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1y ago

US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008

www.businessinsider.com US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008

Up to 20% of commercial real estate loans could end up defaulting, comparable to rates seen since the Great Recession, researchers said.

US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008

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6 comments

Not to worry... our tax dollars will gladly go to the billionaires who have made horrible decisions and investments and lost their asses.
We, the taxpaying public, LOVE bailing out all the "too big to fail" firms when they fuck up due to greed and stupid shortsightedness.
- I mean the alternative is the economy collapses... people really need to understand systemic risk.
  However I do think they could and should bail out and nationalize. Let their profits reduce my tax burden.
  
  How about this: bail out the banks in exchange for shares, and jail the billionaires who gambled with everyone's money?
  
  Overhaul the entire financial industry enforcing the laws we already have and use our past laws as a blueprint to create new laws that will prevent this fraud and robbery from ever happening again.
  Lengthy prison sentence's is a good start, their assets should be seized to pay back the taxpayer as well as a 70% tax rate on any company worth a billion dollars +. Any insolvent companies should be taken over by the government and owned by the public.
  Since our entire government is owned by special interests I don't see anything but a bailout happening though.

6 comments