Jumat, 10 Desember 2010

L. Randall Wray: Anatomy of Mortgage Fraud: MERS's Smoking Gun, Part I

In two recent pieces I harped on the problems at MERS, the Mortgage Electronic Registration System. ("Support Representative Kaptur's Bill: Time To Shut Down Mers And To Restore The Rule Of Law" and "Shut Down MERS"). Briefly, MERS purportedly offers an alternative to paperwork,

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