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Market fundamentals, he said, such as tenant demand, did not justify inflated values.
Second, the recession has reduced the rents and occupancy rates on which those inflated values were based.
According to Victor Danus, deputy general manager of the real estate company Re/Max Chile: "there was no subprime crisis in Chile, no bubble with artificially inflated values.
Regulators should force banks to write down the value of second liens, which are often held at vastly inflated values on their balance-sheets.
While a lot of investments have already been written down -- some to zero -- people in the industry say a number of firms are still carrying deals on their books at older, inflated values.
As interest rates fell from late 1997 through mid-1998, thedgedge fund portfolios incurred losses, which the commission said Mr. Smirlock concealed by reporting inflated values for certain swaptions.
Similar(41)
The suit said that Mr. Lerner and Mr. Saliba worked together in 2012 to have Twombly's artwork in a separate trust appraised at a sharply inflated value of more than $1 billion.
Indeed the logic behind that decision is to force private equity firms to really add value to the companies they acquire and avoid simply listing a company to generate inflated value.
If the value of WaMu homes was artificially inflated by crooked adjusters, the result is artificially inflated value on JPMorgan Chase's books -- and unfairly inflated debt for JPMorgan Chase's borrowers.
Government purchases at inflated values or government financing of private sector purchases which will only serve to inflate values because of the relatively cheap government-provided leverage will only delay the inevitable and make the problem worse.
VMware paid a lot of money for Nicrira, inflating values for companies across the space.
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