7/2/2009

Banks may soon become "accidental landlords" as problems mount for the commercial real estate sector. A flood of foreclosures could hurt the already damaged reputation of banks. "You can imagine some of the places where you might get the most public reaction. Suppose that you had municipal buildings that had been mortgaged to a bank. Suppose you had a nursing home," said Ralph "Chip" MacDonald, a partner with Jones Day.

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