Loans Which Are From Banks Are Classified As Special Mention Assets
Loans which are from banks are available at interests that is affordable but the term for which they are given is so long that most salaried people do not want to commit to it. When a sudden expense pops out of nowhere, the most immediate thought is to run to a nearby bank and stand in the queue for a bank loan.
Bank loans are among the most difficult to obtain loans. Banks are picky about lending money. Bank loans are classified as special mention assets when the lender fails to supervise a loan properly or maintain sufficient documentation, or otherwise has deviated from acceptable and prudent lending practices. Assets listed for special mention generally reflect weaknesses in administration, servicing, or collection, as opposed to credit weaknesses, which are noted in examination reports as Adversely Classified Assets.
Loans which are from banks are the predominant source of external funding in many countries. But capital markets and equity markets are not a significant source of financing, even in developed countries with well-established and functioning capital and equity markets.
Loans that are from banks are extremely difficult to obtain and they are usually only given to businesses with outstanding credit and a proven track record. If local banks have determined you don't meet the five C's criteria or if they can't provide enough financing, there are probably non-bank sources in a few directory's who can. Loans that are from banks are very flexible. They can vary in the length of time that the loan has to be repaid. Loans that are from banks are not an option for everyone.
Bank loans are a little bit different as they have a different set of requirements altogether. Especially with the lending industry being a little bit tighter with their lending practices, you may have a difficult time getting the loan to go through. Bank loans are not spontaneous financing as is trade credit. Borrowers must apply for loans, and lenders must grant them.
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Comments on Loans Which Are From Banks Are Classified As Special Mention Assets
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I have great faith in your ability to enter NTU.
because i sure as well dont want you to go flying off to australia!
and practically speaking, unless it's Harvard, Oxford or you're doing your masters or the like, I don't reccomend overseas universities. going to NTU or NUS and taking a bank loan is a crazy enough debt to pay off.
only rich idiots go overseas. (screw you, rich people!!)
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I think the main point here is about power and consumers that have no other choice to getting credit being taken advantage off by lenders. Warren seems to wan to regulate the terms that lenders can impose. A laudable goal to protect disenfranchised borrowers but which will likely cause lenders to limit credit to borrowers who can't afford it and in many cases would borrow regardless of terms. On the other hand, limiting borrowing to people who understand their obligations would be a step in the righ direction for everyone, in my humble opinion
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Listen, I have told you several times to see for yourself, to go to the Project for the New American Century's website and read their archives. Start with "Rebuilding America's Defenses: Strategy for a New Century", a PNAC report from September 2000.
If you are not going to read what I refer you to when answering your questions and challenges I don't see the point in continuing our conversation.
I looked at the site. There were a number of policy papers there authored by people associated with it. I saw nothing that resembled any internal memoranda.
You are beginning to sound like you not only don't know what you are talking about, but that you don't know what I am talking about, and don't really care to find out.
Some things call for one's efforts to be husbanded.
Of course PNAC is not a government agency. It is an advocacy group that was founded in 1997 to promote the expansion of American influence in order to dominate the world in the 21st century. It is loaded with those who have served in the highest levels of government, and those who have advised them. Signers of the original PNAC statement of purpose include six who served both Bushes: Cheney, Wolfowitz, Scooter Libby, Zalmay Khalilzad, Peter ROdman and Paula Dobriansky. Five others served both administrations in advisory positions: Richard Perle, Eliot Cohen, Francis Fukuyama, Dan Quayle, and Henry Rowen. In addition, Donald Rumsfeld, Robert Zoellick, Ellitt Abrams, Richard Armitage, George Weigel, and William Kristol have all signed PNAC statements. Directors of PNAC have included John BOlton, current ambassador to the UN, and Bruce P Jackson, former vice president of Lockheed Martin and author of the 2000 Republican foreign policy platform.
In other words, PNAC is practically identical with the establishment.
Mr. Nichols,
You have given the names of a dozen individuals associated with Republican administrations, which is passable evidence that theirs is a vigorous strand of opinion within the political class. It does not render them 'identical with the establishment'. There are some 3,000 discretionary appointees in the federal administration. Nancy Pelosi is part of 'the Establishment' too, as is Gen. Scocroft.
In fact, America is digging in for the long haul, in keeping with PNAC's program, constructing the largest "embassy" in the world, a giant fortress-city, in fact. Four permanent military bases are also under construction. American corporations with close ties to the Bush Administration are heavily and profitably invested in Iraq: Chevron, Bechtel, Halliburton, Lockheed Martin, and others. You bet Bush & Co are going to stick around to protect their interests.
We shall see.
How does the Iraqi constitution protect American interests? Article 25 reads:"The State guarantees the reform of the Iraqi economy in accordance with modern economic principles…" Sounds innocuous enough…
If you have quoted it precisely and in context, I doubt it will be compelling language for politicians or jurists who have other pressures operating upon them.
but "modern economic principles" must be understood in light of…neoconservative ideology and the so-called Bremer Orders,
'Sez who?
the directives issued by Paul Bremer during his term as administrator of the Coalition Provisional Authority [May 2003-June 2004]. Bremer was for all intents and purposes
I remember Amb. Bremer.
dictator of Iraq, ruling by fiat,
There were no properly constituted communal or elective institutions in place in May of 2003. For an interim period, there was not likely much of an alternative.
and his directives stand as Iraq law unless specifically repealed by the Iraq government, and few of them have been repealed.
They will have time. If I am not mistaken, law codes in the Middle East commonly consist of layers of Ottoman, British Mandatory, French Mandatory, and post-independence statutes, so this would not be remarkable. For example, questions of personal status in both Israel and Lebanon were long decided, and may still be, by confessional courts that date from the Ottoman period.
Reading the Bremer Orders is an eye-opener. Among other things the orders limited freedom of the press, allowed the supression of political candidates deemed unfit [a power that has passed to the Iraqi government], and gave immunity from Iraqi law to all military personel and foreign contractors.
In apprehending the implications of the orders, I would prefer the aid of a more expert and disinterested party. (I know one). I cannot help but notice that Moqtada al-Sadr has contested both elections, so the 2d provision to which you allude does not appear to be applied with any degree of rigor.
Order #39 is the foreign investment order and includes the following provisions: 1]privitization of Iraqi enterprises, 2] allowance of 100% foreign ownership of Iraqi businesses, 3] denial of preference of local over foreign businesses [allowing American corporate takeover] and 4] guaranteed tax-free profits.
Again, any of these provisions can be modified. Even as rendered, I do not see anything particularly nefarious about them. Sale of a large portfolio of state enterprises is generally a gradual process even in countries not at war with themselves (Poland) and with functioning capital markets (Great Britain). Mexico had provisions in its law that debarred foreign ownership of land and required that all foreign investment be in the form of joint ventures with majority domestic ownership. I would guess there are some efficiency losses from such provisions, but I have never read an econometric analysis of them. Fully competitive bidding or local preference schemes each have their arguments. I do not imagine that Mr. Bremer could guarrantee profits to anyone (most particularly in that very uncertain environment) absent a direct public subsidy.
Your contention that imperialism implies the establishment of foreign sttlers is not borne out by history.
You referred to a "classic colonial government", which would require colonists. I agree you can assemble a portfolio of dependencies without colonizing them bar with a thin layer of civil servants and soldiers.
Now this time, Mr Deco, do your homework before you reply. Your specious arguments, and $1.50 will buy a beer in one of the many local pubs in my small industrial town.
And finally, "Who is Bill Kaufman?"
Ah, indeed. Well, an Upstate anarchist. A localist paradigm-popper. A master of poetic sarcasm. A gooser of sacred cows. And the love child of Henry Thoreau and Dorothy Day, conceived amidst the asters and goldenrod….but see my latest post.
I have read your latest post. There is no such place as "Bedford Falls", unless you mean the Hollywood backlot where It's a Wonderful Life was shot.
I've more than three decades in Upstate New York. I've never heard of him. I looked at fragments of his writing in response to your post, but they appear to be worthwhile mostly for their entertainment value, and that would be a matter of taste. He refers to the town where relations of mine have lived for 170-odd years as "the hated LeRoy", so I must hatchet him.
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