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| Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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12-22-2008, 09:28 AM
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#1 |
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Fuck Checks, CASH only!
Join Date: May 2002
Location: New York City
Posts: 19,422
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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.
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12-22-2008, 09:31 AM
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#2 |
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Confirmed Brat
Industry Role:
Join Date: Apr 2003
Location: Colorado Springs, CO
Posts: 6,636
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Good grief.
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12-22-2008, 09:32 AM
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#3 |
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Too lazy to set a custom title
Industry Role:
Join Date: Mar 2003
Location: Homeless
Posts: 62,911
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So what happened to the Profits they made all along? What idiot banks gave them loans on PROPERTY alone????
FUCK THEM.
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PornGuy skype me pornguy_epic AmateurDough The Hottes Shemales online! TChicks.com | Angeles Cid | Mariana Cordoba | MAILERS WELCOME! |
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12-22-2008, 09:38 AM
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#4 |
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Confirmed User
Industry Role:
Join Date: Apr 2004
Location: PayoutMag.com
Posts: 1,390
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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...
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12-22-2008, 03:59 PM
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#5 |
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Confirmed User
Join Date: Feb 2003
Location: Here There and Everywhere
Posts: 5,477
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Geez not this crap again
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Free to Play MMOs and MMORPGs |
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