UK Mortgage Slaves - Max Keiser and Stacy Herbert with Chris Whalen

"daisy-chain of fraud, ...it looks like Caligula on a bad day, it looks like the worst porno movie you've ever seen, where financial fraud is being stuck into every friking orifice you can possibly imagine and they are spewing, spewing, SPEWING quantitative easing to keep this orgy of fraud going until another crash and then the whole facocta thing starts up again!" Max Keiser

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.

X art by WB7