Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The Rabid Capitalist previously posed the question: “How do you lose money investing in triple-A-rated bonds?” The original answer identified a bond secured by a single office building in Manhattan. The current answer may include any of the $280 billion of single property commercial mortgage bonds that for the most part have high, investment grade ratings.
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