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A comment on Sources Tell Me Some Messed Up Stuff Is Happening in Commercial Real Estate.

Re:Sources Tell Me Some Messed Up Stuff Is Happening in Comm... by bell-cot on Tuesday June 13, 2023 @01:54PM (#36313958)
Sounds like the only actual bad stuff is the (hypothesized future) fat government bail-outs of the idiot banks - which allowed "just give us back the keys and you can walk away" clauses in a bunch of big-money contracts.

Obvious (if politically impossible) fix - banks that go bust become U.S. Gov't. property. Bank executives are fired as unneeded/incompetent, and their stock options become worthless paper. U.S. DoJ gets nasty about clawing back recent executive bonuses, compensation, and such.

[ Parent | on HN ]
Re:Sources Tell Me Some Messed Up Stuff Is Happening in Comm... by rfgmendoza on Tuesday June 13, 2023 @02:25PM (#36314593)
> Obvious (if politically impossible) fix - banks that go bust become U.S. Gov't. property.

the assets should become government property and administered long enough to sell off the assets to the market.

the bank itself should be dissolved as a legal business entity, with no protection for the executives

[ Parent | on HN ]