John Stewart Explains and Lampoons MERS, the "Mortgage Electronic Registration System"

I love Jon Stewart (@thedailyshow) for his ability and willingness to explain and lampoon MERS.  

As a foreclosure defense attorney, I have to spend a lot of time explaining to clients, opposing counsel, and courts things like the Uniform Commercial Code, residential mortgage-backed securities, pooling and servicing agreements, and, yes, MERS. I really admire Jon Stewart's ability to cut to the heart of a really (and purposefully) complicated and opaque system for privatizing the responsibility for recording the ownership of mortgages across America and the damage that privatization has done to countless homeowners.