Monday, November 02, 2009

COMMERCIAL LOAN DEFAULTS LARGE POTENTIAL RISK TO BANKING SYSTEM IN US FOR 2010

Reading an interesting article on CNBC.com on the risk that Commercial Real Estate Loan defaults may create for the US banking system for 2010. This has been a common theme in various articles & discussions that I have come across, including a book called 'The Great Depression Ahead' by Harry Dent JR. Sounds pessimistic despite the moderate rally that the US & world economies seem to be experiencing. Could this be a legitimate danger ahead?

Read the article Banks at Risk Over Property Loans: Fed's Greenlee from Reuters via CNBC.com.