Do yourself a favor and take an hour out of your day and watch this. Cris Whalen is the co-founder of Institutional Risk Analytics.
Chris is one of the most respected analysts out there, and he does an awesome job describing where we are now and where we are headed when its comes to finance.
Whalen believes we are only 25% through the foreclosure mess because the banks refuse to take the losses on their bad loans because they don't have to thanks to the Fed's "extend and pretend" games.
Some of the statistics he shares below are stunning.
Enjoy!
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