Word: problem
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...issue and winding up with IndyMac, where you're now doing mass loan modifications? I came to it as a consumer issue. In 2001 [Senator] Paul Sarbanes asked me to read this HUD/Treasury report on predatory lending. I was pretty appalled. I was convinced that there was a real problem, but we thought it was more from a micro-consumer standpoint. Something national and systemic - I don't think that ever entered any of our thoughts. We put together a group of industry people and consumer groups to develop some best practices. We had to rely on voluntary measures because...
...facing a liquidity problem, a solvency problem and a macroeconomic problem. We are in the first phase of a downward spiral. It is, of course, part of the inevitable process of adjustment: returning housing prices to equilibrium levels and getting rid of the excessive leverage (debt) that had kept our phantom economy going...
...White House, and in that panic, they had a hard time figuring out what to do. The weeks that Paulson and Bush spent pushing Paulson's orignal bailout plan - in the face of massive opposition - were weeks that could have been spent actually fixing the problem. At this point, we need a comprehensive approach. Another failed faint attempt could be disastrous. Here's a five-step, comprehensive approach...
...money in. Thirdly, is it enough money? The banks are so nontransparent that no one can fully answer the question, but what we do know is that the gaps in the balance sheet are likely to get bigger. That is because too little is being done about the underlying problem...
...were presented in isolation. “Mental health is not an area by itself. I can’t see how it cannot be built into the current initiatives we have,” she said. Both Reeves and Wong noted that Cambridge may also have the unusual problem of over-supporting its students. Reeves said that students who graduate from the highly supportive atmosphere of the city’s high school often feel alienated outside the school’s support system. “There is this syndrome,” Reeves said...