Archive - Nov 28, 2009
Bankers Want to Continue Protecting Us?
Submitted by Leo Kolivakis on 11/28/2009 22:42 -0500To claim that our pension system is working is simply ridiculous. The bankers will defend their profits but they're not delivering the goods at a reasonable cost.
Dubai: Floating on an Island of Debt
Submitted by asiablues on 11/28/2009 21:15 -0500On a global scale, Dubai World's debt problem seems relatively minor, but it illustrates the impact from one tiny country in an increasingly interconnected world. The Dubai news also cast doubt over the strength of the U.S. economic recovery, and the prospects for a bottoming of property prices.
Five CMBS Case Studies
Submitted by Tyler Durden on 11/28/2009 14:46 -0500Five easy to digest CMBS narratives courtesy of the BarCap CMBS team, which highlight why "extend and pretend" in the commercial real estate arena is doomed to fail, and why the longer the pain is postponed, the greater the ultimate loss to all stakeholders involved. The administration and the Fed are rushing against the value evaporation/debt inflation clock, and losing. The five properties detailed:
Shutters on the Beach & Casa Del Mar
The Belnord
Columbia Center
Schron Industrial
Tustin Legacy
Weekly Charts And Trends
Submitted by Tyler Durden on 11/28/2009 12:11 -0500Your weekly recap of European and Chinese action in a few easy charts (and some token conflicts of interest)
The Firecracker Report: Dubai Default Examined
Submitted by Tyler Durden on 11/28/2009 11:12 -0500This year's Thanksgiving turkey has arrived as a dud. While the U.S. markets were closed over the holiday, Dubai managed to pull the rug from under the global risk trade by announcing a 6 month moratorium on the debt of Dubai World. The state-sponsored Dubai World is an umbrella company that houses a portfolio of businesses, including Nakheel - the famous real estate developer of the Palm Islands.
Abu Dhabi [Unlikely to Pay All Dubai's Debts/Graciously Assisting Sovereign Brother] (Select One)
Submitted by Marla Singer on 11/28/2009 08:09 -0500
Interestingly, though implicit and Fanniesque guarantees by Abu Dhabi have always colored the pricing of Dubai's debt (along with the image, apparently exaggerated both in will and ability, of the virtually unlimited backing of Abu Dhabi's "$600 billion" sovereign wealth fund) most stories covering the Reuters disclosure this morning focus on the (so far ethereal) assistance Abu Dhabi will be giving Dubai, and not that which it will not.
DuBubble DuBurst
Submitted by George Washington on 11/28/2009 03:09 -0500Background to, and fallout from, Dubai debt crisis.






