No one realizes just how deep this thing goes. This is a scam of epic proportions. It is my premise that there are actually very few clear deeds/titles in the entire US. Why? Because almost ALL mortgages were securitized and sold as investment vehicles. The banks, financing companies, etc. got there money when they sold the mortgages off to Wall Street. So who actually owns the notes? The thousands of investors? And why are consumers paying banks mortgages that have already been paid off by Wall Street?
When Wall Street sold these mortgage-backed investments to investors (insured by AIG), and our economy fell off the cliff, the investors (and AIG) were left holding the bag, right? Of course not! That is where TARP came into play. The investors were made whole and AIG was made whole. So again, who actually owns the mortgage notes? We do! The Taxpayers. This is what is trying to be swept under the rug here. Taxpayers own these mortgages and the banks are getting paid twice for already paid off mortgages. That is the crime here. Hopefully, it all will come out.
"Bullshit is the glue that binds us as a nation."