GoldenNetworking.com's Distressed Investing Conference to Analyze FDIC Selling Off $1 Billion in Troubled Loans to Colony Capital

New York, NY, February 07, 2010 --(PR.com)-- The Federal Deposit Insurance Corp. said Los Angeles-based Colony Capital Acquisitions was the winning bidder to take a 40% ownership stake in a jointly formed company that will hold the loan portfolio. This transaction, for which Colony Capital paid $90.5 million, will be dissected by distressed investing experts at GoldenNetworking.com's Distressed Investing Leaders Forum 2010, February 26th, New York City, Leaders Forum that will attract more than 200 members of the Distressed Investing community, including business executives, professionals and entrepreneurs in private equity firms, hedge funds, financial sponsors, investment banks, limited and general partnerships, lenders, accounting and law firms, and portfolio companies.

As reported in The Wall Street Journal, "The loans making up the portfolio represent seriously distressed assets from 22 banks that have failed in the last two years. The FDIC said the $1.02 billion portfolio is made up of approximately 1200 distressed commercial real estate loans, 70% of which are delinquent. The lion's share of the loans, 75%, are for properties in Georgia, California, Nevada and Florida, states that have been among the hardest hit by the tumult in the real estate market. "

Distressed Investing Leaders Forum 2010 is produced by GoldenNetworking.com (http://www.goldennetworking.com), the premier networking community for businessmen, entrepreneurs, professionals and diplomats, founded by former McKinsey consultant Edgar Perez. Upcoming Leaders Forums and Business Networking receptions include:
· High-Frequency Trading Happy Hour (http://www.HFTHappyHour.com), March 1st, 2010, New York City
· Hedge Funds Leaders Forum 2010, "Generating Alpha in Challenging Times" (http://www.HedgeFundsLeadersForum.com), March 18th, 2010, New York City
· Banking M&A Leaders Forum 2010, "Have Deal-Making Hit Bottom Yet?" (http://www.BankingLeadersForum.com), March 25th, 2010, Washington DC
· Venture Capital Leaders Forum 2010 (http://www.VCLeadersForum.com), April 15th, 2010, Boston, MA
· Real Estate Leaders Forum 2010 (http://www.RealEstateLeadersForum.com), April 22nd, 2010, New York City

Panelists, speakers and sponsors are invited to contact GoldenNetworking.com by sending an email to info@goldennetworking.com. GoldenNetworking.com has been frequently featured in the press, including a recent article in The New York Times, "GoldenNetworking.com Helps Job Seekers Make Overseas Connections" (http://www.nytimes.com/2009/11/07/nyregion/07network.html).

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