Tuesday, November 09, 2010

The end

"The reason they're faking the mortgage documentation? If the bankers admit what's wrong with the chain of title conveyance, the mortgage loans are no longer eligible for the trusts the bankers sold to investors - and under their own terms of agreement, the chain of title was breached, "true sale" was probably not achieved and the liability reverts to the banks."

"Foreclosure Fraud: “Systemic, Industrywide, Pervasive”"

"Why Foreclosure Fraud Is So Dangerous to Property Rights":
"As we noted previously, esteemed economists such as Hernando de Soto have identified that the respect for title, proper documentation, contract law and private property rights are the underlying reason capitalism works in Western nations, but seems to flounder elsewhere.

We cannot have free market capitalism without this process. So what does it mean if banks have been systemically, fraudulently and illegally undermining this process?"
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