Saturday, November 13, 2010

CNBC Article - Congress Ready to Make MERS LEGAL and STOP FRAUD Charges BY MAKING BANK FRAUD LEGAL!

Two Days ago, I posted about an ALERT - about Congress making MERS LEGAL - Retroactively!

Well CNBC has now confirmed a Bill is IN THE WORKS - TO MAKE ALL THE WALL STREET BANK FRAUD LEGAL!  Says Wall Street Money is pouring into the Congress Hands and a Bill has been Drafted!

I will say this ONCE MORE!

IF CONGRESS RETROACTIVELY MAKES ALL BANK FRAUD LEGAL - THEN WE HAVE NO GOVERNMENT ON THE SIDE OF THE PEOPLE!  ALL CONTRACTS IN THE FUTURE WILL BE SUSPECT, DUE TO THEM BEING ABLE TO BE CHANGED AT THE WILL OF THE BANKS AND GOVERNMENT!

THIS IS SERIOUS!  I HOPE PEOPLE REALIZE THAT!

THIS WOULD BE ALLOWING BANKS TO MAKE UP ANY CONTRACT THEY WANT - YOU THEN SIGN IT - THEN IT CAN BE CHANGED TO SCREW YOU LATER!

THIS MEANS NOTHING WE SIGN CAN PROTECT US IN ANYWAY - DUE TO TPTB ABLE TO CHANGE THE LAWS AND CONTRACT ITSELF AT THE WILL OF THE PAID OFF ELECTED OFFICIALS!

This Can NOT BE!  This Can NOT be allowed!

We will have Lost our voice and We will have Lost our Country - It will then be Obvious Banks and Bankers are the Ones who Actually RULE the United States! 

Also, where would the State's Rights be with this bill?  The States have lost money due to this bill in the Billions of dollars due to MERS not registering each transfer!  The States themselves Can not allow the Federal Government to come in and change the State's way of doing business and their rights!

In the other link of the post I did two days ago, I have the Congress and Senate links for finding everyone of their phone numbers.  The problem I see, is the Lame Duck Congress will vote it in............ as a Last SCREW YOU to the American Public!

Portions of Article:

When Congress comes back into session next week, it may consider measures intended to bolster the legal status of a controversial bank owned electronic mortgage registration system that contains three out of every five mortgages in the country. 

Now it appears that Congress may attempt to prevent any MERS meltdown from occurring. MERS is owned by all the biggest banks, and they certainly do not want it to be sunk by huge fines. Investors in mortgage-backed securities also do not want to see the value of their bonds sink because of doubts about the ownership of the underlying mortgages.
So it looks like the stage may be set for Congress to pass a bill that would limit MERS exposure on the recording fee issue and perhaps retroactively legitimate mortgage transfers conducted through MERS private database.



1 comment:

  1. Clinton, Bush and Obama are de-regulators and in the pocket of big business. So are most in congress. High dollar campaign contributions are pooled together by "rangers" etc. and then are given in person in a quid pro quo arrangement. In other words legalized bribery. OpenSecrets.org has been reporting this for a while and so has Ralph Nader. Of course people don't pay attention. The crisis is the fault of the American people being fooled by lack of critical thinking skills and globalized and corporatist newspapers and TV news outlets. Replacing incumbents with deregulation Tea Party folks who are also funded by big business (e.g. Oil Companies) is not helping anyone.

    ReplyDelete

Thank you for commenting. I moderate the comments due to a mass amount of spam, even though there is a word verification needed. I also moderate them due to some very foul and violent comments at times. Thank you for understanding. I am not at the computer constantly so sometimes it takes a little longer for the comment to show up. I appreciate hearing from you and you adding your voice to the conversation. Sherrie