Comments on: Even if MBIA and BofA settle, MBS loss causation ruling en route On the Case Fri, 15 Jul 2016 20:42:45 +0000 hourly 1 By: SantaFean Tue, 27 Dec 2011 16:37:16 +0000 MBIA and BofA are both corrupt as is shown above. Both companies ran out of suckers to sell to. MBIA had to insure the UNsecured mortgage “backed” securities and now everyone know about these seriously faulty securities. How much as MBIA had to pay out? Then they turn around and sue BofA and Countrywide! Got to love that. IT IS NOT THAT THE LOANS WENT BAD….IT IS THE TRUTH THAT THERE ARE NO ORIGINAL MORTGAGE DOCUMENTS TO BACK THE SECURITIES! Reading BofA’s 2010 10k says right in it! Next to go down will be title insurers as wrongly foreclosed homeowners reclaim their homes and the title companies have to pay the current homeowner. Happening already in Florida and California!