goodbadandugly

FAS 157: Blackstone and Its Banker Buddies Have It Wrong

Same thing different crisis. IN the late 80's crisis you had attractice income-producing properties being marked-to-market. Sure, maybe no one wanted to buy them, but they still had excellent cash flow. Same today; you have MBS/CMBS portfolios with no market, but what about the 90% performing loans and 7%-10% yields. Is there no value in that??? Nonesense