Report: US commercial market in trouble according to Charlie Munger: FT.

"translated_text": "According to reports, Charlie Munger believes that the American commercial real estate market is facing trouble. The99-year-old investor told the Financial Times that American banks are overloaded with 'bad loans' which will become vulnerable during 'hard times' and a decrease in property prices. 'It's not nearly as bad as it was in2008,' he said in an interview with the Financial Times. 'But problems happen in the banking industry, just like anywhere else.'"

Manger's warning comes at a time when American regulators have requested banks to submit their best and final offers for the acquisition of First Republic by Sunday evening, marking the latest chapter in a tumultuous period for mid-sized American banks. After the failure of Silicon Valley Bank in March, attention shifted to First Republic as the weakest link in the American banking system.

Berkshire Hathaway, where Munger serves as vice chairman, has largely remained on the periphery of this crisis, despite its history of supporting American banks during turbulent times. Munger, who is also a long-term investment partner of Warren Buffett, suggested that Berkshire's restraint is partly related to the risks that may arise from the numerous commercial real estate loans held by banks. "A lot of real estate is not doing so well," Munger said. "We have a lot of troubled office buildings, a lot of troubled shopping centers, a lot of troubled other properties. There is a lot of suffering there."

Read the full interview with the Financial Times here.