Inside Look – Commercial Real Estate’s Impeding Doom – Bloomberg
Posted on November 16, 2009
Filed Under real estate | 3 Comments
Housing Crisis – Analysis and Discussion with Harrison LeFrak of LeFrak Organization: Commercial Real Estate is in a Slow-Motion Car Crash; No Green Shoots Ahead (Bloomberg News)
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Hopefully the industry will continue with it’s upward momentum…
When I became Chairman of the FDIC in 1981, the FDIC’s financial statement showed a
balance at the U.S. Treasury of some $11 billion…
Isaac: Don, I’d like to come over to look at the money.
Regan: What money?
Isaac: You know . . . the $11 billion the FDIC has in the vault at Treasury.
Regan: Uh, well you see Bill, ah, that’s a bit of a problem.
Isaac: I know you’re busy. I don’t need to do it right away.
Regan: …. /watch?v=3RREQjPc71Y
How about borrowers not waiting for the 5-yr maturity to hit in 2010? An example is MPG which was unable to service its loans and gave keys back to lender.