Comments on: Delaware AG Biden Settles with Mortgage Electronic Registration Systems (MERS)

By: billmorgan

billmorgan — Sun, 15 Jul 2012 13:12:13 +0000

I think it’s Attorneys General, not Attorney Generals……

By: talktotennessee

talktotennessee — Sat, 14 Jul 2012 22:26:14 +0000

These suits are brought to feather a few pockets, cause a stir, make people think others are DOING something. Biden got his mileage out of it and the situation is actually worse now that he recognizes MERS and is dealing with them. This little shot across the bow threat worked for Biden. He got the banks attention and probably something more to boot.
Lawsuits favor those who bring them. We are helpless. When the victim or public realizes how helpless and exposed they are, there is despair. Better to have one’s head stuck in the sand than to be cognizant of the fact that you are being raped and can do absolutely nothing to stop the violation.

By: Beth A.

Beth A. — Sat, 14 Jul 2012 16:02:01 +0000

Unreal.
The “rape” of the consumer just continues on….

By: Hartzman

Hartzman — Sat, 14 Jul 2012 15:37:25 +0000

Please cover this story.

From a public records request of George Hartzman’s Wells Fargo NC whistleblower filing

http://hartzman.blogspot.com/2012/07/from-public-records-request-of-george.html

From an email sent to xxxyyy

http://hartzman.blogspot.com/2012/07/from-email-sent-to-xxxyyy.html

From the FOIA request for George Hartzman’s NC State filing: “Wachovia FAs Get New Name, But No Traditional Retention Plan”

http://hartzman.blogspot.com/2012/07/from-foia-request-for-george-hartzmans_13.html

From the FOIA request for George Hartzman’s NC State filing: Marketing and Sales Presentations – FINRA Conduct Rule 2210

http://hartzman.blogspot.com/2012/07/from-foia-request-for-george-hartzmans.html

Forwarded to Michael Mashburn, SEC and Daniel Stefek, FINRA- both of whom recieved NC Securities Division File No. 12 SEC 84, in late June, who spoke with George Hartzman during the second week of July

http://hartzman.blogspot.com/2012/07/forwarded-to-michael-mashburn-sec-and.html

By: J Alonzo

J Alonzo — Sat, 14 Jul 2012 14:33:06 +0000

Welcome to how things are done. The Sheeple get prosecuted and big corporations dont get touched!
They pillage the sheeple out of their homes and rights and our elected officials and judges, DONT CARE!
We are becoming a HUGE MEXICO. The middle class is getting crushed and the ultra rich and powerful is protected by our police and elected officials.

By: talktotennessee

talktotennessee — Fri, 13 Jul 2012 23:17:58 +0000

In reply to leapfrog.

This is “back door” manipulation. By agreeing to terms WITH MERS, Biden acknowledged the state recognized their existence or standing when he settled with them, really the underlying banks that make up MERS “listing” database. Failing to challenge the actual validity of the entity but to alternately both recognize it and make demands on it as a legal entity, you have given your ‘blessing’ to its right to exist if they remedy a few indiscretions!
It is a ‘read between the lines’ deal that goes on in the legal world.
If you ‘ain’t’ against MERS, you endorse their right to act in the same capacity in which they have previously with a slap and a pat!
This is what happened here. . . . .

By: leapfrog

leapfrog — Fri, 13 Jul 2012 21:24:11 +0000

In reply to talktotennessee. But how does he have authority to give MERS legal standing? There were no state laws passed giving this quasilegal database any authority over anything and who is he to now declare that they are absolved of any wrongdoing, when the whole stinking thing was never legalized from the get-go?

By: leapfrog

leapfrog — Fri, 13 Jul 2012 20:21:31 +0000

In reply to talktotennessee. yeah, this is CRAP.

By: talktotennessee

talktotennessee — Fri, 13 Jul 2012 18:51:33 +0000

Biden just ‘gave’ MERS, legal standing, allowing them to “clean up” their act for a buck and a few little reporting duties, little more than a slap on the wrist. Wonder if big banking backing this shell entity promised a little more into the campaign coffers, etc. You have to hand it to these politicians, they may put up a good front but it seems all are caving and collecting money for everything and everyone but the actual victims!

The only thing of value is not allowing MERS to foreclose in their name and disclosure of who IS foreclosing but only in that state and only for 5 years. Big dot deal! No nationwide compliance just a little something to give the banks time to scrub their books.
.
This is blatant sell out that got him a little positive recognition. This suit now slithers away with the rest of the slimy settlements that are bringing relief to no one who was and is being defrauded.
Just more BS! Just makes one want to renounce citizenship in our declining plutocracy!

By: indio007

indio007 — Fri, 13 Jul 2012 17:12:24 +0000

This doesn’t do anything to address the real problem with MERS. The accuracy of their system. Last I knew all that a MERS member had to do to get the mortgage transferred into it’s name was to simply assert it. No proof was required. Absolutely zero verification was necessary. I wish I could remember the case that a non-mers member company was suing because MERS transferred multiple mortgages to another company and would absolutely not respond to the true owner.