Comments by "Frederick Miles" (@frederickmiles8815) on "Ryan Grim And Wall St Whistleblower Claim Banks Engaged In SYSTEMIC FRAUD In Commercial Real Estate" video.

  1. Great segment; the massive short position of cmbs is insane and has been building since Q1 2020.
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  2. Correct; but the main driver is the Fed's QE policy - makes credit risk ratings quite magical. Fixed income assets (such as these types of packaged mortgage products) can only be rolled over like this if rates are insanely low - limiting risk of possible defaults. The mis-stating of cash flows should be investigated by DOJ and SEC regardless. There was a massive issues with policing bankers during PPP disbursements - all identified were let go. Also, if the SEC is really testing based on statistically analysis and not on the forecasted revenue documented via credit risk rating tools (applications used by the lender) that is quite comical. The tests should be fairly easy to pull and run - literally the SEC could knock out testing for the primary dealers within 2 to 3 months.
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