A new survey shows that the vast majority of senior executives say would’ve approached their return-to-work push “differently.”
A new survey shows that the vast majority of senior executives say would’ve approached their return-to-work push “differently.”
Well to be fair I wouldn’t categorize the entire banking industry and investment capitalists who have over a trillion dollars in commercial mortgage backed real estate collateralized debt obligations invested in those office buildings as being from a bygone era.
TLDR It’s 2008 all over again. They bundled up commercial mortgages into securities that blackrock etc are heavily invested in. They are over leveraged because over the counter swaps still don’t require verified money in the bank to cover losses. If people are not forced to return they know the real estate market will implode and take Citibank Morgan Stanley etc with it