[junta]

Generally Republican donors I do believe.

[DuncanWaring]

Ping.

[Freddd]

Dictatorship.

[perfect_rovian_storm]

Good. Let all of the damn zombie banks die, so we can get prices down where they need to be to start fixing this mess.

[Wolfie]

‘Bout freakin’ time. But let’s see if they follow through.

[afraidfortherepublic]

Ping

[ridesthemiles]

Another Friday- Another round of banks that will close.

[Wyatt's Torch]

On the comparison to the Residential crisis -

a) The government had not ever mandated “affordable strip mall space”

b) Consequentially, there was never the creation of exotic derivatives such as MBS’s and CDS’s that measured in the 10’s of TRILLIONS of dollars

c) While non-res construction will likely be down 15%+ next year and ~5% in 2011, the unwinding/workout of those loans will not result in a financial catastrophe that would have happened if the residential securities had been allowed to unwind in an unchecked manner.

[KarlInOhio]

The Fed is probably also signalling that it is not going to do wholesale bailouts of commercial real estate loan market, the way it did to parts of the mortgage securitized sector.

I guess that means that Goldman Sachs is not heavily invested in commercial real estate loans (or even has shorted them).

[FromLori]

Related

http://www.zerohedge.com/article/fed-abandoning-bailout-commercial-real-estate

http://www.zerohedge.com/article/wilbur-ross-beginning-huge-crash-commercial-real-estate