Quote Originally Posted by KW View Post
Too true. I wonder how the banks plan on getting their $2.3 billion back. Guess they'll keep hitting the equity market until they get enough cash back, and hope the asset sales covers the rest.
Potential write downs at ARI won't affect the bank loans at all. The shareholders equity may suffer, but the bank loan balance remains intact.

ARI do have a (voluntary?) surplus asset sale program underway.

SNOOPY