Stroke of Genius

Faced with a foreclosure from banks who had sold, bundled, resold, rebundled, and discretized mortgages into disastrous packages, some people are asking the judge to require the bank prove that the homeowner owes them money.

And it is working. Banks have, in many cases, completely lost all original documentation of the mortgage, it became a purely electronic entity in their computers.

Philosphy teacher: "Prove the apple I just set on my desk does not exist."
Student: "What apple?"


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