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re: A debt 'time bomb' looms for New Orleans' downtown office market
Posted on 3/21/24 at 8:06 am to udtiger
Posted on 3/21/24 at 8:06 am to udtiger
quote:
This could make the S&L crisis in the late 80s look like a popcorn fart.
Correct!
AND…this debt has been chopped up and marketed as derivative instruments as well, no?
Posted on 3/21/24 at 8:08 am to Warfox
quote:
AND…this debt has been chopped up and marketed as derivative instruments as well, no?
I don't think so, but someone can correct me.
These loans are renegotiated too often to be used in that way, I'd think.
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