Chris Whalen: Less Than 1/4 the Way Through Foreclosure Process (AEI Presentation)

Chris Whalen, who runs Institutional Risk Analytics, gave a presentation at the American Enterprise Institute (AEI) on 10/6. Here are the slides. He gave some harsh warnings about the banking system in 2011. You can watch the conference at Pragcap.com.
"Mounting cash flow stress on all lenders is reaching crisis levels. Non-payment by borrowers and mounting foreclosure backlogs are creating the conditions for the collapse of some of the largest U.S. banks in 2011." (Chris Whalen presentation at AEI. Slides also at Business Insider)

Follow Chris Whalen on Twitter (@rcwhalen) for updates.

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