U.S. bailout panel: toxic assets may need more Treasury support

By David Lawder

WASHINGTON (Reuters) - The Treasury Department should consider expanding programs to cleanse troubled assets from bank balance sheets if current efforts fail to restart markets or if economic conditions worsen, a U.S. bailout watchdog panel said on Tuesday. ....

.... COMMERCIAL PROPERTY TIME BOMB

The Congressional Oversight Panel said, however, that smaller U.S. banks faced billions of dollars in losses from delinquent commercial property loans and were far less able to raise capital and absorb losses than their larger counterparts. ....