Posts Tagged ‘commercial real estate’

More banks shut down in three states

Written by Timothy Blake on June 20, 2009 under Economic Impact

As June 2009 rolls on more banks were shut down by the FDIC. In a recent article we asked “What is the main problem with banking in Atlanta Georgia? Perhaps the question should be “What’s wrong in Georgia?”

Lehman Brothers bites themselves in the ass with credibility issues

Written by Timothy Blake on September 11, 2008 under Quotable Quotes

On July 19, 2007 Lehman Brothers rejected suggestions that they are exposed to subprime problems. Many companies made statements in the summer of 2007, in part because their shock and disbelief caused those companies to say just about anything. Remember Countrywide in July 2007? But we had a problem with Lehman Brothers rejection of exposure to subprime as soon as soon as they said it. Lehman Brothers always loved subprime and companies like Household International. How could they possibly NOT be exposed to subprime, as their 2007 statement suggested?

Will subprime spread to commercial real estate?

Written by Timothy Blake on October 31, 2007 under Archives, Economic Impact

There were some big winners when the subprime market went into the tank, and many believe we should watch those winners for future indicators. These people are not singing the mortage blues, and in fact made plenty of money by correctly seeing the future. Here is what they see now:

10000 Layoffs Just at AT&T brings focus on subprime

Written by Leatherneck on August 09, 2007 under Archives, Economic Impact, Job Losses, Opinion, Quotable Quotes

Adding to mortgage blues are layoffs like we see here. AT&T Inc. plans to eliminate about 10,000 jobs after completing the $67 billion purchase of BellSouth Corp. The reductions will come in 2007 through 2009, Chief Financial Officer Rick Lindner told analysts. The connection that some people fail to see is that one of AT&T’s board members is William F. Aldinger III, once in charge at Household International when HSBC bought the predatory lender. Some think the seeds of subprime can be traced back to Aldinger’s Household International.

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