[meadsjn]

If it happens that half of all the real estate in the country or more is unable to ever again get unclouded titles the government will assume at some point the responsibility and maybe the titles.

Government already has the responsibility and authority to maintain records of titles, deeds, mortgages, etc. -- county governments, in accordance with their respective state laws.

Banksters tried to thwart the county systems, to save money and to perpetuate massive frauds. They gambled, and they should lose all claims of interest in any property associated with MERS. Taxpayers are not responsible for this mess.

[arthurus]

Agreed. I only hope the USSC comes to the same conclusion when it all gets the nine.

[Think free or die]

"Banksters tried to thwart the county systems, to save money and to perpetuate massive frauds. They gambled, and they should lose all claims of interest in any property associated with MERS. "

That could result in a lot of defaults, which would hurt many innocent investors who have invested in mortgage backed securities through various managed funds. It's a horrible mess. I agree that the fraudsters should "pay the piper".