The fundamental question today is who monitors opaque loans, whether of the sub prime or any other variety. Traditionally, the answer was banks in the securitized world, it remains a question.

Is it any wonder that the valuation of securitized investments has become so challenging, that mark to market valuation on securitized assets has become meaningless, depressed, or both, and that the securitization market itself has seized up?

Moreover, defaults on securitized credit card debt and commercial loans to companies that are driven to bankruptcy are still to come. They will continue to deprive the banking system of its equity capital, with little chance of it being recouped in the near future.

Among the consumer loans, medium and long term loans dominated by housing loans accounted for about 80 , but short term consumer loans grow faster than medium and long term loans.

Thus, neo Keynesians have tried to spur more housing investment through rock bottom interest rates, more auto purchases through securitized consumer loans, and more shovel ready infrastructure projects through short term stimulus programs. When investment spending does not budge, they recommend that we turn excess saving into another consumption binge.

Loans

They didn't make loans and then sell the loans.

In the US, households have a prepayment option on their mortgages should interest rates fall. Moreover, mortgages are usually securitized.

(i) Loans

(12) As regards short term borrowings and long term borrowings, it is required to list the beginning balance and ending balance of credit loans, mortgage loans, hypothecation loans and guarantee loans, respectively.

Non performing loans

Loans are provided to women organized in groups, who guarantee each other's loans.

They serviced the loans.

Number of loans issued

Value of loans issued ( )

Radio Programmes Dubs Loans

These loans are renewable provided that there is no outstanding balance thus no new loans of this type are granted until previous loans have been paid off.

(3)loans and account receivables.

(1)loans and accounts receivables

Loans totalled 118,828 million pesos.

Criteria for loans and grants

Distinction between loans and deposits

2. Loans and revenue assurances

Income generation programmec Loans awarded

Value of loans awarded (US )

Loans (in millions of volumes)

These loans are primarily organized under a group guaranteed lending scheme, but also included individual subsidized loans.

About 44 per cent of the total 1,361 loans issued during the reporting period were managed directly by department staff and included 392 housing improvement loans ( 531,429), 164 small scale enterprise loans ( 599,411) and 43 subsidized soft loans to special hardship families ( 185,936).

The 199,532 in interest earned on 1,361 loans active during the reporting period was channelled into new loans.

In the West Bank, the programme disbursed 4,744 loans, compared to 3,120 loans disbursed in the previous period.

The loans, ranging from 500 to 3,000, were fully repayable on terms similar to those for soft loans.

These microenterprise loans begin as low as 600, with a few more established entrepreneurs taking loans of up to 12,000.

(3)loans and the account receivables and

on the interest rates on private loans.

Interest on loans is high at present.

Bank loans, mortgages, and other financial credits

b Consists principally of loans and deposits.

Table I.6 Loans from closed missions

Formal sector loans are far less accessible.

(c) Loans from United States financial institutions.

Number of loans Amount 1995 Amount 1997

Loans from closed to active missions and Tribunals

In addition, they may apply for study loans.

(c) A high interest rate on house loans

A firm that made loans on the place.