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2010-10-22 — businessinsider.com
Foreclosure-gate is just showing the cracks from a much bigger crisis coming next year, says Risk Analytic's Chris Whalen. The real problem is the inability of banks to cover subprime losses, which have been hiding on balance sheets since the housing crash. Banks have only survived this long thanks to extremely beneficial Fed policy. source article | permalink | discuss | subscribe by: | RSS | email Comments: Be the first to add a comment add a comment | go to forum thread Note: Comments may take a few minutes to show up on this page. If you go to the forum thread, however, you can see them immediately. |