Obviously a NEW Chris Whalen.
Take a look at the old Chris below:
“You guys in the MEDIA have a real tough time…your looking for events, your trying to cover the news minute by minute…”
“THIS IS CANCER”
“There are a lot of investors out there who don’t know what they own… they may own unsecured loans….. trustees that were supposed to do things under state law (and didn’t)… even Fannie and Freddie have issues with this.”
“This is not minutia…this is the Letter of the Law”
“Most securities issues in the United States are governed by New York law”
“Dealer has to deliver to the trustee the notes, that evidence the obligation”
“Trustees have the least duties”
“You have to indemnify them”
image: Business Insider