HELLO.....THE BIZ MODEL FOR THESE JOHNNY COME LATELY REITS IS BROKEN. LONG RATES UP, BOOK CRUSHED.
No margin for profit, and sitting on 8 x leverage on decling assets. need to recalibrate this biz model....the fed is killing these. wil continue...for bac and bigs.. Like gs...to suck up your money....toxic assets... Or deriv.'s are the cause. not the solution.