Beauty (ugly) contest for 2006 CMBS loans, could this be the winner?
http://imgur.com/WAAbi1d

Deutsche Bank cost American savers $billions!!! For example "Lucky Seven" loan Deutsche Bank sold this loan for $77,777,777 in Dec 06. Investors were told the as is value was $79.49 mill and stabilized value was $99m...NOPE!!!! Deutsche' appraisal only supported a $73.18m value!!! The asset is now valued at about $50 million, debt investors left holding the bag!
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