> Not quite sure what the relevance is today of this article from 2012. This article was cited by "A million-dollar brownstone that no one owned" which was on

> Not quite sure what the relevance is today of this article from 2012. This article was cited by "A million-dollar brownstone that no one owned" which was on HN yesterday [1]. > MERS is an entity that was created by the banks but has governmental power. This is both true and hard to believe, so here is a 7,000-word Harper’s piece that both explains it and doesn’t make this article any longer. The piece details MERS’s rise to power and also suggests that it is the single most-guilty party in the whole mortgage crisis. ... > THE BEHAVIORS THAT RESULTED IN THE $25B 'NATIONAL MORTGAGE SETTLEMENT' IN 2013 HAVE CONTINUED UNABATED TO THIS DAY. IN FACT, THEY'VE GOTTEN WORSE. [1] https://news.ycombinator.com/item?id=17804023 https://news.ycombinator.com/item?id=17804023