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Recommend Chris Whalen's Latest Op-Ed: Expect An ONSLAUGHT Of State Mandated Foreclosure Moratoriums In 2011 (Email)

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Whalen touched on this theme in this clip yesterday. He expects a return to Depression era legislation banning all bank foreclosures on a state-by-state basis.

"Pay your property tax. Stay in your house. Don't pay your mortgage."

This is part of his thesis that 2011 will also bring a new round of bank bailouts.

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