January 09, 2009
– Comments (3)
When I was in the top spot my warning was about the commerical real estate. Well, the dire numbers are coming in...
Family Dollar can't move into every empty space.
The back story is that most banks by mid-2006 were using the same liar loan approach for commercial loans that they were using for residential properties, and that these types of loans represented at least 30% of their portfolios.
I'm heavily shorting regional banks and mall/office REITs. Consumers are broke, the government cannot force banks to keep lending people who have no job and savings.