Beating Banks At Their Own Game

As you are reading this, banks are giving away millions of your dollars in gift mortgages. The banks are borrowing money from the federal government for mortgages, claiming the loans have ‘gone bad'' and then giving the title of the property to ‘deserving individuals.'' There is no federal check on these ‘bad loans'' so the mortgages are free and clear—and tax-free. A Writ of Mandamus filed by the...