Word: bankses
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One reason for the expected jump, he says, is that in 2009 many lenders were under pressure from the Obama Administration to postpone repossessions until loan modifications could be made. However, many banks didn't have the staff to assess all their defaulted loans at the time, and he believes...
“Banks that were too big to fail a year and a half ago are now bigger,” Warren wrote. “Treasury was very effective at shoveling money into big banks, but it was not so effective at meeting the other goals Congress established...
“There’s no question that the banks have a lot of power, but I think David might beat Goliath this time," she wrote.
Either way, the drug cartels have already shown they're willing to use high-profile national celebrations as a stage for narco-terror. Last year, during Independence Day festivities in drug-infested Michoacan state, narcos killed seven people with fragmentation-grenade blasts. Mexicans were rattled again in September when bombs...
Parts of the project have had bad luck. The Harmon boutique hotel, a victim of construction defects, won't be finished until the end of 2010. But the opening of Aria is a significant achievement, signifying the end of an era in Vegas. The days of visionary auteurs bringing extravagant...