Word: problem
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...title of your Dec. 14 issue, "It's His War Now," demonstrates a problem with modern media. While our young men and women are suffering physical and emotional calamities overseas, the talking heads and media remain obsessed with declaring winners. We are a nation at war, and this war, like all others, does not belong to one man. Mike Keller, TAMPA...
...upside of this approach is that it gives banks time to work out problem loans in an orderly fashion. It also averts a big hit to the FDIC's empty insurance fund. The downside is that it drags out the correction for years, delaying any rebound. "The smart money, and there is plenty on the sidelines, is waiting for the bottom to materialize," says Bonney. It may still be waiting a year from...
...turning them into rental units." For their part, investors say they are buying up houses in such disrepair that first-time buyers would not be able to secure loans for them - and helping neighborhoods by making these units livable again. "I don't think anybody should have a problem with that," says Bruce Norris, a Riverside real estate investor...
...Problem is, a lawyer earning less than $200,000 a year can't afford all that unless he's, say, running a billion-dollar Ponzi scheme. And that's exactly the crime that Rothstein, 47, has told a judge he'll plead guilty to later this month. Federal prosecutors have charged Rothstein with swindling investors out of $1.2 billion over the past decade, a scam in which he got them to plow money into lucrative, securitized lawsuit settlements that usually turned out to be nonexistent. The alleged crime wasn't as massive as New York City financier Bernard Madoff...
...were] ready with the money. It’s in the bank,” VanderClock said. “Then we discovered this problem with the land...