ZH has some thoughts ML's rosy REIT outlook. Wilbur Ross is perhaps a little too negative on CRE, which is already off 41% peak-to-date on prices. Is he putting on a massive short via CMBS?
Fortress may be the first new issue TALF deal. DDR may go forward without TALF... and there are several other new issue TALF deals in the works.
Monday, November 2, 2009
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