Tsunami of Foreclosures to Hit US

A tsunami of home foreclosures is set to hit the US as banks are unable to keep bailing out tenants that can’t afford their rent, David Karsbøl from Saxo Bank told CNBC. Daphne Roth from ABN Amro Private Banking joined the discussion.

Airtime: Tues. Aug. 25 2009 | 0:00 DT ET

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