Deutche Bank leaves Vegas & Yves Smith on PE real estate tricks
Deutsche Bank is finally able to leave Las Vegas! That’s because before their fear became loathing, and they found a buyer for their always-in-the-red Cosmopolitan Hotel in Las Vegas, Nevada. Erin takes a look.
Then, Erin sits down with financial blogger powerhouse Yves Smith of Naked Capitalism to talk about private equity and their rental shenanigans. They talk about why PE firms have gotten into the real estate market and the problems created by their actions. What are these PE firms trying to do and do they create jobs? Smith breaks it down.
Then to round out the week Edward Harrison and Erin check in on their Accrued Interest. Keep the comments coming!
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