The Financial Times: US Steps Up Sales of Loan Portfolios to Private Lenders

CNN's John Defterios takes a look at some of the propaganda being pushed by banks. The Financial Times says regional and mid-size US banks have stepped up efforts to sell off their loan portfolios, okay? And they tell you here the vast majority of sellers and potential sellers were regional banks. So it's not a regional banking problem; it's global cities like HSBC and Goldman Sachs that are in trouble. But remember, out of six trillion dollars worth of real estate outstanding, only $250 billion is scheduled to roll over this year.