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After a year laden with economic failure and the domino effect of corrupt millionaire bank CEO’s and the collapse of their beloved institutions, what’s another sad financial story? Well, only the sixth-biggest bank failure in U.S. history—with over 350 branches and $26 billion in assets seized (most of which BB&T took over)—otherwise known as Colonial Bancgroup, an institution largely responsible for the big, messy burst of the real estate bubble and the destruction it left in its wake. And

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Random Feed wrote an interesting post today on
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The latest bubble is about to burst, but this time it’s in the commercial market. Here’s how to see it coming. By Katie Benner Fortune.com NEW YORK (Fortune) — When the FDIC closed Chicago’s Corus Bank last month, it may have signaled the beginning of the next shock to the banking system: commercial real estate defaults. Corus, whose balance sheet was larded with bad construction loans, is just one of many banks that have a slew of this debt on their books. Refinancing the $2 trillio

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Random Feed wrote an interesting post today on
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Real Estate Collapse Sends Capmark To Ch. 11 - site.law360.com Law360, New York (October 26, 2009) — Commercial real estate financing company Capmark Financial Group Inc. and more than 40 of its affiliates have filed for Chapter 11 bankruptcy protection, citing falling values of Capmark’s commercial loan Ivanka Trump weds Jared Kushner - Reno Gazette BEDMINSTER, N.J. (AP) — Ivanka Trump has wed the son of another major New York area real estate family. The daughter of Donald and Ivana Tru

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Random Feed wrote an interesting post today on
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WSJ - MIKE SPECTOR Capmark Financial Group Inc., one of the nation’s largest commercial-real-estate lenders, plans to file for bankruptcy as soon as this weekend, a person familiar with the situation said. The much-expected move underscores the deep problems in the business-property market. After suffering from the collapse in residential mortgages, U.S. banks face steep losses from commercial real-estate loans. Capmark has originated more than $10 billion in commercial real-estate loans, acc

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wrote an interesting post today on
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Yeah…sadly, this move was expected . The question is, when do the other dominoes start falling? Capmark Financial Group Inc., one of the nation’s largest commercial-real-estate lenders, plans to file for bankruptcy as soon as this weekend, a person familiar with the situation said. The much-expected move underscores the deep problems in the business-property market. After suffering from the collapse in residential mortgages, U.S. banks face steep losses from commercial real-estate loans

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