Many business people and financial managers are usually not aware of the term ‘DIP’ Financing – which stands for ‘Debtor in Possession’ financing. Apparently, that is how Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke are planning to generate the $7 trillion they say they are now prepared to advance to rescue the financial system: they may just leverage the $700 billion bailout money by way of the banking system into $7 trillion in new loans. 4 But the Federal Reserve is a privately-owned banking corporation, and the recipients of its largesse haven’t been revealed. 5 The $seven hundred billion in seed money belongs to the taxpayers. The taxpayers needs to be getting the advantage of it, not a propped-up non-public banking system that makes use of taxpayer cash for the “reserves” to create ten occasions that sum in “credit” that’s then lent again to the taxpayers at curiosity.
Based on bankers and economists, the Polish economy and consumers want a totally diversified system. We need world banks, because they provide entry to capital and financing of enormous investment initiatives that Polish institutions won’t be able to handle because of commitment limits. We’d like these operating on a …