I’ve got to confess that bond-market lingo is hardly my strong suit. So can anyone out there explain what this bulletin means for casino industry pariah Columbia Sussex?
One loan remains in the pool: Columbia Sussex, which has been fully defeased and has an anticipated repayment date in 2015. As of the October 2008 remittance date, the transaction’s outstanding principal balance has been reduced by 92.0% to $77.3 million, from $967.2 million at issuance.
Be the first one to answer and a free copy of Bill Zender‘s Casino-ology shall be your reward.
Open mouth, insert foot. That’s”President-elect Chickenshit” to you, Congressman.
Great moments in journalism. The Wall Street Journal‘s editorial page can be pretty hardcore. But it seems to strike exactly the right, measured tone today, rising to the occasion with grace.
Las Vegans, on the other hand, can be ever so proud of the example set by the Review-Journal, whose editorial writers — as is so often their wont when vox populi is not vox R-J, curl up in the corner kicking and screaming in impotent, infantile rage.
