[Zakeet]

I read somewhere on FR this week that 2.2 trillion in comml. real estate loans are delinquent(90 days or more of nonpayment).

Who knows? The Feds have been cooking the books so much lately nobody knows what's going on. And Congress refuses to let the GAO audit their books because "we wouldn't understand, and don't really want to know."

[stephenjohnbanker]

“Who knows? The Feds have been cooking the books so much lately nobody knows what’s going on. And Congress refuses to let the GAO audit their books because “we wouldn’t understand, and don’t really want to know.”

LOL! Cooking the books is the understatement of the decade. Typical elitist response “we wouldn’t understand”. I guarantee you, I would understand.