Monday, July 20, 2009

Yea, the Stimulus Has Worked ... Or NOT!!!

From the Washington Post, "U.S. banks have been charging off soured commercial mortgages at the fastest pace in nearly 20 years, according to an analysis by The Wall Street Journal. At that rate, losses on loans used to finance offices, shopping malls, hotels, apartments and other commercial property could reach about $30 billion by the end of 2009."

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