theyTOLDyou | Congressional Panel "Deeply Concerned" over Commercial Real Estate @theyTOLDyou | Uploaded February 2010 | Updated October 2024, 3 hours ago.
theytoldyou.com/3663/Congressional-Panel-Deeply-Concerned-over-Commercial-Real-Estate

In an interview on CNBC's Squawkbox this morning, COP chair Elizabeth Warren said simply, "Well it's bad."

Then she explained, "We're looking at a situation where about half of all commercial real estate loans are going to be underwater by the end of this year, and that is going to have a direct impact on about 3,000 community banks, or about 40 percent of our entire banking system." Not good.