For a Bank, simply being fined with an order to pay money is ridiculous as a substitute for the required discipline. With a long history of severe discipline from multiple genciesx, Wells Fargo bank is a repeate offender as the current CFPB director has said. It has lost its right to do business in the American Marketplace. If not, the…[...]

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It sounds like a lot of money, and it is. But it is dwarfed by the sums of money generated by their false claims of debt securitization. This is the start of reporting on how Wall Street converted investor money to their own money and how they converted everyone else's money to theirs. Just remember, this is what Wall Street…[...]

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 Even if a consumer thinks they owe a debt, it is still up to the lawyer who initiates the collection or foreclosure action to prove that they have a client that owns the debt, has the right to file suit, and has enough documentation to prove a debt is owed. They may not be able to successfully produce all required…[...]

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It is not a business record unless it is a record of the business conducted by the company that is the source of the report. (No exceptions).  If it is not a business record then it is hearsay. Hearsay is not admissible evidence.  Stop thinking about whether you owe the money and start thinking about whether you can stop the…[...]

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under Federal and State law, it is up to the Lender to tell the truth, i.e., that it is the lender and that it is creating a loan account that can be reviewed by the borrower. BUT the choice of the terms "lender" and "borrower" is a representation that has been almost universally untrue. Without the truth of the matters…[...]

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Many people and even judges have dismissed my work summarily as the ravings of a merry band of conspiracy theorists. None more so than my "claim" that the banks are hiding somewhere around $10 trillion parked offshore in a variety of sophisticated investments --- like the Goldman Sachs purchase of a facility that stores precious metals. Within that facility, exchanges…[...]

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From what I have deduced from the information that has been reported, together with private conversations with attorneys from the Darkside, it appears that the structure or infrastructure that produces legal services for the origination and foreclosure of transactions with homeowners is as complex and ornate as anything else in the securitization infrastructure. * The foreclosure mill appears to be…[...]

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One of the stupid issues is that we know there is a mental health epidemic fueled by loneliness, terror and anger. Yet somehow, the media seems surprised or even outraged that our politics consists mostly of yelling at each other as if that ever changed anyone's mind or it ever produced anything of value. We know such behavior, hate rituals,…[...]

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The NY legislature is reponding to the decision  referenced below with a proposed "new law" that returns us to where we always were on the statute of limitations. If you can't bring a foreclosure action within 6 years, forget it. see "Bill would protect homeowners from endless foreclosure cases" --- https://www.nydailynews.com/opinion/ny-edit-mortgage-lenders-banks-legislation-nys-senate-assembly-hochul-bill-20221213-bx5jxakd65cmjpmo5l5v74b5x4-story.html Under the rubric of "the homeowner MUST owe the…[...]

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If you go into any bank looking to initiate a transaction with them, there is not a single exception that you will find anywhere with respect to general customs and practices in the banking industry – including investment banking. They will first want you to identify yourself with specificity so that your identification could be corroborated through third parties –…[...]

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