Wednesday, November 4, 2009

U.S. Fed concern over commercial real estate loans

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 (789 views)
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4 thoughts on “U.S. Fed concern over commercial real estate loans

  • 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.

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  • cynicalsoothsayer says:

    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.

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  • 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

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