Commercial real estate mortgages face problems

Commercial real estate market faces gloomy predictions
Commercial real estate market faces gloomy predictions

Predictions of an imploding commercial real estate market in the U.S. are hardly new. But almost all the previous gloomy predictions came from analysts or folks in the commercial real estate business. So, when the government's own watchdog for the Troubled Asset Relief Program says things could get a lot worse -- and I mean a lot worse -- in the commercial real estate market, you just have to sit up and take notice.

Speaking on CNBC, Elizabeth Warren said that 50% of ALL commercial real estate mortgages in this country could be "under water" by the end of this year. In what amounts to what is surely a model for understatement, she called this prospect a "serious problem."