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This position has made lawsuits against the raters exceedingly difficult to mount, a problem that Dodd-Frank was supposed to fix.
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It is hardest to mount a major effort while a problem still seems minor.
"There's just myriad problems" mounting a defense in a two-decades-old case, Mr. Russell said.
Klabal's cash-flow problems mounted, a situation familiar to many dealers who need capital to accumulate inventory.
But what is also true, says Katz, was that even before the Great Recession we had a mounting skills problem as a result of 25 years of U.S. education failing to keep up with rising skills demands, and it's getting worse.
Assuming one can see through the blindfold, he explained, the real problem is mounting a respectable game against a grandmaster.
But let's not kid ourselves that the solution to the problem is mounting a campaign to boot those four Democratic renegades out of office for being cowards.
Joan Altabe, an art critic who contributes to the Robb Report, said: "My problem with mounting a show of any kind in a casino -- especially in the Bellagio -- is that we are living in the age of reproduction, so people who go to these places are surrounded by all these fake sculptures, fake gold, fake everything made to look so real.
Los Angeles mounted a multipronged attack on the problem, first tackling emissions from the millions of cars on its road.
During the impassioned debate over a proposed European directive on software patents, opponents of software patents mounted a graphic demonstration of the problem, entitled the Patented European Webshop.
State officials who looked at the city's books found an alarming situation: no deficit elimination plan, a mounting debt problem and trouble making required payments to pension plans, in addition to the looming cash shortfall.
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