2009-10-07nakedcapitalism.com

There has been a peculiar disconnect between the “the crisis is over, on with the recovery” drumbeat of news, and the sobering reality that a good deal of credit bubble overhang still remains to be dealt with.

One of the biggest areas is commercial real estate. Various experts, including Apollo Management’s Leon Black warned of $2 trillion in losses in the offing in the commercial real estate arena. Yet those losses seem not to have hit bank balance sheets and earnings.



Comments:

catherine at 02:19 2009-10-08 said:
foreclosures are rising, not falling, commercial loans are starting to fall like foreclosures started 3 years ago and credit cards are tanking

JUST WHAT ARE THE GOOD INVESTMENTS THE BANKS ARE SITTING ON??? Permalink

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