The US Government has so much invested in the industry of fraud that it cannot prosecute the foreclosure fraud…
In this episode of the Keiser Report, Max Keiser and Stacy Herbert discuss teddy bears, sunk cost fallacies and home buying binges. They also look at Wells Fargo returning to the subprime mortgage market just as Blackstone may be looking to bail on its 43,000 single family homes. In the second half, Max interviews Chris Whalen about the imminent default in Puerto Rico and what this could mean for the greater debt market.
