Looks like “flattening the curve” was the match that lit the flattening of the commercial real estate market. Kind of ironic really that a NYC real estate tycoon struck the match.
You can bet most of the real estate developers left holding the bag gave a lot of big donations to the Democraps.
That's why one can expect them to bailed out by the feds on our dime, just like Silicon Valley Bank's (SVB) larger depositors were bailed out.