No one knows the market price or the true level of bad loans.

The bad loans for the project cost the public $4 million.

This cannot continue because bad loans have already become a serious problem.

The bank lost most of its capital on bad loans last year.

There are no bad loans to write off, for example.

Bank officials said most of the bad loans were for real estate.

Bad loans rose $65 million to $2.84 billion in the quarter.

One bad loan can take the whole profit off the job.

In that period, the bank set aside $117 million for future bad loans.

Since the Government has agreed to take on the bank's bad loans, their value is critical to the deal.