And the banks themselves are overexposed due to what appears to be systematic cooking of the books on these loans. See this article published yesterday about on

And the banks themselves are overexposed due to what appears to be systematic cooking of the books on these loans. See this article published yesterday about one whistleblower’s fight to expose this: https://www.propublica.org/article/whistleblower-wall-street-has-engaged-in-widespread-manipulation-of-mortgage-funds https://www.propublica.org/article/whistleblower-wall-street... To pull out just one of several frightening figures from that article, just one of the commercial backed securities they analyzed appeared to have over half its properties fudged to appear more profitable.