The trouble with commercial real estate
Courtesy of Tim Iacono at The Mess That Greenspan
Elizabeth Warren, Chairwoman of the Congressional Oversight Panel, talks about the ongoing troubles that community banks are having with commercial real estate loans as detailed in the panel’s latest report on the subject released earlier today – the outlook isn’t good.
The discussion that begins at about the 3:10 mark is pretty interesting as Fox Business News host David Asman references big Wall Street banks "having their arms twisted" to take TARP money in late-2008, a view with which Warren disagrees vehemently (I’m pretty sure she disagreed vehemently there but, admittedly, it was hard to tell).
