The commercial real estate industry would like a bailout – see my preview/links to testimony before the JEC today.  This is not a surprise – even some of the most libertarian people I meet think the government should help them personally when times are bad.  Is there a case treating commercial real estate as special?

The sector is definitely taking a beating, but who is not?  This lobby’s most sophisticated advocates are arguing that various Fed facilities can be extended to support commercial real estate financing, i.e., so there is no cost to the government’s budget or your future taxes.

This is illusory. Continue reading “Old Whine in New Bottles: Commercial Real Estate Lobbies For Bailout” →