Heart of Darkness..............from Rico

CRE. Commercial Real Estate has fallen 37% in value this year. Not such a big deal...until you understand that $3 trillion in commercial real estate loans are outstanding, and defaults are at a 16-year high now BEFORE many of these loans reach their refinance dates!

The CRE implosion will take down many hundreds of banks in the next few years, and are ticking financial bombs on the balance sheets of thousands of banks.

- As an aside: We ALL know Rahm Emmanuel is a bare-knuckles politician of the Chicago political machine. What I did NOT know before today is that he was a 'bagman' (euphamistically called a 'fundraiser') for then Mayor Richard Daly.
............Talk about the Heart of Darkness in a 'reform' administration!!!!!!!!!!