Phase Four Run-Up: When Congress Finally Asked 'How Bad Is This?'
This is post 5 in my series on The Commercial Real Estate Tsunami: A Survival Guide for Lenders, Owners, Buyers, and Brokers by Tony Wood, with a foreword by Matthew Anderson (ISBN: 978-0-470-63637-4, published by John Wiley & Sons, 2010). Chapter 4 covers “Phase Four: The Run-Up” and it’s honestly the most intense chapter so far. This is where the wave makes its final approach and Congress finally starts asking, “Wait, is this a systemic threat?”