15.07.2009 - Commercial property bust threatens U.S. banks
From Forbes: Although it is smaller than the residential housing market, the deepening U.S. commercial property market bust could have a major impact on the banking system in general and on regional banks in particular. It could also substantially affect non-residential U.S. investment. The Fed estimates that the size of the U.S. commercial property market is $6.5 trillion, or approximately one-third the size of the housing market. Commercial property loans outstanding are an estimated $3.3 trillion, also roughly one-third of the $10 trillion in residential mortgages outstanding.......Full Article: Source