Something has been bothering me since this whole toxic asset debacle started. Surely these banks who have been buying mortgages on the secondary market would have in place some sort of non-performance clause. I have signed and signed at closings every sort of paper guaranteeing banks have no liability whatsoever. Why havent these toxic assets reverted back to the original maker or issuer when defaults reach a certain pertcentage? The lack of non performance clauses is a clear indication these bankers worked in colusion, knowing full well the true value of the instruments they were creating.