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"But when it's crowded it gets bad, real bad".
Erb collapsed in December, citing bad real estate deals.
But from outside the state, it looks bad, real bad.
Lehman, saddled with bad real estate assets, filed in 2008 with about $613 billion in debt.
The extra costs associated with bad real estate loans weighed on the bank's performance.
The bank's volume of bad real estate loans in Spain and abroad continued to rise.
Most are small community banks, saddled with bad real estate loans.
"It's been a perfect storm of bad real estate mojo," he said.
Sure, times is bad, real bad, but we're gonna get through this.
SunTrust Banks of Atlanta reported a 21percentt drop in profit, reflecting bad real estate loans.
"Then all of a sudden, it got real bad, real quick," Mr. Fetter said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com