Already, the agency is starting to do a whole bunch of things that are going to be important for consumers -- making sure loan contracts and credit card terms are simpler and written in plain English.
Not all of them will be able to benefit if the leveraged-loan market contracts.
The industry argues that this would be an intolerable violation of the sanctity of loan-pooling contracts.
Lawyers to form corporations, to prepare loan documents and contracts, to structure acquisitions and litigate business disputes, will be unemployed.
Since these numbers are hard-wired into tens of thousands of derivatives contracts and loan agreements, the losers would almost certainly dispute the changes.
The good bank will have all the remaining assets, including derivative contracts and its loan to the bad bank.
It might indeed make sense to change the law for future mortgages, but rewriting loan terms retrospectively tramples on existing contracts and property rights, and should not be done lightly (see article).
Many contracts allow them to hand back loan pools that sour surprisingly quickly.
Others include grants, loans, tax credits, favorable regulations, bailouts, loan guarantees, targeted tax breaks and no-bid contracts.
Government officials in both countries have enormous influence over contracts and procurement, development and infrastructure projects, loan approvals, real estate transactions, land use rights, and preferences in regulated industries.
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And the Peace Dividend Trust submitted an innovative loan guarantee model aimed at empowering local SMEs to bid for donor procurement contracts in post-conflict or post-disaster economies.
Winstar case, in which he successfully argued that the federal government violated contracts with certain banks by changing accounting rules during the savings and loan crisis.
The law also added service-disabled vets to the list of groups eligible for fully guaranteed loans under the government's 7A small-business loan program and created a government-wide goal that 3% of all federal contracts must go to small businesses owned by service-disabled veterans.
During the transfer window Sutton has completed permanent deals for Adam Watts, Joe Anderson and Clark Keltie, extended the contracts of Gilmour and Cian Hughton and signed Saunders, Uwezu and Baker on loan.
Efforts to reduce loan balances and to create special rescue programs have reduced the security of loans, challenged the enforceability of contracts, and driven up real borrowing costs.
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