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2009-08-26 — ajc.com
``The dirty bomb of commercial real estate hasn’t detonated yet, though many of us expected it by now. Part of the delay has been the unexpected sleight of hand the Fed and Treasury performed in doling out money to the banks rather than forcing them to deal with their bad loans. ''
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Comments:
catherine at 03:52 2009-08-27 said:
THEY are just kicking the can down the road but with unemployment raging there is no doubt that sooner rather than later the piper needs to be paid.............. the dole out of money is going to get scarcer and scarcer. These marches are not just about healthcare, they are mad about the trillions being handed to dead banks and everyone BUT THE PEOPLE (I know they threw some car and house morsels). The little guy is begging for their unemployment in 30 states and JP Morgan is profitable, THE PEOPLE ARE GETTING IT........... and FDIC and AIG are first in line............maybe there will be some crumbs for commercial in the winter but the companies will be gone by then. Just like propping up people who can't afford their homes with other people's tax money, it is a mistake to prop up loser commercial entities......... PermalinkMortgageDrummer at 20:27 2009-08-27 said:
[size=24:b9f53ac255][/size:b9f53ac255]TIC... TOC ... TIC... TOC... Commercial real estate. . .??? When do you think that will show up. .??? before or after the residential??? May I see their (the banks) schedule of real estate? I had to disclose mine when all I wanted was . . . How come they don't have to disclose??? We the tax payers are paying for this now. . don't we have a right to know what their DTI is ??? Can "they" go full doc???? or is this another stated loan? How about a CPA letter saying they are solvent, solid and a good company to lend to. . . . It's absolutle outrage!!! Permalinkadd a comment | go to forum thread
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