Piles of Dead Bankers and an Exodus from MERS

George Mantor | April 24, 2014

Around the world, bad things are happening to bankstas.  They’ve been plunging off of buildings, getting hit by trains, and gunned down along with members of their families. By some accounts, more than twenty have so far bitten the dust. Stop snickering, this is serious.

Not tragic, per se, but serious.  And curious.

Meanwhile, regulators are looking into what might be behind the resignations of several MERS senior executives from the legal department. The legal department?

You remember MERS, Mortgage Electronic Registration Systems Inc., which provides plausible deniability and a prosecutorial firewall for massive global fraud.

By now, everyone knows about banks or bankstas as I prefer to call them.  They commit almost ceaseless fraud in a fashion that perfectly fits the definition of RICO, Racketeer Influenced and Corrupt Organizations Act.

It occurs across state lines, is the collection of an unlawful debt, involves wire fraud, mail fraud, securities fraud, forgery, and money laundering.  The proof of the conspiracy involved is the collusion of the parties who created MERS to hide the fact that numerous pools of mortgages contained the same mortgages.

MERS was not created to save recording fees, which they did, in the hundreds of millions at least. The recording fees they evaded cheat counties out of the very revenues they need to maintain the title records.

They didn’t create MERS to speed the sale of mortgages.  That isn’t how it works.  The notes and mortgages or trust deeds weren’t being sold to anyone.  They were supposed to be held by a custodial trustee.  All that was being sold were pieces of the revenue streams from the payments into the pools.

Notes and mortgages weren’t being sold over and over again.  That makes no sense. Nothing would occur to increase the value of the note that would cause the next person in a seemingly endless chain to buy it.

What does makes sense is if I sell you a bond that pays a monthly return of x% and ultimately the return of your principal for which the bond, supposedly backed by real notes, is your security, plus insurance for any loss.

Rinse and repeat.  The investor, often a pension fund, hands over a bundle of cash to the banksta, takes his bonds, and goes back to managing the fund.  Next month, the pension fund gets its first payment and all appears to be fine and dandy.

The banksta keeps the cash, makes payments to the fund out of that cash just like a typical Ponzi scheme. They take some of the money and make loans intended to fail. That way they can default the entire pool and they don’t have to keep sending the investor’s money back to him every month.

Once a certain number of loans, supposedly in a pool, are supposedly in default, the pool is declared to be in default and stops forwarding any payments to the investor, and collects on insurance purchased by the banksta who made what he knew were loans destined to fail.

That way, the investor would never really know that their bonds were worthless from the beginning because the underlying collateral was being used to secure other bonds.

When the pool defaults, there is no expectation that there will ever be any return of the investor’s principal, just some insurance for the loss.

It isn’t necessary to foreclose on a home to make this work.  In many places around the country, no foreclosure sale ever takes place.  Legally, the property is still the responsibility of the borrower.  A default and a foreclosure are not the same thing.  They only care about the insurance from the default.

In those areas where value remains in the property, they will generally begin the foreclosure process. And, why not?  96% of all foreclosures go uncontested.  Those that do resist lack the funds and legal expertise to prevail in a lawsuit against the best crooked attorneys unlimited stolen money can buy.

Those attorneys use the MERS system to fabricate, forge, falsely notarize and record in land title records, documents that are allegedly proof of their right to foreclose.

MERS is the smoking gun.  Why did we ever need a bank-owned, unapproved, alternative title registry when there isn’t a single shred of evidence anywhere that there was anything wrong with the citizen-owned, reliable and transparent system already in place?

Who said they could do that?

If that is the way it’s going to be done, why do we need to spend millions of taxpayers’ dollars to maintain a system creating numerous breaks in chains of titles, limited transparency, and zero reliability?

MERS allows a cabal of bankstas to appoint themselves beneficiaries of loans they never had anything to do with.  This they achieve by means of a fabricated, forged, falsely notarized, and criminally recorded assignment that magically gives them the right to foreclose.

This document is used to commit fraud upon the court.  And, it remains in the chain of title. This affects more than 60 million mortgages and land title records in over three thousand counties nationwide.  These are dirty deeds.

If that makes you angry or you want to learn more go here:  http://nodirtydeeds.com/

I believe that resignations from MERS legal department are a significant indicator that the fraud might be about to bust wide open.  This could be just the beginning of the days of dead bankers.  Be sure to look up when leaving tall buildings, particularly those housing banks.