This Is Where Many of The Notes Are – – Read Bloomberg Article After My Comments Below Fed Gave Trillions In Loans
As I have been saying for over a decade, notes are not lost and can’t be lost. Virtually impossible with stringent document custody procedures. The motive for robo-signing, endorsements in blank, wet-ink original notes not getting to trusts, and missing chains as well as the refusal of banks to show their GL entries for any particular note is that often the original wet-ink notes are actually “held” by other banks, the Fed or a Federal Home Loan Bank as collateral for servicing advances and other loans via discount window.
See http://www.frbdiscountwindow.
Loans
Reserve Banks accept a wide range of assets as collateral. General acceptance criteria for loan portfolios can be found below. Following the general acceptance criteria there is a detailed list of eligible asset types along with pledging instructions and valuation information.
Acceptance Criteria for Individual Loans
(1) The pledging institution must have rights in the loans that are sufficient to grant an enforceable security interest to the Reserve Bank. The Reserve Bank must be able to obtain a perfected, first priority security interest in the loans, free of the adverse claims of third parties, including the claims of an insolvency official or an affiliate of the pledging institution.
6-27-2011
http://www.frbdiscountwindow.
http://www.frbdiscountwindow.
Nye
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Secret Fed Loans Gave Banks Undisclosed $13B
The Federal Reserve and the big banks fought for more than two years to keep details of the largest bailout in U.S. history a secret. Now, the rest of the world can see what it was missing.
The Fed didn’t tell anyone which banks were in trouble so deep they required a combined $1.2 trillion on Dec. 5, 2008, their single neediest day. Bankers didn’t mention that they took tens of billions of dollars in emergency loans at the same time they were assuring investors their firms were healthy. And no one calculated until now that banks reaped an estimated $13 billion of income by taking advantage of the Fed’s below-market rates, Bloomberg Markets magazine reports in its January issue.
Saved by the bailout, bankers lobbied against government regulations, a job made easier by the Fed, which never disclosed the details of the rescue to lawmakers even as Congress doled out more money and debated new rules aimed at preventing the next collapse.
A fresh narrative of the financial crisis of 2007 to 2009 emerges from 29,000 pages of Fed documents obtained under the Freedom of Information Act and central bank records of more than 21,000 transactions. While Fed officials say that almost all of the loans were repaid and there have been no losses, details suggest taxpayers paid a price beyond dollars as the secret funding helped preserve a broken status quo and enabled the biggest banks to grow even bigger.
The rest of the report covers…
‘Change Their Votes’
‘Motivate Others’
‘Core Function’
Big Six
Bank Supervision
‘Need Transparency’
Disclose Lending
Protecting TARP
No Clue
Moral Hazard
Getting Bigger
‘Wanted to Pretend’
And much much more that can be read here…
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I finally went to the recorders office and got my records. You will never believe what I found! I found a document “AFFIDAVIT OF TITLE AND BILL OF SALE” signed in blue ink along with not one but two “satisfactions of morgages” One from Wells Fargo and one from Countrywide. I’m really scared because BOA is breathing down my back. Iam also sure of origination and securitization fraud. What do I do with these doc’s. Could the blue ink affidavit and bill of sale be real. We fefinanced acouple of times but not for as much money that they say we owe. BOA is threatening me foreclosure nearly every day with thier collection calls and today a stranger came to my house and I didn’t open the door because my husband was at work. I think I need to get a pit and a gun. Help………….
Allison, if they haven’t filed a foreclosure suit yet, I heard sue first and ask questions later. Have you looked into a quiet title suit? Have you sent them a QWR? Go to living lies website the link is at the right under 4CLOSUREFRAUD LINKS..Mortgage Servicing Fraud is a good link for info too.
What I fail to understand, is that after YEARS of these many unveiling, informative, and truthful posts, why in God’s name has nothing been done about it?
Bill McCauliffe, It is too much corruption and there are too many traitors running this country..We have been hijacked by the NWO…We have a President and a CONgress who are bought by Wall Street.. Obama lied in front of the whole world when he stated publicly that what these crooks did was not neccessarily criminal just reckless…The DOJ, the U.S. States Attorney, the FBI, none of them have brought a criminal prosecution to date of any of these Banksters or Wall Street fat cats..Now I hear the statute of limitations on the statute of frauds will soon run out and they will not be able to prosecute these criminals…It boggles the mind that fascism is happening in front of our faces yet most Americans fail to see it..The NWO is stealing America and continuing to extract our wealth and they are stealing our homes none of which they have any legal right to take..they are bankrupting the people and stealing America with the tools of deception, lies, fraud and forgery…All under the guise of debt, which is not only their debt, not ours, but it is $600 TRILLION in mortgage derviatives fraud that they owe and that debt can never be repaid..their debt is unsustainable..and they are also using color of law…they are doing this under the guise of phony, fraudulently induced contracts that they got paid on when they sold the fraudulent inducements to Wall Street investors to gamble on every aspect of…they all got filthy stinking rich by multiple pledging notes to investors hundreds of times per property…..what these dirty bastards really want is global communism…a nation of renters and Wall Street debtor slaves. America must revolt because once that happens..we will no longer be a sovereign nation…We will be fully owned and operated by the NWO via the Federal Govt…
I forgot to add their other tool that they are using to steal our wealth is property tax fraud…utility bill fraud and sneaky class warfare ala Neiszche…Sneaky, just the same way they flattened the German people to weaken financially, mentally, emotionally and spiritually…We cannot except any of their so-called” fixes” for their fraud or the next manufactured crisis because…that is when they will burn the U.S. CONSTITUTION and THE BILL OF RIGHTS and all of the laws that were put in place to protect us from them and that is when they will usher in Communism and then a bit later, the paperless currency and the microchip and Totalitaranism…
God help us now…
Please Watch! Its an older video, but its a good one. Ron Paul Revolution 2012!
What you are really looking for is the Borrower in Custody program.
http://www.newyorkfed.org/banking/collateral_pledging_forms.html
My theory , this is where the notes have been the entire time. They are paying zero percent interest out of the discount window.
The smoking gun is this. Collateral pledged via this program is supposed to be recorded on a UCC 3 in favor of the FED and recorded in the appropriate state.
Here’s the kicker, State’s have this information on the internet and I have not found a single piece of property in favor of the FED. In fact, I have not found the Federal Reserve in any UCC statements whatsoever.
That can only mean one of 2 things.
Either this program has NEVER been used or fraud.
Take your pick.
Form for residential mortgages
http://www.newyorkfed.org/banking/dwindow/1to4fmortage.pdf
from the form… take note each Federal reserve district has their own form but they are substantially identical.
“It is normal policy of the Federal Reserve Bank of New York to file UCC”
Loan Documentation Requirements
ORIGINAL NOTE. The mortgage loan documentation should include a signed, original note, and any amendments or
modifications thereto,…etc…
ORIGINAL MORTGAGE. The mortgage loan documentation must include a signed, original and properly recorded
mortgage, and any amendments or modifications thereto….etc….
ORIGINAL TITLE INSURANCE, ABSTRACT OF TITLE, OR ATTORNEY CERTIFICATE….etcc…
EVIDENCE OF APPRAISAL
HOME INSURANCE COVERAGE.
PROPERTY TAX.
PRIVATE MORTGAGE INSURANCE COVERAGE.
Power of Attorney and Endorsements
The Federal Reserve Bank of New York prefers that an institution deliver to it a notarized Power of Attorney appointing the
Federal Reserve Bank of New York attorney-in-fact to sell and assign any pledged collateral. In some cases, the Federal
Reserve Bank may accept an endorsement of pledged notes instead of the Power of Attorney…..
MANY OF THESE FORMS WHERE UPDATED AFTER 2008 LIKE THIS
Moving Collateral Documents
An institution may not move any promissory notes, loan agreements or other supporting
documentation (together, the “Collateral Documents”) relating to the pledged mortgage loans without
prior written notification to, and approval from, the Federal Reserve Bank of New York.
MANY OF THESE FORMS WHERE UPDATED AFTER 2008 THIS SECTION AND THE PREVIOUS WERE NOT ON PREVIOUS FORMS SO WHY WAS IT INSERTED????
Collateral Identification
The Collateral Documents relating to the pledged mortgage loans should be segregated from other documents and clearly
identified as being pledged to the Federal Reserve Bank of New York so that a potential purchaser of such assets would be
aware of the pledge and so that the institution does not transfer or re-pledge such assets.
financing statements with respect to pledged collateral.”
The NYT just tweeted that Citi’s $285 Million MBS settlement was rejected by a Judge. Bloomberg adds :
“U.S. District Judge Jed Rakoff rejected the settlement in an opinion released today. The judge has criticized the agreement for permitting New York-based Citigroup to settle without admitting or denying liability in the matter.”
http://www.bloomberg.com/news/2011-11-28/citigroup-mortgage-securities-settlement-with-sec-rejected-by-u-s-judge.html
And the Judge didn’t even know of the Bloomberg story at the time…
Jim, I believe that was $16 Trillion…not $16 Billion.
As far as notes: They are lost/destroyed. When a note is converted to a stock, and sold off (securitized) they can never be reverted back to its original note. This violates accounting and tax rules.
Those notes are the bills of the bailed out pretender lenders who caused the manufactured collapse….not the American people. Wall Street and the GSE’s over spent their credit limit by hundreds of trillions and We The People are not paying for their fraud…The FED can tell the pretender lenders to go withdraw the money they owe the FED out of their overseas bankster accounts or the FED can simply just shove those notes up their asses…I took out one mortgage, not hundreds..and their debt is unsustainable because of the hundreds of investors they sold interests in the money flow from these fraudulently induced loans with no collateral backing up those claims.. The day they sold my fraudulently induced loan to Wall Street they not only got paid but they destroyed any legal right to take my home. How many times can you cash a check/note? ONLY ONCE.
Many of these alleged loans were straight transfers to the Rothschild’s banks [2] in Ireland, [2] in Asia and several to German Banks [where the Rothschilds [they are really Bauers] started this “fractional lending” scheme….
This partial audit shows that these money creations were debited against the American people, of which the people nor Congress had any knowledge of ……….Were are the law enforcement officials? Oh that’s right; Holder is in the Caribbean creating new measures on how to catch crooks!!! lol ~ Doesn’t have to go pass the Oval Office to start his law enforcement campaign ~~ What a Joke he is?
It was not until Ron Paul, Bernie Sanders and Dennis Kucinich enlisted enough congressional support do implement a “partial auditing” of the Fed Res that they found the Fed Res had illegally [without congressional approval[ created and loaned over $16 Billion to the Rothschild controlled banks of Europe and Asia ~~
This is not being seen on the 7:00 news ~ It is interesting that this amount is assimilar to the almost $16 Billion in the alleged US National Debt so one with only minor knowledge of the Fed Reserve’s fraud might tend to make the mistake that this is the same money, but it is totally different…..The Fed Res must be abolished NOW
Not only was this fraud committed in the names of the U.S. taxpayers but then there is the $600 TRILLION in massive collateral mortgage fraud they sold to ? backed by a big fat ZERO….
Right on Jim…There is a great rant by Dylan Ratigan where he states they are extracting all of the wealth out of this country..You can find it at this link…just scroll down to the video..
http://www.goldmansachs666.com/