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View Diary: Bombshell MERS Ruling:Process Illegal (144 comments)

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  •  Much more likely, we will be (7+ / 0-)

    told next week, that for the good of the country MERS fraud MUST stand. We really can't afford to lose any of the big 4 banking institutions now, they are all we have between ever having a mortgage again, and absolute ruin.

    Jamie and Llyod have already made the phone calls, couple of justices here, couple of congressmen there, and poof, no more problem.

    My idea of an agreeable person is a person who agrees with me. Benjamin Disraeli

    by pvmuse on Mon Feb 14, 2011 at 05:37:23 PM PST

    [ Parent ]

    •  In Fact (0+ / 0-)

      The judge in this case is recommending a legislative remedy.

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      by bink on Mon Feb 14, 2011 at 05:51:26 PM PST

      [ Parent ]

      •  Judge Quote (4+ / 0-)

        "It is up to the legislative branch, if it chooses, to amend the current statutes to confer upon MERS the requisite authority to assign mortgages under its current business practices."

        http://www.ritholtz.com/...

        Find me fast on Daily Kos by following me.

        by bink on Mon Feb 14, 2011 at 05:52:50 PM PST

        [ Parent ]

        •  Ok, they'll just focus of the congressmen (2+ / 0-)
          Recommended by:
          Badabing, Eric Nelson

          for now, a couple of golf junkets here, private plane rides there, and no more pesky MERS assignment issues. Problem solved!

          Homeowners, you just keep packing, in about ten years all the truth will be out, but by then, as we all know, it will be too late.

          If Homeland Defense can be continued to the tune of billions, with no one stopping it, what's a few million yapping home owners losing their homes?

          My idea of an agreeable person is a person who agrees with me. Benjamin Disraeli

          by pvmuse on Mon Feb 14, 2011 at 06:58:28 PM PST

          [ Parent ]

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