So let me tell you why foreclosure fraud is a big deal.
You see it’s not so much that banks are lying on court papers and breaking and entering houses illegally though those are a pretty big deal.
Nope. It’s more that tens of trillions of dollars of paper valuations (an asset is only worth what you can sell it for) is now in question.
By dividing and bundling mortgages and failing to do the proper paperwork just to save a few bucks the banksters have put the entire land title chain of ownership under dispute. This goes back to when bad King Charles the First (well, he was beheaded after all) granted a royal sanction to your stealing your land fron the Indians Natives (nor was he the first in any sense).
The point is that not only are the trillions of dollars of leveraged derivatives about to lose any value they ever had, but the underlying mortgages are going to be uncollectible.
Insure against that AIG.
The result is not just going to be massive bank failures, but a complete lock up of all real estate transactions.
So serf, you are now bound to your land and can only sell to a boyar and a stupid one at that because he has no clear claim.
This is magnitudes worse than the market meltdown in 2008.
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