2010-11-14 — cnbc.com
``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. ''
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3katie3 at 07:11 2010-11-15 said:
if congress passes & obama signs this, it is a small but very signficant and talismanic surrender of local rule and states rights to the banks. the kind of small event that marks the start date of revolutions and the finale of regimes. it has a certain smell, like the smell of the selling of indulgences and papal bulls which led to the reformation it is an ex post facto decriminalization of widespread financial fraud and it brings the law itself into disrepute. and the goldman pope still sits secure and securitized in the holy wall street. Permalinkadd a comment | go to forum thread
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