8/8/2019 MERS to Be Legitimized by Act of Congress

http://slidepdf.com/reader/full/mers-to-be-legitimized-by-act-of-congress 1/2

PARDON! LIVINGLIES OBTAINS WALL STREET

PLAYBOOK: MERS TO BE LEGITIMIZED BY ACT

OF CONGRESS 

Posted on November 11, 2010 by Neil Garfield

After years of negative judicial decisions about the use of a straw-man on

mortgages, MERS was about to lose its existence as well as its credibility. But

now all of that is set to change as Wall Street money is pouring into the coffers of 

those who are receptive (i.e., almost everyone in Congress). The legislation is

already being drafted under the interstate commerce clause to ratify MERS and

everything it did retroactively. It appears that the Obama administration is

ready to pardon all the securitization deviants by signing this bill into law. This

information is corroborated by several people who are in sensitive positions —

persons who would be the first to know such proposals. Fortunately, there aresome people in Washington who have a conscience and do not want to see this

happen.

Besides the obvious seediness of this maneuver, it runs roughshod over state property laws,

and the rights of investors, homeowners and borrowers. It amounts to a permanent

installation of a Federal system that supersedes the county records for recording property

rights. Off-record comments I’ve heard from people in power are outraged at this assault

on states’ rights. But these people are not legislators, who are getting promises larger than

anything in your imagination, if they will support such a bill. It might be couched as a

uniform law to be adopted by the states to get around the states rights issues, but it will

permanently remove some of the power over property that lies solely within the

 jurisdiction of the states and place it preemptively within federal jurisdiction. 

All of this is scheduled to happen during the lame duck session of congress between now

and the end of the this year, 2010. That means in a manner of days, some bill that may look

like it has nothing to do with property, mortgages or foreclosures is going to have attached

to it a provision whose effect will go even further than the notarization bill that went

through Congress like S–t through a goose and almost got signed by the President. We

caught that one AFTER it was passed by Congress unanimously but before Obama signed

it.

We announced it as an attempt at a presidential pardon to all those who

committed crimes in the notarization of documents that were fabricated and

forged, all those who committed forgery and perjury and all those who created

counterfeit documentation that was presented to courts as original documents.

8/8/2019 MERS to Be Legitimized by Act of Congress

http://slidepdf.com/reader/full/mers-to-be-legitimized-by-act-of-congress 2/2

This time we got the information, we think, before it was stitched into some innocuous

looking bill. If we don’t find it and block it, the plight of homeowners will get that much

worse.