The effort was generally praised by charity groups and African nations, but some Clinton administration officials worried that the loans undermined efforts to arrange debt relief for the same countries.
Neither insider trading on Wall Street nor the savings and loan scandal undermined this public trust.
If the Western banking system is so undermined by Third World loans that it needs support from the taxpayer, Bauer says, this support should not be filtered through Third World governments.
Any hopes that they might make a better fist of things second time round were soon undermined when Ben Slater fell to on-loan Maurice Chambers in the fourth over and they quickly found themselves 38-5.
Antares countersued in New York, claiming that the investors' insistence on being paid back before any new lender had scotched Antares's ability to get another loan, which had caused it to default on the original loans, which in turn had undermined its ability to build and sell the houses.
He talks of a "fragile recovery undermined by private sector deleveraging [paying back loans] as a semi-bankrupt government tries to rein in runaway deficits".
The suits had been brought by a coalition of German lawmakers, economists and business executives who argued that Germany's participation in loans and support funds for Greece undermined Parliament and infringed on provisions underpinning the country's democracy.
Infrastructure projects were further undermined by the blocked disbursal of social sector loans by the international community.
The filing was finally brought on after a federal panel rejected United's bid for $1.8 billion in loan guarantees, an application Tilton suggests was undermined when the airline's mechanics union rejected further wage cuts.
He defended the loans as sound business decisions, a claim undermined by the foreclosures.
