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Have opened up investigations on the banks' foreclosure practices. complicated story i tried to tell on television a number of times with not a tremendous amount of success. more or less, what was happening was banks were foreclosures on properties that they didn't even own and on properties without the actual legal note, bank note, said we own this loan. and the foreclosure problem was actually a symptom of the true rotten cause. the rotten cause was when the securitization machine was going as fast as it possibly can go, people weren't being real careful about the chain of custody of the ban...

General in the united states have opened up investigations on the banks' foreclosure practices. complicated story i tried to tell on television a number of times with not a tremendous amount of success. more or less, what was happening was banks were foreclosures on properties that they didn't even own and on properties without the actual legal note, bank note, said we own this loan. and the foreclosure problem was actually a symptom of the true rotten cause. the rotten cause was when the securitization machine was going as fast as it possibly can go, people weren't being real careful about th...