Commercial real estate in real trouble

Not news to us, as the predicted bankruptcy of the General Growth Properties REIT was as inevitable as GM's and Chrysler's. But Deutsche Bank's analysis could be even grimmer than mine, if that's possible.

http://moneynews.newsmax.com/economy/commercial_real_estate/2009/06/23/228099.html

Chrysler files BK

Chrysler filed for Chapter 11, as more taxpayer funds were thrown down the rat hole once again. This bankruptcy should have occurred six months ago, but the government had to throw more dollars at it.

Obama spun Chrysler's demise like it was a desirable outcome. Necessary, but certainly not desirable...there is a huge difference. This is just a barometer for how far down American industry has declined.