EK: And how much danger are the banks themselves in?
JT: When we had the financial crisis, the first thing the banks did was run to Congress and ask for accounting relief. They asked to be able to avoid pricing this stuff at the price where people would buy them. So no one can tell you"
NOTE: read full article by clicking title link above. This article is very right on and predicts ALL BANKS will freeze foreclosures in next few weeks and retry all foreclosures. read their related september timeline post.