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So the Biden Admin announced today they are releasing $45B in fiat funny money to "convert" commercial real estate (CRE), into residential, to help a "housing crisis".
Translated: Commercial real estate is beinf bailed out, it's in trouble, so since we're heading into an election year the Biden Admin sees fit to bail it out.
Next up: Bank bailouts.
When will the Big Three bring their begging cups to the Beltway?
They are going to convert these to residential to house the millions of refugees and immigrants. Of course these firms can't afford the projects themselves, so the government will provide a bailout to help pay for them. About as expected from the ****stains that run this country. It's best not to get too upset by it, but just play the game by the rules the ****heads are implementing.
younger generations are going to pay for this. they need to understand that their future is being sold out from under them and will continue to be so unless they step up and get angry and vocal about it.. Biden admin is destroying the US systematically - probably on purpose.
Bail outs?, more like bail-ins; and they don't have to tell you which banks for 5 years.
That new rule came out this year, so investors/depositors don't even know; nor will they...which banks are in trouble.
Commercial mortgage backed securities have been an issue since last year, and began about the same time Jamie Dimon said there will be a banking crises. And he was right.
Bail outs?, more like bail-ins; and they don't have to tell you which banks for 5 years.
That new rule came out this year, so investors/depositors don't even know; nor will they...which banks are in trouble.
Commercial mortgage backed securities have been an issue since last year, and began about the same time Jamie Dimon said there will be a banking crises. And he was right.
younger generations are going to pay for this. they need to understand that their future is being sold out from under them and will continue to be so unless they step up and get angry and vocal about it.. Biden admin is destroying the US systematically - probably on purpose.
Wall street the banks and the private equity firms that are so deep in commercial real estate just continue to rip off the American taxpayer. It’s almost a ponzu scheme like fraud system setup where those that control the market can leverage up endless risk with no repercussions, they milk the loans the deals and the market for market on the transaction. Then when the devil comes due and time to pay up they get bailed out where smaller entities and individual consumers get f’d.
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