And managing your business in a sound and prudent manner. These are not unreasonable standards to expect, I believe. Indeed, we believe they are the standards to which most firms and individuals already hold themselves. Ensuring clearer accountability is not unreasonable.
Commercial real estate lending played a central role in the banking problems of the late 1980s and early 1990s and has historically been a highly volatile asset class. Past problems in CRE have generally come at times when the broader market encounters difficulties.