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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?


To: Sr K who wrote (93765)11/5/2007 9:46:25 AM
From: CalculatedRiskRespond to of 306849
 
A "pier loan" is a bridge loan that the Investment Banks couldn't sell ... aka as a "bridge to nowhere".

The IBs have been getting stuck with Billions of pier loans from all the LBOs ($10B of Chrysler is still on the IBs balance sheets).