Sawyer Profiles “Move Your Money” on ABC

[Rajiv]

Sawyer Profiles “Move Your Money” on ABC

The Move Your Money campaign — the brainchild of Robert Johnson and friends– is profiled on ABC as the state of New Mexico prepares to shift billions from big banks back to community banks.

[D-Mack]

Re: Sawyer Profiles “Move Your Money” on ABC

I wonder if this has something to do with it?

Commercial Real Estate Losses and the Risk to Financial Stability

The Congressional Oversight Panel's February oversight report, "Commercial Real Estate Losses and the Risk to Financial Stability," expresses concern that a wave of commercial real estate loan losses over the next four years could jeopardize the stability of many banks, particularly community banks. Commercial real estate loans made over the last decade - including retail properties, office space, industrial facilities, hotels and apartments - totaling $1.4 trillion will require refinancing in 2011 through 2014. Nearly half are at present "underwater," meaning the borrower owes more on the loan than the underlying property is worth. While these problems have no single cause, the loans most likely to fail are those made at the height of the real estate bubble.

http://cop.senate.gov/reports/librar...021110-cop.cfm

[Rajiv]

Re: Sawyer Profiles “Move Your Money” on ABC

Posted that as well in a separate thread with Elizabeth Warren's video -- and yes the thought had in fact crossed my mind