Relevant:
- Halabi Companies Fail to Fix Mortgage Bonds Default
- Australian Commercial Property Deals Are on the Rise on Growth, CBRE Says
- Goldman Sachs, Citigroup Plan $1.4 Billion Commercial Mortgage Bond Sale
- U.K. Banks Cut European Property Loans by $29 Billion
- Morgan Stanley Said to Lead Banks Prepping $8 Billion of CMBS
2009-10-22 — bloomberg.com
" Investors in the first U.K. commercial mortgage bonds to be liquidated since the financial crisis began may lose as much as 1 billion pounds ($1.6 billion) after values of properties backing the two deals collapsed."
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Comments:
catherine at 19:23 2009-10-22 said:
NOTICE THAT THEIR PENSION FUNDS HOLD A LOT OF THOSE LOSSES, :shock: SAD TO SAY, SO DO THE ONES OVER HERE. WE SEE A BILLION DOLLAR LOSS HERE AND A TENS OF BILLIONS OF DOLLARS LOSS THERE AND THE ONE PLACE THEY ALL ADD UP IN A BAD WAY IS OUR PENSION FUND SYSTEM. YOU THINK THE 25 MILLION AND RISING UNEMPLOYED ARE GOING TO GET PISSY, WOW WAIT UNTIL THOSE PENSION CHECKS START BOUNCING............. :shock: BUT HEY RUINING HEALTHCARE IS TAKING ALL OUR ELECTED OFFICIALS TIME AND ENERGY :roll: :roll: Permalinkadd a comment | go to forum thread
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