I understand the current issue as to whether the internal MERS assignation of ownership can be reconciled with the actual paper-based ownership or not. And I see why this was useful to the securitization process.

But what I am really struggling with is CDO-squared. Once you make CDOs of CDOs, how does that affect the (alleged) title in MERS??? Surely there are then two claims on the same property?

And is there some sort of second system of tracking like MERS somewhere? E.g. does each MERS entry in fact somehow suffer from the same problem that the mortgage deeds suffer from ?

Ben, now confused, just when it all seemed so clear .. .

When you said 'it gets worse' were you referring to the fact that loans have been pledged to multiple buyers?

See here

http://huffpostfund.org/stories/2010/10/new-tax-man-big-banks-and-hedge-funds

Instead of creating QE pounds, lets create a parallel currency (call it kilos, GBK for short) and issue QE of that instead.

Make it legal tender, 1GBK = 1GBP in all respects except it is not valid for payment of taxes.

Now the GPK will have a higher velocity than GBP, and businesses will not accumulate them as they would have to pay 30% corporation tax on them but cant use them to pay it!

So the GBK will actually be spent, and spent again, and again without all ending up in a bank.

If you wanted to be really cunning you would say they couldn't be used for foreign exchange or interest payments either, so the QE stayed local and didn't disappear offshore.

It reminds me of a kid losing interest in a sophisticated toy. There's only one thing left to do with that toy – let's break it open and see how it works! Bum! It won't go back together! Better hide it under the bed and hope Daddy does not notice. I saw him sharpening sticks in the garage.

Linda Green the human servant (got a song about her half finished for you Rich, to do with your stakes 😉 ) That had nothing to do with the forgery as such, as nobody knew what her signature looked like ( we all know a £20).
That's all about the trust, faith in the system.

But when profit has the most gravity, compassion, empathy, profit for the soul and trust are forgotten in the animal drive.
I'm sure alot of these bankers did it to help their own families get ahead, basic drives uncluttered. Like drunks on a saturday night, blinkered with their lizard brains switched to turbo.

Is evolution brought around by harsh events? Resistant Superbug making little Johnny sick because his mum tries to wipe everything out with chemicals.

If so for us to evolve it's gotta go bang and then we see who wins.

The Empire, guest starring Barry Soetoro and his Bildeberg mates or the masses.

That's evolution, evolution with an R

Good name for the album

http://www.myspace.com/strangetowncollective

It's all quite ludicrous, like attempting to counterfeit currency merely by photocopying it. Surely the banks with their sophisticated teams of lawyers and analysts could have had the foresight in these last two years to predict that this would all unravel.
They must be supremely arrogant in their confidence that governments will bend to their will. It makes me re-consider those conspiracy theories regarding hidden agendas of unelected World governments.