Metallica Death Magnetic Private Show

Last night we were privileged to see Metallica play a final practice show before starting the Death Magnetic World Tour. I am friends with the band through our kids, so I was able to secure a group of passes to the show.

About 1,000 people got into the Cow Palace in South San Francisco to see the new set and hear the new songs. If you have not heard it, get a copy of the Death Magnetic album. Rick Rubin produced it, and it is awesome.

The house lights go up for “Seek and Destroy.”

James Hetfield

Kirk Hammett belts out “The Day That Never Comes.”

Set List:

That Was Just Your Life
The End Of The Line
Harvester Of Sorrow
Wherever I May Roam
One
Broken, Beat And Scarred
Cyanide
Frantic
Until It Sleeps
The Four Horsemen
The Day That Never Comes
Master Of Puppets
Fight Fire With Fire
Nothing Else Matters
Enter Sandman
– – – – – – – –
Last Caress
Blitzkrieg
Seek and Destroy

www.metallica.com

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Jim Flaherty is CEO of CMBS.com and the creator of the Backshop loan origination system. He is a trained credit professional with experience installing enterprise underwriting systems for commercial real estate lenders, rating agencies and investors.

www.cmbs.com

www.backshop.com

Blue Angels: Burning fuel and pulling Gs

Seeing the Blue Angels perform over San Francisco Bay makes me proud to be a taxpayer!

In the world of multi-billion dollar government bailouts and endless deficits, seeing the US Military burning some fuel and pulling Gs seems to make things feel better.

The market up 11 percent helps a bit too. Enjoy the pics.

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The Mother of All RFPs

Politics and the CMBS industry have become sudden (and strange) bedfellows, but recent developments may help bring open transparency to both parties.

The Department of the Treasury recently issued an RFP titled “Notice to Financial Institutions Interested in Providing Whole Loan Asset Management Services for a Portfolio of Troubles Mortgage-Related Assets.”

This is a huge opportunity.

From the RFP:

“In furtherance of its mission to ensure the safety and soundness of the U.S. financial system, and to implement the Emergency Economic Stabilization Act of 2008 (Act), the Treasury is establishing a program to purchase a variety of troubled assets. Accordingly, the Treasury seeks one or more Financial Institutions to provide asset management services for a portfolio of dollar-denominated mortgage whole loans that the Treasury will acquire from Financial Institutions.”

The submission deadline was 5 p.m. ET today, and we proposed that the government name Backshop as the CMBS reporting standard.

From our cover letter:

“While the CMBS market represents only 15% to 20% of the securitized “problem,” Backshop and CMBS.com are uniquely positioned to help solve this part of the problem. We provide the software and the data required to power a common underwriting platform that provides needed transparency into the value of the underlying assets. …”

After all, we believe the appointed asset managers should report to the DOT — and the taxpayers — in an open and transparent way.

Download our entire proposal.

Transparent CMBS Standards Today!

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Jim Flaherty is CEO of CMBS.com and the creator of the Backshop loan origination system. He is a trained credit professional with experience installing enterprise underwriting systems for commercial real estate lenders, rating agencies and investors.

www.cmbs.com

www.backshop.com