MERS Gives Testimony Before Michigan House Banking Committee

Bill Hultman, a representative from MERS testified before the Banking Committee of the Michigan House of Representatives yesterday.   He basically reiterated the MERS company propaganda that is on their website.  He did hand out a Power Point Presentation which you can see below:

MERS Power Point From MI House Banking Committee 5-25-2011

The Republicans on the committee (who make up the majority) fired off a lot of soft ball questions.  However, Representative Jeff Farrington, a Republican from Utica did ask him about how Marshall Isaacs from Orlans Associates has the authority to sign as a Vice-President of MERS.  That question made me happy because it showed someone in Lansing reads my blogs.

Unfortunately, Marty Knollenberg, the Chair of the Banking Committee knew absolutely nothing about what caused the housing crisis and by his own admission had never heard of MERS until the Court of Appeals ruling made headlines across the state last month.  You read that correctly, the Chairman of the Banking Committee does not understand the mechanics of credit banking or home finance in this country.  What’s even more disturbing is he had never heard of one of it’s key components until recently.  I guess the Chairmanship of the committee was his reward for being  the son of a major player in the Michigan Republican Party.  He is the son of former Oakland County Republican Party Chair and Congressman Joe Knollenberg.

The cool thing about this video is the post-testimony interviews and commentary by Dave Scott and Justin Groves from Dailey Law. The interviews with both Rep. Marty Knollenberg and Ingham County Register of Deeds Curtis Hertel were great.  Curtis Hertel even plugged MFI-Miami which was cool!