[ex-Texan]

Take a peek at this report:

Chris Whalen's Terrifying Presentation On The 2011 Foreclosure Crisis

For all you "blame the poor defrauded 'deadbeat home buyer" . . . It is going to get very ugly out there in reality village. Banks, mortgage lenders and Wall Street giants are going to go BK. "Good riddance," I say, and "Put that in your 'Too Big to Fail' Pipes and breathe deeply."

'Nuff said by me here on FR.

[Fred]

And the American taxpayer is the chump holding the 6 TRILLION DOLLAR bill for freddie/fannie/fha...free market..NOTTT

[Notary Sojac]

A good presentation, the only thing I would quibble with is his slide 12 where he refers to what the "Obama administration" did in 2007-09.

It's all about solvency, not liquidity, just as it was two years ago.

[stephenjohnbanker]

Next year will be hell on many financial levels.

[ex-Texan]

Want to really get pissed off ____ ?

Want to get so outraged that your friends will start to fear for your sanity __ ? Read these two reports:

What Is MERS and What Role Does It Have in the Foreclosure Mess?

Is America In Decline? 24 Statistics About The United States Economy That Are Almost Too Embarrassing To Admit