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Richard LeFrak Not Optimistic On CRE

Tyler Durden's picture




 

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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Fri, 08/14/2009 - 17:54 | 37388 Sqworl
Sqworl's picture

Rating Trump...parade the shiksa...

Fri, 08/14/2009 - 17:54 | 37390 Anonymous
Anonymous's picture

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?

Fri, 08/14/2009 - 18:00 | 37400 lizzy36
lizzy36's picture

it's genetic (although to be fair it is muted in comparison to her father).

Fri, 08/14/2009 - 20:27 | 37550 Anonymous
Anonymous's picture

so true

Fri, 08/14/2009 - 17:56 | 37395 Anonymous
Anonymous's picture

IVANKA is the biggest fuckking TWIT!!

Somebody pass the BARF BAG!

Fri, 08/14/2009 - 20:54 | 37473 dirkd
dirkd's picture

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

Sat, 08/15/2009 - 08:27 | 37763 I need more cowbell
I need more cowbell's picture

Take your spam and cram it up your ass

Fri, 08/14/2009 - 17:57 | 37397 Anonymous
Anonymous's picture

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.

Fri, 08/14/2009 - 17:58 | 37398 Anonymous
Anonymous's picture

Trump--Trying so hard to sound knowledgable, and yet utterly vapid. Like a Stepford wife or something.

Fri, 08/14/2009 - 19:23 | 37494 FischerBlack
FischerBlack's picture

Stepford wife sums it right up. Nice.

Sat, 08/15/2009 - 14:11 | 37851 Anonymous
Anonymous's picture

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 !!!

Sun, 08/16/2009 - 02:28 | 38095 Anonymous
Anonymous's picture

"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.

Fri, 08/14/2009 - 18:14 | 37414 Miles Kendig
Miles Kendig's picture

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.

Fri, 08/14/2009 - 18:14 | 37415 Anonymous
Anonymous's picture

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!

Fri, 08/14/2009 - 18:16 | 37418 Anonymous
Anonymous's picture

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?

Fri, 08/14/2009 - 18:21 | 37422 Anonymous
Anonymous's picture

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.

Fri, 08/14/2009 - 18:21 | 37423 Cap
Cap's picture

I am not so optimistic either ... so gun those REITs boys !

Fri, 08/14/2009 - 18:33 | 37434 Anonymous
Anonymous's picture

"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?

Fri, 08/14/2009 - 18:34 | 37435 Anonymous
Anonymous's picture

"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?

Fri, 08/14/2009 - 18:35 | 37437 Anonymous
Anonymous's picture

when he said "all cash" that shut her down...

Fri, 08/14/2009 - 18:58 | 37459 Anonymous
Anonymous's picture

So what's new??

Fri, 08/14/2009 - 20:54 | 37471 dirkd
dirkd's picture

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

Fri, 08/14/2009 - 19:08 | 37478 Anonymous
Anonymous's picture

If you scraped off that glacier thick layer of makeup would you still find a shiksa hiding underneath or a troll....?

Fri, 08/14/2009 - 20:02 | 37528 Anonymous
Anonymous's picture

it is not like he revealed anything either

Fri, 08/14/2009 - 20:04 | 37530 Dogfather
Dogfather's picture

....hell's wrong with that Iskanka's lips???

Fri, 08/14/2009 - 21:13 | 37578 Milton
Milton's picture

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

 

Fri, 08/14/2009 - 22:00 | 37613 Anonymous
Anonymous's picture

those are the kind of people who should wear
condoms on their heads with no holes cut out.

Fri, 08/14/2009 - 21:15 | 37579 Hephasteus
Hephasteus's picture

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.

Fri, 08/14/2009 - 21:39 | 37596 Anonymous
Anonymous's picture

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!

Fri, 08/14/2009 - 22:01 | 37614 lsbumblebee
lsbumblebee's picture

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

Sat, 08/15/2009 - 13:41 | 37843 Gilgamesh
Gilgamesh's picture

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...

Sat, 08/15/2009 - 04:39 | 37743 Anonymous
Anonymous's picture

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??

Sat, 08/15/2009 - 14:34 | 37858 Hephasteus
Hephasteus's picture

Because their business model is rhetoricking sheep. They simply have a target poor environment these days.

Sat, 08/15/2009 - 15:29 | 37873 Anonymous
Anonymous's picture

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?

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