Unsecured property loans

Name(s): 
Bad property loans
Inadequately secured commercial property loans
Incidence 
Competitive pressure on banks during the 1980s, especially in the USA, forced them to increase their investment in higher risk loans on commercial property resulting in a building glut and a corresponding increase in bad loans.
Claim 
Loans on commercial property are emerging in the 1990s as the equivalent to the Third World debt problem of the 1980s.
Aggravates 
Type 
(E) Emanations of other problems