Commercial Real Estate Wants a Handout

[Anonymous]

so, now the commercial real estate idiots want a bailout. The line just gets longer and longer... Maybe all those top paid executives who got $100 million-$700 million in stock options that they have cashed out in the past two years should be forced to relinquish their ill-gotten gains. It seems like all the "returns" are just a shell game.

Who do you think will be next?

http://www.washingtonpost.com/wp-dyn/content/article/2008/12/23/AR2008122300974.html?hpid=topnews

[Anonymous]

I hope somebody tells them to go pound sand.

[jsteele]

Anonymous wrote:Who do you think will be next?

The Bernie Madoff victims. The rich are not allowed to lose money.

The Bush Administration just agreed to declare GMAC a bank holding company and give it TARP funding despite that GMAC didn't meet the requirement to convert bonds to equity. They simply changed the rules. The majority shareholder of GMAC is Cerberus who also owns Chrysler Financial and Chrysler. Don't hurt your ears trying to listen for demands of wage parity for Cerberus' financiers. Such demands are limited to blue color workers.

[Anonymous]

Good point, Jeff. My retirement account is down 45% but nobody is crying the blues for me, eh?