Commercial real-estate distress shows few signs of abating and continues to push U.S. banks to—or past—the brink of collapse.
Troubled commercial real-estate loans accounted for more than 65% of problem loans among the 11 banks that failed in October. While the number of failures was up month over month in October, the percentage of troubled commercial real-estate loans was lower, as the six banks that failed in September saw an 82% percentage of commercial loans among all problem loans.
The auctions continue for Solyndra…
From The New York Times
This week, auctioneers will sell off many of Solyndra’s assets, including Herman Miller chairs, laptop computers and miles of copper wiring. But the real steals will lie in the exotic manufacturing tools, which could go for 25 to 90 percent off.