Charlie Munger sounds alarm over US commercial property market.

Berkshire Hathaway Vice-Chair Charlie Munger warns of an impending storm in the US commercial property market as property prices fall and American banks are "full of bad loans." Munger notes that banks are already pulling back from lending to commercial developers and that there are a lot of troubled office buildings and shopping centers. He also acknowledges that banks are not easy to run intelligently and that there are a lot of temptations to do the wrong thing.