Commentary: CRE bubble was "significant"

01/8/2010 | NYTimes.com

Economist Paul Krugman compares housing and commercial real estate prices using a chart in a New York Times blog post. "From my perspective, the CRE bubble is highly significant; it gives the lie both to those who blame Fannie/Freddie/Community Reinvestment for the housing bubble, and those who blame predatory lending. This was a broad-based bubble," he said.

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