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Posts Tagged ‘CRE’

European Bank Stress Tests? Nein, Danke!!

Posted by Larry Doyle on June 1st, 2010 8:58 AM |

How do you think the wizards in Washington are feeling about the European bailout structured two weeks ago at their behest? In those two weeks, the Euro has plummeted another 5%, equities continue to suffer, and credit spreads continue to widen.

Our Washington wizards are looking back into their bag of tricks and now recommending another of their ‘shell game’ proposals to their European counterparts. Which proposal might this be? How do you spell charade? Try, bank stress tests.

Treasury Secretary Geithner is pressuring European central bankers to perform and release bank stress tests as a precursor to restoring financial health and stability into the European system. The Wall Street Journal highlights Geithner’s recommendation this morning in writing,¬†U.S. to Push Europe on Stress Tests:

The U.S. intends to urge Europe to disclose publicly the results of bank stress tests as a way to calm jitters over the health of the Continent’s financial system, U.S. officials said. (more…)

Elizabeth Warren Calls for New Bank Stress Tests

Posted by Larry Doyle on February 11th, 2010 9:34 AM |

The initial Bank Stress Tests run by Treasury Secretary Geithner were largely a sham. I questioned as much last April in writing, “Bank Stress Tests: Major Sham?”:

As with any test, the results are only meaningful if the process and proctor have unquestioned integrity. The proctors for the Bank Stress Test are none other than Treasury Secretary Tim Geithner and Fed chair Ben Bernanke. Why is a testing authority of the magnitude of FDIC, led by Sheila Bair, not more involved in the process? Ms. Bair is the one individual in our country with the greatest level of interaction with and understanding of the student body, that being the banking industry as a whole and individual banks specifically.

What does the FDIC, led by Ms. Bair, have to say about the upcoming Bank Stress Tests? The New York Post provides a CHILLING perspective: (more…)

Commercial Mortgage Delinquencies May Not Peak Until 2012

Posted by Larry Doyle on January 11th, 2010 2:50 PM |

I have yet to find a financial site that aggregates as much quality material as Wall Street Pit. With over 160 authors from leading universities, central banks, think tanks, and private enterprise, there is little that gets by this crowd. The quantity of the Wall Street Pit material is only exceeded by the quality. Amidst my reading and reviewing today, this commentary stood out as it addresses perhaps our weakest domestic economic link, commercial real estate.

Commercial real estate [CRE] continues to face significant pressures in the U.S. as the level of delinquencies increases.
Defaults on hotel, office, and retail loans are driving up delinquency rates for CRE loans, with strong concentrations in the multifamily segment, which represents parts of the US hit hardest by the housing crisis, Fitch Ratings said in its latest Loan Delinquency Index report. (more…)






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