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Does it really matter who owns the notes and mortgages that are being foreclosed upon? Does it make any difference at all?

I mean if Wells Fargo filed the foreclosure and Bank of America filed affidavits swearing that it was owed the money but then Chase was substituted as Plaintiff and took title to the property should anyone care at all?

Should we care at all about things like Standing At Inception or frankly any issues relating to standing at all?

Well, aside from the basic integrity of our nation’s court system, we should care about the far more disturbing issues that are flowing just beneath the surface of a banking and financial system that teeters and totters on the edge of collapse, careening from one uncovered scandal to the next.

The markets are entirely manipulated, the financial system entirely fabricated.¬† Mortgages were the last thing that were nailed down and were¬† real….the last bits of tangible assets, the last real foundation of stability and credibility. But that of course has all changed in a world where billions of dollars in real property and the ownership of billions of dollars in real property are transferred not via assignments and deeds in the public records, but allonges and endorsements on notes.

We will all pay a price for this in the years to come.

This begs the question: why would Fannie and Freddy have such a policy given the laws governing mortgage contracts and promissory notes? Consider the fact that Freddie and Fannie are Government Sponsored Entities [GSEs] albeit private corporations owned by the major banks. It seems to me that Freddie and Fannie have been hijacked by the major banks and are being used to buy up bad mortgages and then seek a bailout from the taxpayers.[2]

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