Re:Someone has to foot the bill for empty offices
by mc32 on Thursday June 10, 2021 @03:26PM
(#27464557)
Uhhh:
>” A market correction would probably slap [banks] in the face without knocking them out. Instead, more of the bill will fall on equity holders, not least pension funds and insurers which, in their hunt for returns in an era of low interest rates, have been loading up on property for years. The sooner they admit that losses are coming, the sooner they can try to limit the damage.”
>” A market correction would probably slap [banks] in the face without knocking them out. Instead, more of the bill will fall on equity holders, not least pension funds and insurers which, in their hunt for returns in an era of low interest rates, have been loading up on property for years. The sooner they admit that losses are coming, the sooner they can try to limit the damage.”
So holders of that debt...