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America is in default since there are nearly 13,000 Americans who have been denied or discharged from the military since the enactment of Don't Ask, Don't Tell.
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But Shirley Norton, a bank spokeswoman, said Freed had been in default since "at least" March 2008.
The paper has been in default since June, when it began missing payments on its smaller junior debt.
In a surprise announcement on September 2nd, she promised to repay the $6.7 billion that the government owes the Paris Club group of 19 sovereign creditors, most of which had been in default since the country's financial crisis in 2001-02.
Very often it is in default.
Vast swathes of these corporate debts have been in default ever since the financial crisis of 1997-98.
Notice of Default is very clear: you have defaulted, you are in default, you are defaultive.
This follows since both banks are in default and faced with bankruptcy costs.
In Nevada, for example, 16.2percentt of home loans were in default -- more than four times the rate of North Dakota -- but down 20percentt since the same time last year.
Since it was created in August, that program has helped about 2,000 homeowners who were in default because of increases in their adjustable interest rates.
But it's been empty since it was declared open for business nearly two years ago, and the construction loans are in default.
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