MutantCapitalism

Cuomo Takes Action Against Citigroup, as ABCP Buyers Wait in Vain

The name of this scheme is 'milk the CDO' - ABS, MBS, REMICs, ReREMICs, REITs - consumer, investor, taxpayer alike. Hide over leveraged CDS losses in arcane sounding off balance sheet conduits - VIEs, SPVs, SPEs, SIVs that rarely if ever see daylight, then aggressively foist CDO wreckage from MSF (Mortgage Servicing Fraud) onto unsuspecting private investors in ARS fraud. SWEET !!!