Charlie Munger Warns That The Fall Of Property Values With Banks Full Of Bad Loans

Vice Chairman of Berkshire Hathaway, Charlie Munger attends the annual Berkshire shareholders meeting in Omaha, Nebraska, May 3, 2019. Munger warned of the consequences in the fall of First Republic Bank. JOHANNES EISELE/BENZINGA

Berkshire Hathaway Inc. Vice Chairman Charlie Munger made a startling comment about the ongoing banking crisis in the U.S. during a recent interview.

In an interview with the Financial Times that was published on Sunday, Munger warned that a storm is brewing in the U.S. commercial property market, with American banks “full of bad loans” as property prices fall.