Monday, June 13, 2011

NY Times article - NY and Delaware AG's investigating whether the REMIC trusts actually own anything

While it looks like some courts will question the Wall Street Trusts, others have no desire to challenge the securitization trusts ownership of blank endorsed notes.  On the other hand, the NY and DE AGs are investigating whether these trusts actually own anything. 

We know what they will find.  Question is, what will they do about it given the ramifications?

Check the article out HERE

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