Has A MERShole Opened Up?

Ellen Brown penned an article over at HuffPo that sounds much more definitive than it really is, yet outlines a potential major problem for the secutized loan industry: In Landmark National Bank v. Kesler, 2009 Kan. LEXIS 834, the Kansas Supreme Court held that a nominee company called MERS has no right or standing to bring an action for foreclosure. Well, kinda. The entire decision is found here and isn't quite as represented in that article. Nonetheless, it is significant.