Get ready for cascading defaults as commercial real estate being run into the ground. The trend of walking away from commercial mortgages is just beginning.

by Simian_Stacker lololololol pic.twitter.com/9eHXg1CN6v — KKGB (@INArteCarloDoss) June 6, 2023 Banks Cutting Losses on Distressed Office Loans  Earlier this year, RXR dropped a bomb on New York commercial real estate. CEO Scott Rechler signaled that his firm might hand lenders …

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Fed likely to pause tightening despite being half way home

by confoundedinterest17 Don’t kid yourself. The talking heads at The Federal Reserve (more like Feral Reserve) are only about halfway there in terms of rate hikes. There is still over $8 trillion in monetary stimulus sloshing around the economy. The Taylor Rule implies a target rate of 10.12% while the current target rate is just over half …

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Barclays offered and sold $17.7 billion in securities, SEC requests an extension.

by Dismal-Jellyfish https://www.sec.gov/litigation/admin/2023/34-97632.pdf Source: https://www.sec.gov/litigation/admin/2023/34-97632.pdf In the Order, the Commission found that BBPLC failed to put into place any internal control around the real-time tracking of securities being offered or sold off of its Commission-registered shelf registration statements. As a result of …

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