Commercial real estate big part of Bear Stearns losses:

04/24/2009 | Bloomberg

A substantial portion of the losses the Federal Reserve has sustained through its acceptance of assets from failed mortgage bank Bear Stearns relate to commercial real estate, according to a recent disclosure by the Fed. The value of the commercial mortgages held by Bear Stearns and taken over by the Fed was subsequently written down by 28%, the central bank said.

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