Comments on: The Goldman headquarters default http://blogs.reuters.com/felix-salmon/2010/09/26/the-goldman-headquarters-default/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: jakethesnake http://blogs.reuters.com/felix-salmon/2010/09/26/the-goldman-headquarters-default/comment-page-1/#comment-18800 Mon, 27 Sep 2010 10:33:40 +0000 http://blogs.reuters.com/felix-salmon/?p=5513#comment-18800 I would be surprised if there was any expectation of significant upward lease revision if it had a 20 year lease, even in a 2007 deal. My guess would be that there are covenants, most likely an LTV covenant, that would have been tripped upon a reappraisal of the property. The other possibility is some kind of problematic derivatives deal, but the only times those have been an issue is the cost associated with breaking them, which prevents enforcement, not causes it.

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By: FelixSalmon http://blogs.reuters.com/felix-salmon/2010/09/26/the-goldman-headquarters-default/comment-page-1/#comment-18790 Mon, 27 Sep 2010 00:19:33 +0000 http://blogs.reuters.com/felix-salmon/?p=5513#comment-18790 John, you’re confusing the cost of me reading the Sunday Times with the benefit that the Sunday Times gets from me when I do so. They get £1, it’s true. But the cost to me, in terms of time and hassle and trying to navigate a broken web, is much greater than that.

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By: johnhhaskell http://blogs.reuters.com/felix-salmon/2010/09/26/the-goldman-headquarters-default/comment-page-1/#comment-18784 Sun, 26 Sep 2010 20:08:42 +0000 http://blogs.reuters.com/felix-salmon/?p=5513#comment-18784 The banks will soon be voluntarily capping their square footage. You don’t need a lot of office space to pick up free money from the Fed and roll it into two-years.

If the “details are unclear” because it costs GBP1 to get a day pass for the Sunday Times, it might be worth investing in a day pass.

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