The fact that GS chose to bet on whether a
privately funded pipeline would be completed on a date certain illustrates the risks that universal banks must take to earn their keep.
Allan maps out a spotty financial history for the project, recalling that the U.S. company, a descendent of the disgraced Enron empire, originally claimed it would
fully fund the pipeline.
An emotional City Council Speaker Melissa Mark - Viverito vowed New York City would «defy, resist, stand up» to President Donald Trump «s new executive order to sever
federal funding pipelines to municipalities that refuse to cooperate with national immigration authorities.
Espaillat asserted that many of
the funding pipelines Trump hopes to sever will need Congressional ratification.
Nevertheless, they remain an important part of the college -
funding pipeline, with $ 108 billion in outstanding debt, yet are small compared to the nation's $ 1.4 trillion federal student debt market.
Notably, ING sold its $ 120 million stake in the $ 2.5 billion loan by banks to
fund the pipeline.
Banks shut down
their funding pipelines so even if you could find a willing buyer that person could not get the money to purchase.