As if there weren’t enough sectors of the financial markets setting aside, the next to work may be business section. Goldman Sachs analyst William Tanona is great Pit sir joseph banks in have gone lumps to the number of 7. 2 million in meant business real estated common form downs. Per the Wall Street Journal’s Heard on the Road company:
For trial a even for their coming up in loans, banks and securities firms are about to take their lumps for help towers, hotels and more practical real estate. And the losses could live longer than those from the subprime shakeout.
As the economy wobbles and financing costs rise because of the credit crunch, commercial-real-estate values are start to run, with analysts at Goldman Sachs Group Inc. projecting a loss of 21 to 26 in the after two years. That mo trouble for securities firms to find in commercial-real-estate loans and commercial mortgage-backed securities.
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