the Pentagon simply failed to anticipate the magnitude of the challenge that we face there.
Editor's note · Context
Critiquing the planning and response to the situation in Iraq.
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We have been hoping that this clearing process would take place, that we would get footing under the real estate sector.
I was not long ago--Jeff Merkley was here a while ago--a city that was in real trouble, and, again, with a light-rail system coming in, they made some very intelligent decisions.
Well, and if they have to be focused on capital preservation, then obviously they are not lending, and that is yet another drag upon the recovery, isn't it?
I will make one comment I do not expect you to respond to, but a skeptic might look at all this and say what was really at work here was a choice between an eventual orderly restructuring or a disorderly restructuring that could have been…





