Call it manageable
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At least Treasury Secretary Janet Yellen did when describing banks with souring commercial real estate investments. Stock in New York Community Bancorp, a regional bank with commercial real estate loans, fell nearly 30% on Tuesday, and Moody’s downgraded the bank’s credit grade to “junk” status. We examine. Also on the program: why some college athletes are looking to unionize, and why people in India are lining up for work in Israel.
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