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"The bottom line is that if Mr Whyte's deal had not transpired, that [the transfer of debt to Murray] was the agenda.
The Sequestration Act of 1861 provided for confiscation of all Union "lands, tenements, goods and chattels, right and credits" and the transfer of debt obligation on the part of Confederate citizens from Northern creditors directly to the Confederate government.
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Jens Weidmann, the president of the German central bank, said he remained stalwartly opposed to more bond market intervention, which he said he regarded as an illegal transfer of debts from one country to another.
Fundamentally, both parties agree in this massive acceptance of Wall Street's debt, this transfer of corporate debt - a jubilee for the rich, that's what they're talking about.
Alltel, based in Little Rock, Ark., said it would transfer $4.2 billion of debt to the new entity, which gives the overall deal at value of $9.1 billion.
But the transfer of Greek debt onto the central bank's books is crucial because the bank, with the full resources of the European monetary system as backing, can borrow at much lower rates than Greece can.
Their only accomplishment so far has been a massive transfer of bad debt from private hands to public hands.
Not only can you get 0percentt APR on a balance transfer of existing debt, you can also use the card if you need to make a large purchase.
Its extension and depth cannot be understood without taking into account the issuance and transfer of public debt from the Treasury to public banks, as a component of pro-active fiscal and industrial policies (Canuto, 2013).
Transferring £2,000 of debt on a card with an APR of 18.9% to the Halifax deal could mean a customer would be £792 better off over the 34-month period, according to the bank.
Transferring £2,000 of debt on a card with an average APR of 17.32% to a Barclaycard Platinum credit card where there is no interest to pay for 24 months would deliver an annual saving of £238, taking into account the balance transfer fee, according to Moneysupermarket.
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