Echoes of the Great Recession in Commercial Real Estate
Echoes of the Great Recession in Commercial Real Estate Marc Joffe © Maranie Staab/Reuters The Destiny USA mall reopens as coronavirus restrictions are eased in Syracuse, N.Y., July 10, 2020. After facing widespread condemnation for their contributions to the 2008 financial crisis, U.S. credit-rating agencies have largely avoided scrutiny during the coronavirus recession. Indeed, the Federal Reserve used credit ratings to determine whether certain classes of borrowers should get emergency loans and what interest rates to charge them. This move contravened the spirit of Dodd...
Source: msn.com