Last week I had formed an “a ha” moment when during a meeting, discussion turned to the meaning of the term “plan sponsor.” I considered it an easy appearance always, that refers to institutional clients (e.g., pension funds, endowments, foundations). But at least one of the participants restricted its meaning to pension funds.
Interestingly, a pension finance representative at the conference shared my view! Well, I have concluded that the term is a tad ambiguous, although formal definition DOES appear to limit it to pension money. It is evident that I’m not by yourself and even among those who know very well what the term is intended to mean, they utilize it in a broader context often, too. Therefore we can add this term to the growing list of words and expressions that frequently have multiple meanings.
The answer is zero or less. Now that means that that whole balance sheet is a contingent liability. To be certain, that while it’s contingent there’s not interest obligations. But eventually that overhangs the structure, because we in so many different ways have guaranteed this, that and the other thing.
- Capital asset buys (e.g. trucks, cars) are recovering significantly
- ABN AMRO
- Using Zakah in paying blood money (the route of the debtors)
- Prior misdemeanors, even if they’ve been expunged or occurred when you were a minor
- Referral fee: 7%-2%-1%
- ROI assists with deciding between different investment opportunities
It’s not only Fannie and Freddie, but it’s a whole series of finance institutions. And, regrettably, it’s also non-financial institutions. I was very much concerned whenever we started to assure everyone as being too large to fail. But at least it was in the financial area. Lindsey: “It always ends this way.
If you go back and you take a look at Rome. You look at the Ming Dynasty or you look at Zimbabwe – it always, always, always ends this way. As well as the question is how will you delay it… The end game we’re all discussing this is a very unpleasant one. This means that the financial arrangement that the continuing state has generated is no longer sustainable by culture.
And that’s how overly indebted societies end and they move on to a new kind of arrangement. So that it isn’t going to be always a pretty change – if we get there. And that’s why it is so urgent that we react now. It is not only a matter of numbers.
It’s a matter really of politics liberty. As the government will not voluntarily let itself go out of business. My thoughts: The abhorrent dilemma facing our nation is now increasingly difficult to evade. Therefore, leading policy figures are becoming more outspoken – in some cases stunningly candid. And future readers of history will be left bewildered and appalled that key issues were in fact recognized yet policymakers lacked the fortitude to confront them.