The banks are losing money on 100% of their mortgages, even if not one of them defaults. $2 trillion in unrealized losses. That’s four times the losses of the 2008 financial crisis.
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The banks are losing money on 100% of their mortgages, even if not one of them defaults. $2 trillion in unrealized losses. That’s four times the losses of the 2008 financial crisis.
Watch the full episode:
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