This real estate industry letter to the Senate Banking Housing and Urban Affairs Committee Chair/Ranking Member addresses Financial Regulatory Reform as it relates to Commercial real estate finance and concerns of a "one-size fits all" mentality. The industry urges policymakers to ensure that reforms aimed at the securitized credit markets are customized and applied appropriately in order to support the existing financing mechanisms in commercial real estate finance that work well, create liquidity, and promote sound practices and transparency.
The Senate Committee is reviewing porposals to restore confidence and to provide greater transparency in our financial markets through regulatory reform. The current politically charged debate has naturally focused on how to curb the irresponsible financial dealings by the banking and securities industries that led to the near collapse of Wall Street and the economic crisis that caused millions of Americans to lose their jobs, homes, businesses and retirement savings. The House has already passed measure that includes the rela estate industry's concerns.
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