The Coming Depression in Commercial Real Estate [View article]
It will be interesting to see on May 4th if "off balance sheet items" are required to be shown on the balance sheets of the 19 largest banks?
If that happens as I expect it will, almost all of the biggest banks will require extra capital to survive.
This means that lending capacity to aid REIT's short term cash needs will not be available. Look for more huge stock sales of REIT's so that dividends can be paid.
Look for IYR to take a big hit, even at this low level.
off-balance sheet items Definition | Business Dictionaries from AllBusiness.com
The Murky World of Off-Balance-Sheet Items (Part 3) -- Seeking Alpha
PEU Report: Off Balance Sheet Items: Big for Banks
Does anyone have a clue of what "OFF BALANCE SHEET" items means? Bloomberg reports that the range is from $700-900 Billion dollars!!!
I remember ENRON had a lot of "off balance sheet items that the public did not know existed, which led to it's dramatic death.
The stress test is supposed to require these items to be revealed to the public and they expect most of the 19 banks to need more capital!
Looks like a busy week ahead trying to unlock this story.
The Coming Depression in Commercial Real Estate [View article]
If that happens as I expect it will, almost all of the biggest banks will require extra capital to survive.
This means that lending capacity to aid REIT's short term cash needs will not be available. Look for more huge stock sales of REIT's so that dividends can be paid.
Look for IYR to take a big hit, even at this low level.
off-balance sheet items Definition | Business Dictionaries from AllBusiness.com
The Murky World of Off-Balance-Sheet Items (Part 3) -- Seeking Alpha
PEU Report: Off Balance Sheet Items: Big for Banks
Does anyone have a clue of what "OFF BALANCE SHEET" items means? Bloomberg reports that the range is from $700-900 Billion dollars!!!
I remember ENRON had a lot of "off balance sheet items that the public did not know existed, which led to it's dramatic death.
The stress test is supposed to require these items to be revealed to the public and they expect most of the 19 banks to need more capital!
Looks like a busy week ahead trying to unlock this story.