Tom Barrack’s Colony Capital Defaults on Real Estate Loans
Tom Barrack’s prediction that the commercial mortgage market would collapse has now hit close to home.
The magnate’s Colony Capital has defaulted on $3.2 billion in loans backed by hotel and health care properties, according to a regulatory filing first reported by the Financial Times.
Truck Load Rates Halt 8 Week Slide 2.0
Discussion in 'Freight Broker Forum' started by Scooter Jones, Mar 7, 2020.
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FoolsErrand and Dale thompson Thank this.
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86scotty, Wasted Thyme and Dave_in_AZ Thank this.
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And don't blame Uncle Sam. The banks don't want all those properties. What are they going to do with them.
I'd love to see real estate crash.
I'm with AOC, everything is free now. Gonna get my new free vette and go hang out with Scooter and smoke free dope, and talk about the good ol days.Wasted Thyme and PPLC Thank this. -
As far as your other post about how is healthcare going bankrupt. Easily... the hospitals only get to treat covid. Elective surgeries were shut down, and people who need to see doctors are afraid too. “Normal” healthcare has basically come to a standstill.FoolsErrand Thanks this. -
FoolsErrand, PPLC, Dale thompson and 1 other person Thank this.
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Wasted Thyme, JonJon78 and PPLC Thank this.
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That is exactly what our enemies want. The fact that no news organization ever informs americans of these efforts proves news cant be trusted. On any side.
watch fox news start talking about cloward and piven to gain even more "trust" now.
The news isnt about keeping people informed, its about influencing their actions, thoughts and emotions.
Ever notice that despite the collossal demand for the things trucks haul, its hard to make any money with one even though everyone really needs whats on your trailer? Yet news never fails to make billions even though most people hate whats on it and no one really needs it? Who buys what they hate? We click and get it all for free, it never costs me a cent to see how many murders or rapes or home fires happened this month.
So where does all that cash come from? Trucks need a subsidy right now despite having critical goods, but bad news never seems to need a bailout.
Id pay not to hear it but it still wont die. Like someone is forcefeeding it to america. Hmmm.Freddy57, 86scotty, Brettj3876 and 1 other person Thank this.
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
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