Nor will the reforms require credit-card companies to ensure that their customers understand the long-term cost of the credit they are granted.
In April, Nippon Credit Bank, the most troubled of the three long-term credit banks, even allowed one of its affiliates, Crown Leasing, to go bust.
The longer-term impact of the credit crunch on lenders' business models is harder to predict (and depends in part on the severity of the housing-market slowdown).
ECONOMIST: Lenders in America and Britain retrench, but for how long?
Back in 2000 the once-famed Long-Term Credit Bank of Japan was all but broke.
He studied Japanese for a year, and took a summer internship at the Long Term Credit Bank of Japan in Tokyo.
The mighty Long-Term Credit Bank of Japan had its head office in Otemachi on an urban site that overshadowed the Masakado shrine.
ECONOMIST: There is more than you think to the haunting of Japan
For his test, the study used the three-year period from November 1 of the year after the previous election through October 31 of election year based on the logic that society tends to judge a President by change during the bulk of the presidential term, while assigning credit or blame for the start of the first year to his predecessor.
The fate of the Long-Term Credit Bank, Japan's 10th-largest bank, has become a symbol of what's at stake.
The two long-term credit banks that later went bust (Long-Term Credit Bank and Nippon Credit Bank) were stuffed full of former finance-ministry staff.
It also replaced term loans with revolving lines of credit to suit the seasonal fluctuations.
For many people a payday loan is a quick and efficient legal way of getting hold of short-term credit.
Culver's looking for two big victories: a long-term tax credit for production of wind energy and a national mandate requiring utilities to use more renewable energy.
The Federal Reserve's third set of policy tools for supporting the functioning of credit markets involves the purchase of longer-term securities for the Fed's portfolio.
Nobody wants to buy the debentures issued by any of the long-term credit banks.
That means finding ways to persuade banks to roll over loans (stopping, in particular, the sudden withdrawal of trade and short-term interbank credit lines).
The term micro credit covers many different models of doing things.
The commission wants the Fund to restrict itself to short-term loans for economies in crisis at higher-than-market interest rates, rather than long-term concessional credit to cover balance-of-payments deficits.
Next week, Wetstone expects a vote in the U.S. House of Representatives on his group's most important legislative priority, a long-term extension of the wind energy production tax credit (PTC).
One mooted scheme, to use Long Term Credit Bank as the rump of the new institution, is just absurd: to entrust new lending to a bank that has already squandered so much would be indefensible.
Its AA-plus long- term credit rating is better than those of Microsoft and Boeing.
Issuers are scrambling to refinance into proper long-term bonds, or asking banks for letters of credit.
According to the agreement signed by the two billionaires yesterday, BTG will provide financial advice, lines of credit and future long-term capital investments in projects.
FORBES: Eike Batista's EBX Group Up More Than $1 Billion In One Day After Agreement With BTG
In the near term some Americans would benefit, but over the long-term they would pay dearly for many purveyors of credit exiting an unprofitable industry altogether.
U.S. money-market funds that provide short-term credit to European banks will suffer major losses (about one third of their bank loans are in Europe.) And the operations of big U.S. companies that hold European bonds, or rely on short-term credit, will screech to a halt.
FORBES: Do Obama's Re-Election Chances Ride On A U.S. Bailout Of Europe?
British banks argue that their role as providers of long-term finance to sectors with changeable credit ratings might be compromised.
"In the near term the fortunes of the European equity market and the credit market are interlinked, " ABN Amro analyst Ian Richards told Forbes.com.
DryShips, a key player in this industry, was downgraded today by Greg Lewis, shipping analyst at Credit Suisse because of near-term uncertainty in its drillships business, geared towards transporting deepwater drilling rigs.
In addition to some of the former assets of Hokkaido Takushoku Bank, it will have to take on the bad loans of Nippon Credit Bank and Long-Term Credit Bank, both nationalised last year.
Citi faces a fourth quarter filled with uncertainty about the value of its remaining mortgage-derivative holdings, related short-term debt conduits and the possibility of further deterioration in consumer credit quality.
应用推荐