The Company

General Growth Properties is the second largest shopping mall owner/operator in the United States, trailing only Simon Property Group. The Chicago-based real estate investment trust (REIT) is also the largest third-party manager of regional malls.  GGP is primarily owned by the founding Bucksbaum family.  4

Who Are The Bucksbaums?

The family originated in Poland, then fled to Romania, and arrived New York around 1890.

The Real Estate Founders

The company was founded by two brothers, Martin and Matthew Bucksbaum, in 1954. Both were draft age but there are no war records. 6

The Second Generation

Jonathan Bucksbaum runs the company today. 6

Noted New York Socialites

The Bucksbaums were no longer Polish refugees from the Krakow Ghetto, today they are bluebloods.

Whoops!

It seems the fabulous Buckbaums failed to see the real estate collapse. So far there is $30 billion in debt, and another $18 billion in stock that has 'Vanished'.

How Is it Done?

It doesn't take a brainchild to see the real estate show was over. So how does a real estate developer bail out?

• REITs ...................... Real Estate stock trusts sold to the public.
• Refinancing ...............You see Shem Berg at the First National and take out a series of loans.
• Sales to Associates... Jakob Fine goes to the bank, borrows $25 mil, and buys your mall.
• Bankers.................... All the money comes from bankers, and when the loans go bad, they get bailed out.

What About The Malls?

The loans defaulted so the banks collapse, so American taxpayers have to bail out the banks. Now the Federal Government owns the malls, and they resell the mortgage for ten cents on the dollar. Naturally the Federal Mortgage will finance the transaction..

The buyers will be newly formed corporations, and other Zionist owned mall runners, like Simon properties.