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Fideicomiso non-security

Posted by esmitty on August 9, 2010, 11:29 pm, in reply to "Re: Dobie links"
75.105.40.147


I agree wholeheartedly, D, with your observations about the possible ramifications of bank trusts not being honored.

The rat I smell, at least I think it's a rat, is that the notary who processed the fideicomisos is going to be made the fall guy. Whether he is culpable or not, it will save the Fed a lot of face to call these particular fideicomisos faulty, rather than open a discussion whether all fideicomisos are faulty.

If I were a notary involved in any of those transactions, I'd start locking my windows at night. Again, regardless of culpability, he is going to get the blame. It is a convenient way for the Fed to protect confidence in the bank trust system, while at the same time proceed with whatever the hell is going on over there.
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