Charlie Munger Warns of Troubled Commercial Property Loans in US Banks.
Charlie Munger, the vice chairman of Berkshire Hathaway, has raised concerns over the poor-quality commercial real estate loans held by American banks. Despite the recent collapse of three major U.S. banks and the expected seizure of First Republic Bank by the federal government, Munger emphasized that the current situation is not as severe as the 2008 financial crisis. American banks hold nearly $1.5 trillion in debt, which is due by the end of 2025, and the decreasing value of this property has raised concerns. Munger expressed optimism that the economy’s current troubles will not be as severe as they were back then.