The MERS controversy is at the core of the foreclosure mess and it's getting nearly zero coverage. Why? Because it's very complicated and can't be explained in two or three minute news bites. There are two articles on John Mauldin's blog that everyone should not just read but STUDY. The url's are included below. I hope I'm not violating AR rules by posting the urls - I'm not posting the actual content here, just the references to the material which, in my opinion should be required reading in its entirety.
The first is:
And the second is: