It is a new, hyper-efficient form of communication designed around the noble Native American tradition of conveying messages via smoke signals. It is merely shaped like a gun due to convergent design evolution:
“It appears as though many loans and other mortgage-related assets have been double and even triple-pledged to various constituencies.”
– Bank of America, U.S. Bankruptcy Court, Jacksonville, CASE NO. 3:09-bk-07047-JAF
What Washington fails to understand is that double and even triple-pledging home loans made them more secure for the homebuyer. That’s what mortage securitization was all about from the start! Read a dictionary! Bank of America not only stands by its word and its commitment to the law and all the responsible homebuyers in this great nation of ours, it stands by it two and even three times!
On a completely unrelated note, my official Sponsored Post rate has increased to €23 million.
