3 ms·
this isn't really a new argument.. see this NYT article from October, which was one of the first major outlets to pick up on the story.. http://www.nytimes.com/
by jwb119 18y ago
this isn't really a new argument.. see this NYT article from October, which was one of the first major outlets to pick up on the story.. http://www.nytimes.com/2008/10/29/business/29credit.html http://www.nytimes.com/2008/10/29/business/29credit.html
having said that, i completely agree that the CC storm is something to be concerned about
- MaysonL 18y agothe CC storm is something to be concerned about as is the commercial real estate crash that is in the process of unfolding... http://www.calculatedriskblog.com/2009/01/cre-when-reserve-runs-dry.html http://www.calculatedriskblog.com/2009/01/cre-when-reserve-r... many local and regional banks have larger exposure to commercial real estate and construction loans than to residential mortgages