Karl of the Market ticker has a must read on his blog, click here to read.
In essence, the top 5 banks, as part of mortgage gate, may have over a trillion dollars in mass fraud-ed securities.
If this is true, what has in effect happened, is pension funds and other long term savings plans have in effect been already robbed, and we as a society won't find out until the notes are cashed or if the government actually started to enforce the law.
Video from the post.
