Days Of Thunder & A Conversation With BMO’s Brian Belski
RiskReversal Pod
00:00
What Are You Going to Watch Really the All-Clear Signal?
There were queues and K's. They were out there for a long time. A lot of people that do the bottom up work saw it coming. The issue here now is not just that other banks that have kind of long duration treasuries and long duration mortgage backed securities. We had two defaults occur already on very large well-known office properties. Kim Co, bought Columbia, which had all those defaults in California,. multiple buildings, as well as Brookfield. And so those are issues that really are going to face a lot of the banks. It's hard to see them being leaders here in this market.
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