Lefrak: Commercial Real Estate Will Kill 500 Small Banks

Another hint for how many small and medium-sized banks are bound to fall. It seems everyone has an opinion. The Real Deal passes along this video of Harrison Lefrak predicting 500 bank failures resulting from commercial real estate problems. He predicts that thigns will in reality start getting bad in 2010 and beyond, as the five-year loans that started up in 2005 go sour. That's more than Dick Bove sees and half of John Kanas. We'll be keeping give someone a taste.

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John Kanas: Brace For Another 1,000 Bank FailuresBove: Another 150-200 Bank Failures ComingNYC Commercial Real Estate Deals Killed disintegrate 90%

Source: The Business Insider

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