At the outset of every credit agreement negotiation, implicit goal is to reach agreement on representations and covenants that allows Fund to operate as needed while protecting lenders. However there are times when the Fund is unable to comply with the credit agreement.
activity. let s get down to business with landon dowdy. good morning to you. working on a settlement related to the massive data breach in the holiday shopping season in 2013. wells fargo is building branchs devoted to car loans and auto financing. the branches will have credit officers to approve or deny loans. consumers have $1 trillion in outstanding loans up from 20106789 the u.s. postal service is ramping up same-day delivery to compete. it s trying to get congress to let it ship alcohol. the postal service posted a $600 million loss in the latest
are underwater on their mortgages, yes, because of the way things went down, but they are creditworthy, and the banks are just being tight-fisted. reporter: the people who are telling us that aren t credit officers of banks. it s time for people to understand there are consequences to public policy choices. we re living through the consequences. we will create an even greater disaster if we follow this kind of idiotic path. sure, i understand, look, i m like anyone else. i want to see this economy just boom. but not at the expense of the american working man and woman and his and her families. they are now spending less because that is the prudent thing to do this these times of economic uncertainty. they are being careful with their resources which is the prudent thing to do. it is time for our government to emulate what the american public is doing. and that is be careful with their money, be thoughtful and understand there are consequences to the decisions we re taking. and to hav