[ridesthemiles]

It turns out that many of the securitized mortgages had been promised to more than one securitized pool.”

Thanks for clearing that up.

I had wondered that for a very long time.

I wonder the same about ‘Gold Certificates”.

IF I could invest in gold—I would want the actual gold in my possession.

The same “Certificates’ can be sold to many, many,many people at the same time. Worse than a pyramid scheme.

[slowhandluke]

http://market-ticker.org/ is following the fraud aspects of the MBS mess. It really is long past time we should have seen a lot of folks in handcuffs, unless both the R and D parties were fully complicit in this mess.

As for gold, try www.apmex.com. Buying small amounts does get you a shipping and handling penalty, but having a few 1/10 ounce coins around with plans to eventually give them to the grandkids might be enjoyable.