Archive for 04/2010

Murder City (Ciudad Jua?rez nickname)

Ciudad Juárez (across the Rio Grande from the Texas city of El Paso) achieved the nickname "murder city" in 2010, with the publication of the book Murder City: Ciudad Juárez and the…

Delay-and-Pray

"Delay and pray" is what a lender might do with a "toxic" asset, such as a mortgage. A bank doesn't want to foreclose and take possession of the property, so it often…

Extend-and-Pretend

"Extend and pretend" is what a lender might do with a "toxic" asset, such as a mortgage. A bank doesn't want to foreclose and take possession of the property, so it often…