Oh boy! Here we go – thanks Neil!
By The LendingLies Team
In an ongoing California Appeal (that will go unnamed at this time), a homeowner’s attorney obtained a routine MERS corporate disclosure statement in response to an opening appellate brief he had filed. The attorney shared the disclosure statement with a colleague in Hawaii who noticed that MERS claimed it was owned by its holding company who was owned by Maroon Holding, an LLC. Further research revealed that Maroon was more than 10% owned by “Intercontinental Exchange, Inc.” (“ICE”). Additional digging revealed that ICE was listed as the parent corporation for the New York Stock Exchange. At that point red flags were raised.
The attorney, flabbergasted, after years of trying to peel the layers off of the proverbial MERS onion, discovered that ICE purchased the New York Stock Exchange (“NYSE”) for around 8 billion dollars, and it is now worth over 11 billion dollars (huge profits fueled…
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