Foreclosure-Gate: An Intellectually Dishonest, Flawed Defense of MBS
• NakedCapitalism.com/Rubbish. The boldfaced language falsely claims that if the note was endorsed by A in the prototypical A-B-C-D chain we set forth earlier, then D could rely simply on the endorsement by A. In fact, the PSA required the full chain of endorsement...
