A million here, a billion there ...
Guambat's foggy eye spotted this article in the NYT, which adds to the CMBS storyline from a post of a couple days ago.
But it was not the story that got Guambat's attention, but the correction:
But it was not the story that got Guambat's attention, but the correction:
An earlier version of this article misstated a statement of Richard Parkus about office rents and vacancies. Mr. Parkus stated that vacancies are increasing and rents decreasing, not the other way around. Also, $393 billion worth of mortgages are set to mature by the end of next year, not $393 million, and $39 billion more that were to expire have been extended, not $39 million.
posted by Guambat Stew at Thursday, September 03, 2009
1 Comments:
Am still wondering (vaguely) about what sort of heavy duty negotiating is going on about the Chinese ownership of US bonds .. heh.
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