Is commercial property debt the next 'black hole'?

The only safe bet these days is to invest in the company that makes the printing presses that we use to magically create all this money.

How will we tell our kids and grandkids that our generation was simply too cowardly to take our medicine for our financial misdeeds and instead just passed this debt on to them by pretending that we could create enough money out of thin air to satisfy every special interest group. Is there no one in our government with the b*lls to say, "Enough is enough?"

There are people in Government who are willing to say enough is enough - we the people won't vote them in because we ant celebrities and only Democrats. Well, now we have only Democrats and if you thought e had a bad time with W - strap yourself in because we are ging to h*ll in a handbasket pretty darn quick. Things were not the bestwith W but this is not something the current administration inheritd from him. It is Democrat created and the current administration has had free reign to continue it's mission. We are seeing this administrations mess. They had time to correct it and undo it but they made it tremendously worse. The lying and cover ups that are currently going on are nothing short of astonishing and they don't have any Reublicans to blame it on (except the lame "we inherited this"). They are and will be exposed. They did not inherited it since alot of these problems were the Democtratic Congress doings. Bush had the war but this is a mess that a Demo Congress allowed to happen. They were only interested in getting their party electe - not working for the people. I don't like any politician and especially hate parties but I can't blame the Repubs for this as much as I can find blame for the Dems. The more peple say they inherited t, the more it seems like party politics rather than working for the people. I also thought it was to work for all the peope but it just sees like our Gov't only works for a single party.

Yes, I do seems like an illiterate which I am not - corrected:

There are people in Government who are willing to say enough is enough - we the people won't vote them in because we only want celebrities and Democrats -I guess we are now a one party system. Well, now we have only Democrats and if you thought we had a bad time with W - strap yourself in because we are going to h*ll in a handbasket pretty darn quick. Things were not the best with W but this is not something the current administration inherited from him. It is Democrat created and the current administration has had free reign to continue it's mission. We are seeing this administration's mess. They had time to correct it and undo it but they made it tremendously worse. The lying and cover ups that are currently going on are nothing short of astonishing and they
don't have any Republicans to blame it on (except the lame "we inherited this"). They are and will be exposed. They did not inherited it since alot of these problems were the Democtratic Congress doings. Bush had the war but this is a mess that a Demo Congress allowed to happen. They were only interested in getting their party elected - not working for the people.

I don't like any politician and especially hate parties but I can't blame the Repubs
for this as much as I can find blame for the Dems. The more people say that
they inherited it, the more it seems like party politics rather than working for the people. I also thought it was suppossed to work for all the people but it just seems like our Gov't only works for a single party.

Does it bother anyone else that Obama is acting like a rock star? Appearing on late night TV, cover of magazines, his 150 million inauguration, the most expensive ever.... the basking Obama is enjoying is unattractive for a sitting President in a recession.

The bonuses to AIG were condoned by Obama in the bailout contract. It was tax payers were outrage by those payments, that instigated Obama's false fury against AIG. How can he protest payments that were authorized by Obama to AIG? Geithner added a sentence to the AIG contracts stating bonuses were authorized, because in fact, Geithner was afraid of lawsuits by executives who were legally due their bonuses, if those bonuses were not paid. Obama is no more transparent in his actions then Bush was.

AIG was also one of Obama's biggest supporters (contributors) as a Senator and during his run for President. How impartial is Obama to AIG?

As far as commercial debt goes, it will be our next undoing.

Hmm? Perhaps you should talk to Carl Icahn? While all the talk is nice press and designed to bolster confidence, commercial property is a very real black hole. First, the building in this area was extensive. Second, it was backed by people with lots of loot. Third, it, like the rest of the real estate market, turned sour. This makes an interesting recipe as you have big money investors and banks, that would have otherwise not been too quick on the loan had it not been for the investor, all in the sinking boat. The majority of these projects were in the 3/4 mil. and up area and now that credit is both tight and being scrutinized, are doomed to failure. When the world comes to grips with how many luxury condo's, shopping centers and massive new city center projects that are now wastelands, the financial markets are going to be in for another "whammy". At the moment the dow and the rest of the world are riding another falsehood. For the better part of a year I have been forecasting June as the approximate time that a bottom will be achieved - I think that by than all the dirty wash will be on the line.
Thereafter, we only have to worry about the summer and the weather. In my little world, Nouriel Roubini is dovish for he has not considered weather cycles
Doubters have only to look to Australia and Argentina. They are in summer and we are next.