Reply #9: Outstanding! MERS: Dr Frankenstein's Operating Table [View All]

[chill_wind]

"This is the biggest fraud in the history of the capitol markets."
-Janet Tavakoli

http://voices.washingtonpost.com/ezra-klein/2010/10/this_is_the_biggest_fraud_in_t.html

MERS 101

MERS has absolutely NO EMPLOYEES.

“Deposition of Secretary and Treasurer of MERSCORP- William C. Hultman“

Does MERS have any salaried employees?
A No.

Q Does MERS have any employees?
A Did they ever have any? I couldn’t hear you.

Q Does MERS have any employees currently?
A No.

Q In the last five years has MERS had any
employees?
A No.

Q To whom do the officers of MERS report?
A The Board of Directors.

Q To your knowledge has Mr. Hallinan ever
reported to the Board?
A He would have reported through me if there was
something to report.

Q So if I understand your answer, at least the
MERS officers reflected on Hultman Exhibit 4, if they
had something to report would report to you even though
you’re not an employee of MERS, is that correct?

MR. BROCHIN: Object to the form of the
question.
A That’s correct.

Q And in what capacity would they report to you?
A As a corporate officer. I’m the secretary.

Q As a corporate officer of what?
Of MERS.

Q So you are the secretary of MERS, but are not
an employee of MERS?
A That’s correct.



Q How many assistant secretaries have you
appointed pursuant to the April 9, 1998 resolution; how
many assistant secretaries of MERS have you appointed?
A I don’t know that number.

Q Approximately?
A I wouldn’t even begin to be able to tell you
right now.

Q Is it in the thousands?
A Yes.

Q Have you been doing this all around the
country in every state in the country?
A Yes.

Q And all these officers I understand are unpaid
officers of MERS?
A Yes.

Q And there’s no live person who is an employee
of MERS that they report to, is that correct, who is an
employee?

MR. BROCHIN: Object to the form of the
question.

A There are no employees of MERS.

http://www.democraticunderground.com/discuss/duboard.php?az=show_topic&forum=389&topic_id=9560185#top

"The purpose of MERS was to help in the securitization process. Basically, MERS directed defaulting mortgages to the appropriate tranches of mortgage bonds. MERS was essentially the operating table where the digitized mortgage notes were sliced and diced and rearranged so as to create the Mortgage Backed Securities. Think of MERS as Dr. Frankenstein’s operating table, where the beast got put together. "

Gonzalo Lira On The Second Leg Down Of America's Death Spiral
Tyler Durden on 10/14/2010 10:19 -0500

http://www.zerohedge.com/article/gonzalo-lira-second-leg-down-americas-death-spiral


Foreclosuregate: Time To Put A Fork In MERS?
http://www.democraticunderground.com/discuss/duboard.php?az=show_mesg&forum=439&topic_id=411092&mesg_id=411443

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You should make your post an OP. I applaud your fight and am rooting for a fair decision for you. Looking forward to hearing you share more on the process and outcome.