Wall Street Bailout May Hammer Tenants

Wall Street’s mortgage and credit crisis will have a huge price tag and tenant advocates fear one casualty could be a swath of New York’s ... , tens of thousands of apartments could be in danger. Tenant lawyers specifically point to Resolution ... billion of bad assets (mostly commercial leases) and resold them to the private sector before [more...]

Date: 2008-10-03 15:36:45

Blog posts (4) | Videos (1)
 

Forward Into The Repug Past

I think that, unintentionally of course, David Brooks did us a favor in his New York Times column today (here) ... s really not much to see because it’s merely a sequel of the bad “movie” we had to endure ... tuition, up to $3,000 for child care, $7,000 for a clean car, a mortgage tax credit.(Also [more...]

Date: 2008-10-14 18:41:00

“We Were The Cool Guys.”

Watching the credit crisis destroy Wall Street this week, it was hard not to think of the mortgage episode of “This American Life, ... to a person with bad credit.  Glen Pizzolorusso (a mortgage broker in upstate New York): We rolled ... . You know, the little cocktail waitresses. You know so you order 3 or 4 bottles of those and they’re walking [more...]

Date: 2008-10-01 19:15:40

Rising Default Risk In Pro-Forma Commercial Loans

The bond market is reeling from rising default risk in Pro-Forma Commercial Mortgages ... Federal Credit Union in New York. “They were underwritten with outlandish expectations on rents ... are starting to turn bad. In New York City, Stuyvesant Town-Peter Cooper Village, a housing complex in downtown [more...]

Date: 2008-11-21 03:34:00

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