Feedback: Banks' CRE Losses Overstated

Re "CRE Shackles Smaller Banks, But the Big Ones Escape," Feb. 12] The top 50 banks' exposure to the commercial real estate asset class is around $700 billion in total and accounts for the vast majority of outstandings. [The Congressional Oversight Panel's estimate of] $300 billion in losses [in coming years] implies a 42% overall loss rate, which just isn't plausible.

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Sean Burke
New York
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