I'm beginning to suspect that many problems are a result of people not being able to keep track of what does what for who's benefit. Seriously, it sounds like a bankruptcy seminar I went to. Banks trying to foreclose were getting upset when judges started to tell them to produce the title to the loan. It turns out they had repacked and sold them and never actually delivered the titles. The excuse was "its on someone's desk somewhere." But the laws in some states require you to bring it to court to prove you own the loan. And they couldn't, even though everyone knew who owned the loan, nobody had the piece of paper.

Once the Jenga pile collapses, I highly doubt people will be able to figure out who owes what to who, even though they claim to have hedges against this, that and the other.