OCC "Come clean on Commercial RE Loans"

[Mike Kennedy]

Comptroller to Community Bankers: Come Clean on Commercial Real Estate

http://seekingalpha.com/article/73732-the-occ-s-dugan-decides-not-to-learn-from-history

Many community banks are in denial about commercial real estate loans involving residential properties, Comptroller of the Currency John C. Dugan said April 16, calling for aggressive action to identify problem loans and warning bankers not to hide problems.

"Right now, too many community bankers are having too hard a time coming to grips with the problems that have emerged in their commercial real estate portfolios," Dugan said during a luncheon sponsored by the Exchequer Club.

He added that the industry is moving into a more challenging environment. "We are into a period where we're going to have more bank failures, and more problems, and some problems are going to get farther along than we would like," Dugan said.

 

[Pamela Crowley (Florida)]

http://www.costar.com/News/Article.aspx?id=3B32371C95EEDB636851A22C74B28A1E

and

http://www.costar.com/News/Article.aspx?id=FC881A9F888DFD063BFA55DCA3FC53E0

 

[Karl]

May want to read up on how many survived the great Depression. History repeats itself, see what happens after next election.

SideBar: Gas at lake Mead docks, is reported to be $11 a gallon & going to $15 by July 4th week.

 

[Lloyd Bonafide]

SideBar: Gas at lake Mead docks, is reported to be $11 a gallon & going to $15 by July 4th week.

BYOB and BYOG