Posted on 10/13/2010 4:30:20 PM PDT by Kartographer
If you are in the business, they don’t think it is. I doubt we are going to find any judges who think it is either.
But, isn’t that simple TAX EVASION???
Sounds like it to me.
And those MBS’s and REMIC’s were to be tax free as well. But they didn’t follow their own rules, making those NOT tax free ANYMORE.
It’s tax fraud along with title fraud.
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