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02-19-2010, 01:24 AM #1Senior Member
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Warren: Sour Real Estate Loans May Sink Banks
Warren: Sour Real Estate Loans May Sink Banks
Wednesday, 17 Feb 2010 03:30 PM
By: Forrest Jones
Commercial real estate loans could turn sour and threaten an already fragile U.S. economy unless regulators prepare now, says Elizabeth Warren, a Harvard law professor and chairman of the Congressional Oversight Panel of the Troubled Asset Relief Program.
Between 2010 and 2014, about $1.4 trillion in commercial real estate loans reportedly will reach the end of their terms, and about half of those loans are “underwater,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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