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Construction Loans Falter, a Bad Omen for Banks

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BAD LOAN ON THE HORIZON
"It is in commercial real estate construction — be it stores or office buildings — that the pain seems likely to rise," Floyd Norris writes in the New York Times. "At the end of June, $291 billion in such loans was outstanding, down only a few billion from the peak reached earlier this year."
SOURCE:   New York Times

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