Derivative Definition 12 U.S.C. 84(B)(3). Fiction Becomes Fact.

Debts were never securitized but information about them was securitized, to wit: based upon the third place finish in a horse race you never went to and your bet that two of the horses would snort twice as they crossed the finish line you were paid money.

That doesn’t mean you own the horse, the finish line or the race track. It also doesn’t mean the race ever occurred. You still get paid if someone announces, in their sole discretion, the details of the fictitious race in a manner consistent with the terms of the written document setting forth the terms of your bet.

the devil is in the details.

(3)the term “derivative transaction” includes any transaction that is a contract, agreement, swap, warrant, note, or option that is based, in whole or in part, on the value of, any interest in, or any quantitative measure or the occurrence of any event relating to, one or more commodities, securities, currencies, interest or other rates, indices, or other assets.

12 U.S.C. § 84

*

Note that the definition is so broad that includes anything that is asserted to have some relationship with anything else. It is not tied to any debt, receivable or financial transaction. This is different from the definition everyone has in mind which is that a derivative is an instrument deriving its actual value from the ownership or receipt of funds arising from an obligation to pay money.

*

What’s the difference? Simple. The definition that everyone thinks they understand is not the definition under law.

The definition that everyone thinks is the case would have investors paying money in exchange for pieces of your debt. That never happens. 

The definition could also be argued to mean that it includes investors paying for certificates that require passing interest and principal payments through to the investors. A close look at the real documentation shows that this also is never the case. And any claim to the contrary has already been turned down in court actions between the investors and players in “securitization.”

CONCLUSION: Debts were never securitized but information about them was securitized, to wit: based upon the third place finish in a horse race you never went to and your bet that the horse would snort twice as it crossed the finish line you were paid money.

FREE REVIEW:

If you want to submit your registration form click on the following link and give us as much information as you can. CLICK HERE FOR REGISTRATION FORM. It is free, with no obligation and we keep all information private. The information you provide is not used for any purpose except for providing services you order or request from us.
In the meanwhile you can order any of the following:
*
*
CLICK HERE TO ORDER CONSULT (not necessary if you order PDR)
*
*
CLICK HERE TO ORDER PRELIMINARY DOCUMENT REVIEW (PDR PLUS or BASIC includes 30 minute recorded CONSULT)
*
FORECLOSURE DEFENSE IS NOT SIMPLE. THERE IS NO GUARANTEE OF A FAVORABLE RESULT.  IT IS NOT A SHORT PROCESS IF YOU PREVAIL. THE FORECLOSURE MILLS WILL DO EVERYTHING POSSIBLE TO WEAR YOU DOWN AND UNDERMINE YOUR CONFIDENCE. ALL EVIDENCE SHOWS THAT NO MEANINGFUL SETTLEMENT OCCURS UNTIL THE 11TH HOUR OF LITIGATION.
*
Please visit www.lendinglies.com for more information.

 

5 Responses

  1. I just copy/pasted the entire article vs pasting a link and FaceBook allowed it. Hmmmmm… I wonder if it’s Neil (or anything related to him) who’s been kicked off of FaceBook.

  2. @ John Reed ,

    Facebook is a political organization , they represent the deepstate (Facebook is just DARPA’s “lifelog” program renamed , a self reporting surveilance platform) , Facebook has given free adviews to deepstate candidates and just this week labeled hundreds of “QAnon” chat users …. labeled them as “inauthentic” ,,, https://cdn.qmap.pub/images/6af0a607dcc3adc910e3c82256a938e9be1389c15377281cc12ba90c7e9f551e.jpg

  3. Interestingly…. FaceBook will not let me repost this on there.

  4. This will all be known within a few years to be true, it’ll be a footnote in the history books… The world is changing , Trumps team has just made the last necessary strategic move that inevitably leads to “checkmate” in the General Flynn setup that goes right to the top of the previous administration, the swamp WILL be drained… he already has the FED answering to Treasury,, all the FED puppets starting with JPM (as a Rothchilds subsidiary) will fail or be disbanded and sold off.

    I think (as far as the “banking”/”investment” sector goes) this all gets cleaned up with an audit of the FED ending in the knowledge that they far exceeded their regulatory limitations and engaged in criminal (including releasing this bioweapon to take down the economy) activity… I predict a thorough housecleaning in the regulatory agencies and a repudiation of any claimed debt owed to the FED or their member banks.

    I wouldn’t expect it tomorrow but it’s coming.

  5. That is a good way to put it. “The “information” was securitized.”. But even that information was non-compliant as the prospectus revealed a structure that did meet rules and regulations. “Derivatives” were not existent even in the information. The structure contained a unique credit enhancement that allowed claimed “debt” to be put in a front door and out a back door — right from the starting gate. And, in the middle of the race, when asked to comply, those horses dropped out. And that is when the music died. .

Leave a Reply

%d bloggers like this: