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🗣 Discussion / Question

Part of the ticking time bomb fueling the explosive reverse repo growth? Banks have lent $2.4trn to commercial property in America alone. But they have brought loan-to-value ratios down from the dizzying heights of the financial crisis.

Another example, On April 7, The Wallstreet Journal reported that Destiny USA’s owner, Pyramid Management Group, hired representation to look into restructuring the mall’s debt, which includes CMBS and municipal securities known as PILOTs (Payments In-Lieu of Property Taxes). I don’t know much about PILOTs but I
dismal-jellyfish 🗣 Discussion / Question

DTC one step closer? Issues Notification of Cutoff Time for Submitting Reorganization Event Instructions, the following changes to the processing of corporate action reorganization events during the weekend of June 26th

source About Corporate Actions: A corporate action is an event initiated by a public company that brings or could bring an actual change to the securities—equity or debt—issued by the company. Corporate actions are typically agreed upon by a company's board of directors and authorized by
dismal-jellyfish 🗣 Discussion / Question