Seems Goldman Sachs told them how to derive debt into credit on the books.
By putting their money as well as their trust into credit, they are in the long run paying more, not less.
As Indian agriculture was drawn into the world economy, credit, commerce, inequality and growth were interrelated.
But they're not translating into available credit for firms and households.
And regular people buying into cheap credit...When things are good everyone wants a piece of the pie.
If that jewelry is part of a payment, the payee will be wanting to turn it into credit.
As it is now, any emergency forces her deeper into credit card debt.
There, they intended to convert the remaining merchandise into liquid credit, which they would use to buy passage, identities, and homes for themselves.
More, considering the stocks and holdings that wouldn't be converted into credit or cash.
It was one of the factors which transformed shameful debt into indispensable credit.