The real bMall/b of America is in Oklahoma, not Minnesota. When the Federal Reserve took on some $29 billion in assets from Bear Stearns, it got such headaches as owning the bCrossroads Mall/b in Oklahoma City (pictured here), whose operators defaulted ... --But it's the inevitable outcome of taking on a distressed portfolio that includes $8.5 billion in commercial mortgages ? bhotel/b chains and office complexes, assets that the Fed had marked down in value by about half last summer.
