Interest Rate
Interest rate should be fixed
In such a manner and style
So that both the commercial banks
And their clients are benefited
But unfortunately many people
Incur loss as a result of
High interest rate
The central bank should encourage
The commercial banks
To go for investment
In the lucrative sectors
In order to create more fund
And to enable them to give more loans
And lower interest rate
For the entrepreneurs
If the commercial banks
Lower interest rate
For the depositors
The latter will not be discouraged much
Since people deposit money mainly
To keep it in a safe place
If the commercial banks
Lower interest rate
For the entrepreneurs
Many more people will take loan
As a result
Both the parties will be benefited
According to Islam
If there is more good elements
Than bad effects
Exist in a thing
It becomes halal
Therefore if most of the people are benefited
By taking loans it becomes okay
poem by Asif Andalib
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Related quotes
Our tree is actually a tree of the short-term interest rate. The average direction in which the short-term interest rate moves depends on the level of the rate. When the rate is very high, that direction is downward; when the rate is very low, it is upward.
Our Government is committed to pursuing policies and programs which facilitate a further lowering of the interest rates in order to fuel investment and growth. We call on the commercial banks to partner with us in this effort.
The real challenge was to model all the interest rates simultaneously, so you could value something that depended not only on the three-month interest rate, but on other interest rates as well.
Sleep is the interest we have to pay on the capital which is called in at death; and the higher the rate of interest and the more regularly it is paid, the further the date of redemption is postponed.
quote by Arthur Schopenhauer
Submitted by Lucian Velea
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I've just done a commercial in the U.S. in which I talk about stocks, shares and bonds. Everyone is amazed. They ask me: 'You really know about that stuff or did you just learn it for the commercial?' I tell them I wouldn't do it unless I understood and had an interest.
quote by Anna Kournikova
Submitted by Lucian Velea
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Pay You Back With Interest
(clarke / hicks / nash)
Too many people need me
Ive got so much, so much to do
But when my travelling is over
Ill pay you back with interest
Ill pay you back with interest
It seems unfair to leave you
And sell myself the way I do
But when my wandering is over
Ill pay you back with interest
Ill pay you back with interest
Most of my life Ive been moving
And when I tire out Ill come home to you
But until then Ill be waiting
Ill pay you back with interest
Ill pay you back with interest
How cold is my room, (how cold is my room)
Without your love beside me
We look at the same old moon (looking at the moon)
But youre not here beside me
Ill pay you back with interest
Ill pay you back with interest
Break
Too many people need me
Ive got so much, so much to do
But when my travelling is over
Ill pay you back with interest
Ill pay you back with interest
song performed by by Hollies
Submitted by Lucian Velea
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Life in Paradise: 21st Century Style
2000-2001
The “dot com” bubble bursts
Recession
9/11/2001
America attacked!
Our way of life is threatened
Fear sets in
Financial institutions vulnerable!
Economy in a nose dive
What to do?
Everybody fly the flag from your home.
Save housing - Save the economy!
First, everybody needs a home.
The madness begins.
2002-2003
Create laws to increase minority homeownership
California gives birth to the ARMs* and NINJA** loans
Accounting irregularities at Fannie Mae (FNMA) & Freddie Mac (FDMAC) ***
Doors open for Wall Street to invest in Main Street
Without those pesky government regulations
Homeownership increases
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOME PRICES INCREASING FASTER THAN INCOME?
…...“No problem; it only takes a little creative mortgage financing and Wall St loves those high yielding mortgages…..
HIGHER RISK - HIGHER YIELD!
Pension funds love high yield.
Buy more and more....
…...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”…..
WARNING! WARNING! DANGER! DANGER!
AREN”T PENSION FUNDS ONLY ALLOWED TO BUY AAA RATED INVESTMENTS?
...“Problem solved...banks pay the salaries at the Rating Agencies and Ratings Agencies in turn lower the standards to obtain a AAA rating”...
WARNING! WARNING! DANGER! DANGER!
WHO’S WATCHING THE “HEN HOUSE” WHO’S MINDING THE STORE?
...“Who cares?
Everyone is happy
Millions of new jobs created
Millions of new homeowners
Millions of dollars for bankers
Millions of dollars for Wall St
And everyone owns a home on Main St
Money is flowing
Everyone wins! ”…
WARNING! WARNING! DANGER! DANGER!
AREN”T HOMES BECOMING LESS AFFORDABLE?
2004 -2005
...“Pressure Government to create more creative loans and even lower down payments with even higher yields and make more bucks”…
A new mortgage is born, Euphemism: THE PAY OPTION NEGATIVE AM ARM Loan
...Easy to sell… You chose your own payment! You chose your interest rate! ...
WILL WALL ST BUY THESE LOANS?
….“You bet! Wall St loves these high yield mortgages. They package these loans as CDOs***** and sell them to Pension Funds, Municipalities, Foreign Governments etc
Spread the risk - Harvest the yield! …
Now Fannie Mae & Freddie Mac want back in on the action
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”
Everyone wins! …
The country is now infected with AFLUENZA
...“We need even more mortgages. Pressure Government to lower credit qualifications, raise borrowing limits, allow less equity positions. Let homeowners use their homes as ATMs+++”...
WARNING! WARNING! DANGER! DANGER!
WHERE IS THE SEC? WHERE IS THE FED? *****
...“Banks will police themselves” says the SEC
“Homeownership is up.
The Standard of Living is up
It is good” says the Fed...
...“After all ever since the Great Depression, home values have ALWAYS gone up
And everybody pays their mortgage ”...
CAN THIS LAST? WON”T HOMES PRICES HAVE TO COME DOWN OR INCOMES GO UP? .
2006 – 2007
Prices too high.
Average home unaffordable
Fewer home buyers.
Prices sinking
ARM’s resetting
Sub prime borrowers defaulting
Ninja loans failing.
Banks taking in less
Fewer dollars to lend
Layoffs beginning
Homes over-mortgaged
Appraising for much less
Equity gone
No equity - No sale
The downward spiral begins
Existing incomes static
Mortgage payments climbing
Homes losing value
Appraising lower
Jobs being lost
Unemployment rising
Banks failing
Wall St collapsing
Investment yields disappearing.
No way out!
2008 –2009
Elect a new administration with a RESCUE PLAN!
….“Spend more money Acquire more debt”….
WARNING! WARNING! DANGER! DANGER!
*ARM: Adjustable Rate Mortgage,
** NINJA loan: No Income, No Job or Assets
*** FNMA & FDMAC: Federal National Mortgage Corporation & Federal Home Loan Mortgage Corporation
**** CDO Collateral Debt Obligations
****** SEC: Securities & Exchange Commission & Federal Reserve System
+++ATM: Automated Teller Machine
poem by Nancy Chambers
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Economic Development
Economic development is the precondition of higher living standard
Therefore we should focus on economic development at first
We know infrastructural development is a must
For economic development of any country
So the government should go for it in the first place
And if necessary they should go for partnership with private entrepreneurs
Now it’s an open market economy
If we want to take off to the sky of prosperity
We need to utilize our own resources including manpower
We need to figure out our competitive advantages
Because it’s not a hard task for us in the information era
Now-a-days tourism is a lucrative sector for any government
Because we are living in the time of globalization
Protectionism is now a history
That’s why
The role of commercial banks and other financial institutions
Is more pivotal than ever
They should provide loan to the industrialists
In such a manner and style
So that the latter can import cutting-edge tech
In order to survive in the fierce competition of open market
poem by Asif Andalib
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Our tax policies, the tax relief and reform we passed in 2003 and 2005, helped get government out of the way of America's entrepreneurs, and our unemployment rate is now lower than it was in the 1970s, the 1980s, and the 1990s.
quote by Marsha Blackburn
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However, in spite of the general perception that monetary policy should be conducted so as to avert deflation, a central bank cannot lower interest rates below the zero lower bound.
quote by Toshihiko Fukui
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Monopoly
Like dictators
Monopoly is harmful for the masses
Since it tends to
Increase the market price
Of products and services
More and more
That’s why
The governments should
Encourage new investment
In the sector
The commercial banks
Have a crucial role to play
To stop monopoly
If there is no entrepreneur
Willing to invest in the field
The government should encourage
Foreign investment
To solve the problem
poem by Asif Andalib
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Golden Bird, Painted Black
From beginning I heard
India was a golden bird,
Mughals, Britishers arrived
Looted wealth and destroyed
As she had wealth natural
Precious stones and pearl
Real gold, range of mineral
And knowledge of spiritual.
Hard work of noble citizens
Has mounted wealth again
But many citizens still feel pity
They are to live below poverty.
The amount involved in scams
Amount brought to Swiss bank,
Can run India totally tax free,
Not less the decades of three.
As said hundred trillion rupees
Is deposited in banks of Swiss,
Mere interest at Indian bank rate,
Can change poor people’s fate.
People below poverty can
Easily get per capita income.
India was a bird of gold,
India is still a bird of gold
But in black, it is painted
Her worthyness is dented.
If this black is removed,
Will again shine like gold.
poem by S.D. Tiwari
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First rate mathematicians choose first rate people, but second rate mathematicians choose third rate people.
quote by Andre Weil
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The rate of interest acts as a link between income-value and capital-value.
quote by Irving Fisher
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We will attract more people to Kentucky by lowering our income tax rate. In fact, lowering the income tax rate is the single most important thing we can do to create opportunity.
quote by Ernie Fletcher
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It is the interest of the commercial world that wealth should be found everywhere.
quote by Edmund Burke
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The subsequent effects
I sold some stocks of a company
At a certain rate, after which
The price of the stocks rose the same day.
A bad decision, I thought.
The next day, the price fell lower
Than the rate I had sold at.
A good decision, I thought.
A decision turns good, bad and good
According to its subsequent effects.
15.01.2008
poem by Rm. Shanmugam Chettiar
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It's not in baseball's interest or the players' interest to be taking this stance. It's the people's game.
quote by Fay Vincent
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We have believed for many years, much earlier than anyone else was talking about this issue, that it was in the interest of China to evolve to a more flexible exchange rate system.
quote by Rodrigo Rato
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First-rate people hire first-rate people; second-rate people hire third-rate people.
quote by Leo Rosten
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