Over the weekend we reported that the credit crunch had entered the crash phase when we showed that in the last two weeks of April, a record $105 billion in commercial bank loans and leases were either sold, discharged or otherwise transferred from bank balance sheets… … and we followed that up by showing that the bulk of loan declines was due to Small bank real estate loans, a clear indicator that the commercial real estate collapse was starting to impact bank solvency (something we warned about one month ago ). Yet while credit was clearly collapsing at the […]
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