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re: First 17 actions by Biden released by CBS
Posted on 1/20/21 at 1:09 pm to VADawg
Posted on 1/20/21 at 1:09 pm to VADawg
The shitstorm that is coming to banks heavy in CRE is going to be unbelievable. The CARES Act suspended certain accounting issues and banks are burying their heads in the sand. Of course there are few delinquent loans because the CARES ACT allowed banks to push due dates without calling them delinquent.
At some point the loans are going to have to be paid back or the market will be saturated with CRE and values will plummet. This has the potential to be 2008-2011 on steroids.
At some point the loans are going to have to be paid back or the market will be saturated with CRE and values will plummet. This has the potential to be 2008-2011 on steroids.
This post was edited on 1/20/21 at 1:10 pm
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