You have been working for many years and are now thinking about your future and the investments you can make. Even though there are many things you can do…
think of the $100 million in lost fees because they were going around the chain of title fees chain, bank of america was, think of that next time your county leaves a road unpaved or forced to raise property taxes to keep schools open. right. right. look, all the banks got together in the last decade and they said we don t want to have to pay a fee every time we register a deed or do a deed transfer. we re not going to go to the city clishg s office anymore and we re not going to pay that fee. we re going to set up our own private electronic registry system which we re going to control and we re going to pay pennies on the dollar and not going to the city clerk s office anymore and we re not going to pay the fees. was that legal? no. it wasn t legal. they never asked for permission to do it. and so what happened was counties all around the country like dallas county, like harris county in houston, texas, they just didn t get these fees anymore. so, you know, multiply $100 millio