[slowhandluke]

He bailed out the banks — in order to put them under the government thumb, of course.

Yes, but not for that reason. The government is under the thumb of the bankers, not the other way around.

It turns out that many of the securitized mortgages had been promised to more than one securitized pool. So, if Obama had bailed out the lendees, all the fraudulent MBS schemes would have come to light then when multiple claimants showed up at mortgage closure. The crime would have become apparent then instead of later, and some banksters might have gone to jail by now (one hopes).

[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.