Thursday, December 4, 2008

More Thurs Linkage..Even smart guys are hurting

Two pretty smart institutional real estate players, Whitehall Funds (Goldman Sachs) and Guggenheim Partners LLC are having problems. Just goes to show you that too much leverage and getting away from good old fundamental research have damaged all levels of real estate participants...not just sub prime and no doc borrowers.

WSJ article on Whitehall

WSJ article on JPMorgan seizing assets from Guggenheim Partners

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