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RockyattheTop t1_j9s7eui wrote

They are propping up their buddies in the commercial real estate business. That’s it period. A large one just went bankrupt today in the US, defaulted on about 1.5 billion in loans on office buildings. This is why they are making you come back, because if that sector completely collapses it’s ‘08 all over again. But on the real fuck them.

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milksteakofcourse t1_j9tbfi2 wrote

Bingo. It’s only about corporate real estate

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FredOfMBOX t1_j9u8wag wrote

Among other business owners. Everybody working from home has shifted our consumption patterns and it’s hurting some very rich people.

But it’s certainly not about productivity.

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altcastle t1_j9u9s90 wrote

Why would corporate real estate collapsing be like 08? That was home mortgages, it actually affected many, many people. No one lives in the offices.

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RockyattheTop t1_j9ubs3c wrote

Tell me you don’t understand how banking works, without telling me you don’t understand how banking works

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bnwtwg t1_j9u8tug wrote

What company are you referring to? Not seeing anything on Reuters or a quick google search.

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iratecommenter t1_j9viwkj wrote

I think he's talking about Brookfield's situation with the gas company tower and 777 Wilshire in LA

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