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Second, banks became extraordinarily comfortable lending aggressively to these industries because of the franchise value that existed in the broadcast licenses, cable franchises and print mastheads.
"How do you create a huge portfolio of buildings that Deutsche Bank or Goldman Sachs feels comfortable lending five, ten million dollars to at five or six percent to install solar panels?" Even retrofitting all of the old boilers would make a significant difference, Baird added.
Banks then have to be comfortable lending to them at low rates.
Mrs. Herson: No offense, sir, but I really don't feel comfortable lending you my car.
While Kinder Morgan carries a junk-level credit rating, Barclays felt comfortable lending to a longtime client with a strong management team.
Some lenders are more comfortable lending for property with tenants in place, said John Manning, a Brooklyn mortgage broker, while vacant buildings would be fine with others.
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Ray Boulger of mortgage broker John Charcol said: "Lenders are becoming more comfortable about lending now that the property market has stabilised.
And that, Ms. Lewis said, will make secondary lenders much more comfortable about lending to co-op shareholders, even if another lender is holding the stock and lease.
For the same reason, the financial markets should be reasonably comfortable with lending the government the money it needs to build, say, a new high-speed rail link.
But while banks are becoming more comfortable about lending to each other — probably the result of a spate of government bailouts and other actions to support world banking systems (See "Rate Cuts Around The World"), investors keep pouring money into safe-haven government-bond investments.
"While you'll appreciate I cannot go into customers' finances with you without their permission," it states, "can I assure you that, as with all our customers, credit checks were undertaken and BrightHouse is comfortable it is not lending Mr Brown more than he can afford".
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com