FDIC’s Sheila Bair urges banks to take losses on commercial loans

January 21st, 2010 | Tags: , , ,

Sheila Bair, chairman of the Federal Deposit Insurance Corp, said banks should try to modify troubled commercial real estate (CRE) loans, but must recognize losses if such a workout does not maximize value. “The losses need to be recognized,” Bair stressed to a conference of the Commercial Mortgage Securities Association. Bair, an activist regulator, has been hailed

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FDIC’s Sheila Bair urges banks to take losses on commercial loans

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