26 October 2010

Here is a Primer on Mortgage Backed Securities, REMICS, and Mortgage Frauds

This is fairly long as blog posts go, but it hits all the bases, and makes it clear just how f%$#ed the system actually is.

Even if this does not save a single homeowner, it is clear that these problems have the effects of rendering almost every major financial institution in the US insolvent.

Go read.


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