I really find this article and the interview responses so extraordinary. Nothing surprises me anymore, it’s like our entire economy and every piece in it are totally failed, but everyone just shrugs their shoulders and says, “ahhhhhh”, “too bad”. No apology. No admission or recognition of any wrongdoing and OH GOD NO CERTAINLY NO PUNSISHMENT.
What I find most astonishing about the whole MERS debacle is just how small and unprepared the whole company was to deal with the crisis that has swept across this country. Apparently, I’m not the only one that was surprised. Just read what the new CEO of MERS had to say:
MT: What stands out about what you know now inside Merscorp that you didn’t know before you started?
Beckmann: That MERS really is a small company. We’re up to 65 people now, from 50 at the beginning of the year.
MT: Is the MERS System still a viable component of the mortgage industry?
Beckmann: What’s the alternative? Is the alternative to go back 20 years and start recording these things on paper again? There is no good alternative.
Catch the full article here: