Commercial Real Estate Finance

Posts Tagged ‘Jamie Dimon’

The Week of January 9-15

- China is trying to prevent its real estate bubble from growing before it bursts.

- CalPERS is planning on taking a public dump on the middlemen who advised them so poorly.

- Will a missed payment on Stuyvesant Town prompt foreclosure proceedings?

- The White House is contemplating taxing banks to recoup TARP losses.

- Jamie Dimon, never one to mince his words, called CRE a “train wreck” this week.
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Here’s a look at some bank chiefs’ most famous quotes pertaining to the last 18 months of economic turmoil.

“‘Tell Tim Geithner to get f**ked.’ When you come that close to really going out of business, call it near death, death experience, the end of the line, whatever you want to call it, your only focus is to make sure your company survives.”
– MorganStanley CEO John Mack didn’t censor himself during an Oct. 14, 2009 speech to student at the University of Pennsylvania’s Wharton School of Business. Mack was recounting the tumultuous days in September when he worked on negotiating a deal with a Japanese bank to inject money into Morgan Stanley and save the bank from a Lehman-like fate. In the middle of Mack’s negotiations, Geithner called, demanding to speak with the Morgan Stanley chief immediately. Geithner’s apparently annoying insistence sparked Mack’s profane rebuke. Read the rest of this entry »

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The Week of December 26-January 1

- Here, you can read about how CalPERS completely and massively screwed itself.

- PREIT led REITs in small cap gainers in 2009.

- Its the end of 2009…just how harsh are the predictions for CRE defaults going forward?

- Dollar General is planning 600 new stores for 2010.

- The Hong Kong waterfront is a hot spot for real estate…just not as hot as once thought.
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