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"In terms of a financial borrowing entity, water companies look pretty impressive," said Kingdom.
Why not use the debt clock to keep an eye on our city and state long-term financial borrowing?
But other financial borrowing became the equivalent of government debt, at least as seen by the lenders.
Similar(56)
While Americans can borrow to deal with financial setbacks, borrowing is perilous.
FOR years, the American financial sector borrowed and borrowed.
Despite a lull in construction after the financial crisis, borrowing has continued to grow, Moody's data shows.
The Office for National Statistics said that for the first 11 months of the 2013/14 financial year borrowing was down £4.4bn on the same months last year to £99.3bn.
It seems likely that the result will be a contraction of financial sector borrowing, but so far that does not show up in the statistics.
After seven months of the 2014-15 financial year, borrowing is more than 6% higher than it was in the same period of 2013-14, despite being slightly lower this October than last.
I was hearing the same thing, with more specifics; as I wrote at the time, Well, what I hear is that officials don't trust the demand for long-term government debt, because they see it as driven by a "carry trade": financial players borrowing cheap money short-term, and using it to buy long-term bonds.
Another part of that legacy, of course, is Bank of America's role in the financial crisis, borrowing $45 billion in government bailout money and agreeing to pay $150 million to settle charges that it failed to disclose losses and bonus payouts at Merrill Lynch while acquiring the company in 2008.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com