Have we gone from "mark-to-market" to "mark-to-make believe"?
The FDIC just released its policy statement - Prudent Commercial Real Estate Loan Workouts.
The FDIC's purpose is provide transparency and consistency to commercial real estate workout transactions and not curtail the availability of credit to sound borrowers. While the FDIC's intentions are honorable, the policy may provide the opposite effect - lack of transparency and consistency and extending the lack of credit to… Continue
Posted on November 7, 2009 at 11:38am