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For those with a subscription to the WSJ, the interactive graph is excellent.
Commercial real-estate loans could generate losses of $100 billion by the end of next year at more than 900 small and midsize U.S. banks if the economy’s woes deepen, according to an analysis by The Wall Street Journal.
[...]Total losses at those banks could surpass $200 billion over that period, according to the Journal’s analysis, which utilized the same worst-case scenario the federal government used in its recent stress tests of 19 large banks. Under that scenario, more than 600 small and midsize banks could see their capital shrink to levels that usually are considered worrisome by federal regulators. The potential losses could exceed revenue over that period at nearly all the banks analyzed by the Journal.[...]
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It’s been predicted for quite awhile.
One of the areas least affected by the real estate bubble collapse so far is the metro Washington area, an area whose building boom was more oriented towards commercial real estate development. It was rather obvious this particular boom was doomed as well.