Commercial Real Estate Threatens "Hundreds of Banks"

In case you've still got money in a bank, Bloomberg is warning that defaults in commercial real estate loans could "topple" hundreds of US banks. - PETER ST ONGE
"Leaving taxpayers on the hook for trillions in losses.
The note, by Senior Editor James Crombie, walks us through the festering hellscape that is commercial real estate.

Pre-Bailouts and Free Money

• To set the mood, a new study predicts nearly half of downtown Pittsburgh office space could be vacant in 4 years. 
• Major cities like San Francisco are already sporting zombie-apocalypse downtowns, with abandoned office buildings baking in the sun...