his is not just the conclusion of academics.
John Flynn has worked in commercial real estate for decades, including stints at GMAC Commercial Mortgage and the ratings agencies Moodyâs and Fitch. He now provides advisory and consulting services for CMBS investors, borrowers, and lawyers.
In conversation, Flynn comes across much like the investor Michael Burry in âThe Big Short,â combining a love for financial arcana with deep outrage at how the system screws the little guy. âIâm not a perfect angel,â says Flynn. âBut there has to be a limit.â
Flynnâs whistleblower complaint filed with the SEC states that he has identified âabout $150 billion in inflated CMBSâ issued since 2013 by banks such as Wells Fargo and Deutsche Bank and the âshadow bankâ Ladder Capital.
Some companies broke their promise, donating to election objectors
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Most corporations stood by pledges to not fund politicians who voted against Biden s victory
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