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Ardent Listener
Administrator
USA
4841 Posts |
 Posted - 05/21/2010 : 06:42:39
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Commercial real-estate market weighs on banks
WASHINGTON—A total of 775 banks, or one-tenth of all U.S. banks, were on the Federal Deposit Insurance Corp.'s list of "problem" institutions in the first quarter, as bad loans in the commercial real-estate market weighed on bank balance sheets.
Poor loan performance in other sectors also continued to hurt banks, with the total number of loans at least three months past due climbing for the 16th consecutive quarter, FDIC officials said in a briefing on Thursday.
"The banking system still has many problems to work through, and we cannot ignore the possibility of more financial market volatility," FDIC Chairman Sheila Bair said.
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Think positive. |
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AGCoinHunter
Penny Hoarding Member
USA
685 Posts |
Posted - 05/21/2010 : 09:05:50
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| As this second wave hits, commercial real-estate is going to get slaughtered if it hasnt already. Its way overbuilt and businesses are going under at an alarming rate. No rents = forclosure because of how highly leveraged the property owners are. And they though residential real-estate was bad... |
"All tyranny needs to gain a foothold is for people of good conscience to remain silent."
-Thomas Jefferson
"There is no difference between communism and socialism, except in the means of achieving the same ultimate end: communism proposes to enslave men by force, socialism—by vote. It is merely the difference between murder and suicide." - Ayn Rand
________________________________________________
Lenin: Class-based International Socialism
Hitler: Race-based National Socialism
Obama: Class- and Race-based Post-National Socialism
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cptindy
Penny Hoarding Member
572 Posts |
Posted - 05/21/2010 : 09:53:21
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Consolidation = Control
I agree with AGCoinHunter |
"It is the nature of the human species to reject what is true but unpleasant and to embrace what is obviously false but comforting"
" The average man doesn't want to be free. He wants to be safe."
H.L. Mencken
http://silver-news-today.com/ |
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/21/2010 : 12:07:08
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Wait until the bulk of the Alt-A ARMs start resetting in the next few months... It will make the commercial real estate collapse look like chump change. Plus, we're still not done dealing with the Sub Prime debacle. Folk's, you ain't seen nothin' yet... 
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Bluegill
1000+ Penny Miser Member
USA
1964 Posts |
Posted - 05/21/2010 : 12:09:59
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Credit card default still on the rise. Auto repo's still on the rise. Interesting times a comin'...
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Commercial real-estate market weighs on banks
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