Quoting the Crisis05/11/2009
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The same reckless lending that characterized the subprime mortgage business in residential was also characterizing what went on in commercial real estate in the mid 2000s.
Everything’s going in the wrong direction and I think we’re going to see quite a lot of tragedies in that sector.
„Boom2Bust.com » Blog Archive » Wilbur Ross: Commercial Real Estate Crisis Still Looms
Quote posted at 23:05
