Inland Empire Progressive

Note: I wanted to posted this article in full from bluegrassforeclosure.com The main takeaway is that MERS holds all the land titles. Who gives them authority to do so? How do they know who the originator is? This mortgages were so sliced and diced by Wall Street that we don’t know who owns what or how they own it and what piece. Eric Schneiderman has the regulatory authority to investigate MERS, when will the subpoenas start coming down. What the heck is MERS, anyway? October 11th, 2010 This original post can be found at Examiner.com . As we have reported, a federal lawsuit has been filed against banks and MERS. The suit alleges, among other things, that the banks and MERS conspired to file foreclosures against homes that the banks did not actually have a lien against. Confused yet? Don’t worry, I am too. I’ll try to shed some light on what the HECK is MERS anyway . . . ? Kentucky is a title lien state, wherein title is actually held by the owner of the real property. Then a bank o...

When most of us think of the Free Market we think of businesses providing goods and services to individuals through the act of buying and selling. This is most seen most by the cathedrals of capitalism (and in my opinion the source of Inland Empire decadence and decay) the mall and big box stores. However, what some people don't realize is that these publicly traded companies also buy and sell on Wall Street. Wall Street, although kicked when its down, is revered when the market is up so it is pretty much like a sports team. This ivory tower of information and capital and the captains of industry who manage them hide one fact though. Trades are not based on people on the floor yelling buy or sell like in the movie Trading Places, but through complex algorithms in which one glitch can cause a "Flash Crash". So is our Free Market really comprised of free traders? I think not. Here is the link that inspired the story.   http://www.politico.com/news/stories/0510/37975.ht...