Wednesday, Nov 04, 2009
U.S. Fed concern over commercial real estate loans
Investors.com: Commercial Real Estate Loans A Growing Problem For Banks
In an Oct. 28 report that has attracted the attention of several government agencies, Parkus predicted that "many hundreds" of banks will fail due to their exposure to commercial real estate.
On Friday, billionaire Wilbur Ross lent his voice to those predicting a "huge crash in commercial real estate," Bloomberg reported. Fellow megainvestor George Soros predicted a "bloodletting."
Posted by novice pete @ 07:13 PM (377 views) Add Comment
4 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. novice pete said...
more on this here,
http://business.theatlantic.com/2009/11/500_billion_of_commercial_real_estate_to_mature_soon.php
2. estrader said...
Bozo Bernanke's phone must be ringing of the hook with people on the other end screaming..."We need more money"
And they will get it.
3. cynicalsoothsayer said...
Our work had to leave our office for another last month cos the landlord went bust due to the building being half empty. The next door office is completely empty and I drive past many more also empty on the way to work. This must be hurting the owners and their banks.
4. crunchy said...
2. estrader
May I make a tiny correction it's "ook"
Dont know quiet what to do with me do you? A bear with a sore head. lol