Word: underated
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"From a public policy standpoint, you can make a strong case that it is not desirable [for Wall Street money to be in this market], and equally strong you can say that housing regulators or authorities in New York and most other cities have been asleep at the wheel for...
In the end, though, many new owners have been unable to meet their overly ambitious rent roll increase targets, and many of these investments are in danger of buckling under the high debt servicing costs. Finance industry watch lists are already full of private-equity-financed deals in danger of...
More than a year after the start of the credit crisis, financial firms seem far from fit. And that has some analysts and strategists worried that the economic recovery that most people assume is under way will be slower than expected.
Many had expected the earnings at financial firms to drop in the fourth quarter of 2009. A number of the biggest firms at the end of last year rushed to repay the tens of billions of dollars they had received under the government's Troubled Asset Relief Program. Analysts said...
Yet the leaders of the two-month Pentagon review, former Army Secretary Togo West and the Navy's onetime top admiral, Vernon Clark, told reporters last week that they didn't drill down into Hasan's motives. "Our concern is with actions and effects, not necessarily with motivations," West said...