What you never said was the MERS was ILLEGAL! You make it sound like they just made a some kind of business mistake or a marketing error not that the BROKE the law. You are a apologist for the banks illegal activity.
Your premise maybe right but declaring that it was a good idea is just gone wrong isn’t.
By the way did you ever think that if they would have just bothered to follow the law in the first place we wouldn’t have this mess and that the ‘dead beats’ would be out on their rears already and without a leg to stand on?
Since when is getting real estate law wrong not a business mistake? In any case, if MERS's illegality is so clear, then why are the courts having such a hard time sorting it out? Real estate law is complicated. You can bet plenty of lawyers went over how MERS worked (or was supposed to work) and blessed it as OK. All the banks were trying to do before the system collapsed was to make money serving the public interest, as defined by Barney, namely, that every schlub should be a homeowner, but especially schlubs from the most reliable Democrat constituencies.