What if Naked Capitalism is correct? It would seem then to open up certain MBS trusts, trustees and/or servicers and sponsors (plus the long list of counsel and audit attestation firms to same) to not the hoped for, under NY trust law, bankruptcy remoteness rather intimacy - such that creditors of certain filers may turn out to have valid, reachable claims on them thar mortgages (those never properly securitized.)
WONDER IF THE FED IS HOLDING ANY OF THAT BRAND????
Wonder if they're done with the intense due diligence yet; over 2 years too late.
Hmmmm.
Looks like could be quite a GLOBAL showdown at MBS (and the BS may turn out to just that) corral.
Ending the siesta on the taxpayers' dime - one easy to read blog at a time.
McFid.
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment