Foreclosuregate in 30 Seconds

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“Foreclosuregate,” as it’s been dubbed, is a complex mess of a problem. You’ve got “robo signers,” the mortgage servicing employees who scrawled their signatures on hundreds of thousands of crucial legal filings without knowing what they said (violating federal rules), and “foreclosure mills,” the full-steam-ahead law firms that cut corners and allegedly broke the law in foreclosing on homeowners quick and dirty (and are now facing multiple investigations). There’s trusts and mortgage-backed securities and securitization itself. The list goes on and on.

But if you’re looking for a quick, 30-second take on why Foreclosuregate matters, want to know what’s at stake with this deception of the legal process and the questions surrounding millions of foreclosures nationwide, watch the clip below. It features Damon Silvers, policy director at the AFL-CIO and member of the Congressional Oversight Panel, a bailout watchdog, giving as succinct a take on the foreclosure mess as I’ve heard.

(H/T Karl Denninger)

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SIX TRUTHS

Reclaiming power from those who abuse it often starts with telling the truth. And in "This Is How Authoritarians Get Defeated," MoJo's Monika Bauerlein unpacks six truths to remember during the homestretch of an election where democracy, truth, and decency are on the line.

Truth #1: The chaos is the point.

Truth #2: Team Reality is bigger than it seems.

Truth #3: Facebook owns this.

Truth #4: When we go to work, we're in the fight.

Truth #5: It's about minority rule.

Truth #6: The only thing that can save us is…us.

Please take a moment to see how all these truths add up, because what happens in the weeks and months ahead will reverberate for at least a generation and we better be prepared.

And if you think journalism like Mother Jones'—that calls it like it is, that will never acquiesce to power, that looks where others don't—can help guide us through this historic, high-stakes moment, and you're able to right now, please help us reach our $350,000 goal by October 31 with a donation today. It's all hands on deck for democracy.

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