The Federal Reserve said today that it will expand a key lending program to support existing commercial real estate loans, broadening the central bank's rescue of the financial system to deal directly with some of the assets weighing down banks.Hum...
Starting in July, investors participating in the "Term Asset Backed Securities Loan Facility" will be able to purchase existing securities backed by loans for apartment complexes, office buildings, retail shopping centers and other commercial property. There are currently few buyers or sellers for these assets, called commercial mortgage-backed securities, even those that are generally regarded as safe investments.
[ cf Federal Reserve to Widen Commercial Real Estate Lending Program ]
Clearly ONE MORE CASE of why the jimmy carter residential crush freedom act is causing the nationalization of the commerical real estate, because the banks were forced to make risky loans to unqualified home owners!
When they start nationalizing commercial properties can the Gay HomoZeXual Marriage Agendanista be far behind?
Thus nancii Pelosii must confess to all of her Evil Wicked Whiley Wanton Ways.