debt obligations – American Delusions

Do We Need Wall St. and all the other gamblers in the financial services world?

April 20, 2010 2

What Is the Function of Wall St.? The global financial meltdown of 2008 – 2009 with its ongoing sequelae seems not to have definitively demonstrated the dangers of our continuing belief in the religion of “free markets” nor shaken, especially it seems in the Obama administration, our thrall with Wall --->> read more -->>

The Two Faces of Mortgage Debt – “Return to Creditor”

January 25, 2010 Comments Off

Return to Creditor There is an interesting headline in today’s (1/25/10) New York Times, “Huge Housing Complex in N.Y. Returned to Creditors”. This article reports that Tishman Speyer Properties and BlackRock Realty defaulted (welched?) on their debt obligations of $3 billion for their 2006 purchase of the Stuyvesant Town/Peter Cooper --->> read more -->>