"The mortgage-backed bonds in our pension,
A source of regret and contention,
May yet be unwound
If they're legally found
To have flouted the 'true sale' convention."
Hopes are awakening in the hearts of institutional investors that sloppy and even fraudulent practices in the origination and sale of mortgages to bond trusts may give investors legal grounds to put them back to the originating banks and thereby recoup some losses.
Wednesday, October 27, 2010
Subscribe to:
Post Comments (Atom)
Popular Posts
-
Said a Harvard professor of econ, "That Google's got something unique on: They have cash by the score, Yet still borrow more; T...
-
"After proofing each check and gratuity, We've determined beyond ambiguity: Your expenses look funny, If none of this money ...
-
I'm buying a Powerball ticket (Or several, or even a thicket), In hopes I may win A billion bucks in The unlikely case that they pic...
-
Economists show the proclivity Toward lamenting the lost productivity When Americans cling, From the first day of Spring, To basketball ...
-
Said the Lehman bankruptcy inspector Of the repo transactions that wrecked 'er: "The Feds, who were looking At books that were ...
-
The US has always depended On a rate of consumption that's splendid, By consumers for whom The means to consume May soon have them over...
-
Though intended to thwart something scandalous - That those who have millions on hand do less - The AMT's hardest On households more ...
-
Facebook is valued at plenty By Wall Street's high-tech cognoscenti, Based on 1 billion friends Times $5 each, then Times the IP...
-
"In reviewing your earnings per annum, We're less than impressed, and we pan 'em. The bank may have gains, But this letter ...
-
On a US default, we deduct, If the GOP reps can obstruct, Our economy's fatally, Foolishly, finally, Fittingly, fecklessly f***ed. ...
Dr. Goose's Blogs of Note
Posts
No comments:
Post a Comment