Fixing the Mortgage Mess: The Game-changing Implications of Bain v. MERS
by Ellen Brown
Two landmark developments on August 16th give momentum to the growing interest of cities and counties in addressing the mortgage crisis using eminent domain:
(1) The Washington State Supreme Court held in Bain v. MERS, et al., that an electronic database called Mortgage Electronic Registration Systems (MERS) is not a “beneficiary” entitled to foreclose under a deed of trust; and
(2) San Bernardino County, California, passed a resolution to consider plans to use eminent domain to address the glut of underwater borrowers by purchasing and refinancing their loans.
PermalinkThe Missing Option to Defuse Iran Threat
By Nicola Nasser
To keep “all options on the table” in the U.S. – Israel plans to change the incumbent Syrian and Iranian regimes and neutralize what both countries perceive as an imminent “threat” is a formula missing the only feasible option to defuse their perceived threat peacefully, which is obviously much cheaper in money and human souls.
On August 19, Israeli former head of the Operations Directorate of the Israeli military, Maj. Gen. (res.) Uri Saguy, wrote in Haaretz that late Israeli Prime Minister Yitzhak “Rabin strove to achieve agreements with our neighbors before the Iranians got a bomb. If we had peace accords today with the Arab countries and with the Palestinians, what exactly would the Iranians' conflict with us be about?”
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