Streams

Realty Check

Thursday, December 18, 2008

New York Times metropolitan reporter Christine Haughney and Michael Stoler, real estate commentator for 1010 WINS, host of the "Stoler Report" and "Building New York" on CUNY TV, and director at Madison Realty Capital, look at the fall-out from the Madoff scandal for the New York commercial real estate market.

Guests:

Christine Haughney and Michael Stoler

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Comments [4]

CAROL R BLUCHER from Westchester

My profession is to help people with their medical claims and other paperwork. I am always willing to teach anyone who wants to learn. I also balance checkbooks and sort expenses for taxes. I've been a Personal Administrator for many,many years.
Carol R. Blucher, Personal Administrator @ crb7v61@aol.com

P.S. - I would like a class in basic make-up NOT sponsored by a cosmetic company.

Mar. 11 2013 12:00 PM
Linda Williamson from Manhattan

The point of a Ponzi scheme is that "returns" are paid out to earlier investors with the proceeds of new investment money coming into the scheme (based on the attractiveness of the "returns" made by previous investors).

The "lost" $50BN isn't Madoff's earnings (although he clearly got rich based on his management fees); it's the amount paid out, funded by new cash that sits in the same devalued securities (mortgage securitizations and the like) reported by Madoff to his current investors at their old values....vs the basically worthless value they are 'marked' at today.

Dec. 18 2008 11:31 AM
AWM from UWS

Madoff was on the hook for $7B in year end redemptions asked for by his clients. That's when he started fessing up

Dec. 18 2008 11:24 AM
Robert from NYC

I really have NO compassion for these folks, least of all Real Estate people. So ask Mr. Stoler how the other real estate people will get out of this loss.

Dec. 18 2008 11:11 AM

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