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Investors Still Face Hundreds Of Billions In Mortgage Losses, And These Claims Could Kill Top Banks

Bank industry expert Chris Whalen is the subject of a good interview with CNBC coming conveniently in the aftermath of the possibly earth-moving Ibanez decision out of Massachusetts.

First, he says, the ruling has been misunderstood in that the homeowners are ultimately not going to win loan forgiveness merely because of errors in the handling of the loan.

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