Experts agree that 2010, because of maturing commercial property loans, will be another ugly year for U.S. banks, but they can't say how bad it will be. Nobody knows what the loans are worth because banks aren't required to write them down to market value, BusinessWeek said in a lengthy story addressing the problem. "In addition to losses caused by declining property cash flows and deteriorating conditions for construction loans, losses will be boosted by the depreciating collateral value underlying those maturing loans," said Jon D. Greenlee, a federal bank regulator.

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