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50 Million Homeless When the Music Stops; Welcome to Slavamerica
Topic Started: Nov 24 2010, 02:16 AM (419 Views)
mynameis
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Internet Jujitsu
Foreclosure Cover-Up or The Great MERS Whitewash Bill
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mike_abcd

good information...just amazing..never heard of MERS!
Thanks for sharing
Edited by mike_abcd, Nov 24 2010, 05:06 AM.
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T3QuillAMocKINGbird
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That is a decent explanation but not all the info is gleened from it. There are many more articles that go even further with the details and state that just the securitization alone makes the Deed null and void because the banks didn't record their transaction at the county recorders office which allows a legal trail of custody and MERS has no employees only agents so it can not be called into court as a representative of the owner of the note. This is how congress is attempting to empower MERS legally to make its illegal transactions legal now. It was racketeering at its finest! When the banks commit fraud they just go to congress and pass a law stating what they do is legal. And taxpayers pay their bill through Tarp. If the average american business fails it goes into bankruptcy and their assets are sold off for the creditor to recoup, but the banks aren't allowed to fail. Not only could they not fail at derivatives and when those went south the banks can't even be held accountable for their own speculation. Pensions were used to speculate and dumped into their own derivitaves. Many states and agencies participated in the derivative investment of pensions, thinking this was all good and proper seeing that the Glass Stegall was Half Full! But half full with what? And why would anyone want to drink it!

Ellen Brown wrote an article about the Derivatives here: http://www.webofdebt.com/articles/its_the_derivatives.php
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Jelly Bean

mynameis
Nov 24 2010, 02:16 AM
Foreclosure Cover-Up or The Great MERS Whitewash Bill
hey thanx, going to share this around, good info
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