Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
If the government owns all the banks that can't provide proof that they own mortgages, then the simple fact of the government owning them all means that question is cleared up.
Logically this would seem to be true.  However, I am not so sure that it would hold up in court if "creditors" still couldn't produce the document.  However, that might be the leverage to get some useful mortgage reform through Congress.  But that would require that Congress not give the banks everything for nothing first.

"It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Mon Mar 2nd, 2009 at 01:07:11 PM EST
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