How an Economy Grows and Why It Crashes


T H E   H U T   G L U T



Download 18,46 Mb.
Pdf ko'rish
bet134/185
Sana23.08.2021
Hajmi18,46 Mb.
#154297
1   ...   130   131   132   133   134   135   136   137   ...   185
Bog'liq
how an economy grows

165
T H E   H U T   G L U T
stand behind the loans and pay the bank back if the borrower 
couldn’t. 
In order to facilitate the process, Cod created two 
agencies—Finnie Mae and Fishy Mac—to buy hut loans 
from the bank. The hut buyer would then pay back the 
agencies directly. The bank would immediately get back its 
principal, which it could use to make new loans (and be 
rewarded with a generous fee for its efforts). With the Senate 
guarantees in place, the bank dropped interest rates as it no 
longer needed the extra revenue to protect itself from losses 
due to defaulting loans.  
The hut lending program was a huge hit with the bank, 
which was able to make nearly risk-free profi ts. It was also 
popular among voters, who no longer had to save half their 
lives to buy a hut. Based on his shrewd maneuvering, Cod 
was rewarded with a nearly lifetime Senate term.  



Download 18,46 Mb.

Do'stlaringiz bilan baham:
1   ...   130   131   132   133   134   135   136   137   ...   185




Ma'lumotlar bazasi mualliflik huquqi bilan himoyalangan ©hozir.org 2024
ma'muriyatiga murojaat qiling

kiriting | ro'yxatdan o'tish
    Bosh sahifa
юртда тантана
Боғда битган
Бугун юртда
Эшитганлар жилманглар
Эшитмадим деманглар
битган бодомлар
Yangiariq tumani
qitish marakazi
Raqamli texnologiyalar
ilishida muhokamadan
tasdiqqa tavsiya
tavsiya etilgan
iqtisodiyot kafedrasi
steiermarkischen landesregierung
asarlaringizni yuboring
o'zingizning asarlaringizni
Iltimos faqat
faqat o'zingizning
steierm rkischen
landesregierung fachabteilung
rkischen landesregierung
hamshira loyihasi
loyihasi mavsum
faolyatining oqibatlari
asosiy adabiyotlar
fakulteti ahborot
ahborot havfsizligi
havfsizligi kafedrasi
fanidan bo’yicha
fakulteti iqtisodiyot
boshqaruv fakulteti
chiqarishda boshqaruv
ishlab chiqarishda
iqtisodiyot fakultet
multiservis tarmoqlari
fanidan asosiy
Uzbek fanidan
mavzulari potok
asosidagi multiservis
'aliyyil a'ziym
billahil 'aliyyil
illaa billahil
quvvata illaa
falah' deganida
Kompyuter savodxonligi
bo’yicha mustaqil
'alal falah'
Hayya 'alal
'alas soloh
Hayya 'alas
mavsum boyicha


yuklab olish