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After the banks get bailed out this time....

Discussion in 'Sports and News' started by poindexter, Feb 6, 2009.

  1. poindexter

    poindexter Well-Known Member

    They are going to need another bailout. Again.

    The credit agencies (Moody's - a POS company in and of itself) are now starting to review the ratings of $302.6 billion in commercial mortgage-backed securities as real-estate values drop and property owners fall behind on payments.

    This is commercial property, not residential (you know, all the land that the empty Circuit City stores and Chevy dealerships are standing on)

    In case you haven't been paying attention the past year, the following will happen:

    1) Reviews of the securities
    2) Downgrades
    3) Bank write-downs
    4) CNBC shocked at the losses
    5) Cries for more bailout money

  2. Football_Bat

    Football_Bat Well-Known Member

    Folks have been saying for months commercial real estate is the next shoe to fall.
  3. PeteyPirate

    PeteyPirate Guest

    It's falling. Some of it on my head.
  4. Grimace

    Grimace Guest

    Who cares? Just let me know when my rebate check is coming. Them PS3 games aren't cheap.
  5. Mark2010

    Mark2010 Active Member

    Yep, when all the stores go out of business, there isn't anyone left to pay the rent. Here in Shitsville, the mall is half empty and rumours abound it is going to close for good any day now. Why not just turn the place into a homeless shelter?
  6. poindexter

    poindexter Well-Known Member

    Will your mall make the list?

  7. DanOregon

    DanOregon Well-Known Member

    Found it surprising that some of the banks have already paid back several million of the the bailout funds they already received.
  8. Some Guy

    Some Guy Active Member

    When I get my check, I'm gonna march straight down to Circuit City and buy some.

    Oh wait.
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