Will 50 State AGs Create A "Total War" In The Housing Market?
• Businessinsider.com/A financial institution in the business of making mortgage loans has no business routinely losing or damaging original promissory notes, and any institution that does so should be shut down by the federal regulators and I mean that.
Or...(gasp!)...we could make the banks hold their own paper...(....arghhhhhh)!
My concern about the 50 states unifying or centralizing their investigations/prosecutions, is that such creates the better opportunity for the banks' legal henchmen and paid off jurists to divert, disuade, obfuscate, dilute, or otherwise blunt or thwart the proceedings against their interests. Better that each state should keep their effort independent of any other state's or the feds.