Richard LeFrak Not Optimistic On CRE

Richard LeFrak on the long, hard path before commercial real estate (and he should know). Also, in a stunning development Ivanka explains CMBS (which she undoubtedly learned from fiance Jared Kushner who knows all about CMBS and 666 Fifth Avenue)
hat tip The Inoculated Investor
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on Fri, 08/14/2009 - 16:54
#37388
Rating Trump...parade the shiksa...
on Fri, 08/14/2009 - 16:54
#37390
But, but, I thought that Jim Cramer and the rest of the CNBS clowns said that everything was A-OK?! What about the green shoots? Who is going to pay for healthcare reform?
on Fri, 08/14/2009 - 16:54
#37391
There is a certain level of annoying pompousness that just permeates that woman...
on Fri, 08/14/2009 - 17:00
#37400
it's genetic (although to be fair it is muted in comparison to her father).
on Fri, 08/14/2009 - 17:52
#37449
good point
on Fri, 08/14/2009 - 19:27
#37550
so true
on Fri, 08/14/2009 - 16:56
#37395
IVANKA is the biggest fuckking TWIT!!
Somebody pass the BARF BAG!
on Fri, 08/14/2009 - 19:54
#37473
Why doesn't the Fed just put one of those money making terminals on Shiela's desk?
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
on Sat, 08/15/2009 - 07:27
#37763
Take your spam and cram it up your ass
on Fri, 08/14/2009 - 16:57
#37397
Ivanka, the plastic wonder doll. Sorry honey, but keep your yapper closed on matters financial. You are about the last person we would ever listen to in that regard.
on Fri, 08/14/2009 - 16:58
#37398
Trump--Trying so hard to sound knowledgable, and yet utterly vapid. Like a Stepford wife or something.
on Fri, 08/14/2009 - 18:23
#37494
Stepford wife sums it right up. Nice.
on Sat, 08/15/2009 - 13:11
#37851
Is Ivanka ever gonna pay back those investors that SHE walked away from on the abandoned Baja tower project? Highly doubtful. Shut yer yapper... cubed !!!
on Sat, 08/15/2009 - 15:02
#37870
I had missed that one; some dear "buffet of sirloin tip and fish tacos". There is something quite unappealing about that particular combination, not to mention the format...
http://articles.latimes.com/2009/mar/07/business/fi-trump7
and after that read this, for perspective:
http://articles.latimes.com/2006/dec/09/business/fi-trump9
on Sun, 08/16/2009 - 01:28
#38095
"I did it in less than a minute," said Mendoza, an administrator in the Los Angeles County Office of Education. "I remember my head was hurting and thinking, 'My God, what was that?' I was thinking maybe I should have asked questions. It was like a roller-coaster ride."
Interesting...thanks for the links.
The comment above pulled from the first article linked about sums up how we ended up where we are now.
on Fri, 08/14/2009 - 17:14
#37414
Even I can tell Ivanka is not someone to liten to. Perhaps that is why CNBC chose her as the equal time counter weight to the Friday after market segment.
on Fri, 08/14/2009 - 17:14
#37415
CNBC!! Why would you have this Barbie Doll DOLT on-air? Arent you feverishly trying to regain some credibility after being bought and paid for by your Wall Street masters?
Yeeeah- A Trust Fund Dumb A$$ Trump. That oughta do it!
on Fri, 08/14/2009 - 17:16
#37418
Poor LeFrack! He was trying so hard to ignore Ivana's whining questions. Ick. How hard would it be to be on the same set with this poodle?
on Fri, 08/14/2009 - 17:21
#37422
At least she hasn't resorted to leaked videos of her sword swallowing abilities. I'll give her some credit, even thought she is quite long winded. Lots of words cummulating in nothing of any substance.
on Fri, 08/14/2009 - 17:21
#37423
I am not so optimistic either ... so gun those REITs boys !
on Fri, 08/14/2009 - 17:33
#37434
"If you look at the residential market, they have Fannie and Freddie. Fannie and Freddie underwrite things in a relatively conservative way... There is no such thing as Fannie and Freddie for retail, office, hotel. And our industry became reliant -- maybe foolishly -- on this mortgage securitization".
Richard, first off there was nothing conservative about FNM and FRE underwriting. Secondly... yeah.. ya think?
on Fri, 08/14/2009 - 17:34
#37435
"If you look at the residential market, they have Fannie and Freddie. Fannie and Freddie underwrite things in a relatively conservative way... There is no such thing as Fannie and Freddie for retail, office, hotel. And our industry became reliant -- maybe foolishly -- on this mortgage securitization".
Richard, first off there was nothing conservative about FNM and FRE underwriting. Secondly... yeah.. ya think?
on Fri, 08/14/2009 - 17:35
#37437
when he said "all cash" that shut her down...
on Fri, 08/14/2009 - 17:58
#37459
So what's new??
on Fri, 08/14/2009 - 19:54
#37471
lol...my fav is a black russian...why add cream/milk?? Just mix the booze together and get started...
good articles; good articles 4 slow news day ..http://www..
hat tip: finance news & finance opinions
on Fri, 08/14/2009 - 18:08
#37478
If you scraped off that glacier thick layer of makeup would you still find a shiksa hiding underneath or a troll....?
on Fri, 08/14/2009 - 19:02
#37528
it is not like he revealed anything either
on Fri, 08/14/2009 - 19:04
#37530
....hell's wrong with that Iskanka's lips???
on Fri, 08/14/2009 - 20:13
#37578
Ivanka made some very good points, especially about the sliced-and-diced lenders not negotiating. She's attractive, smart, and self-confident and that seems to turn you guys off.
Maybe you would have liked the 98% guaranteed return of the Bend and Snap
http://www.youtube.com/watch?v=X-4tIs00NvM
on Fri, 08/14/2009 - 20:45
#37599
Milton, dude, I had to watch that again and half the things she said were just filler (so that middle America does not understand them and she sounds smart). I am all for female equality and I can say I am quite liberal when it comes to social norms, but you are smitten by the woman's looks. That is about it.
As to the fact that she is full of herself, I already know that by another incident last year. She nearly ran into me (and other people) on 5th Avenue, because she was looking up and to the left above everyone else, like we had to make way for the princess. The crowd was beneath her, man, trust me on that one...
on Fri, 08/14/2009 - 21:00
#37613
those are the kind of people who should wear
condoms on their heads with no holes cut out.
on Fri, 08/14/2009 - 21:04
#37618
that really is not necessary here
on Fri, 08/14/2009 - 20:15
#37579
woohoo. Oil and gas accounting comes to the commercial real estate market. God damn those oil fields are a pain. They have about 10,000 people who own them.
Ivnka is attractive? She looks like she just got done sucking a penis with oralgel on it and her mouth isn't working.
on Fri, 08/14/2009 - 20:39
#37596
So the solution for commercial real estate is for the lenders to take the hit, forgive large amounts of debt, and create equity for the underwater Trumps and Trumpettes of the world? And for residential real estate? and for margined portfolios?
Bankruptcy needs to be returned to active duty!
on Fri, 08/14/2009 - 21:01
#37614
August 12 – Wall Street Journal (Lingling Wei and Jon Hilsenrath): “The Federal Reserve, with $900 million on the line, is getting actively involved in the biggest hotel bankruptcy, an awkward role for the central bank… On one hand, the Fed is clearly concerned that the bankruptcy of the 680-property Extended Stay Inc. chain has exposed major fault lines in the commercial real-estate market… On the other, the Fed’s role is tricky because it is facing off against financial firms it has to deal with in other rescue matters.”
http://prudentbear.com/index.php/creditbubblebulletinview?art_id=10259
on Sat, 08/15/2009 - 12:41
#37843
Traders starting to really catch on to the possible(probable) backstop of even the Hotel/Motel CRE...
Yesterday:
http://finance.yahoo.com/echarts?s=FCH#chart9:symbol=fch;range=1d;compar...
on Sat, 08/15/2009 - 03:39
#37743
CNBC has taken a devastating ratings hit. Ivanka is their rather weak and lame attempt to lure some of the viewers back.
Why not try to do it with better content, more reasoned opinion??
on Sat, 08/15/2009 - 13:34
#37858
Because their business model is rhetoricking sheep. They simply have a target poor environment these days.
on Sat, 08/15/2009 - 14:29
#37873
Ivanka's nose job is sweet. Much prettier than the crooked hook nose she was born with.
I wonder what the surgeon did to her tits and ass?