s skippy the bush kangaroo: more mortgage trouble ahead

skippy the bush kangaroo



Tuesday, March 30, 2010

more mortgage trouble ahead

this time of commercial nature.

by the end of 2010, about half of all commercial real estate mortgages will be underwater, said elizabeth warren, chairperson of the tarp congressional oversight panel, in a wide-ranging interview on monday.

“they are [mostly] concentrated in the mid-sized banks,” warren told cnbc. “we now have 2,988 banks—mostly midsized, that have these dangerous concentrations in commercial real estate lending." - cnbc

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posted by Cookie Jill at 10:05 PM |

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