Housing Continues To Crash And Could Cost Too Big To Fail Banks More Billions

Aaron Task of the Daily Ticker interviews Dan Alpert, Managing Partner of Westwood Capital, who says Bank of America may have to post another $27 Billion in losses due to continued Housing losses.

Alpert points out that this number could be understated as the Top 4 banks in America are sitting on $1.1 Trillion of real estate paper which no one knows the real value of.