Posted On: June 30, 2005, 3:12 pm CDT

Posted By: dave

I know I am probably asking an impossible question to answer,but what is the Treasury Department thinking? Obviously they have forgotten the devastation that was prevalent In the Commercial Real Estate Market when the cost of terrorism coverage was so prohibitive, and no lending institution would close a property deal without terrorism coverage. There is no doubt if TRIA or some other similar legislation is not renewed or enacted there is going to be a negative impact on the economy. There will be a slow down of growth in the Real Estate Sector, and I am sure other companies with terrorism coverage are not going to absorb this cost without passing it on to the end users (consumers). Is it possible that the failure to renew TRIA or similar legislation will be the trigger that leads us into recession? I believe very strongly if this recommendation by The Treasury Department is followed by Congress it is going to have large tenacles that will effect our economy for much longer than they realize.