Wednesday, October 13, 2010

Praise The Lord And Pass The Ammunition......It's Starting

Global Guerrillas

Josh Rosner, a well respected banking analyst (via Naked Capitalism). He maintains: What if nearly all of the mortgages that were securitized (mortgage loans that were bundled and sold as securities) over the last decade are actually unsecured or worthless paper? A couple court cases forced by actions like this, could set off the stampede.

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