Prominent Commercial Mortgage Lender Says US and European Banks Will Struggle to Raise Capital

Prominent Commercial Mortgage Lender Says US and European Banks Will Struggle to Raise Capital
The residential and commercial mortgage crisis has devastated the balance sheets of US banks and brokerage firms, forcing them to raise capital through traditional and non-traditional sources just to remain solvent. In this article the President of MasterPlan Capital, a prominent commercial mortgage lender, explains that the banking giants of Europe now also have to shore up their books through massive securities offerings and asset sales. But, unfortunately, investors, both at home and abroad are more fickle and more demanding than they were earlier in the year when American firms needed rescuing. In sobering terms the author, a 20 year Wall Street veteran, details the severity and seriousness of the problems facing the western world's banking system.