Stuyvesant Town Loan classified a "special asset"

By

mf

on November 9, 2009 5:42 PM | Permalink | Comments (0) | TrackBacks (0)

Meaning default is near. Crain's has an article, as does Bllomberg and by tomorrow everyone else.

A sale is the most likely scenario as theres an awful lot of debt to restructure.

For past coverage see:

1. Nail in the Coffin
2. More musings on Stuyvesant Town. What's it worth

0 TrackBacks

Listed below are links to blogs that reference this entry: Stuyvesant Town Loan classified a "special asset".

TrackBack URL for this entry: http://21elephants.com/cgi-bin/mt-tb.cgi/93

Leave a comment