Well it looked like somebody besides the Real Estate Roundtabletook note of the Congressional Oversight Panel's report on theproblems facing the commercial real estate industry.U.S. SenateBanking Committee Chairman Christopher Dodd specifically referencedit in a letter to regulators in which he requested action as wellas an update on efforts taken to stabilize the sector. The letterwent to Fed Chairman Bernanke and as well as other topofficials.Dodd, though, may want to look to his own house as well-- that is, Congress -- as he starts asking these much-neededquestions. For example, the report made clear how much smallercommunity banks are at risk from now underwater or just plain riskycommercial real estate loans. But efforts to aid those that will bemost impacted, namely small businesses is bogged down in thebickering that has become the legislative process. This logjamincludes, ironically, a proposal to help small businesses refinanceowner-occupied commercial real estate.But at bottom Dodd is on theright track. Washington for the most part has ignored the impendingproblems facing commercial real estate. A wave of defaults couldeasily tip the economy back into recession. If regulators andCongress continue to offer up solutions -- TALF being one exampleeven though it is in the process of being phased out -- the worstprojections might be avoided.