Property Developers Request Bailout - GoFuckYourself.com

EscortBiz · 12-22-2008, 09:28 AM

whos next

http://biz.yahoo.com/cnbc/081222/28346350.html

Some of the biggest U.S. property developers are asking for government money in the face of $160 billion in maturing commercial mortgages next year, the Wall Street Journal reported Monday.

About $530 billion in commercial mortgages are due for refinancing over the next three years, with $160 billion due for payment next year, according to Foresight Analytics, the Journal reported.

And with credit hard to come by and cash in commercial property drying up, companies want government assistance.

Unlike home mortgages, commercial mortgages typically run for 10 years at most and have big cash payments due at maturation, the paper said.

"Right now, we believe there is insufficient systemic capacity to refinance expiring, performing commercial real-estate loans," a dozen real-estate trade groups wrote in a letter to Treasury Secretary Henry Paulson, according to the Journal. "For many borrowers, (credit) simply is not available."

The industry is asking to be included in the government's new $200 billion loan program intended to salvage the market for car loans, student loans and credit-card debt, the paper said.

Honez · 12-22-2008, 09:31 AM

Good grief.

pornguy · 12-22-2008, 09:32 AM

So what happened to the Profits they made all along? What idiot banks gave them loans on PROPERTY alone????

FUCK THEM.

B2BwithJoeD · 12-22-2008, 09:38 AM

We haven't even seen the beginning of the bailout soup line ...

The only professions you won't find in the lines will be creative accountants and trial lawyers...

Kudles · 12-22-2008, 03:59 PM

Geez not this crap again

12-22-2008, 09:28 AM	#1
EscortBiz Fuck Checks, CASH only! Join Date: May 2002 Location: New York City Posts: 19,422	Property Developers Request Bailout whos next http://biz.yahoo.com/cnbc/081222/28346350.html Some of the biggest U.S. property developers are asking for government money in the face of $160 billion in maturing commercial mortgages next year, the Wall Street Journal reported Monday. About $530 billion in commercial mortgages are due for refinancing over the next three years, with $160 billion due for payment next year, according to Foresight Analytics, the Journal reported. And with credit hard to come by and cash in commercial property drying up, companies want government assistance. Unlike home mortgages, commercial mortgages typically run for 10 years at most and have big cash payments due at maturation, the paper said. "Right now, we believe there is insufficient systemic capacity to refinance expiring, performing commercial real-estate loans," a dozen real-estate trade groups wrote in a letter to Treasury Secretary Henry Paulson, according to the Journal. "For many borrowers, (credit) simply is not available." The industry is asking to be included in the government's new $200 billion loan program intended to salvage the market for car loans, student loans and credit-card debt, the paper said. __________________ Spanking, Medical Fetish, Sleeping, Strap-on Anal Lesbians, Girls Fucking Guys, Handjob site REAL HOT, Shemales, Anal and Ass Licking sites 100% Real EXCLUSIVE with amazing retention, ccbill payouts, lots of content FREE FTP HOSTING Promote the largest and oldest member paid escort site, Converts 10 times better then any dating site, CCBill payouts ICQ# 158802076

12-22-2008, 09:31 AM	#2
Honez Confirmed Brat Industry Role: Join Date: Apr 2003 Location: Colorado Springs, CO Posts: 6,636	Good grief. __________________ Your Paysite Partner Hone at YourPaysitePartner dot Com Skype - Stressmonkey

12-22-2008, 09:32 AM	#3
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12-22-2008, 09:38 AM	#4
B2BwithJoeD Confirmed User Industry Role: Join Date: Apr 2004 Location: PayoutMag.com Posts: 1,390	Europeans Billing Europe! We haven't even seen the beginning of the bailout soup line ... The only professions you won't find in the lines will be creative accountants and trial lawyers... __________________ BLOG IT! How Will You Spend Your 2014 Profits? - PayoutMag.com Ask me About - Unique Processing and Marketing Solutions - Your Only Risk Is More Revenue!

12-22-2008, 03:59 PM	#5
Kudles Confirmed User Join Date: Feb 2003 Location: Here There and Everywhere Posts: 5,477	Geez not this crap again __________________ Free to Play MMOs and MMORPGs