Some Commercial Loans Lose All Value, and More
“To be Boscoved,” said Trepp, is to suffer losses on a loan of more than 100 percent of the amount lent. That happened on all five of the loans that were included in the Bank of America Commercial Mortgage Series 2006-3, a securitization sold by the bank in 2006.
A former Boscov's store in Glen Burnie, Md. Five loans on Boscov's stores lost more than 100 percent of the amount that was lent. |
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CNBC Million Dollar Portfolio Challenge Bonus Bucks Answers, Friday, November 18
We'd better get used to living with the euro crisis. It's the new normal
There are two main schools of thought when it comes to fixing the eurozone debt crisis at the moment. The first is that matters will come to a head around Spring and a solution will be found. The second is that matters will come to a head around Spring and the euro will implode.
‘Vassals’ in Congress Do Lobbyist Bidding
As I built what became the nation’s largest individual lobbying practice -- with 40 employees at its peak -- I remained the only lobbyist in the firm who had not previously worked on Capitol Hill. Former Congress members and staff are everywhere on K Street, the lair of the lobbying world. Why? Because they have access.
Insight: Why Wall Street still doesn't get it
Original content Bob DeMarco, All American Investor
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