Insolvent tenants openly defied the collector of the waterrate from their ten-roomed strongholds, and existed for weeks without any visible means of procuring that necessary fluid.
Its support--lending against securities worth as little as two-thirds of the loan value--should prevent any remotely solvent institution from going under wherever interest rates end up.
At the same time, the budget outlook for the nation's Social Security program remains unchanged. It is projected to stay solvent until funding runs out in 2033.
And I might note that for anybody here from Congress this morning, first of all, we're really counting on you to ensure that we're solvent a week from now.
While this decline could be offset totally or in part by increased financial leverage at low interest rates, most investors would shun leverage because it also increases liquidity and solvency risks.
The town had long been known for its feudalism-like dynamics, where old families held onto power and wealth, while people like James, a simple laborer, strived hard just to maintain solvency.