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View Diary: HIDDEN SECRETS: Countrywide, Bank of America & The US Patent Office (43 comments)

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  •  No it doesn't. (0+ / 0-)

    If I sell you a mortgage through my local Jackass Mortgage Company and pocket the fees then resell the paper to Lehman Sisters when does a commercial bank get involved?

    Never.

    G-S only applied to commercial banks who wanted to get involved in I-banking.

    "The way to see by faith is to shut the eye of reason." - Thomas Paine

    by shrike on Wed Feb 06, 2013 at 06:55:53 PM PST

    [ Parent ]

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