Who OWNS Foreclosed U.S. Properties?, Part II: the role of MERS
In Part I, “Scam in the making”, I explained how Wall Street created the U.S. housing-bubble and its concurrent Ponzi-scheme – with the full assistance of its accomplices: U.S. rating agencies and U.S. regulators. I also explained why it had to be obvious before they started creating this bubble that it would end with an unprecedented wave of foreclosures. Because a big part of the bubble/Ponzi-scheme was “mortgage securitization” (which meant the bank originating the mortgage no longer held title to the mortgage), and because the U.S. financial crime syndicate knew there would be a huge wave of foreclosures, it...
Original Article: Forum: News/Activism
Tags: Accomplices, Bank Mortgage, Crime Syndicate, Financial Crime, Foreclosed Properties, Foreclosures, Housing Bubble, Huge Wave, Mers, Mortgage Securitization, Ponzi Scheme, Regulators, Unprecedented Wave, Wall Street, X96