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To: JewishRighter

So you are drawing a distinction between 16% are valid and 16% are correct and valid? HUH?
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This report may be more to your liking ..

http://www.scribd.com/doc/67359553/Following-the-Money-The-Beneficiaries-of-Fraudulent-Mortgage-Assignments


42 posted on 10/03/2011 4:52:38 PM PDT by Neidermeyer
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To: Neidermeyer

You don’t get it. I am pointing out that the Florida Bar report doesn’t say what you said it says. You represented that it found invalid documents without noting that it was talking about around 500 loans in MA and the percentage of the ones identified as invalid was actually a tiny fraction, rather than 84% as you suggested.

The article you link to again does not show that the issues are endemic to the whole system as you imply. Most of what took place was sloppy, careless attempts to keep track of and service thousands of loan documents as they made their way through a whirlwind of assignment, securitization, etc. not a widespread criminal enterprise. And the couple of billion dollars worth of mortgages they are talking about are a drop in the bucket of a multi-trillion dollar industry over the same period.

I’m not an apologist for the crap that was going on and it was crap, but you are trying to inflame the situation with wild claims and generalizations that misrepresent the facts and the extent of the problem. This is something more expected from the bug-eyed and deranged left, not objective thinking conservatives.


43 posted on 10/03/2011 7:11:26 PM PDT by JewishRighter ( Multiculturalism is killing us.)
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