Despite all the kvetching over Trump overvaluing his real estate by the NY Attorney General, NYC is desperately keeping their vacant office buildings propped up so the government's property tax revenue doesn't get slashed. To a Keynesian, deflation is death.
The only good news is that jew-hunting granny killers like Bill DeBlasio won't be able to profit off of seizing properties he intentionally bankrupted.
To nobodies surprise, they got a 1billion 'investment' from some firms with 450mil or so coming from Steven Mnuchins firm, which is the former treasury secretary, was a Goldman Sachs Partner, founded a Art Gallery (totally not for laundering money like rich cunts always do) and all the usual stuff you find linked to peeple like him.
I kinda feel like there should never bee "short circuits" in the stock market. You're either in it, or your not. If everybody is dumping their funds, and they are idiots, you should be buying stock.
Just in time for the one year anniversary of the last banking crisis.
The economy is so strong, we've had, like, a dozen bank failures.
"no more financial crises ever again" janet yellen doing her best
Line can only go up!
Commercial Real Estate losses have been hidden by most big banks. Looks like NYC Bancorp could go bankrupt today.
Commercial real estate normally only pay interest- so the massive principal outstanding remains unchanged year after year….
They had previously refinanced at maturity.
Now nobody wants to touch these buildings. So they “extend and pretend”
Despite all the kvetching over Trump overvaluing his real estate by the NY Attorney General, NYC is desperately keeping their vacant office buildings propped up so the government's property tax revenue doesn't get slashed. To a Keynesian, deflation is death.
The only good news is that jew-hunting granny killers like Bill DeBlasio won't be able to profit off of seizing properties he intentionally bankrupted.
To nobodies surprise, they got a 1billion 'investment' from some firms with 450mil or so coming from Steven Mnuchins firm, which is the former treasury secretary, was a Goldman Sachs Partner, founded a Art Gallery (totally not for laundering money like rich cunts always do) and all the usual stuff you find linked to peeple like him.
Yea, the "pending news" is apparently "they got more money".
Stock's already up again above yesterday's value: https://www.wsj.com/market-data/quotes/NYCB
Reminder that a lot of this is being orchestrated by the biggest national banks in order to consolidate control over the financial sector.
I kinda feel like there should never bee "short circuits" in the stock market. You're either in it, or your not. If everybody is dumping their funds, and they are idiots, you should be buying stock.
Circuit breakers are for Important People to offload their massive bags on retail normies after hours.
Correct.
Idiots shouldn't have sold my mortgage.