By Karl Denninger
It’s about damned time.
This is worth a read, even though it’s VERY long. The bottom line is that all the Tickers I’ve written on this subject, from bad conveyances into REMICs, to the tax issues, to the fraudulent documents, to the fact that the MBS are “empty boxes”, up and down the line – it’s all in here.
Anyone who thinks this is a “nothingburger” after reading this has rocks in their head.
Continue reading the article . . .
Related reading:
No There’s No Life At MERS
Foreclosureblues (22 Sept 10)
