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That's bad, but not as bad as when the commercial real estate lobby asked for a straight up bail out back in '08. > In a letter to U.S. Treasury Secretary Henr
by game_the0ry 4y ago
That's bad, but not as bad as when the commercial real estate lobby asked for a straight up bail out back in '08.
> In a letter to U.S. Treasury Secretary Henry Paulson, industry organizations have asked that the $200 billion Term Asset-Backed Securities Loan Facility (TALF) provide guarantees or financing, or purchase highly rated asset-backed securities collateralized by new or recently originated mortgages.
https://www.reuters.com/article/us-commercialproperty-idUSTRE4BL3ZD20081222 https://www.reuters.com/article/us-commercialproperty-idUSTR...