Study: Commercial real estate crisis looms (12:40 p.m. 2/11/10)
Published: February 11, 2010
Tags: bank failures, bubble, commercial property, commercial real estate, Congressional Oversight Panel, Federal Deposit Insurance Corp., Treasury
By Daniel Wagner AP Business Writer Washington — Over the next several years, failed commercial real estate loans could litter American cities with empty stores and office complexes, cause hundreds of bank failures and weaken the economy, according to a monitor’s report. Banks face up to $300 billion in losses on loans made for commercial [...]