Harper’s Article on “Stopping Payment” on Homes and More

Worth Reading: Harpers look at movements to take on banks over MERS and stop payments on loans. It's hefty reading, so it may only be for the dedicated, but I'd take a gander.

Essentially between the MERS mess people can take on the banks, it's got a bit of a movement behind it. This is reminiscent of other movements dealing with financial law, and might just combine with similar movements (anti-tax, state sovereignty, local control, etc.). It also has potential to combine with Occupy Wall Street.

It also means that the anger with the housing mess has a chance to mutate into something else, and banks have to keep up  . . . which they're not to good at.

Steven Savage