Word: debts
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...water policy keeping in mind the two big changes - more variable rainfall and desperately growing water needs." Seth believes farmers need not just more handouts, but better access to low-interest credit, so they don't have to rely on moneylenders in every lean year. It was this crushing debt that caused a rash of farmer suicides...
...does, and clearly they're not going to worry about making sense. They'll keep accusing the President of pushing big-government health plans at the same time they accuse him of squeezing Medicare, the classic big-government health plan; they'll keep blaming him for the national debt while blocking any curve-bending efforts he makes to rein in the debt. Maybe it wouldn't be such terrible politics for Obama to stake out a position as the voice of fiscal responsibility in the face of fiscal catastrophe; it would certainly call the bluff of Blue Dog Democrats...
...think you're seeing the cycle repeat itself all over again, and Starwood and all of these guys are seeking to capitalize on the dislocation in the credit markets and purchase distressed debt that's out there," says Fox-Pitt Kelton Cochran Caronia Waller analyst Matthew Howlett...
Private-equity players are betting they'll be able to snap up the securities at bargain-basement prices. After all, the debt will come due amid rising unemployment and a deepening meltdown in the commercial real estate market...
...there will be plenty to buy. "There's probably a lot of financial institutions that hold mortgage debt today that just can't hold it long-term and will eventually have to be sellers, whether it's regional banks or major financial institutions that need to deleverage," says Greg Ressa, a partner and head of real estate at Simpson Thacher & Bartlett LLP. (See 25 people to blame for the financial crisis...