 Edgy is right:
So, MERS, the Mortgage Electronic Registration System allegedly registered and
de-registered mortgages in a telescoping fashion, sometimes with time delays,
so a mortgage could be projected and might, and i say allegedly might show
up on a number of different asset accounts, over a number of different countries,
all at the same time, over a period of time, inflating total mortgage holdings, expanding
the need for credit-default-swap-derivatives, but those are just allegations.
It most likely 'never happened,' (right?) as the feeble enforcement agencies were looking beyond
asset backed paper, to more important objectives, like kids selling lemonade on sidewalks.
What with Bill Clinton making it illegal for banks to deny street-people mortgages, Freddy May,
Fanny Mac, and Paddy Wak, you wonder why the whole thing fell down. And with a massive
inflationary weapon like the MERS system in place, everyone was getting rich on fat commissions
for bloated derivatives floating and insuring trillions of dollars of scum mortgage trash on international markets.
Edgy is far too polite using epithets such as "...fairy dust and unicorn droppings."
I'm thinking an ocean of gangrenous puss, e-coli cess-pools, mountains of gelled
septic sludge, with a crunchy candy coating of dried nasal effluence.
I'll leave it up to your own imagination what the sprinkles on top were made of.
Americans wonder why the Euorpeans, Chinese, Russians, and just about everyone else is po'd at us, US???
Yes, per Edgy's advice:
Choose wisely.
Forget mortgage paper, US Treasuries, bonds, bundles, stocks, puss-coated junk......beotch coins.
Why not buy a few ounces of silver, bullion, and keep it handy for a rainy day.
DCA, All The Way!
 Commented 3750 days ago |
| Beginning of the headline :The rich are getting richer. According to the last Bloomberg list, the fortune of the 300 wealthiest people in the world increased by $524 billion in 2013, reaching a total of $3.7 trillion, while Bill Gates, number one on the list, saw his personal wealth increase by $15.8 billion, which makes him now worth $78.6 billion. Let’s bring out the champagne!
Well, the middle-class will not be drinking champagne... In the United States, there are close to 50 million people on food stamps, almost dou... Read More |
