It’s not just SVB: Blackstone defaulted on $562M in CMBS and was blocking investor withdrawals on $71Bn in real estate income trusts at the beginning of March. Is it possible SVB is a victim of contagion and not an origin event? - The Great Awakening - Where We Go Qne, We Go All!

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It’s not just SVB: Blackstone defaulted on $562M in CMBS and was blocking investor withdrawals on $71Bn in real estate income trusts at the beginning of March. Is it possible SVB is a victim of contagion and not an origin event? (www.zerohedge.com)

posted 1 year ago by GetsTheNogginJoggin 1 year ago by GetsTheNogginJoggin +287 / -0

Blackstone Defaults On $562MM CMBS As It Keeps Blocking Investor Withdrawals From $71BN REIT

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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– 2ndenthusiast 5 points 1 year ago +5 / -0

I knew there was more to that story. Made no damn sense to build then knock it down again.

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– HOSEQ 1 point 1 year ago +1 / -0

Frankly, I still believe it was all part and Parcel to a huge Insurance Scam, each unfinished Apartment Building probably insured for a couple Million, so, they made lots of Money from that, but also stole from the Investors, and got away with all of it....

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