https://redstate.com/paul_j_cella/2011/06/10/the-trust-that-wasnt/feed/Conservative News & Politicsen-usSat, 13 Jun 2026 11:10:20 -0400<![CDATA[I anticipate that we will see more and more court decisions like the one described here by Yves Smith. The mortgage industry, in connivance with bankers and financiers of all shapes and sizes, introduced into the political economy, by means of innumerable frauds and sophistries, a whole field of unhedged risk: namely, the risk that the documents do not demonstrate what the securities confected out of them need them to demonstrate in order to be functioning legal securities.]]>Fri, 10 Jun 2011 07:51:30 -0400<![CDATA[Paul Cella]]>https://redstate.com/paul_j_cella/2011/06/10/the-trust-that-wasnt-n39307