More issues on securitization for the banks

More on bank issues explained here at Naked Capitalism.  This is yet another confirmation that this problem runs far and deep with the banks. 


You can read more about the idea of non-securitized notes here also where I discuss the implications of not transferring notes properly and the massive cost that will be incurred by whoever is found to be responsible for all of the the debt that is no longer secured by collateral as was presumed.