Posted by noncompos on January 13, 2011 at 10:37:31 from (71.32.249.246):
In Reply to: John T.; Property Law posted by NEsota on January 13, 2011 at 06:19:48:
John, if you haven"t been following the mortgage securitisation debacle (naked capitalism is a good source; 4closurefraud gets a little shrill, though) it"s a fascinating decision, in my view long overdue, altho other lower courts have been waking up (shaken/forced awake?)... It"s of course too big to be recognized by either the Bar or the Administration; I expect some kind of pronunciamento decreeing it"s all minor oversights, nothing material to get upset about (pat pat on the head) and go home and watch Jeopardy or something... Until it"s all plastered over, though, anyone who deals with a property that"s gone through the Wall Street machine had better do a lot of research...Capitalism at it"s unfettered best!!! (I"m all for Capitalism, but it does need a little oversight).
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