Stop with that nonsense please:everybody knows JPM raped us in clear daylight.We don't need an expert to tell us.Problem is the difference between having right and getting right.And here is where the JPM mole(Rosen and MW) made the difference.
Nosch, a most excellent post that is worthy of being brought forth again for those that may have missed it. Justice can be had for those that persevere.
Thanks Nosch. A great read and superb reminder......MBS were and are, 'Pledged' to bankruptcy remote trusts...not 'sold' to the investors of the trusts.
The are pledged to be used by the trust for the benefit of the participating investors. Held in safe harbor, off balance sheet, legally isolated, and most importantly - bankruptcy remote !
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