Wednesday, February 22, 2012

New York, Delaware Pursue Mortgage Securitization Investigation

The securitizations problems are going to make the robosigning fiasco seem like child's play. What happens when these trusts are deemed to be invalid and there now becomes a tax issue? Can't wait to see how that plays out. The monetary problem with this settlement is that the proposed $2,000 to borrowers is not going to do anything for them. The AG's here MUST push the criminal end as well. The bankers will never learn their lesson unless some jail time is involved. After all if you simply have to stick your hand in your pocket to pay for crimes committed and you're a millionaire a hundred times over where's the deterrent? However, if ones freedom is taken away . . . . . . . . .

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