Relevant:
- Here's That Devastating Chris Whalen Report On The Coming Crisis For The Banks
- bank of america restarts foreclosure sales
- Bank of America Loans Valued at $44 Billion Less Than Books Say
- Whalen to BofA: "Stop Firing People And Just Declare Bankruptcy Now"
- Chris Whalen On QE3: "The Core Problem Is Fraud"
2010-12-12 — dailybail.com
``"We understand what the problem is for Bank of America. They are insolvent. They still have huge losses to take on their mortgage book, and balance sheet. They also have to deal with everyone wanting them to buy-back mortgages."... "By this time next year the majority of home sales will be involuntary - more foreclosure sales than normal sales."''
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