MERS will not survive more than a few short weeks. It has virtually no employees, no loss reserves, no capital. Its record-keeping is a joke. And it is all that is standing between the biggest banks and Armageddon.
When the foreclosure fraud scandal hits the front pages again, and threatens to hurt powerful financial institutions -- rather than just the powerless -- will the Wall Street-White House syndicate keep pushing the paperwork canard?
Like vampires, America's banks are creatures who were brought back from the dead through the public's generosity. Now they're feasting on the rest of us again, while politicians work to rob us of the few tools we can use to defend ourselves.