"Many banks are pretty heavily exposed to commercial real estate," Lockhart said, citing a $400-billion overhang in commercial real estate financing. "It is also a big part of the securitization market. So commercial real estate is one that concerns me."
Lockhart added that this year's anticipated commercial crisis could be similar to that for residential real estate over the past two years: "That is one domestic factor that keeps me up at night." To read the entire Reuters article, click here.
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