US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008
by thisisinsider
US banks could get slammed with another $160 billion in losses as commercial real estate faces its biggest crash since 2008
by thisisinsider
8 comments
TL;DR:
* Commercial real estate could suffer its biggest crash since the Great Financial Crisis.
* That’s bad news for banks, which could see $160 billion in additional losses.
* That’s according to a recent NBER working paper, which examined the impact of the Fed’s rate hikes.
I noticed that the chart for the Bank Term Funding Program (BTFP) is showing increasing use of that program.
https://fred.stlouisfed.org/series/H41RESPPALDKNWW
(Click on 1Y)
This has kept me busy. Typically real estate hits community banks, however some of the classified loans I’m reviewing are with super regionals to the tune of $50M to $60M. Good collateral (real estate) but weak in value and cash flow.
let’s just get this out of the way right now. NO FUCKING BAILOUTS!!!! im sick of capitalist profits and socialist losses
“could”
They have been delaying this for like three years, so… it’s aboot time!
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