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Commercial real estate losses would wipe out entire banking system
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Tuesday, February 02, 2010
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From Zero Hedge:

In a note released earlier, Congressmen Paul Kanjorski and Ken Calvert stated that they are launching an "Effort Urging Federal Regulators to Address Growing Commercial Real Estate Market Concerns" which will focus on the economic implications of the "deteriorating conditions in the commercial real estate."

Luckily, Kanjorski bypasses the spin cycle and calls the repeat CRE bubble by its proper name:

"The growing bubble in the commercial real estate industry has the potential to infect...

Read full article...

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Topics: Real Estate
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