The Americans have made quite a mess of their legal system -LRB-(1) far too many lawyers per capita, (2) far too much useless and immeasurably costly and roiling litigation, and (3) allowing the «dysfunctional» and «invidious» title insurance industry to rip away, through
grossly unfair business
practices, most of the conveyancing work from the real estate bar to the great cost of the public and great harm to the title system), but on the issue of rejecting ABS, they have got it right.