Real Estate Commercial Community Banks Will Be Hurt Soon Elizabeth Warren

Tags: Commercial Real Estate Crash, Elizabeth Warren, Frank-Dodd Financial Bill

According to Elizabeth Warren of Harvard Law School, who may soon become the head of the Consumer Protection Agency provided in the Financial Reform Bill, considers this law something the common folks will greatly appreciate. Lobbyists from banks spent the most time and money trying to stop the passage of this bill.

Not appreciated enough is the role of Barney Frank and Chris Dodd in passing a good bill in spite of complaints by both ultra conservative Republicans and Liberals who I found did not understand politics of compromise, money, and obstruction by Republicans. Frank thinks they got just about everything they wanted! www.charlierose.com 5/15/2010

Remember the Financial Sector is now 62% of our GDP so the Frank-Dodd Financial Reform Bill had to be designed so as not to destroy our economy, something that may have happened if liberals or ultraconservatives got their wish. Too much or nothing done.

Warren is extremely popular with the public because she is very easy to understand and talks to us honestly.

The Senate passed sweeping financial services reform this week after two years of intense debate.

I speculate that the price of commercial real estate REITS are already priced for this possibility so I invested in this area. I could be wrong, but I like to invest when no one else wants to for whatever reason or not.

Jim Kawakami, July 17, 2010, http://jimboguy.blogspot.com

Real Estate Commercial Community Banks Will Be Hurt Soon Elizabeth Warren

The 2,300 pages of the Restoring American Financial Stability Act of 2010 comes as home foreclosures have hit a historic high but another potential real estate crisis looms. Many commercial real estate loans will mature soon, and community banks will feel the strain if property owners can’t pay — much in the way bigger financial institutions did before the $700 billion Troubled Asset Relief Program began. Video: http://www.pbs.org/wnet/need-to-know/economy/the-next-foreclosure-crisis/2303/

Can financial reform repair a broken credit market given these huge challenges? And what’s in it for the average American?

Need to Know asks Elizabeth Warren, chair of the Congressional Oversight Panel that has been monitoring the bank bailout and keeping tabs on all of the TARP money. Warren is now believed to be the frontrunner to head up the new Consumer Protection Agency, which has been proposed to help consumers better understand financial products.