From the monthly archives:

October 2008

Andrew Lahde Calls it Quits

October 30, 2008

Those of you who read the REIT wrecks post “Is Commercial Real Estate Really Dead” will be familiar with Andrew Lahde. He is the hedge fund manager who returned a whopping 866% by betting against residential mortgages, primarily by shorting the ABX. He then turned his attention to commercial mortgages and subsequently raised a fund […]

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FASB Amends Fair Market Value Accounting

October 12, 2008

Governments around the world have gone on a coordinated offensive of truculent press releases in an effort to combat the growing credit crisis. Mortgage REIT prices also popped again on Friday, NCT was up over 60%, RAS and RSO were both up over 30% and NRF was up almost 40%. But this is not the […]

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A Banking Holiday for the G7? “Urgent and Exceptional” Steps

October 11, 2008

“Intensifying solvency concerns about a number of the largest US-based and European financial institutions have pushed the global financial system to the brink of systemic meltdown,” Dominique Strauss-Kahn, Managing Director, International Monetary Fund, Saturday October 11, 2008 A weekend update for you: Reports are spreading that banking shares across the G7 nations could be suspended […]

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Controlling Class Smack Down For Mortgage REITs?

October 7, 2008

I went for a ride on my mountain bike last week. Is it any wonder that all I could think of during the long, steep, uphill grades was REITs? The analogy is apt, as making money in this sector is almost as strenuous. This afternoon, however, after I wiped the vomit from my shirt luckily […]

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