$1.3T CRE MELTDOWN Sparks Bank Crisis the Fed Can’t Contain

What happens when $1.3 trillion in commercial real estate debt needs refinancing… but the buyers are gone, the buildings are empty, and the interest rates have tripled?

You get what we’re seeing now: the quiet collapse of America’s regional banks.

Delinquency rates on office loans just hit 11.7%, the highest ever recorded... worse than 2008. And the "liquidity buffer" banks once relied on? Gone. The Fed’s reverse repo facility, which held $2.5 trillion just last year, is now at zero. That’s not a market blip. That’s a fire alarm.

Meanwhile, the Treasury is flooding the system with short-term debt to chase disinterested buyers, crowding out liquidity and starving banks of the oxygen they need to stay solvent.

Here’s what they’re not telling you: Fannie Mae and Freddie Mac are now holding over half of multifamily CRE debt, meaning the government is sitting on a ticking time bomb. When this goes off, it won’t be a clean bailout. It’ll be depositors like you footing the bill via legalized bail-ins.

The tools are already in place. The precedent has been set. And no, it won’t make headlines until it’s too late.

Taylor Kenney walks through exactly how this crisis is unfolding and what comes next.

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About ITM Trading: ITM Trading has spent nearly 30 years helping clients prepare for monetary resets, inflation, and systemic risk using physical gold and silver. We focus on education, historical context, and strategies designed to protect wealth when trust in the system breaks down.