Word: interests
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...Bank ownership becomes more complex when a firm owned by the government does something materially different from what its competitors in the private sector do. If bank owned by the government offers business loans at 3% interest, what does a foreign-based public bank like DeutscheBank do to match that? A government-owned bank can be driven, at least short-term, by policy and not profits. That puts financial firms in the private sector in peril whenever they try to compete. The relationship between a national U.S. bank and private banks both inside and outside the U.S. causes a series...
...Historian Thomas Schwartz explained to me recently, Springfield had the good fortune to have a Lincoln buff serving as governor during the Great Depression. He budgeted for acquisitions at a time when prices were low. "We were able to collect material at a time when there was not much interest and not much money...
...lower the principal of the mortgages instead of reducing the interest rates of the loans? Because it creates far more incentive for homeowners to continue making mortgage payments. Moreover, with all the exotic loans out there, many with adjustable rates, the principal is the only standard across all mortgages. Adjusting the remaining principal, then, is the most general way to renegotiate all mortgages as equitably as possible...
...only banks that could legitimately lose on this are those that hold nothing but good mortgages or tranches of good mortgages, with no bad assets. Since the Troubled Asset Relief Program has attracted such interest from virtually every bank, we can conclude that such good-mortgage banks exist only in small numbers...
...some Iran experts say it's best to start small, building confidence and a more positive dynamic by seeking cooperation in areas of overlapping interest. Afghanistan, says Karim Sajadpour of the Carnegie Endowment for International Peace, "is the perfect [issue on which] to commence the dialogue." Like the U.S., Iran doesn't want to see a resurgence of the Taliban or al-Qaeda; both of those groups subscribe to a radical Sunni view that regards Iran's Shi'ism as an abomination. (Iran nearly went to war with the Taliban in 1998 after the militia's forces murdered eight Iranian...