Word: jackson
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...Over the next four years, a wave of commercial real estate loan failures will add to the pressures on the struggling American economy,” said panel spokesman Peter Jackson. “$1.4 trillion in loans will come up for refinancing between...
...crisis] has the potential to jeopardize small businesses,” Jackson said. “Community banks stand to suffer the most and they are the primary lenders to small businesses...
...Jackson added that a wave of community bank failures may “prolong the already painful recession...
Noting that “there are a lot of different tools in the toolbox when it comes to strategies for the threat posed by commercial real estate to the financial industry,” Jackson said the report does not recommend one specific course of action...
...panel was clear that when it comes to the idea of injecting more capital into financial institutions,” Jackson said. “There are investors that made some bad bets in commercial real estate and everyone doesn’t deserve new funding...