Business
Blackstone Defaults on $562 Million Nordic CMBS
Blackstone defaulted on a $562 million bond backed by a portfolio of offices and stores owned by Sponda Oy, a Finnish landlord it acquired in 2018. John Gittelsohn has more on “Bloomberg Markets: The Close.”
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@user-yg1zp8uk4d
December 21, 2023 at 9:48 am
Can you buy up these assets
@melissaanderson821
December 21, 2023 at 9:48 am
its the new hanger games now! that's why they made the movie! people wake up and see the new future
@JenPurple2022
December 21, 2023 at 9:48 am
Floating rate debt: short term loan was low but +300% payment with 2022-2023 rate hikes.
Must default to renegotiate due to CMBs.
@Mr.Bojangles12
December 21, 2023 at 9:48 am
We will see them Crushed!
@richardg4764
December 21, 2023 at 9:48 am
Not the billionaires want to government to bail them out of their debt; hedge fund group
@craiggoldstein5699
December 21, 2023 at 9:48 am
Wait until their real estate falls
@bchbum1515
December 21, 2023 at 9:48 am
Getting what we deserve
@bchbum1515
December 21, 2023 at 9:48 am
USA is broke
@kentuckycowboy7660
December 21, 2023 at 9:48 am
iPhones 📱 that’s why. Evil Apple users destroyed this mismanaged over leveraged company
@Angie-in8wc
December 21, 2023 at 9:48 am
From an IT security point, this guy has made a major mistake. While filming, his work mates screen is exposed to the entire internet and is a potential security breach.
Top tip – don’t do this.
@vanessaschaefer3593
December 21, 2023 at 9:48 am
Let them crash! Banks too! No more saving the banks! It's their greed and exec maki g the money. TOo much money!
@vanessaschaefer3593
December 21, 2023 at 9:48 am
Time to sell off residential properties! People are waiting to buy! They screwed people out of home buying by driving up the market! Pure greed!
@vonhellfinger7540
December 21, 2023 at 9:48 am
A 10 billion sorry i meant trillion dollar company defaults on 500 million! This is what pisses working class people off!
@patouwhale
December 21, 2023 at 9:48 am
Interesting how little press this is getting
@forest2344
December 21, 2023 at 9:48 am
I am trying to avoid making any new buys at this point in other not to get sucked into a bear market trap.It's tough making money in stocks when institutional investors are the driving force behind the selling.. although I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?
@bradwilliams1869
December 21, 2023 at 9:48 am
Anybody who voted democrat needs to be held accountable for allowing the new world order to finish their plan
@mikebelnap3079
December 21, 2023 at 9:48 am
Maybe just greed yeah that’s it just greed
@glennhubbard5008
December 21, 2023 at 9:48 am
Here we go again.
@victoriaselwyn8781
December 21, 2023 at 9:48 am
Oooh, does that mean that ordinary folks can just go ahead and default on loans to negotiate better terms?
@SteviePaints
December 21, 2023 at 9:48 am
Don’t ever assume that Blackstone can’t fail. look at Lehman Bothers in 2007.
@beardedmurphy540
December 21, 2023 at 9:48 am
They should be the next company too be shut down
@edwardpi9852
December 21, 2023 at 9:48 am
Let the defaults come. Hopefully governments defaults too soon we are free.
@fredcarter7003
December 21, 2023 at 9:48 am
Pay up blackstone, no deals with the banks ,
@fredcarter7003
December 21, 2023 at 9:48 am
If you can’t afford it, don’t buy it…..as long as they get it interest free , THEY WILL BUY IT, but if interst goes up. Oh we can’t pay that, BAD OWNERSHIP BAD PLANNING, PAY UP BLACKSTONE do your part
@MrSmith-vc8xd
December 21, 2023 at 9:48 am
The entire board, including the Fink, should be arrested for this immediately.
@leeg2787
December 21, 2023 at 9:48 am
No, screw this company. Short it to the ground, dissolve it. They evict us, they should liquidate them.
@doneaton6704
December 21, 2023 at 9:48 am
Just one of the many ways wealthy people/companies get to abuse Everything. It's always the working Americans who end up paying. Nothing good about capitalism if you have growing poverty because of it!
@WA_S_S_AW
December 21, 2023 at 9:48 am
Commercial Mortgage Backed Securities? They didn’t learn from 2008 one bit. Ok, who’s holding the swaps?
@coelhocointech9841
December 21, 2023 at 9:48 am
Here we go again
@FrOmThECoOp
December 21, 2023 at 9:48 am
hahahahahhahaha
@TundraTrash
December 21, 2023 at 9:48 am
Not one mention of who the bond holders are. How many pension funds? What kind of hair cuts will they have to take? How many will have to fold and go to the PFGC?
@ZoomZoomMX3
December 21, 2023 at 9:48 am
Ya these landlords make the most money historically so no sympathy… And with the internet we don't need office buildings what we all need is affordable housing.
@bigbrotherisasob
December 21, 2023 at 9:48 am
Defaulting to renegotiate the loans ? BULLSHIT.
@CommonSenseBeatsIntelligence
December 21, 2023 at 9:48 am
Role out the BAILOUT Wallstreet cheque book… Again. Tax payers don't mind, we get bailed out too right?
@dennisschoenaurer4152
December 21, 2023 at 9:48 am
Don’t confuse blackstone for Blackrock
@Ltwentytwo
December 21, 2023 at 9:48 am
talking on a press event in the middle of an open plan office. that's brave.
@Abdul-Alhazred
December 21, 2023 at 9:48 am
very nice🤗🤗🤗
@GavinusMaximusMaster
December 21, 2023 at 9:48 am
So glad the company that wants us to rent everything and be hair can just default on their debt and be just fine. What a joke.
@expletivedeleted
December 21, 2023 at 9:48 am
BLACKSTONE pure, unadulterated evil.
@lutzfilor56
December 21, 2023 at 9:48 am
Foreclose on Blackrock. That is what they do to the little guy to get the little guys assets on the cheap or free. Hold them accountable. Make them pay the millions they own. Hold their management accountable. Renegotiate is a nice way to call a hold up. Tarnish their reputation.
@redrust3
December 21, 2023 at 9:48 am
My mortgage payment whilst I was making payments was $1547 per month. Until it was paid off. Had I defaulted, foreclosure was inevitable. If Blackrock’s lender(s) renegotiate after the default, what assurances would there be for other borrowers to continue making payments in a timely manner. This could send a chill throughout the financial industry, like 2008. Lenders don’t answer to Blackrock. They answer to their own investors.
@hotttt28
December 21, 2023 at 9:48 am
Boo Hoo 😂
@russell62790
December 21, 2023 at 9:48 am
Black hole heads
@ghanova
December 21, 2023 at 9:48 am
God, Deja Vu. 2000 Swedish finance crisis, 2001 Iberian finance crisis. 2007/8 global finance crisis. Been there done that. How ignorant are they?
@bobthetroll
December 21, 2023 at 9:48 am
Yeah they have the money. Yep no way they ran out of money to pay it. If that happened then the housing market would be about to crash. Nah no way that happens. Nope. Right?
🙃
@warningsigns4526
December 21, 2023 at 9:48 am
SHE NEEDS TO OPEN HER EYES