To: Lorianne
Sounds like Zell and the Blackstone Group are smart cookies. good for them. Bad for the morons who bought overpriced properties when it was clear to all the bubble was bursting. Unfortunately I heard on CNBC that Geithner wants to give some TARF money to commercial landlords. Mistake! What ever happened to selling at a loss and moving on?
13 posted on
02/13/2009 7:10:03 PM PST by
FreepShop1
(www.FreepShop.com)
To: FreepShop1
If they (our government) don't let this happen they are going to make a disaster out of a bad situation. I heard tonight that the government was going to subsidize home mortgages, another really bad idea. Prices will never adjust of they interfere in the market. They have to know that they screwed it up to begin with even if they won't admit it.
15 posted on
02/13/2009 7:20:47 PM PST by
WHBates
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