Saturday, September 10, 2011

Caught In The Rigging

Reason Magazine is looking at why banks don't do more to clean up the mortgage mess.

The point has already been made but I think it is worth repeating: if you can't trace the actual owners of the mortgage due to bad paperwork what would be the point of foreclosure? To get the bank into a spat with the lawyers guild?

The game was rigged and now the banks are stuck in the rigging.

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