This is a complete misinterpretation of the decision.
For the uninitiated, your first clue that a “get out of jail, free” card had been discovered and that the link between a secured interest in the collateral and the mortgage loan agreement had been severed would be the total collapse of the financial sector. If you haven’t seen that, this view is wrong.
You have a point but most people will never hear about this. Those that do will still make their payments if they can.
And this would not be the first time such institutions, in an attempt to cover their own asses ended up shooting themselves in the foot.
Bet'cha we see it before very much longer.
Hey Wally, there is no money. Obviously you and many other unlearned Americans just don’t get it. The reason the so-called monetary system is collapsing, and rightfully as it should be imploding, is because there IS NO MONEY!! It’s all digital checkbook entries. The financial sector should be collapsing because unlearned Americans like you have not spoken out about a State’s use of something other than gold and silver coin as Article I, Section X of our U.S. Constitution mandates. DUH!!! Where have all of you braniacks been since 1963? I am sure you don’t even know thge relevance of that year.
I can’t wait for the total collapse of the financial section, because if it does not collapse sometime soon, and they keep printing money on the presses to sure up broken and corrupt financial instutions, this checkbook digital monetary system will be here on this planet for thousands of years. SO, why can’t we just type in digits on a computer to pay out bills and then stiff the American people with the debt created by those digits? This would no different than what is taking place today.
I have attended courses and read many many publications by the American Bankers Association in conjunction with the American Bar Association and each course and study text explicitly explains just how the fraud is being perpetrated. THERE IS NO MONEY!! It is being created as debt money by the financial sectors and there debt is charged to YOU AND ME!! I can’t wait for all of you dumb Americans to loose everything you THINK you have stashed in some financial institution for yuor retirement, then maybe, just maybe, you all will wake and say DUH, WHAT HAPPENED?
Study money, study money creation through the (alleged) lending process. No bank EVER lends money. Yes, not one. They create debt money through the lending process and bury the fraudulent scheme in thier books. IF Enron had the work “Bank” after it, it would still be here, because the banks are doing the EXACT SAME THING ENRON WAS DOING only the corrupt banking industry gets free taxpayer printed federal reserve notes to prop them up. If you don’t think that will not cause hyper-inflation, think again. I can’t wait. You might want to turn whatever you have stashed into gold and silver coins if you want to survive whey that dreadful day does arrove, and it WILL arrive. The sooner the better for me, so I can tell all of those over the last 20 years of my preaching, I TOLD YOU SO, BUT YOU WERE TO DARNED DUMB TO GET IT.
moneywhatmoney
Ok, then what happened in September of last year. More and more judges are wanting docs in their courtrooms entered into evidence.