I could not have said it better myself! Right on the mark! Wonder what happened to those older loans that were at the start of the sub prime introduction or pre subprime? How are those being handled?

If they can get any traction in such a case, showing that the pooling had problems, it also would be leverage that homeowners can use in their own fights.

If you are expecting the feds to litigate your personal mortgage, you are deluding yourself. Instead of that, I would like to see federal cases brought that strike at the claim that the pools contained the loans. The more that the feds bring that type of suit, the better off the borrowers are also.

While the feds will only litigate cases where they have a solid case, the prosecutor will potentially also be lobbied by the administration to avoid cases that would invalidate large numbers of mortgage pools. Any significant hit to the mortgage pools could have both buy-backs demanded of the Banksters and more litigation by borrowers. Together, the combination could cause the administration to see a risk of needing a further bailout of the TBTF that they can not regulate.

The AG and the prosecutor will be encountering some heavy lobbying.

You got that right. Aren’t you glad you and I lost friends in Vietnam and other wars? Is there a level playing field anymore? All we want is equality for ALL! Simple isn’t it?