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CRE/CMBS Implosion? Maybe Not

Mall of america

The general theory has been, and even I speculated here in March that commercial real estate (CRE) & commercial mortgage backed securities (CMBS) may be the next shoe to drop. But, there have been some event recently that force us to take a closer look.

NY Times and It's Ackman Error

Ackman

So I am reading the NY Times (yea, I do that every so often) and come across the following article on Bill Ackman. Being a fan, I read it.

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