In 2012, when we think Wall Street we think: MF Global theft, JPM criminality, Goldman naked shorting, DTTC failures to deliver, precious metals manipulation, fractional reserve banking, Comex games, HFT trading and endless derivatives. But don’t forget about MERS and mortgage fraud – because according to Vermont Trotter, the National Director of ‘Protect Americas Dream’ it’s all tied together in one giant Ponzi scheme. The worst part is, the bank you pay for your mortgage probably does not even hold the title to your home. It’s a mess – and we are ALL victims.
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Thats the honest truth.The housing market has been in turmoil since MERS appeared on the scene.They took a good system and turned into a dog and pony show.Years of work in the title industry just flushed down the tubes.Years of doing things the right way I might add.Causually just gotten rid of for a bigger and better way for banks to screw the common person and no where to go to fight it!Eventually one would hope this would come out and be taken care of but after years of this(And I trace it back to at least 2000) things remain pretty much the same.We now have title people,county assessors and so forth that are starting to get it,but day late dollar short to do anybody that was lost back in the early years any good.