Due to the realities of a constrained credit market, petitioners were unable to secure financing that would allow them to proceed with the completion of their plan to build a residence on the property.
Unfortunately, Republican intransigence, their insistence that millionaires and billionaires get tax cuts, has prevented the completion of an agreement on a balanced plan.
Others familiar with Hester's thinking said he would almost certainly stay at least until 2014, the scheduled completion of his five-year turnaround plan for the bank.