Paul Kedrosky's Infectious Greed
Finance & The Money Culture
Good Jeff Gundlach segment on CNBC on Tuesday talking about the high likelihood of an echo banking bust. Worth watching.
Did he say $200 billion in nonperfoming loans at B of A? 10-Q says $30 billion.
precisely his point….they've only written off a fraction of what is going to happen.
i know 2 people who have not made payments in 18 months. both have TRIED to give the house back to the bank.
in both cases, the bank refused to accept.
ask around… i think it is the same story all over.
Paul Kedrosky‘s Infectious Greed
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