Gerald Mancil, one of the real estate borrowers accused of loan fraud (the reason bank stocks were down 3.6% today, $WAL $ZION), did a podcast 3 months ago
Seems to me to be a story of weak covenants and enforcement, rather than real estate weakness. Credit deterioration could be widespread but not for economic reasons, just credit was so easer lenders basically allowing borrowers to steal from them
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