"equitize their way out of some of their problems"

Once bitten, twice shy.

All of those investors buying into all the new REIT shares recently will be under water just about the time the rest of the REIT pack will be seeking to go to the well.

Who's going to give them $$ then?

Wilbur Ross only buys AFTER a reit drops dead - like AHM.

All the real smart $$ is going to sit on their hands and let CRE holders croak left and right. After the battle, they will scavange the carcasses on the battlefield.

It's less dangerous to loot dead bodies than to duke it out in real batttle.