He has never owned a house and is drowning in medical debt attributed to hospital costs and doctors office visits to treat his failing health.
PAGE A18 NURSING HOME TO CLOSE Mounting debt attributed to inadequate Medicaid rates is forcing the Bialystoker Center for Nursing and Rehabilitation, one of the last major Jewish institutions on Manhattan's Lower East Side, to close after 82 years.
The debts were attributed to hasty expansion into noncore fields, beginning in 1998.
This would suggest that margin debt associated with short selling is much more than that of 2000, which is another way of saying that we are not at the euphoric levels of 2000, when a higher percentage of margin debt was attributed to borrowing to better leverage long stock positions.
For example, $5.8 billion of that debt is attributed to the fee-generating regional water and sewage system, owned by the city and servicing 40percentt of Michigan residents living in Metro Detroit.
The downgrade of MGIC's senior and short term debt ratings was attributed to the company's now higher debt to capital ratio and lower earnings to fixed costs relationship.
The problem with bad debt has been attributed to falling commercial property values.
The growth in household debt can be attributed, at least in part, to the growth in auto loan balances, which have increased for 26 consecutive quarters as a result of new loan originations.
Many economic, social and demographic changes of the last decade--smaller homes, more women in the work force, later and fewer children per family, adult children leaving their parents' homes later, a lower savings rate and higher consumer debt--are attributed at least partly to baby boomers adjusting to their financial predicaments, many experts contend.
Of those, $75 million could be attributed to debts which were more than 10 years old.
