NO.

 

The Ginises on Wall Str. cannot see, other biz, than financed with bonds, not least the shitsandwiches servered, so-called Toxic, Right to exchange into shares; and then when the curtomer left the bank: the very same people, Naked Shorted, the very Same company into space. Thus, no need to cover.......

 

Shipping, normally base their financing on ''loans'', with an equity given by the borrower, say 20 %, then a loan  facility of 80 %, latter being BASED on a normal Amortisation, being a linier,  (fixed monthly downpayment & interest. Or a a scaled one ( pay less on the main principle to start with, of course interest will  then be over a longer time span)

 

This, IMO is how 100 %  of Norwegian Households buy their house. And, due to unresenable taxes, 95 % own their own home, and 5 % lease them, but for a short time, f.ex. when studying at University etc.

 

Reason being, two fold. A deduction is made to your income, takeing off the Top, and effectively the Government, pays 28 % of your interest. 2ndly, if a high salery, even one more advantage, and dedutions, ''also'' reduses the Gross income, thus, also minimizes some of the Top Tax.......

 

And are we invested with the right shipping tycoon; who in real terms are our creditor  lol Whenever a liquidity problem occrus, just look at Golden Ocean and most resent, FRO.....