Commercial Real Estate Loans Gone Bad: Banks Imperil
Biggest banks loan money to commercial real estate developers are a leading the way to troubled bank list by the FDIC. The FDIC trouble bank list now has over 500 banks which could collapse any day! Unless President Barack Obama addresses the structural problems that caused the recession–bad loans and securities on the balance sheets of regional banks and huge trade deficits on oil and with China–the recovery will not be strong … Regional banks labor under the weight of commercial real estate failures. Meanwhile the Chief Community organizer AKA Barack Obama, should be heading back to his home town to help put out the fires he createt through his bronw shirt organization ACORN, to rescue 39 Chicago Banks with bad real estate loans!
Rod Dreher from Crunchycon , a conservative blog about politics and religion, says
“A year from now, the landscape of America will be forever changed. The office and retail markets will be vastly different than they look today. Not much of it will be good. Five years from now, will empty shopping centers and auto dealerships remain shuttered or will they be rebuilt or torn down and their use converted to something more productive? Will our politicians cease their meddling in the market and allow the market to heal itself? These are questions that will haunt our economy for the next decade.”
There have been 124 bank failures this year as toxic assets, including mortgages and construction loans gone bad, have mounted on lenders’ balance sheets.
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