Monday, September 28, 2009

Ebert And More On Mortgages

The following snippet comes from Roger Ebert re Michael Moore quoted in Cannonfire: "...Whether or not you agree with Michael Moore, he has one piece of invaluable advice in his new film, 'Capitalism: A Love Story.' If a bank forecloses on your home, ask them to prove their ownership by producing a copy of the mortgage.

In the film, Marcy Kaptur, the Congresswoman from Toledo, says, “Don't leave your house if they try to throw you out.” Why not? 'In many cases, they can't,' Moore explains, 'because it's already been cut up, chopped up and bundled and rebundled and a piece of this mortgage is sitting in China...'"

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