Judge Finds MERS Has No Right To Transfer Mortgages, Finds Entire MERS Process Illegal

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Mon, 02/14/2011 - 16:35 | 960862 duncecap rack
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Mon, 02/14/2011 - 16:57 | 961007 Thomas
Thomas's picture

Totally awesome.

Mon, 02/14/2011 - 17:06 | 961054 Rusty_Shackleford
Rusty_Shackleford's picture

Alright Hamilton!

Mon, 02/14/2011 - 17:29 | 961178 Judge Judy Scheinlok
Judge Judy Scheinlok's picture





Mon, 02/14/2011 - 17:44 | 961259 waylon153
waylon153's picture

What a joke!  This story broke on Bloomberg 1.5 hours ago and now you can't even find unless already you know it exists and specifically search for it.  None of the other major news services are carrying it.


The implications of this legal decision are profound and yet these "journalists" fail to see its importance?  The wheels of the entire mortgage system are falling off and no one seems to notice?  WTF? Damn, is it just me or is the world getting f*&kin' crazier by the minute?

Mon, 02/14/2011 - 17:49 | 961289 TruthInSunshine
TruthInSunshine's picture

I propose everyone on Zero Hedge refer to 'analysts' and 'journalists' as 'anal-cysts' and 'journal-cysts,' at all times going forward.

It reflects a far more accurate version of the Amerikan Reality we all find ourselves suffering through, today.

Thank you for your cooperation.

Mon, 02/14/2011 - 18:20 | 961407 Metropolis_Minx
Metropolis_Minx's picture

+100. 'Anal cysts'...Damn it, you made me crack a smile, on Zero Hedge, no less.

Mon, 02/14/2011 - 18:40 | 961519 waterhorse
waterhorse's picture

Very funny!  Thank you for the laugh.  I'm in a QT against MERS and the pretender-lenders and a good laugh is quite the stress reliever.

Mon, 02/14/2011 - 17:59 | 961334 system failure
system failure's picture

You would think that section of carpet would be tripping everyone up by now with all the shit they have swept under that mofo.

Mon, 02/14/2011 - 18:16 | 961394 Agent P
Agent P's picture

However, "Viagra Sales Climb as Men Plan Valentine's Day Romance: Chart of the Day" has been on BB TOP most of the afternoon.

Mon, 02/14/2011 - 18:58 | 961597 downrodeo
downrodeo's picture

but you're not really surprised are you?

By now, you understand that The implications of this legal decision are profound, and thus, you may conclude that None of the other major news services are carrying it.


If I sell widgets and run a newspaper, and widgets are found to cause cancer, do I print the story on page one?


Mon, 02/14/2011 - 19:51 | 961763 Bob
Bob's picture

Corporate media ftw!

Mon, 02/14/2011 - 19:15 | 961656 In Fed We Trust
In Fed We Trust's picture

Yet another reason why the president should declare the 'mortgage" itself as illegal.

If you live in a house, it is now yours, free and clear!

Now go get off you ass and campaign for Ron Paul.

Ron will put an end to the fed. But ne needs to do much more, like declare eveyones mortgage paid if full.

That's a good presential plateform to run from. It's almost like buying votes.

We re getting a new system either way you look at it. Might else well go all in for the people and take back what has been swindled away over the last 100 years.

Next people that decide to grow food in their yard will be paid with the new currency....

Many ways you can run with this. Just takes one man like Ron, he needs to be more confrontiona, in your face, like Ventura.

I think one bill like your house is yours, dude, otta fix the system.


Mon, 02/14/2011 - 22:31 | 962319 JLee2027
JLee2027's picture

Property rights are reserved to the States, not the Federal Government. Obama, can whine and stamp his feet all he wants but he's powerless here.

I agree with you, though, the states need to act in unison.

Tue, 02/15/2011 - 00:13 | 962576 TeMpTeK
TeMpTeK's picture

The Banks basically turned debt note instruments which were backed by real property and turned them into unsecured debt equivalent to credit card debt.. The real property has been severed from the note.. Chain of title broken.... The american people through Fannie and Freddie were sold Mortgage backed securities that are in fact NOT backed by any real property.... Its official now.. THE US Dollar is Toast.. America is Toast.....But at least My buddy will get his home free and clear after not paying his mortgage for the last 8 months.. There really is a Santa Claus afterall.

Mon, 02/14/2011 - 16:37 | 960873 chet
chet's picture


(Until Congress gives MERS retroactive authority to transfer mortgages.)

Mon, 02/14/2011 - 16:38 | 960886 Ragnarok
Ragnarok's picture

They don't even have to, because if you don't enforce a law does it really exist?

Mon, 02/14/2011 - 16:41 | 960907 Yikes
Yikes's picture

Your statement makes we want to puke because we all know the answer.

Mon, 02/14/2011 - 16:51 | 960959 Ragnarok
Ragnarok's picture

Rally-on my friend, rally-on.

Mon, 02/14/2011 - 18:02 | 961345 system failure
system failure's picture

They should have a adopt a banker program and bankers should invite the americans they have stripped everthing from to live with them. Bankers should have to work and take care of everything I need.

Mon, 02/14/2011 - 18:27 | 961436 Metropolis_Minx
Metropolis_Minx's picture

Although I think we have the same idea...I prefer the other R-word.
ReVoLuTiOn, my friend. ReVoLuTiOn.

Mon, 02/14/2011 - 16:51 | 960953 Michael
Michael's picture

Head for the Hollywood Hills.

Mon, 02/14/2011 - 17:37 | 961222 Milestones
Milestones's picture

United States Constitution Article I Section 9 (3) Attainder -ex post facto law. No bill of attainder or ex post facto law ( after the fact) shall be passed.  

Sorry, wrong number!! No can do.       Milestones

Mon, 02/14/2011 - 17:54 | 961318 fuu
fuu's picture

Ask Ohio how that little gem of a rule works out.

Mon, 02/14/2011 - 18:31 | 961454 mynhair
mynhair's picture

Hell, ask GM bondholders.

Mon, 02/14/2011 - 16:37 | 960879 Ragnarok
Ragnarok's picture

I thought we came to the conclusion months ago that the law no longer applies to Wall-Street.  Did I miss something?

Mon, 02/14/2011 - 16:40 | 960899 Misean
Misean's picture

No. The judges just haven't got the memo yet.

Mon, 02/14/2011 - 16:42 | 960912 Dr. No
Dr. No's picture

Precisely.  With Algos the predominant movers, "people" news does not impact how the algos price stocks.  Algos simply buy and sell on price and volume.  Once the Algos loose stability and the direction turns down, the pointers will shift to negative and Algos will go short.  It is beyond the influnce of people and or day-to-day news.  I realize it is unstable system, but I am unwilling to bet against it at this time.

Mon, 02/14/2011 - 18:46 | 961548 RECISION
RECISION's picture

As long as you don't take any of it seriously - it's all quite funny really.

Theatre of the absurd...

Mon, 02/14/2011 - 16:45 | 960929 Max Hunter
Max Hunter's picture

No... But every once in a while, we  like to jump up and down on good news even though the score is 42-0 and we just hit the 2 minute warning in the 4th quarter.. But hey, we just held them to a field goal attempt..  But.. they will probably fake the field goal and run it it.. LOL

Mon, 02/14/2011 - 18:47 | 961550 viahj
viahj's picture

more like they will throw the coach's challenge flag and dispute the spot and then the refs will re-spot the ball, re-measure for the first down and voila! ... first and 10, their drive continues.

Mon, 02/14/2011 - 19:30 | 961697 In Fed We Trust
In Fed We Trust's picture

Precisely. Ben BerNanke has been wrong about everything NOT because he is stupid!

He, and the fed have been swindling us for many years, and yet their biggest heist is just around the corner. Ben is an actor, and well versed economist.

His like Kevin Spacey in Usual Suspects. Mastmind criminal.

Ron Paul needs to tie Ben to a lie dector test if this shit is so important. It ain't goin happen.

As they race us of a cliff, they are have parachutes, and suitcases of cash, and will descent, unlike your desecnt, to the Cayman Islands,

and Glenn Beck will there scratching his head, blaming it budgets issues, the debt, the wars etc.

Criminal Negliegence is what Ben is guilty of if he is plan stupid. But he is actual plotting the death of the dollar. This is the mission, and it is predmedatative, and planned for years. >NWO

But Ben and Co wont be holding dollars. They will be holdings gold/oil and the mortgage to your house.

Have fun with that.



Mon, 02/14/2011 - 16:38 | 960880 Ancona
Ancona's picture

Well see. this will get buried and the MSM will never dare to entertain the idea of putting it before the public.

Mon, 02/14/2011 - 19:55 | 961776 Bob
Bob's picture

I've got four oz of silver to bet that Ratigan runs it tomorrow.

Mon, 02/14/2011 - 16:38 | 960881 unwashedmass
unwashedmass's picture


hope this guy doesn't ride in any small planes any time soon...

oops, forgot, the bankers are now favoring hit and runs a la andrew maguire.

Mon, 02/14/2011 - 16:38 | 960884 jus_lite_reading
jus_lite_reading's picture

Another one of Bernank's GREEN SHOOTS. This is good for BofA and the "markets"

Mon, 02/14/2011 - 16:38 | 960887 gwar5
gwar5's picture

Wow that's a set back for them though, for sure. So far they're not winning these battles.

But you're right, TD, once upon a time such a thing would cause a major move the markets.

Mon, 02/14/2011 - 16:38 | 960889 NOTW777
NOTW777's picture

excellent. always thot they simply dreamed up their own conveyance system w/o legal basis

Mon, 02/14/2011 - 16:39 | 960895 NOTW777
NOTW777's picture

now, do the same thing to obamacare and finreg

Mon, 02/14/2011 - 16:43 | 960924 Vergeltung
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Mon, 02/14/2011 - 16:39 | 960896 Yikes
Yikes's picture

All rational people: "Ouch! That's going to hurt."

Ben "POMO" Bernanke:  "Hmm no, not really."

Mon, 02/14/2011 - 16:40 | 960903 Piranhanoia
Piranhanoia's picture

The only way yet to put money back in the people of this nations hands.

Mon, 02/14/2011 - 16:42 | 960904 HamyWanger
HamyWanger's picture

More doom news for pathetic permabears.

In the mean time, socks are reaching new highs.

I bet $1,000 that this story will be buried : just like the silver "manipulation" lawsuit, the "Fraudclosure" thing...

The global economy is recovering, and the attempts of permadoomers to deny it is frightening.

Mon, 02/14/2011 - 16:43 | 960920 TruthInSunshine
TruthInSunshine's picture

"... socks are reaching new highs..."

Gold, silver, wheat, copper, cotton, tungsten...and underwear, too!

Mon, 02/14/2011 - 16:51 | 960957 Hook Line and S...
Hook Line and Sphincter's picture

socks or eso si que es?

Mon, 02/14/2011 - 16:48 | 960941 williambanzai7
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Mon, 02/14/2011 - 17:10 | 961070 LFMayor
LFMayor's picture

WBZ, is that Fatty Arbuckle: Woman Beater (on the right)?

Mon, 02/14/2011 - 17:28 | 961171 williambanzai7
williambanzai7's picture

Could be ;-)

Mon, 02/14/2011 - 19:02 | 961609 downrodeo
downrodeo's picture

if you tilt your head to the side, he looks a bit like bill clinton...

Mon, 02/14/2011 - 16:50 | 960949 duncecap rack
duncecap rack's picture

I'll say socks are reaching new highs. You've got them pulled right up over your eyes. You can't see a fucking thing.

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