ok, who prepped harvey today? they actually gave him numbers to say in this piece. amazing. his cnbc pieces are usually worthless cause he blathers a talking point over and over. i enjoy all the cmbs coverage as much as the next guy, but i could care less about class A towers in NYC or hotels in florida. CRE is local and im more concerned to see what is happening with the stuff we move on a daily basis. the private capital end of the market is really unclear. how will the new cmbs guidelines work for a guy with a $1.5M balance? what kind of workout can he affect? what caps can we move this stuff at? the non-distress regional stuff will move at decent caps if its really stable. but if its not stable, its impossible to sell. interesting stuff going on.