Capmark Financial files for bankruptcy



Capmark Financial, one of America's biggest commercial property lenders, filed for Chapter 11 bankruptcy protection on Sunday night after being hit by souring loans.


And who owns Capmark???



Capmark was the commercial real estate loan business of GMAC, General Motors' finance operation, before being bought in 2006 by a consortium led by KKR, Goldman Sachs Capital Partners and Five Mile Capital Partners. At March 31, the private equity consortium owned about 75 per cent of Capmark, with the rest held by GMAC and its workers.


Oh thats right, Goldman Sachs, they also own KKR, and we all know who owns GMAC!!!