For those who are interested, C-SPAN's Book TV has posted the video at their website of my February 25th presentation on When Giants Fall at New York's Science, Industry and Business Library.
To view the nearly two-hour program, which was broadcast last Sunday and which includes a wide-ranging Q&A session in the latter half of the segment, click here.
michael, i believe the c-span book tv link posted, after the 1st couple minutes was cut to the last 1/2 of you discussion, Q&A, and missed the 1st part. appreciate all of your insight and opinion on the current state of affairs.
Posted by: mike avera | March 13, 2009 at 07:12 AM
Thanks, you are right. I am trying to get in touch with C-SPAN to get it fixed.
Posted by: Michael Panzner | March 13, 2009 at 07:38 AM
http://www.booktv.org/watch.aspx?ProgramId=LW-10223
Posted by: Fu | March 14, 2009 at 03:06 AM
It was obvious that the audience was solidly in the denial phase. The majority of Americans still hope that we can somehow wave a magic wand and it will all go away. In late 2008, investment managers for a pension fund that I was associated with 10 years ago were still indicating in public that commercial real estate will bounce back by late 2009. The professional money managers pretend that everything is fine and the staffs at the public and private funds pretend that they are getting good advice. Based on my research, most pensions funds have not even begun to write down privately held real estate. Over the next three years, values will probably drop at least fifty percent -- more if substantial leverage was utilized.
Posted by: Matt Holbert | March 16, 2009 at 07:03 PM