| MERS - Given the Puff-Piece Treatment 08-25-11 mpg 'MERS Morass Is Hanging Up Negotiations On Foreclosure Settlement A quote...."“We’re wrestling with MERS. Does it need to be part of this?” said one official who spoke on the condition of anonymity because the talks are ongoing. “MERS is a bit of a swamp.” - Source: WaPo This is a puff-piece, it's written as if MERS is just a minor impediment to solving this nation's financial system's liabilities, the article stated there was "flawed paperwork", "questionable securitization practices", a "patchwork of conflicting laws" and "differing opinions". What a crock! MERS is the smoking gun in the largest multi-trillion dollar financial scandal in all of human history, a deliberate, pre-mediated, completely illegal attempt, to structure an end-run around the laws in all fifty states regarding mortgages in an effort to create tens of trillions of dollars in uncollateralized debt at will. Not to mention the fact that MERS became the key instrument in making it utterly impossible to tell who actually now possesses legal title to tens of millions of residential homes in this country. They wrote the article like....."oh phoey, all these pesky little details like the law, criminality, title, and tens of trillions of dollars is just....like....so old fashioned." While batting their pretty little eyes. We need five thousand people from the TBTFs, the ratings agencies, and the government agencies that were supposed to monitor them IN PRISON RIGHT NOW!! - mpg Topix || Enforcing the Rules -- Too Little, Too Late - 02-27-09 - mpg || The Virtual Economy - 05-01-09 - mpg || |