You are exactly correct. There are no good guys in this sordid affair. The people who wanted a home, but did not have the means to pay were wrong. But they were sung the sirens song of the banker (originator of the loan)....most would take a loan who the banker told them it would be easy. But,...the greater sin lies with the truely educated, well informed, bad intentioned originator who sold them a basket of money....because he knew what he was doing. The buyer should have known,...but lets face it....many of these people were targeted expressly because of their lack of sophistication in the area of loans....they relied on what they were told by the banker. Of course the sin began with those in congress who conjoured up another ‘source of entitlement money’ by the coersively implied elements of the Community Reinvestment Act. Then there are the ‘Goldman Sacs’ of the world who created the new investment vehicle...the derivitive world gone mad....then corrupted the last 200 years of land title law with the MERS. It worked to the advantage of the bankers....it nearly brought them down....but to the rescue comes the taxpayer....bails out the banks after the Secretary of Treasury Paulson expressely told us that it was requiring the money to buy “troubled assets”...what a joke on the American taxpayer. Now,...comes obama declaring a ‘settlement’ in the the case...but we have had millions of corrupted titles and foreclosures....the banks are protected...and guess what....NO ONE IS HELD REPSPONDIBLE for the destruction of trillions of retirement assets, savings, and real estate holdings of people who played by the rules. Well, the rules have now been changed. No one goes to jail. There are no property rights which can be relied upon....because obama can just declare them moot...lets all just move on. And best of all,...the taxpayer will be allowed to pay for the bailout of the banks who committed the malfeasance and fraud. This is not the America our founders handed over to us. We are undone.
You are indeed correct on all counts.
After a moments reflection I just realised something. If we were Marxists who intended to destroy the right to own private property, what means would we use to accomplish it? Just what the Globalist Left intends. You really don't own property, only have the use of it until the government thinks they need it more than you do. Is that the net result of the MERS scam? Not exactly but certainly a step in that direction.
Will the government now step in and by fiat simply "repair" the clouded titles for the banks??? Was this the intended result? Guess we will eventually see this play out.