Over a month ago, Federal Reserve data made it clear that we weren’t out of the banking crisis. Today, it’s even worse. Not only have the regional banks not cleaned up their balance sheets and eliminated interest rate risk, but they’re holding a ticking time bomb on top of it all. Commercial Real Estate (CRE) is poised to implode small banks, even if those institutions arrest the plague of deposit flight.

The situation is eerily similar to the last real estate crisis, which of course was residential. The mortgage meltdown happened when millions of Americans couldn’t make their mortgage payments on time and the financial derivatives dependent on those timely payments plummeted in value.

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Iron Will

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