PLACE YOUR CMBS BETS

This week we asked about how the CMBS market is doing. Thelion's share of you (69%) roared that CMBS is sleeping off the badtimes, while 12% of you think CMBS is dying and a brutal 19% thinkCMBS is dead and done for. Patrick O'Malley, senior director ofsales in Massey Knakal's northern Manhattan/Bronx division, wasnice enough to speak with us about CMBS and solutions.

"These numbers do not surprise me and I think they are trulyreflective of the delusional optimism that Wall Street holds forthis market. Financial institutions will have to seriously rethinktheir business model and how they are going to make money. Themodel of securitizing and piling on fees while transferring thecredit risk is broken.

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