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Meanwhile, Ms. Crandall, whose studio was still months from completion, was notified of a credit problem.
For example, the borrower might need to resolve a credit problem or come up with more cash to put down.
It is not a credit problem, but a liquidity problem where the funding cost is considerably eroding the running yield.
"By not issuing bonds, by taking on an intermediary like a bank," said Jesper Koll, who is chief economist at Merrill Lynch Japan and is typically upbeat about Japan's prospects, "you are basically saying one of two things: either you don't believe in the efficiency of the financial markets or you're admitting you have a credit problem".
He explains our current crisis as a credit problem because all forms of credit involve claims on the future.
It's essentially a credit problem; and it's one that Doug Ricket first identified in another industry entirely — solar energy.
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The consultant cited Mr. Willumstad's response to an underling who waited too long to point out a potential credit problem at a Citigroup unit.
She is the ambitious Vanessa Karen Olivoo, all legs and voice), whose ardent wish is to move out of the barrio; unfortunately she's got a mother draining her resources, and a serious credit problem.
It also brought a severe credit problem.
That could aggravate a broader credit problem, which in turn could slow investment and economic activity.
"Chapter 9 doesn't take away the difficult political decision-making needed to address a financial credit problem".
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