1.   Many firms had borrowed heavily to cover their losses, driving government banks into insolvency.

2.   Remember, though, that firms also borrow money by selling bonds.

3.   Although money may be available for firms to borrow and interest rates may be low, investment will not be increased because of pessimistic expectations.

4.   Because the firm had borrowed to the hilt, losses turned to disaster when creditors demanded their money.

5.   By allowing brokerage firms to borrow the securities in its clients portfolios, BGA gives customers the chance to make money on the stocks and bonds they own.

6.   Many lower-rated firms are also borrowing.

7.   Lower interest rates are less effective in stimulating demand because banks saddled with too many bad loans are reluctant to lend more and debt-laden firms cannot borrow.

8.   New government debt has become expensive relative to older issues in part because Wall Street securities firms are borrowing them and selling them on the bet prices will fall.

9.   Rising bond yields often hurt the stocks of securities firms, because they make it more expensive for the firms to borrow money for trading.

10.   That would allow Mexican firms to borrow more cheaply.