The United States Government should completely control ALL mortgages and provide an interface between the Financial Sector and the American Consumer. The MERS system, entrusted with the nation's mortgages, is a con. The responsibility of the US Government ... and this is why the Right Wingers hate it ... is to act as a referee between the citizens and business ... and we could have used that referee in place as the banks destroyed the real estate sector in their pursuit of fraud generated profit.
I'm all for the US Government taking complete control of Mortgages in order to mandate all sides who sign the mortgage contract are honest.
Furthermore, I would like to see Fannie Mae become a wholly controlled entity of the US Government, as it was when it was originally created. As soon Fannie Mae became a Public/Private endeavor it started to be just another component of the Wall Street fraud factory.
Read the Article at HuffingtonPost
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