April 18, 2016
After 2008, everyone hated Fannie and Freddie, and for good reason. These quasi-private companies are essentially giant piles of money that were intended to advance a simple, utility-like mandate to keep credit flowing in the housing markets.
In the pre-crash years, however, the firms’ leaders acted less like the stewards of utilities and more like sleazy Wall Street hotshots. They made hyper-aggressive business decisions because their bonuses were tied to earnings growth. Some executives even engaged in Enronesque accounting manipulations in an effort to jack up their bonuses even further. These efforts led to record civil fines.
Contrary to popular belief, the one thing they weren’t guilty of was causing the 2008 crash. As the Financial Crisis Inquiry Commission later concluded, the GSEs were followers rather than leaders of the subprime craze. They invested far less recklessly than did the giant Wall Street firms primarily responsible for inflating the housing bubble.
In fact, it’s a little-known subplot of the financial crisis that bailout-era Fannie and Freddie was turned into a kind of garbage facility for other Wall Street institutions, buying up toxic mortgages that private banks were suddenly desperate to unload.
As early as March of 2008, then Treasury Secretary Hank Paulson was advocating using Fannie and Freddie to “buy more mortgage-backed securities from overburdened banks.”
And at the heat of the crisis, none other than former House Financial Services Committee chief and current Hillary Clinton booster Barney Frank praised the idea of using Fannie and Freddie to ease economic problems. “I’m not worried about Fannie and Freddie’s health,” he said. “I’m worried that they won’t do enough to help out the economy.”
Even after the state took over the companies in September of 2008, Fannie and Freddie continued to buy as much as $40 billion in bad assets per month from the private sector. Fannie and Freddie weren’t just bailed out, they were themselves a bailout, used to sponge up the sins of private firms.
The original takeover mechanism was a $110 billion bailout, followed by a move to place Fannie and Freddie in conservatorship. In exchange, the state received an 80 percent stake and the promise of a future dividend. All told, the government ended up pumping about $187 billion into the companies.
But now here’s the strange part. Within a few years after the crash, the housing markets improved significantly, to the point where Fannie and Freddie started to make money again. Lots of money. The GSEs became cash cows again, and in 2012 the government unilaterally changed the terms of the bailout.
Now, instead of taking a 10 percent dividend, the government decided that the new number it preferred was 100 percent. The GSE regulator, the Federal Housing Finance Agency (FHFA), explained the new arrangement.
“The 10 percent fixed-rate dividend was replaced with a variable structure, essentially directing all net income to the Treasury,” the FHFA wrote. “Replacing the current fixed dividend in the agreements with a variable dividend based on net worth helps ensure stability [and] fully captures financial benefits for taxpayers.”
Filed under: foreclosure |
Implode Fannie Mae and you Implode the whole RICO scheme.
How do we apply this in our complaints? In this instance, the transaction was funded by using the prospective property (collateral) and the signer’s promissory note as if the property and the Note already belonged to the bank/broker/lender.
The doctrine of ultra vires is most powerful to keep private corporations withing their legitimate spears and punish them for violations of their corporate charters, probable not invoked to often
So, if the bank used the promissory NOTE, as money, to create the cash reserve which was then used to validate the bank check issued on the face amount of the promissory NOTE, at no cost to the bank, without NOTICE to the signer of the promissory NOTE, and without fully disclosing these facts and aspects of the transaction, the bank committed a DECEPTIVE PRACTICE, FRAUD.”
FRAUD IN THE MORTGAGE NOTE https://youtu.be/T0HEJYBcs9Y atexascash3502
http://stopforeclosurefraud.com/2010/07/15/screw-the-note-show-me-the-loan/
§ 9-203. ATTACHMENT AND ENFORCEABILITY OF SECURITY INTEREST; PROCEEDS; SUPPORTING OBLIGATIONS; FORMAL REQUISITES.
https://www.law.cornell.edu/ucc/9/9-203
(a) [Attachment.]
A security interest attaches to collateral when it becomes enforceable against the debtor with respect to the collateral, unless an agreement expressly postpones the time of attachment.
(b) [Enforceability.]
Attachment: Your Security Interest Isn’t ‘Perfect’ Without It
http://www.monitordaily.com/article-posts/attachment-security-interest-isnt-perfect-without/
It is sometimes surprising how little attention is given to the concept of “attachment” set forth in the Uniform Commercial Code (UCC), especially in the context of the role it plays as a necessary element of achieving a perfected security interest
Prevent Foreclosures – Deeds of Trust do NOT convey a right to
https://youtu.be/0nWanCpLIG4 tex mason explains well. Published on May 27, 2014
The Mortgage Deed in itself does not attach to, nor does it create an enforceable right for the BANK (and their Attorney) to enforce an action (foreclosure) against your property. This is according to the Uniform Commercial Code (UCC) article 9-203(b).
Why is this an important find?
Before an Attorney can initiate an action to foreclose, the LAW requires that he produce a statute or a contract from which he derives his authority to take such action. Without such authority written in a Law or a Contract, the Bank (or Attorney) has no legal authority to take such action.
Typically, during the initiating of a foreclosure proceeding, the attorney will file a copy of the Mortgage Deed into the court docket. You may not understand what he is doing. He is essentially trying to create the presumption in the court, that the Security Deed conveys or grants the Bank the right to attach to and foreclose against your property.
It is important that you research UCC article 9-210 so you can understand how to apply it in court, in such a way to disprove and diffuse the presumption made by the Attorney.
You may be wondering how is all of this allowed to happen if the Mortgage Deed doesn’t authorize such a right. Well ignorance of the law is no excuse. The Attorney is banking on the fact that you are ignorant to the law, and that you will not challenge his authority in the matter.
Now that you know the law, you actually may have a valid counter-claim for “Fraud on the Court”
The attorney knows that the Mortgage Deed doesn’t convey a right to foreclose, but he introduced the document to intentional mislead the court and/or to make a false representation.
This is not legal advice and I do not practice law. For more lectures like this and other information visit http://www.thctrust.org
Reblogged this on California Freelance Paralegal.
The English Central Bankers learned, early on, they should manipulate their intended victims from a place of concealment.
As “puppet masters”.
James Comey was on the executive board of a Chinese-English hybrid-bank, “HSBC”, aka “Hong Kong-Shanghai Banking Corporation” while that bank was using American Mortgages to launder terror and drug cartel money!!!!
If you’re having a sandwich, call on James Comey;
When it comes to the Clintons: He’s full of baloney.
He’s not fixed for a hero
More : submarine sandwich
And there’s evidence now he can’t provide for a manwich.
But his chicken is good
And while his feathers are yellow,
The Clintons have plucked him; he’s now boneless and mellow.
He once was a slaw man but he’s now into a pickle
While his digestion has turned and his appetite fickle.
The United States is presently, under attack and that attack is being conducted from within our financial center. The attack comes, in the nature of a “Palace Coup”.
The criminal, banking cartel attempting to use our own financial well-being as a weapon, directed against US, is doing so, in service to a Criminal Erosion of our Property Rights (fraudulent “REMIC Trusts” concealing fraudclosures of American Homes), the value of our currency (1200 Trillion owed to inter-bank, criminal behaviors, ie: laundering terror and drug money) and a coordinated effort, within Law Enforcement, to ignore and refuse to adhere to the “Rule of Law”.
Eric Holder’s DOJ and Loretta Lynch’s DOJ know Bank of America, Wells Fargo and “HSBC” banks are using American Mortgages to launder terror and drug money.
OUR OWN LAW ENFORCEMENT IS SELLING THE UNITED STATES DOWN THE RIVER SO A FOREIGN, CRIMINAL BANKING CARTEL CAN ROB US OF OUR PROPERTY RIGHTS!
THEY ARE DOING SO IN ORDER TO COLLAPSE THE FINANCIAL CENTER OF THE US!
THERE ARE CURRENTLY 1200 TRILLION FEDERAL RESERVE NOTES OWED TO THEIR INTER-BANK CRIMINAL BEHAVIORS!!!!
Every true patriot should ask themselves:
“How is it that the English managed to preserve their currency, while every other currency (the wholly-insolvent, now-“hyper-inflationary”, “federal Reserve Notes”, included) has been targeted for destruction”?
Yes, Ladies and Gentlemen, the criminal, English-based, Central Bankers have managed, yet again, to preserve their currency of choice, “The English Pound”.
President Obama, the Judas Goat…
Uncle Tom at the tiller of the Big Banker’s Boat.
Once colored a “donkey” for the DNC vote
Now sinking, with Warren,
Two turds that won’t float.
President Obama is currently holding Fannie and Freddie hostage in order to rob minorities of their ability to use F&F to purchase a home.
http://www.rollingstone.com/politics/news/why-is-the-obama-administration-trying-to-keep-11-000-documents-sealed-20160418
The President kidnapped F&F in 2008 and has been robbing the homes within the portfolios of “loans” within F&F and the investors to those portfolios of “loans”.
The criminal bankers, like Hank Paulsen, from Goldman Sachs, explained 10% of the funds generated by F&F would be taken until the financial system stabilized. The President allowed this scam to go forward.
The President did so in order to steal 100% of the profits owed from the “loans” within Fannie and Freddie so he could reward his masters, the criminal, English-Based, Central Banking Cartel, with those profits.
The President is trying to help his masters, the criminal bankers, to re-capitalize after they have destroyed themselves. (Google: “1200 Trillion and derivatives”, an impossible sum of money for any bank, or group of banks, to ever pay back).
The President’s actions in concealing the central bankers’ “Insolvency”, is a NATIONAL DISGRACE” and his … er … ehem … “Law Enforcement Officials” are simply fronting for a Criminal Cartel.
At the moment, Obama is “Lynching” the Nation.
He is now just a scaffold for Clinton Castration.
He reached within his chest of drawers
To pack the Bureau with Clinton whores.
The first of which, Loretta Lynch,
Is just another Clinton Donkey;
Grinding DNC organ,
For the Clinton Monkey.
And We The People must never forget the HSBC Banker:
Now FBI Director Comey:
A peerless Coward and Corruption’s Homey…
So, PBO thought to himself: “While that monkey’s on Clinton’s back,
“Let’s hire ourselves an FBI Hack”:
Loretta the Mule.
A sterile result for all to see, of Law Enforcement that sits to Pee.
The thoroughly-bred Mule,
Now on plantation,
That won’t raise a hand to save the Nation.
Lorretta Lynch and Eric Holder
Two crimes of inaction; each bolder-than-bolder.
Eric Holder, held US down while the banksters robbed homes in every town.
They used the “MERS” to murder our dreams,
And poison our children through criminal schemes.
While, not so much as a one, has gone to jail,
Through Holder’s NONSENSE… Of “Too Big To Fail”-
I VOTE HOLDER, THE FIRST ONE TO NAIL.
Barack Obama: no “American Lion”;
While not quite above, putting the “lie-on”,
For the crime that is Clinton; Democracy’s Canker
And the Treason to Britain, as a “Federal … Reservation… Banker”.
Now, not so much a riddle, while once there was Biddle;
A “Tubman” to “Jackson”, Obama’s inaction, smacks of coercion and political faction.
There’s nothing “Left” of Obama,
While he’s now “Right” in the middle…
A panned-cake, filled with BS of Bought-and-Sold,
A nutless brownie, now burned by the griddle.
Senator Sanders, We The People, Abe Lincoln’s Greenback Dollar.
Investigate and Jail the Clintons
Investigate and Jail the Bankers
Investigate and Jail the Media as a full-blown Foreign Propaganda
Investigate and Jail any politician that doesn’t go on the record to explain the intentionally mislabeled, “Federal Reserve” is a foreign, privately-owned and operated, front for an international criminal Cartel.
Impeach Loretta Lynch. She is another Clinton Apologist and an international disgrace to LAW ENFORCEMENT!
The Clintons and their fellow, corruption, aka, American Politicians, are also an international, Criminal Disgrace.
Bring charges against Eric Holder and Lanny Breuer for criminal negligence.
They and their law firm, Covington-Burling and The bankers and the corrupted political class have destroyed legal title to every home within the MERS- the “REMIC Trusts” are altogether, wholly-fraudulent.
(see: http://scholarship.law.wm.edu/cgi/viewcontent.cgi?article=3399&context=wmlr),
Read,the article, above, particularly p. 116, wherein, the author, Professor Christopher L. Peterson, formerly of S.J. Quinney Law School, now chief counsel of enforcement for the CFPB, explains the “MERS” as created as a “shell company” that is being used to “PRETEND” TO OWN SOME 70 MILLION RESIDENTIAL TITLES TO PEOPLE’S HOMES!)
“PRETEND TO OWN PEOPLE’S HOMES”!!!!
The two “shell companies” the bankers and corrupted politicians are using to rob the American Electorate are: 1) The Mortgage Electronic Registration System; the “MERS” … and 2) Residential Capital; “RESCAP”.
3rd parties (drug and terror cartels) are cleansing their criminal proceeds, using 30-day, monthly mortgage payments, on “loans” that have already been paid, in-full, up-front, at the beginning of the “loan”…
BEFORE THE FIRST PAYMENT WAS EVEN DUE!
THINK ABOUT IT: THE BANKERS STOLE OTHER PEOPLE’S MONEY (THE PENSION PLANS); THEN THEY PAID THE “LOANS”, IN-FULL; THEN THEY CLAIMED THOSE “LOANS” ENTERED LAWFUL ACCOUNTS (PROPERLY-RECORDED, IN REMIC TRUSTS); THEN, THEY STOLE THE PAPER CONTRACTS TO THOSE “LOANS” (THE LAWFUL TITLES); THEN, THEY USED THOSE TITLES TO CREATE BETS ON WALL STREET!
The Pension Plans of the Police, firemen, teachers and municipal workers were stolen by the banks and the government, to pay the “loans” off before a single penny was due from the defrauded homeowners.
Then the criminals created phony, hyper-fraudulent, “REMIC TRUSTs” with equally-phony, Pooling and Servicing Agreements “PSAs” to “PRETEND” to the SEC those “TRUSTS” are legitimate… They are not.
There are no assets (homeowner “loans”) in the “REMIC Trusts”! They are EMPTY!!!!
THE TITLES TO THESE HOMES ARE IRREVOCABLY CONTAMINATED AND NOW FRAUDULENT! (some 70 million American Homes).
Eric Holder, Lanny Breuer and Covington-Burling’s activities, through their creation of the “MERS” and the robbing of fees owed to lawful recording among 3142 American Counties, have cost communities, across America, Billions, lost to legal accounting of lawful residential titles, that should have been used for “representative government” and fresh water for children…
These criminal behaviors and criminal actors, are now responsible for the deaths of, at least, 11 children, in Flint, Michigan…
To say nothing of the death of “representative government”.
The Attorney’s General throughout all fifty states are also complicit in Criminal Negligence, through their inactivity, even as they refused to do their job in order to take a “pay-off” of 25 million dollars.
(http://www.housingwire.com/articles/schneiderman-banks-agree-25-million-mers-deal).
The English-based, central bankers, currently in residence to the intentionally-mislabeled “Federal Reserve (neither “Federal”, nor, possessing ANY “Reserves”)”, have hijacked Obama’s chapter 11 restructure of GM and they are using Fannie and Freddie to mask their “Insolvency”:
https://timhoward717.com/2016/04/12/truth-unleashed-governments-scheme-exposed-full-unsealeddocument-release-enclosed/
The Criminal, English-based, Central Bankers have destroyed themselves (Google: “1200 Trillion Dollars and Derivatives”) and they are attempting to install a new puppet: whether Trump or Clinton…
Clinton deregulated “Derivatives”; now there are 1200 Trillion (an impossible amount of money, 20 times the combined GDP, of every country on this planet), owed to these criminal “bets”. It is a deliberate attack (as those fedbucks are now worthless) against what the bankers would like the American Electorate to believe is, “American Currency”.
IT IS NOT “AMERICAN CURRENCY”. WE THE PEOPLE DON’T OWE IT…
THE CRIMINAL BANKS OWE IT!!!!
The good news is: Article 1, Section 8, of the Constitution, makes zero allowance for a privately-owned and operated, Criminal, Foreign, Cartel to manipulate American Currency.
Not only have they have concealed, for 100 years, they are an imposter, they are, just now, hijacking our electoral process to install a puppet; whether Clinton or Trump, in order to conceal 1200 Trillions owed to their multitude of criminal behaviors.
The Obama Administration is allowing it.
Repudiate and Jail the Bankers; renounce their phony “Fed” “Notes”.
Repudiate the phony Bankers’ debts; replace those with pro-rated Greenbacks.
Jail any politician or media representative that doesn’t, immediately, confess the intentionally-mislabeled “federal Reserve” is a FRAUD of epic proportions.
It is simply “TREASON” to allow any other procedure to go forward.
Every true Patriot should question why the Chinese Yuan is now a minority partner in the American financial system: the intentionally-mislabeled, “Federal Reserve, neither Federal, while privately-owned and operated”, nor, possessing ANY “Reserves- our currency is created, out-of-thin-air”!
WHY?
Why is the present FBI Director concealing the crimes of a Chinese-English-hybrid Bank????
Why is the DOJ of Holder and now, Lynch, concealing the crimes of a Chinese-English-hybrid Bank????
American soldiers died while American Politicians and American “Law Enforcement” were busy concealing a criminal laundry, robbing homes and pensions, in order to steal property rights, in order to launder terror and drug money.
Don’t believe me? You don’t need trust me.
Instead, read this analysis of the “Deferred Prosecution Agreement- DPA”, below, written by Federal Judge Gleeson:
Case 1:12-cr-00763-JG Document 23 Filed 07/01/13
Federal Judge Gleeson and now, Federal Judge Ann Donnelly are both aware, HSBC is in violation of the “Anti-Money Laundering Acts”, “The International, Emergency Economic Powers Act”, “The Bank Secrecy Act” and “The Trading with Enemies Act”.
In fact, as part of the sanctions imposed by Judge Gleeson, Wells Fargo and HSBC are now forbidden the “Servicing” of any new “loans”.
American Soldiers had their homes stripped in foreclosures, predicated upon, counterfeit titles, forgery and fraud, so American “Law Enforcement” and Corrupted American Politicians could curry favor with criminal banks owned by foreign cartels.
American soldiers died, at the hands of these cartels.
Every true Patriot should ponder why it is the English Pound has managed to survive, intact, while every other currency on the planet has been undermined, in service to British lies about a phony war in the Middle East.
In fact, the British used the American CIA, in “Operation Ajax (1953)”, to remove a democratically-elected president (Mossadeq), of the Iranian People. He was promising to eject the British and return the Iranian oilfields to the Iranian People.
The US then installed Shah Pahlavi, a degenerate murderer of the highest order; American Awareness of the “Islamic Revolution” was born.
Prior to British and American LIES, the Iranians were promising a “Bourse” to sell their oil to countries using any money, other than the US Dollar.
Enter the EURO.
The phony war in Iraq conspired to destroy the Euro and the victims it has consumed while continuing to consume Libya and Syria, in its aftermath, scream at the top of their lungs for retribution…
Hence a phony “War on Terror”.
The bright and shiny, “Brexit Bauble”, demands further scrutiny and it will never suffice, beyond a distraction, until the Criminal, English-based, Central Banking Filth are stripped of their ability to manipulate the well-being of America’s Finances, our service women and men and American Citizens… to say nothing of every Citizen of every Nation the present, Criminal Cartel destroys, while masquerading as the United States.
http://www.marketwatch.com/story/this-is-how-much-money-exists-in-the-entire-world-in-one-chart-2015-12-18
~ Michael Keane copyright 6/25 2016
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