Thanks David. I do not know for sure and this is just speculation. All these bad mortgage has been packaged in MBS / CDO and sold to pension funds etc. So that is probably not going to take down the banks. Wonder if there would be pension fund bail out from central bank ?
RE: 25% of Hotels Can’t Pay Mortgage as Financial System Could Go Belly Up Worse Than 2008
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25% of Hotels Can’t Pay Mortgage as Financial System Could Go Belly Up Worse Than 2008