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226 - REITs and the possible end of Russia

The David McWilliams Podcast

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What's Rock in Your World?

A reat is a real estate investment trust. Toter invest o, other investments. And these guys have sold out their reat at a very significant premium to where the reat was trading. I'll explain the whole thing toyou, but i want it to start two thousand and five. The year when everything crashed an bank of ireland for a hundred and 60 years. They leant out as much as they had done in the previous 100 and 60 years in three wells. Re that's how mad the irish banking system was, right? Yes. So what the government says is, ok, banks are oing to bils. What do we do? And again

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