unrealistic and unjustifiable marks, especially 2nd mortgages
bank solvency
debt restructuring
A fabulous interview with a message that makes sense and is well articulated. Yves Smith is worth listening to and reading on a regular basis.
SUNDAY, DECEMBER 12, 2010
We Speak on BNN About Banks, Housing Outlook (Naked Capitalism)
We followed Chris Whalen, who gave a pretty apocalyptic prognosis for 2011.
You can view the segment here. Enjoy!
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