worldnetdaily.com — The reserves of hundreds of banks are at risk, including some major banks, after a little-noticed federal court decision signaled the crisis in securitized home mortgages could spell much more trouble for financial institutions than previously realized, even on Wall Street.
Nov 21, 2007 View in Crawl 4
victoriosoNov 21, 2007
Happy Thanksgiving first... and if you are wrong about the economy, there will be chaos next year.
Closed AccountNov 21, 2007
The banking industry had better take this ruling by a minor court to a higher court immediately.
madsquirrelNov 21, 2007
The problem is that they "DO NOT" want anyone to know about this. The problem is with poor records, and if they push this, the banks could get hammered for 40 to 50% of all loans that they do not have accurate records of! Think what would happen if everyone that defaulted on their loan took the banks to court and demanded they prove ownership, this alone could put most banks out of business.
began31Nov 22, 2007
Money changes hands ~~ follow the money. The money that the banks, etc. "lost" wound up someplace else. Find out who has it and another scheme will have been uncovered!!