I’m still questioning whether the investors’ finance directors and fund managers, CEOs knew or were told not worry that these mortgage loans would be liquid and that the foreclosures were insured. Unlike the homeowner, the investors had all sort of warnings…but, had they done their due diligence they would have found that there were no assignments of mortgages and notes to the trust. Knew or should have known? The homeowners were unwittingly induced into providing their collateral. The investors, however, had much more opportunity to smell a rat and apparently chose to overlook it. Why? And why isn’t the spotlight on the investor finance directors?