For homeowners to qualify they'd have to be able to afford a reasonable interest rate, and their lender would have to take a haircut on the loan.
My purpose was not to speculate but to finance a real estate transaction, but it is still a bit chastening to have taken a 10 percent haircut in a matter of a month.
The basic problem all along has been that only the private sector holders of bonds were going to have to take a haircut.
Which means that that part held privately (which includes banks and so on as well as individuals) will need to have a much larger haircut in order to reduce the debt burden sufficiently.
Euro finance ministers indicated a significant bondholder haircut would have to be part of a second Greek bailout.
Kadyrbayev told investigators that Tsarnaev "appeared to have given himself a short haircut" two days after the bombings.
However, first of all, in the case of the banks, to not have the creditors take a haircut is a terrible mistake.
FORBES: Get Briefed: Howard Dean On Healthcare, Tax Cuts and 2012
"They put down what t-shirt I am wearing and whether I have had a shave or a haircut, " he said.
Clearly, bond debt will have to come down which means a haircut for bondholders.
Overall a great experience and I have the haircut that I want.
Traditionally this is done with currency debasement (which the Fed and the BoE have already begun) or by imposing a haircut on lenders.
Others have become 'strategic' debtors waiting for a haircut by the banks.
This morning we were notified by our bank that our CURRENT accounts have been also frozen and will be subject to a haircut.
As members of the EU we expected that there will have been support and not sheer black-mail for a haircut of people's savings.
Bond investors have consequently ditched Irish debt because of fears they would suffer a haircut, or in other words, lose some of their investment when Ireland tries to refinance or even when it gets bailed out.
The big remaining question is, how much of a haircut (ie, loss) are the lenders going to have to take?
Many of Chrysler's creditors have understandably made their unhappiness known about the potential for a government-enforced "haircut" that would require senior creditors to get very little back in return for making risky bets on the dying carmaker.
If Greece had defaulted back when the problems were first evident, before the IMF, the ECB and so on became preferred creditors, then they could have had an orderly, negotiated, default at, say, a 40% to 50% haircut, the debt would be sustainable and the problem would be over.
The ECB will then have dollars that it can lend to Euro-banks needing dollar liquidity, presumably with collateral receiving a haircut.
While it may be true that mortgage originations may slow in 2013, I believe that markets have adjusted the price of FBC in anticipation of a slower financial sector, giving it a 35% haircut from its highs of the year.
If they were so concerned with appearance Blago could have saved himself a whole lot of money by succumbing to that usual vice of male politicians: the very expensive haircut.
应用推荐