John Lounsbury
John Lounsbury
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Commercial Real Estate: Is There a Bottom in Sight? [View article]
Another great article. Real estate of all kinds are causing problems right now. The CRE problems may be smaller is absolute dollar amounts but they are larger on a percentage decline basis than residential RE. As a result they have a large impact on banks, which have retained a lot of unsecuritized CRE debt as assets.
In February, the Oversight Report of the Congressional Oversight Panel chaired by Elizabeth Warren identified the number of banks with dangerous exposure to CRE loans to be 3,000. (seekingalpha.com/artic...)
You have highlighted the continuing economic burden of collapsing CRE values which has not been getting the attention it deserves. Great job.
Wall Street Breakfast: Must-Know News [View article]