More default fun ahead?.................from Rico

A while ago I gassed-on about the next 'dip' in the road ahead...commercial loan defaults. It's here now.......

If you recall how home mortgages were packaged and sold and then triggered our recent problems, then you'll just LOVE what this (CMBS) can do for us!

CMBS (commercial mortgage backed securities). never heard of them? You will.

Commercial default rates/delinquencies on commercial debt have been part of the reason for the increased bank failures this year.
And next year? I'm looking ahead from now through 2012.

A Warren Zevon song comes to mind ...."Ain't That Pretty at All."