A BIG ole hat tip to Avian at GLP and to Karl Denninger!


It's about damned time.

This is worth a read, even though it's VERY long. The bottom line is that all the Tickers I've written on this subject, from bad conveyances into REMICs, to the tax issues, to the fraudulent documents, to the fact that the MBS are "empty boxes", up and down the line - it's all in here.

Anyone who thinks this is a "nothingburger" after reading this has rocks in their head.

This is a rather lengthy filing, 124 pages worth. It asserts virtually everything that I've written about for the last three years related to REMICs and MBS (that the notes were not conveyed and now can't be under the law), and alleges Racketeering.

I've read the whole thing, and want to present just a few short cites, but am embedding the entire document as well for those who "want it all".


http://market-ticker.org/akcs-www?post=168144

124 pages...

How about just the highlights Blue