Relevant:
- Commercial Property Losses Mount as Loan Servicers Triage Real Estate Debt
- How A Government Bailout Created Today's Commercial Real Estate Catastrophe
- Bank of America Says Losses Shift to Commercial Loans
- Hiding commercial real estate losses by laundering bad loans through the Federal Reserve
- Commercial Property Faces Crisis
2009-04-23 — bloomberg.com
``The Fed wrote down the value of commercial mortgage holdings by 28 percent to $5.6 billion and residential loans by 38 percent to $937 million as of Dec. 31, the central bank said in a report today. ''
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Comments:
taps65 at 14:25 2009-04-24 said:
Who cares about write downs if: - You print your own money - Unrestrained Criminal Usury and Extortionate means in extension of credit- Aided and abetted Privatizing gains and socializing losses. - Generation of slaves will pay for their crimes. - The sheeple are already under the spell of eugenics. Permalinkadd a comment | go to forum thread
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