Calculated Risk has a summary of the CPPI index which is now off another 3%, or 41% off the peak. Obviously some markets (*cough, cough* LA recent transaction was 70% below 2007 purchase) are worse than others. He has a cute little graph in there too showing how resi leads cre, but it wouldn't link for some reason.
CR also has a summary of the article out on BBG earlier today about how the FDIC failed as a regulator. Nothing really new here.