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Whole neighborhoods are in foreclosure, and Florida's vaunted growth machine has shut off.
For the moment, the machine has shut down for the winter.
Similar(58)
The consumer is strapped and the ATM mortgage-machine has shut down because they can no longer refinance their home at lower rates or higher values.
Some 84 Barclays branches have had sophisticated automated machines installed and the bank has shut around 50 branches in the past 18 months.
The shipyard has shut too.
JAPONAIS has shut its doors.
GalleryPlayer has shut down. .
Eyespot has shut down.
Lucent/Bell Labs has shut down.
The machine has been shut down for two years, after it found the Higgs Boson.
Given that the commercial mortgage-backed securities machine has essentially shut down and major players like Lehman Brothers and Bear Stearns are gone, refinancing debt is going to require some conversion to equity.
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