The Residential Real Estate Crash Index Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Residential Real Estate Crash Index

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: The Reaper who wrote (287588)	10/28/2010 7:19:20 PM
From: tejek	Read Replies (2) of 306849

If loans are packaged in CDOs and sold to a third party and the third party doesn't bother to do some DD before the deal is consummated whose at fault? DD wouldn't have saved the purchasers of the securitized mortgages because they were misrepresented in the offering of those pools. The securitizers promised to put in loans of a certain caliber and they didn't do it. Not to mention the nasty little fact about putting the same mortgages into two or more pools. If you were promised something and it turns out you didn't get what you were promised, then you have the basis for a lawsuit. Where are all the lawsuits?

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next