As you heard last night, that's why we're putting in place the policies that will enable us to reduce thedebt we inherited and deal with the spending required to keep us from falling off the cliff this year.
The Massone-led Italian consortium took control of Livingston last summer and the present chairman has blamed debt problems inherited from previous owner Pearce Flynn for financial problems that plagued them throughout last season.
He inherited chaos: the world's biggest debt default, the collapse of a currency board which had pegged the peso at par to the dollar for a decade, an unremitting recession that began way back in mid-1998, a freeze on bank savings and an angry populace.
The retiree, Charles Ash, had inheritedthe scrapbooks from his parents, who had received them as partial payment for a debt from Sneden's nephew during the Depression.