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12-27-2009, 09:40 PM #1
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Commercial Real Estate Holders Decide to Walk Away
Commercial Real Estate Holders Decide to Walk Away: The Continuing Double Standard from the Banking Industry. Debt Ceiling Raised to $12.4 Trillion Making Room for more Bailouts.
* Posted by mybudget360 in bailout, banks, commercial real estate, corporate power, economy, i-banking, real estate
* 0 Comments
There will be many new financial stories in 2010 but one that is certainly to garner much attention is the implosion of the commercial real estate market. A $3.5 trillion market that has taken it on the chin alongside the residential real estate market. The commercial real estate debacle usually follows a similar pattern. Residential real estate pulls back followed by commercial real estate. But in this massive decade long real estate bubble commercial real estate debt ballooned into uncharted territory. The bust is going to be deep and has no parallel in history just like the housing bubble bursting. Yet the U.S. Treasury and Federal Reserve have already had backroom talks about coming out with a “Plan Câ€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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12-27-2009, 10:16 PM #2
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It is amazing that the financial giants never could imagine that anything could possibly go wrong and something would pull out the foundation of their house of cards.
First there was the arrogance of leveraging $1 in the coffer into a $30-dollar loan. And then it was crawling to the American taxpayer for correction of their stupidity. And both Paulson and Geithner have gone along with it, while Bernanke is keeping interest rates to the fat cats at zero, and we are continually borrowing money from the rest of the world, something which future generations will still pay interest on.Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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12-27-2009, 10:19 PM #3
Same thing that the banksters did before the Great Depression. Profits they kept, losses were passed on to the American People. The main difference was the industry, and the resilient economy, until the Fed caused the crash in 29, and the resultant Depression that they were supposed to prevent from happenning.
Illegal Immigrants in Denver Send the City A LIST OF DEMANDS
05-09-2024, 05:18 AM in illegal immigration News Stories & Reports