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The first credit derivatives were fairly straightforward "credit default swaps" that transferred the credit-default risk of a single company.
Even after a wave of government-induced consolidation, there are at least a dozen systemically important commercial banks.More important, Sweden's much-praised bad banks, into which the government shovelled troubled loans, dealt with straightforward credit backed by clear collateral.
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Rosner and other reformers, including Raj Date, an ally of Warren's at the Consumer Financial Protection Bureau during the agency's formative years, had advocated doing away with the convoluted subsidies of the Fannie and Freddie system in favor of a private market with more straightforward tax credits.
"WestLB's conduct is an outrageous attempt to get out of a straightforward letter of credit obligation," Ms. Lemkau, the spokeswoman, said.
This is a fairly straightforward Mastercard brand credit card with a middling range of interest rates and some perks for regular online shoppers who use the service.
Ms. Latynina says she will chronicle all this in her next novel, and credits straightforward logic for the shift.
They're run by the members for the members; consequently it's not as straightforward as getting your credit card.
"At a high level, it's fairly straightforward; you need 44 credits to graduate," said Shael Polakow-Suransky, the department's chief academic officer.
That we have lately grown accustomed to more straightforward reportage is generally credited to John Adams, who put arias into the mouths of Richard M. Nixon and Mao Zedong.
She credits her straightforward story-based lyrics to her love for the honest storytelling style of country music, while the title track from her debut album was created with music from alternative rock bands Flaming Lips and Arcade Fire in mind.
Earned credit for his straightforward approach to campaigning, although he did appear starry-eyed when dealing with celebrities.
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