Here’s a FAQ on the mortgage bond scandal to keep you tided over, since there seems to be a lot of confusion out there. I’m hearing a lot about foreclosuregate, MERS, moratoriums, bad title, etc. What does this have to do with that? Nothing. This is an entirely separate, parallel, scandal. The main area overlap is that it gives investors in mortgage bonds one more colorable reason why they should be able to put back their bonds to the banks who issued them—over and above the fact that they have the right to do that if the mortgages weren’t properly transferred. So this isn’t about legal title to mortgages. What is it about? Just like the Goldman Abacus case, it’s fundamentally about investment banks’ lies of omission when it came to the investors who were buying bonds from them.