Perkins Loan

Confessions Of An Economic Hit Man

John Perkins writes of his experiences in job that few people are aware exists: economists whose primary function is to persuade developing countries to take on enormous loans so that they can hire American companies, thus diverting vast sums of money back into the U.S. When these countries have trouble repaying, the American government steps in perkins loan and dictates terms, essentially hijacking the economy of the place. Perkins`s view of the domination of the global economy by the U.S. perkins loan and of the greed perkins loan and power plays this involves, is a controversial one that his former employers attempted to suppress for many years. Perkins claims that this confession could pave the way for reform but that, if nothing else, it has eased his conscience. Copyright (C) Muze Inc. 2005. For personal use only. All rights reserved.
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Confessions of an Economic Hit Man

Mezzanine loan - A mezzanine loan is a relatively large, unsecured loan (a loan that is not backed by a pledging of assets) with a maturity of at least five years. The loan carries a detachable warrant (the right to purchase a certain number of shares of stock or bonds at a given price for a certain period of time) or a similar mechanism to allow the lender to share in the future success of the business.

Interest-only loan - An interest-only loan is a loan in which for a set term the borrower pays only the interest on the capital; the capital remains owing. At the end of the term the borrower may renew the interest-only mortgage, repay the capital, or (with some lenders) convert the loan to a principal and interest payment loan at his option.

Equity loan - An equity loan is a mortgage placed on real estate in exchange for cash to the borrower. For example, if a person owns a home worth $100,000, but does not currently have a lien on it, they may take an equity loan at 80% loan to value (LVR) or $80,000 in cash in exchange for a lien on title placed by the lender of the equity loan.

Al Perkins - Al Perkins (Born August 1, 1933) is a Texas born American guitarist. The Gibson guitar company called Perkins "the world's most influential dobro player", and even began producing an "Al Perkins Signature" dobro in 2001 - designed and autographed by Perkins.

perkinsloan

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