500 banks could fail between 2010 and 2011 as Commercial Real Estate loans begin to default. Commercial Real Estate values have fallen 40%, but many of their loans must be refianced in the next 3 years as their loans reach maturity. FDIC has less than 10 billion dollars to cover what could be a Trillion dollar Banking loan default.
Posts Tagged ‘ Defaults ’
A second wave of home defaults will strike Banks in 2010-2012. Over $1.5 trillion dollars of bad home loans will threaten the banking system and risk economic collapse. Condensed from a 60 minutes expose. Video response shows Option ARM reset chart 2010-2012
Second Wave Of Mortgage Defaults