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News Link • Housing

Property Rights Gone Wrong

(Publisher: Now that the 'Lame-Stream Media.... the Media that is Sooooo Last Century' has been allowed to openly comment on this Bank Robbery, we can expect????)
Most mortgages in America are now backed by our government. And in order for a bank to get that backing from our government it must fill two criteria:

1. The borrowers must be verified by the banks and their agents as qualified.

2. Lenders must fill out paperwork accurately and make sure that when the home's title changes hands, so does the documentation.

But in the past two decades, a whole lot of the time, that never happened.


News Link  • 
Karl Denninger Explains Foreclosure-Gate On The Dylan Ratigan Show
10-07-2010  • 
"What if we find that of these $6 trillion in securities that are out there, outstanding right now, half or more of them are defective. You put them back on the banks and they all blow up. 

Jack Gregson

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