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Sorry, Reggie, but you're missing two big issues. Here's what YOU say:

"Okay, so here’s the next topic to discuss in the media. When (not necessarily if, but when) these assets get put back they are going to be put back at the nominal purchase price. This is not the economic market price. THIS will be the end of extend and pretend policy for the banks."

1. What assets? First, the investors are going to charge that the securities they own are not backed by anything, since the banks DID NOT OWN THE UNDERLYING DEBT. You're saying they did? Prove it. This is the point of today's story that debt was sold to SEVERAL investors.

Point? Investors are not just suing for put back. That's very naive. They will sue for FRAUD--the banks sold them something THE BANKS DID NOT OWN IN THE FIRST PLACE.

2. The investors want THE HOUSE. The debt will take forever to litigate. How to get the only asset you can sell: THE HOUSE.

You name the TITLE HOLDER (our poor, little, "innocent" homeowner) as a DEFENDANT. Again, LOOK AT WHAT FACTUAL REPRESENTATIONS TITLE HOLDERS SIGNED OFF ON WHEN THEY BOTH BOUGHT AND SOLD.

Our sainted "homeowners" signed off on every lie in the book, took part in every misrepresentation.

The FIRST thing the investors should do is to ask the Court to impose a constructive trust on the TITLE HOLDER, placing the title in that trust. Or just get a court order STOPPING ANY TRANSFER OF TITLE.

We haven't even BEGUN to explore the fraud in this entire Ponzi scheme. DON'T leave the "homeowner" out of it. These clowns were also scamming the system. Make them pay.