Nov 1 2009

Plan C as in Commercial Real Estate – FDIC: 115 Bank Failures in 2009. Total Assets of FDIC Insured Banks $13.3 Trillion. $3 Trillion Backed by Shaky Commercial Real Estate.

It is one thing when a few analysts say that commercial real estate, that $3 trillion elephant in the room, is going to experience trouble starting next year.  It is another thing when billionaire investor Wilbur Ross comes out and states that commercial real estate is going to crash and burn.  We’ve been looking at […]

Sep 2 2009

FDIC Insured Institutions have $13.3 Trillion in Assets. 8,195 Banks and 116 Institutions Hold $10.2 Trillion of Those Assets. One out of Four Institutions Unprofitable. 1,000 Banks Will Fail or Merge.

The banking system has taken the country to the financial edge of the greatest recession since the depression.  The enormous number of bad loans floating out in the economy only complicates the unemployment situation.  When we look into the latest banking data, we realize that over 1,000 of current banks will fail or merge with […]

Feb 12 2009

Monthly Foreclosures and the Dreaded Road Ahead: On Path to another 3,000,000+ Foreclosures for 2009. 1 out of Every 173 Homes Received a Foreclosure Filing in California. 8,800 Foreclosure Filings a Day in the United States.

Foreclosures filings in past economic downturns were usually driven by job losses or contractions in the economy.  In our current recession we had an interesting dynamic in that many foreclosures were caused by the actual mortgages given to borrowers.  This of course spurred the housing bubble but more importantly, positioned a double whammy for our […]

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