Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even BiggerTrade groups representing developers and commercial lenders are lobbying Congress for a bailout. They are saying that $530 billion dollars of CMS's (commercial mortgage backed securities) are coming due in three years and $160 billion dollars are coming due next year.
The kinds of buildings involved include office complexes, hotels, shopping centers and other commercial buildings. Much like home mortgages, these CMS's were bundled together and sold to third parties and just as the market for home mortgages collapsed, so too this market's refinancing has all but come to a standstill.
Delinquency rates, though quite low, have been rising up to .96% in November from .62% in September. Some analysts predict this will rise to 2% by the end of 2009.
We now have a new financial dilemma. Congress and the Administration were reluctant to bail out the auto industry. The question again is: should we do this for commercial lenders as well?
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Johnson & Johnson's Income Falls 23%
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Reader Comments (Page 1 of 1)
12-25-2008 @ 1:04PM
thomas eisenberg said...
i have an idea let's give 1 million of help to developers who give 10% of that , their net worth , back to the government. How can we help, bankers, developers, AIG, and not require exec's to give back the millions they have earned fraudently by having their boards ie good friends award them with crazy undeserved compensation. Forget bernie madoff, when is the dick fuld trial going to begin. Now wonder nobody has confidence in the stock market. Yes let's bail out steve roth at vornado and mort zuckerman both billionaires!! the craziness has to stop. Where is Obama!? why isn'
t he speaking out again executive compensation, make these people give back some of their compensation over the last 10 years if they want taxpayer help. tom