L Randall Wray – MERS is Toast – RIP
By Daniel Edstrom
DTC Systems, Inc.
If you have MERS on your loan, banks messed up big time and get no “do over” – congratulations on owning your house free and clear (once you wrestle it free of the big banks that is). So says L Randall Wray, who is the Professor of Economics and Research Director of the Center for Full Employment and Price Stability, University of Missouri–Kansas City. Read his entire article here: http://www.benzinga.com/news/11/02/867233/new-yorks-us-bankruptcy-court-rules-merss-business-model-is-illegal
Congratulations to the mega banks and companies that are MERS shareholders:
