Christopher Whalen, managing director of Institutional Risk Analytics, talks with Bloomberg’s Mark Crumpton about the impact of U.S. mortgage foreclosures on banks and the housing market and the outlook for the economy.

Whalen is author of the book “Inflated: How Money and Debt Built the American Dream.” (Source: Bloomberg)

Category: Video

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3 Responses to “MBS INVESTORS ARE CALLING THEIR LAWYERS”

  1. freejack says:

    Listening to Whalen is always a treat. A knowledgeable guy with the rare ability to explain complex issues in a straightforward manner. I always walk away feeling smarter.

  2. Permabear says:

    Chris Whalen, along with Barry, has been ahead of the curve on this foreclosure story. It’s still very early in the game. Whalen describes this problem as a cancer. Well all they’ve done at this point is find locate the tumor. They have yet to biopsy it or treat it. No one yet knows how deadly this cancer will be. And yet the stock market continues to climb the wall of worry. The stock market euphoria is the equivalent of arranging an around the world vacation after just being diagnosed with cancer. Investors may not return home safe and sound.

  3. Haigh says:

    Since mortgages are time based, has anyone seen a graph that shows how the scale of this problem changes over time?

    Can a time base be associated to a specific MBS? i.e can an MBS be all ten year notes constructed in 2005?