FDIC's Bair warns about commercial real estate loans

09/2/2009 | Reuters

Sheila Bair, chairwoman of the Federal Deposit Insurance Corp., said banks face a "looming problem" related to commercial real estate loans. She expects more bank failures to result from the issue. Bair also said despite the surge in problem banks, the FDIC will strive to avoid going to the Treasury to tap its line of credit.

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