UPDATE: Full story via NYT’s Gretchen Morgenson here. Reader Shoeless sent a link to a similar story from Florida – it seems that mortgage service employees signed all sorts of documents claiming to be officers of all sorts of financial institutions when they were not. Given the billions of dollars securitized and serviced by these people, we could be seeing billions of dollars in mortgage debt wiped out. Which will probably mean that the home owners get out of their legitimate debts and Congress will use taxpayer money to make the banks whole and everybody will be happy except, of course, the taxpayers. What a country!