The European Tribune is a forum for thoughtful dialogue of European and international issues. You are invited to post comments and your own articles.
Please REGISTER to post.
Is there anyone around who can explain in 3 sentences without too many economical terms what the foreclosure fraud MEANS?
It means either the entire global economy has gone bye-bye or governments are going to have to toss out current banking laws and regulations and start over because $14 trillion dollars of Collateralized Mortgage Obligations (CMO) just went south and who knows how much in derivatives based directly or indirectly on CMOs that are now in legal limbo land.
Skepticism is the first step on the road to truth. -- Denis Diderot
by afew - Oct 31 23 comments
by gmoke - Oct 28 11 comments
by ManfromMiddletown - Oct 20 61 comments
by Democrats Ramshield - Oct 31 1 comment
by gmoke - Oct 7 3 comments
by afew - Oct 3123 comments
by Democrats Ramshield - Oct 311 comment
by gmoke - Oct 2811 comments
by ManfromMiddletown - Oct 2061 comments
by gmoke - Oct 73 comments
by ARGeezer - Oct 760 comments
by DoDo - Oct 310 comments