welcome back today we have a very special guest we're talking to dr lanty pham she's a former principal analyst and financial economist at this the congressional budget office supposed to be objective supposed to be nonpartisan dr pham she was fired when they didn't like her analysis because it wasn't as rosy as they would have liked it to be they didn't want to talk about problems in the mortgage market the housing market problems with robo signing with the banking sector and of course robo signing we don't how that turned out there was just a settlement the problems in the mortgage market continue to plague us and she has actually said she was fired she's telling us about the issues she was finding the did play out which still very much play a role today one of them is something you maybe have never heard of mers it is this database that basically made all of this information that used to be filed with the county about mortgages private and this opened the door to mortgage backed securities is huge trillion dollar market in them so let's bring dr fan back in to talk about how mers pla