Denninger vs Mish: MERS loses a court case in Utah
• Market-ticker.orgThe parties assembling these loans into trusts knew damn well that State Law required recordation of interests and that they were marketing these loans as fully-secured by the underlying real estate. They decided, on their own initiative, to forego.
The banksters should have named this scam MERD (shit in French) as it is more appropriate and representative of it. With this merd, they have scammed millions by not paying filing fees to the different counties. As always, they put our money in their pockets, the cities get cheated and we pay to make up for the deficit. Disaster Capitalism at its best.