COP Atlanta Field Hearing on Commercial Real Estate

[dendryite]

Finally! The folks from the audience have some brain cells to rub together. However, they're cut off by the panel. Too bad Ms. Warren had to leave; she'd probably appreciate finally hearing some real concerns from real people rather than reptiles.

[dendryite]

It seems that this thoughtful panel just can't get straight answers from the majority of these people, either because they're just plain stupid or they're shifty-eyed, or both.

I'd love for this panel to address non-consumer real estate. Screwed americans everywhere would be more forthright and more intelligent than any of these panel members. Why not ask us about the help WE need rather than continuing to ask the same idiots who caused this disaster what kind of help THEY need?

[dendryite]

The fat pig with the yellow tie (I think his name is Greely) in the 1st pannel simply "echoes" what the woman w/a functioning brain sitting next to him says. Truly, it's hard to believe that an idiot like this even graduated from high school. Why is holding a top position with the federal reserve?

[dendryite]

Is anyone noticing that the women's intelligence GREATLY EXCEEDS most of the men here? Seems that the white men (as usual) are proficient at speaking and not saying anything (aka blathering). Unfortunately, they're not getting away w/it anymore thanks to women like Ms. Warren.

Fat a** Greeley is especially idiotic. He said absolutely nothing that isn't already known, even by a non-expert person (like me) who isn't a resident of Atlanta.

[jasonvrodrigues]

Both the FDIC and the FED believe that banks have written down loans to market value and claim that banks are not lending because of their own concerns about capitalization.

If capitalization was the problem they could sell the loans at fair market value which they claim that assets have already been written down to.

Fact is the FED and the FDIC are all bullshitting them selves about fair value, because if assets were actually written down they could easily offload them. Price is where D=S

[Sivant]

@jasonvrodrigues

Most of these developers are leveraged so far that they are overleveraged in a conservative investment environment, like the 2nd man at the end was getting at. Banks are willing to loan, if you can cover a majority of your investment yourself. This is not how major developers operate, and so many did not qualify once their assets dropped in value. Most (by $) of gov intervention is about preventing write downs at different parts of the economy, not about forcing investment.

[polarbeach]

is anyone paying attention to this at all ? anyone out there in zombie land ? 1:03 makes sense to me !