That jackass on Fox sitting there keeping hope up that CSE was worth $30. Please.
Farallon coming in big. They paid too much buying into Mills too and needed Simon to save their sorry rear ends.
TONE deal has to be dead by now. I don't see how CSE could keep reit status and own a bank at these levels given TONE's capital needs going forward. Picking a crappy bank that is capital constrained isn't exactly the key to some lower cost of funds paradise as CapitalOne has learned.
Reits are going to have problems rolling over their short term debt.