Commercial RE next? How big is it?

REITs are down 70% from peak... have been for a while. So this isn't completely new news...

It's the derivatives tied to it that is taking down AIG and the rest....AIG needs another 60 billion on top of the 135 billion they took......they also borrowed about another 40 billion thru the FED back window...can you can Ponzi Scheme.........

Sorry... to answer your question it's about 1.2 trillion but there are CDO credit swaps that can default to the tune of tens of trillions..........

"it's about 1.2 trillion but there are CDO credit swaps that can default to the tune of tens of trillions.........."

That's what I was getting at. What we just don't need right now is another bunch of CDO's blowing up in our faces.

Yea you're right so do we bailout the Commercial RE assholes like Donald Trump who put no money down............? Next up it's credit cards and Capital one,AMEX etc......tanking and setting off more CDO defaults. I believe that market is about 1 trillion not to mention counterparty risk....oh wait...batter up..... car loans, student loans, business loans etc....do I leave anything out yet?

Consumer debt (on real-estate) is 2.6T(rillion) according to The Fed. Credit decreased by 3% in the 4th quarter (AMEX just announced a $300 buyout for cardholders today so looks like we'll see more contraction in consumer debt). The entire report is below. It ain't as big as mortgages but it's just as ugly. $656B securitized debt officially labeled as toxic...

http://www.federalreserve.gov/releases/g19/Current/

^^^ NON-Real estate (excuse the typo)

depends where