Page 2 - Write Downs News Today

Tesla’s German car, battery factories face ‘massive delay’: Automobilwoche Bloomberg Bloomberg | Updated on × Tesla’s gigafactory in Gruenheide near Berlin faces the risk of a “massive delay,” Automobilwoche reported, citing people close to the matter it didn’t identify. Delays may hit the car plant, at which critical buildings haven’t yet been erected, and the manufacturing site for battery cells, for which the company hasn’t so far applied for a building permit with the sta...

Commercial real estate is self-sheltering. thats why we look at a guy like donald trump and we say, is he at zero? its like, yeah, hes a zero. >> drew, so we know we had this huge write-off in 1995, and could have prevented him from paying any federal income tax or personal income tax for many, many years, it sounds like its feasible that he could still not be paying federal income tax. >> yes, and that could be whats preventing donald trump from releasing these tax records, not that audit that ...

Analyst and journalist lee shepard, blame the politicians who wrote the rules to benefit big developers. >> thats why we say that commercial real estate is self-sheltering. thats why we look at a guy like donald trump and we say, is he at zero? its like, yeah, hes a zero. >> drew, so we know we had this huge write-off in 1995, and could have prevented him from paying any federal income tax or personal income tax for many, many years, it sounds like its feasible that he could still not be paying ...

They say austerity. this has gotten conflated with the republicans position. you should reduce the deficit but not by cutting defense and absolutely not in any way by raising taxes. if it requires raising taxes even a dollar, then better not to reduce the deficit at all. better possibly even to default on the debt which brings all the terrible consequences of a debt crisis all at once artificially. something they dont typically believe that further government action to help out the economy proba...

They say austerity. this has gotten conflated with the republicans party position. you should reduce the deficit but not by cutting defense and absolutely not in any way by raising taxes. if it requires raising taxes even a dollar, then better not to reduce the deficit at all. better possibly even to default on the debt which brings all the terrible consequences of a debt crisis all at once artificially. something they dont typically believe that further government action to help out the economy...

Especially on the 2000 foreclosure. but the way this thing is set up, it has built-in leverage. that $20 billion you mentioned, it is up to $40 billion. im not saying that -- let me -- one final point. i used to be a member of if housing team back there in the white house days. one other point. heres whats key about this thing. this is the first housing policy to come across the policy transom from the perspective of the banks and lenders. they have to do the write-downs. the reason why so many ...

The 99% and the 1%. foreclosures for some reason -- the banks are very powerful. it cannot seem to gain tracks. i talk about it on the show. ive talked about it when i have hosted other shows. it just seems to fall into the well. even though every commit you talk to says, household balance sheets are the key to recovery. we need to get household balance sheets. we have all this overhang of debt. we need principal write downs. it has completely disappeared from the system. >> it doesnt make sense...

Of money the eu or international monetary fund is willing to give them? do we know? >> concern has always been not so much if greece failed. there is what most people suggest is enough money kind of within the european firewall, their own t.a.r.p., the bailout funds theyve put together, to bail out greece. the question is, of course, whether or not a greek failure would spill over to larger economies like italy and spain. thats the real question. is there enough money for those countries? one of...

And amongst that group, how many have remained current on their payments but are still going to be able to take advantage of refinancing into a lower rate. so what you start to see that were focusing in on a very, very small subset of the homeowners out there that would potentially be eligible for this program and might benefit from it. jenna: you add all that i see how the column gets narrower and narrow who this would actually affect. >> thats right. jenna: you mentioned fannie mae and freddie...

Our economy. state attorneys general meeting in washington to talk about their fight to try to fix the nations dysfunctional housing system, floating a plan that would impose some new requirements on banks, but includes no financial or criminal penalties for past violations or any major reforms for what happens now. that plan not good enough for understandable reasons for many homeowners. protesters hitting d.c. monday to demand actual real solutions, including principal write-downs and mandator...