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To attract this growing pool of borrowers, lenders repurposed "creative financing" products that had previously been marketed to high-income borrowers seeking flexibility with their money.
NPR: Mass. Homeowners Rally Against Foreclosures
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As part of the deal, these firms are given preferential treatment by the banks, including debt-for-equity swaps, lower interest rates, and access to a pool of some 2 trillion won in new loans and trade financing.
ECONOMIST: South Korean bankruptcy
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Over the last few years Wall Street has poured billions into film financing, creating a glut of new releases competing for a stagnant pool of moviegoers.
FORBES: Magazine Article
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Mr Ferguson said he accepted that the proposed Bristol East pool and Hartcliffe household waste centre should be deferred for 12 months to allow for a review of costs and financing options.
BBC: Bristol City Council's budget cut options are revisited