You are hereBlogs / ChesapeakeCitizen's blog

ChesapeakeCitizen's blog

Homeowners' Rebellion: Recent Rulings Could Shield 62 Million Homes From Foreclosure

Thursday 19 August 2010

by Ellen Brown, t r u t h o u t

Over 62 million mortgages are now held in the name of MERS, an electronic recording system devised by and for the convenience of the mortgage industry. A California bankruptcy court, following landmark cases in other jurisdictions, recently held that this electronic shortcut breaks the chain of title, voiding foreclosure. The logical result could be 62 million homes that are foreclosure proof.

In a Newsweek article a year ago called "Too Big to Jail: Why Prosecutors Won't Hit Wall Street Hard in the Subprime Scandal," Michael Hirsch wrote that we were unlikely to see trials and convictions like those in the savings and loan scandals of the 1980s, because fraud and blame have been so widespread that there is no one to single out and jail. Said Hirsch:

Target Aint People

Two Timely and Informative Podcasts On The BP Gulf Oil Disaster

Below are links to two new Backbone Campaign podcasts. They're action-oriented and more relevant with every passing day's news.

Accountability for BP: Lessons From London
June 14, 2010
Featuring James Marriott of PLATFORM

Transforming Catastrophe into Opportunity
May 10, 2010
Featuring Antonia Juhasz, James Handley, and Kathy Callan

Speaking Events



August 2-6: Peace and Democracy Conference at Democracy Convention in Minneapolis, Minn.


September 22-24: No War 2017 at American University in Washington, D.C.


October 28: Peace and Justice Studies Association Conference

Find more events here.


Support This Site


Get free books and gear when you become a supporter.



Speaking Truth to Empire


Families United


Ray McGovern


Julie Varughese


Financial supporters of this site can choose to be listed here.



Ca-Dress Long Prom Dresses Canada
Ca Dress Long Prom Dresses on

Buy Books

Get Gear

The log-in box below is only for bloggers. Nobody else will be able to log in because we have not figured out how to stop voluminous spam ruining the site. If you would like us to have the resources to figure that out please donate. If you would like to receive occasional emails please sign up. If you would like to be a blogger here please send your resume.
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Enter the characters shown in the image.