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August 22, 2008


Rubicon S

There was so much demand a few years back that they couldn't get enough originated - they would lend to anyone. If it said "Manhattan" it was even more of a bonus. Who cares who the borrower is, come on, Donald Trump defaulted before and look at him now, he is on TV!

Trustee Manager

In Washington, D.C., ruled that Myers had violated three separate rules of statutory interpretation. http://funds.blogtells.com/2008/06/02/the-trustee-manager-relationship/


I wish someone would explain to me how the Street CMBS deal machines facilitated new loans to new projects at ridiculous LTVs to borrowers who were in their "second acts", having defaulted big during previous cycles. Man oh man.

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