The facts are simple and at this point in time no longer in dispute. The big boys in banking….all across this country…the hot shots from Wall Street…and financiers from all around the world completely, totally and undeniably screwed up the entire finance and real property system.
The big shots hired big shot lawyers then paid their lawyers monster fees to set up a whole system to profit off the millions of mortgages that are recorded all across this country….and then…here’s the crazy part…..the big shots ignored the advice their lawyers gave them and they completely failed to follow even the most basic terms of the contracts their big shot lawyers drew up.
Is it outright fraud and criminality or just gross incompetence and a complete disregard for any laws or rules? That’s a question unanswered at this point in time….and the subject of depositions, discovery and trials all across this country.
But some decisions are coming out….and they are very, very troublesome for the big shots and all their fancy lawyers…..just take a click over to NAKED CAPITALISM FOR MORE.