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Wall St speculators smell money as malls get mauled

Commercial mortgage- backed securities look promising in dire times

Macy's decided last year to close some 100 outlets. Sears is closing in about 150 locations. When big anchor tenants leave, the resulting lull in footfall can spell disaster for mall operators.

New York

WALL STREET speculators are zeroing in on the next US credit crisis: the mall.

It's no secret many mall complexes have been struggling for years as Americans do more of their shopping online. But now, they're catching the eye of hedge-fund types who think some may soon...

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