Charlie Munger Sounds The Alarm on Issue That Could Bring Down the U.S. Economy

Billionaire investor Charlie Munger, vice Chairman of Berkshire Hathaway , sees trouble ahead for the U.S. financial system because American banks are "full of... bad loans" due to falling property prices in the country in a situation that seems very similar to what caused the banking crisis in 2008. Tesla CEO Elon Musk called it "by far the most serious looming issue" in the financial sector.