FDIC’s Sheila Bair on Commercial Real Estate

Sheila Bair on commercial real estate (about 3:00 in):

Commercial real estate is a looming problem

Commercial real estate losses will be more of a driver in credit losses and bank failures

Commercial real estate is catching up

A little bit later the discussion turns to deposits protected by FDIC:

Nobody’s ever lost a penny of insured deposit, and nobody ever will

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