Everyone has trouble believing what happened under the "securitization" scheme concocted on Wall Street. Bottom Line: It was "extralegal" which is why it is "counterintuitive." It is not legally possible to own a debt without paying value for it. It IS that simple. When confronted with a direct challenge Bill is right, they flee like cockroaches when the lights come…[...]

Continue Reading

Posted in Uncategorized |

It's true that most foreclosures are scams designed to obtain revenue instead of paying off a debt. But it is also true that there are many who pray upon the desperation of distressed homeowners who frankly are so emotionally overwrought that they are not thinking straight. So yes, anyone who guarantees you a result is neither an attorney nor anyone…[...]

Continue Reading

Posted in Uncategorized |

Here is the way to get my input/involvement. [Although it is helpful to follow this procedure lawyers need not submit a registration form for a CONSULT.] * First pick one property and then submit a registration statement. If you want to talk about more than one property, which is probably not necessary in our initial consult, then submit a separate…[...]

Continue Reading

Posted in Uncategorized |

Distressed mortgage securitizations are special purpose vehicles that issue securities primarily to institutional investors; invest the proceeds mainly in distressed mortgage loans; and apply the interest, principal, and sale proceeds they receive to pay interest and principal on the securities that they issue. Distressed mortgage securitizations allow hedge funds and other institutional investors to make a leveraged, tax-efficient investment in…[...]

Continue Reading

Posted in Uncategorized |

Interlocutory appeals are appeals during the litigation. They are successful if the points in dispute are clearly presented and the case is made that the ruling is likely to shorten the litigation time or prevent unfair burdens from falling on the movant. They should be used sparingly, at most. But in my opinion they should be aggressively pursued when a…[...]

Continue Reading

Posted in Uncategorized |

Now it's time to drill the investigation further --- faking loan accounts in which the debtor owes no money to WFB either directly as owner or servicer or indirectly through other conduits or companies. THIS JUST ONE EXAMPLE AMONG HUNDREDS WHERE THE MEGABANKS HAVE USED THEIR SHEER SIZE TO COMMIT ILLEGAL ACTS THAT WOULD PUT THE AVERAGE JOE IN JAIL.…[...]

Continue Reading

Posted in Wells Fargo |

Deutsche Bank National Trust Company is a sham conduit earning other Deutsche entities (real ones) $ millions in fees paid for the mere use of its name. Contrary to the definition of a limited purpose trust company, Deutsche performs no services, maintains no inventory, and owns nothing. Be careful to distinguish it from other Deutsche entities. I frankly never heard…[...]

Continue Reading

Posted in Uncategorized |

As a lonely voice in the wind I have been saying with only a few other analysts, that we never recovered from the 2008 recession and that the stock market indexes have been used to hide that fact. The Dow Jones Industrial Average is NOT an indication of our true economic status or growth. It went up 80% from early…[...]

Continue Reading

Posted in Uncategorized |

If you take anything that the said by the foreclosure mill seriously or even the named trustee of a supposedly REMIC trust, you are going down a rabbit hole. Here is my response in one such case. Step by step: Bank of America is successor to the underwriters of the certificates that were sold to investors. Bank of America may…[...]

Continue Reading

Posted in Uncategorized |

Thursdays LIVE! Click in to the WEST COAST Neil Garfield Show with Charles Marshall and Bill Paatalo Or call in at (347) 850-1260, 6pm Eastern Thursdays David Luban of Georgetown University Law Center wrote an interesting article re the structure of Contrived Ignorance --- involving complex business arrangements of all sorts --- where in step one the party acting shields itself from unwanted…[...]

Continue Reading

Posted in Uncategorized |