stopthefraud2010.com -- Time to take the fight to the 'too big to exist' banking fraud industrySubmitted by Bezerker on Tue, 02/22/2011 - 08:57
77 million mortgages in this country don't have proper chain of title in this country. Without the Promissory note intact with the title Banks are not the holder in due course and therefore can't foreclose. The banks actually loan you nothing ! HJR-192 was passed June 3,1933 and put us on a Promissory note standard making the payment of debt illegal in this country. Once your blue ink signature hits the paper of the Promissory note it is monetized and the bank gets paid in full through the UnFederal Reserve. They then have you sign a completely different contract called a mortgage and lend you the money your signature created. In the old days they would collect 350,000 on a 100,000 note you monetized over 30 years. After the bipartison effort to destroy the Glass Steagal Act was successful in 1999 they were now able to sell Mortgage backed securities. Now they sold your 100,000 dollar note that week for 150,000. The 150,000 comes back as an asset to the bank. Through fractional reserve banking they times the 150,000 by 9 and can now lend out 1.35 million. They then take the 1.35 million and sell it to Wall St. for 2 million. Times that by nine and they can now give out 18 million in mortgages. Wash repeat, wash repeat, wash repeat ect. until you have a 1.5 Quadrillion dollar derivitive bubble. This feces is in every public pension and most retirement portfolios in our country. They leveled us !!!!! They killed Real Estate and the countries investments. This is why there were no lending standards because they sold the feces immediately and knew they wouldn't be holding the bag. Go to your county recorder and get certified copies of all records related to your property. If it has MERS anywhere there is no chain of title to your property. All mortgages are fraudulent ---- former owners will have recourse to sue for fraudulent foreclosures. Spread this far and wide !!!! The whole industry could completely collapse. Due to the Recent ruling by Supreme court, MERS is not the title holder (not real party of interest) of any property and never was. These to big to exist banks destroyed our country ! Time to put them out of there misery !