» Christopher Grey - Big Government

Christopher Grey

Christopher Grey is a Managing Partner and co-founder of Third Wave Partners, LLC. Third Wave is a leading restructuring advisor, distressed situations expert, and turnaround operating company focused on the real estate industry. Previously, he was a Managing Director in the California office of Emigrant Realty Finance, LLC, which is the real estate group of Emigrant Bank, a New York based financial institution with $17 billion of assets. Founded in September 2005, the California office of Emigrant Realty Finance completed and managed on balance sheet $2.5 billion of debt investments. Prior to joining Emigrant, Grey was a Managing Director and co-founder of Crestridge Investments, an affiliate of Highridge Partners, which is a privately held Los Angeles based investment company that has completed $6 billion of principal transactions. At Highridge, Grey completed $600 million of bridge, mezzanine, and equity investments in real estate as well as structured corporate finance investments in several public and private companies. He joined Highridge in 1998 from Douglas Emmett Realty Advisors, where he completed nearly $800 million of real estate acquisitions. Prior to joining Douglas Emmett, he completed $900 million of acquisitions, joint venture equity, and debt investments in real estate at JMB Realty and Heitman Financial. Grey is a founding member of the Capital Markets Forum II of the National Association of Office and Industrial Properties. He is also founder of and on the Steering Committee of Stanford Professionals in Real Estate and a Columnist and Contributor to TheStreet.com and RealMoney.com. He is a graduate of Stanford University with a degree in Economics and holds a California real estate broker's license.

The Real Axis of Evil: Washington, the Fed, and Wall Street

by Christopher Grey

As Washington extends its reach farther into our lives and limits our freedoms, the Fed destroys the value of the dollar and our savings, and Wall Street continues to make billions of dollars using taxpayer money without creating any sustainable growth for the economy, Americans should begin to ask ourselves who our enemies really are. Sure, Iran, Syria, and North Korea are evil. I would love to see their regimes destroyed, but they haven’t really done anything to interfere with my life as far as I know. On the other hand, I can identify exactly the many ways that Washington, the Fed, and Wall Street are destroying our freedoms and our economy and stealing our and our children’s future.

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Let’s begin with Washington. They want to take a broken health care system and make it worse by further injecting government. They’re going to raise taxes even though people are struggling with the worst economy in decades. They’ve started a job-killing trade war with China–our largest trading partner and our largest lender–to pacify Big Labor. They’ve given hundreds of billions of dollars of taxpayer money to insolvent and poorly managed, but politically connected, Wall Street banks and Detroit car companies in the name of saving our economy. We’ve continued to lose millions of jobs anyway. They’ve spent additional hundreds of billions of taxpayer dollars on a stimulus that was supposed to create jobs. Treasury Secretary Tim Geithner says there will be jobs some day, but should we really believe him? This is the same guy who thought subprime lending wasn’t a problem. The same guy who thought it made sense to give billions to lender CIT. How did that work? Oh, right, they’re bankrupt now.

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