Charlie Munger warns of bad loans in US commercial property market.
TL;DR Summary
Charlie Munger, vice chair of Berkshire Hathaway, has warned that US banks are "full of" bad loans on commercial property. He observed that banks were already retreating from commercial property and that "every bank in the country is way tighter on real-estate loans today than they were six months ago."
- Charlie Munger says banks 'full of' bad loans on commercial property: report MarketWatch
- Charlie Munger reportedly warns of trouble for the U.S. commercial property market CNBC
- Charlie Munger: US banks are 'full of' bad commercial property loans Financial Times
- Munger Warns Banks Stuck with Commercial Property Debt, FT Says Bloomberg
- 'Not As Bad As 2008': Buffett's Vice-chair Says US Headed For 'mild' Recession - I24NEWS i24NEWS
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