<http://news.firedoglake.com/2010/10/17/mers-y-mercy-me-the-sewer-drain-at-the-bottom-of-the-housing-market/>
The legal journal articles referenced: <http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1684729> <http://papers.ssrn.com/sol3/papers.cfm?abstract_id=1469749> The banks made a small private company the owner of record of most of the mortgages made during the boom. The problem? The owner of record is supposed to be the trusts whose holdings make up the RBS'es. It ain't just some 'missing paperwork'. It's entirely possible that no one actually knows who owns what by now. The next economic bubble might well be real estate litigation if the 'smnartest guys in the room' can only figure out how to securitize that.... -- Bruce Johnson University of Arizona College of Pharmacy Information Technology Group Institutions do not have opinions, merely customs -- You received this message because you are subscribed to the Google Groups "StrataList-OT" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/stratalist-ot?hl=en.
