FDIC's Bair: Seriously worried about commercial real estate

10/8/2009 | NYTimes.com

Federal Deposit Insurance Corp. Chairwoman Sheila Bair, serving as keynote speaker at an event sponsored by American Banker, gave a fairly grim assessment of the nation's banking system. For the rest of this year, bank failures will continue at a "healthy clip," she said. Bair said she is deeply concerned about the likelihood the commercial real state sector will become an even more serious problem for the banks.

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