Commercial Real Estate Threatens Recovery: Congress

Law360, New York (February 2, 2010, 12:32 PM EST) -- A bipartisan coalition of U.S. House of Representatives lawmakers is urging federal regulators to take swift action to stem the deterioration of the $6.7 trillion commercial real estate market, warning that failure to do so could seriously imperil the country's economic recovery.

Paul Kanjorski, D-Pa., chairman of the House Financial Services subcommittee on capital markets, insurance and government-sponsored enterprises, and 77 House colleagues voiced their concerns in a letter dated Monday to Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Timothy Geithner, saying stronger regulatory...
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