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Deadly Clear 
We have been saying that they should have demanded a audit on these trust to see the truth.
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Investors is going to recoop as much as they can from the big banks. Homeowners should be suing the banks over LIBOR. There is currently a case in NY of a class action by homeowners on LIBOR. That case is still pending. And of course, NY AG is suing banks over LIBOR. Suing over LIBOR is very differcult in the US since LIBOR is a benchmark rate in London. This country as well as globally created a big financial mess that differcult to fix when they allow securitization of any financial products to be deregulated. They need to end securitization, bringthe Glass-Steagall Act in the U.S., regulate REMICs to suspend the bank licenses of banks in which those that don’t transfer mortgage backed securities properly into the trusts within the 90 day guidelines.
Guess we should reblog https://deadlyclear.wordpress.com/2012/07/27/eliot-spitzer-every-person-whose-interest-rate-depended-on-libor-is-a-victim/
This has been DC’s mantra since LIBOR became an issue!