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Inspired by the activism of the  people of Wisconsin to defend collective bargaining, and by the  judgment won by Patrick Rodgers against Wells Fargo, I begin to wonder if it's time to form "Mortgage Unions" as a way to protect the rights of the home-owner.

The idea is simple enough: Mortgage holders (whether in trouble or not) organize together, then elect representatives to speak to the lenders on behalf of their interests.  Should a lender fail to bargain in good faith, the union would hold a "mortgage strike".  During this strike, no one holding a mortgage to that lender pays their payments.  

It's one thing for a few individuals to stop paying their mortgages here and there; the banks can ride them out.  But what if a few thousand mortgagers stopped paying simultaneously?  As they say in the finance industry, "If you borrow $10,000, the bank owns you.  If you borrow $10,000,000, you own the bank."

The big lenders have been running roughshod over borrowers because they know they can.  No one person can stand for their rights against these institutions.  A union representative could speak with far more authority to stop fraudulent foreclosure actions and negotiate easements for homeowners who are in trouble.

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