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re: The actual upcoming real estate crisis. CRE loans and vacant office buildings
Posted on 9/26/23 at 9:36 am to Buryl
Posted on 9/26/23 at 9:36 am to Buryl
And now you have the real reason they want a return to the office. Workers who earned increased flexibility must sacrifice for the greater good to clean up the mistakes of idiot bankers.
Some things never change.
It was a Black Swan event, NO banker or person could have foreseen it. I have no love for the big banks but they did not cause Covid. Now the 2008 Crises- 100% on the banks and AIG et al.
Some things never change.
It was a Black Swan event, NO banker or person could have foreseen it. I have no love for the big banks but they did not cause Covid. Now the 2008 Crises- 100% on the banks and AIG et al.
1
Posted on 9/26/23 at 9:53 am to secfballfan
quote:
It was a Black Swan event, NO banker or person could have foreseen it. I have no love for the big banks but they did not cause Covid. Now the 2008 Crises- 100% on the banks and AIG et al.
Not only was it foreseeable, it was inevitable. And it isn't the job of taxpayers to cover businesses for not mitigating their risk. Failure is one of the most fundamental aspects of capitalism. We are quickly becoming a plutocracy.
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