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2011-09-26 — ml-implode.com
``Even the most experienced foreclosure defense attorneys who continue to argue with increasing skill that the securitization of mortgages should preclude foreclosure, find that judges are more interested in the fact that their clients haven't made their mortgage payments... and the foreclosures march on, and on, and on... [but] truth be told, in many cases, as a matter of law, they don't own any loans at all. Investors who thought they were investing in mortgage-backed securities, actually invested in nothing-backed securities.''
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