JP 3E Holdings Inc (JPTE)

[I ll be back]

These articles have been in the news for well over two years.

Commercial real estate values "ticking time bomb"

https://www.politico.com/news/2024/09/02/office-property-values-fed-00174697

As a commercial developer and Certified Commercial Investment Member, I've lived and worked through four different downfalls since 1977, I can tell you that I've never seen anything like this before. What the banks are currently facing is beyond real. I started my career when real estate loans had a 14% interest rate.

What the Feds are currently allowing is to let the banks posts the assets (balance sheets) at the future value of the maturity date and NOT what the assets truly are valued at today. That would be like you and I showing up with a financial statement that says are net worth is based on what we believe we can sell the property for in 5 or 10 years. Try doing that with your bank and tell me how it goes.

Now add in the fact that Congress passed a bill that the banks now have ownership of your cash deposits in the event the bank goes under. Look it up!