BANZAI7 NEWS--NYT: Many people say they believe that a slump in commercial real estate prices will be the next major problem facing the nation’s banks.
It is apparently something that is worrying Senator Bob Porker, the pork barrel Republican of Tennessee. He suggested Thursday that banks might not be adequately prepared for a commercial real-estate decline — partly because they are counting on government bail out programs that may never materialize.
Commercial real estate decline? Federal bailout. Impossible!!!!!
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