GlassSteagallfan
23rd August 2012, 11:26
JPMORGAN CHASE ADMISSION: SCHEDULE OF LOANS PURCHASED FROM WAMU DOES NOT EXIST; NO ASSIGNMENTS OF MORTGAGE, NO ALLONGES OR ANY EVIDENCE OF TRANSFERRING OWNERSHIP OF LOANS FROM WAMU TO CHASE
UPDATE: Friends, I just received this note from our friend and mortgage fraud expert Vermont Trotter regarding this story:
“The trusts are all empty. The master loan doc contractually allows for the hypothecation and re-hypothecation of the assets. Hypothecation is a legal term meaning to pledge, but not deliver an asset. To hypothecate means there is no true sale of the asset. To re-hypothecate means it can be pledged multiple times and, again, never have a true sale. No one owns anything.” – V. Trotter
http://www.youtube.com/watch?feature=player_embedded&v=y5G4ikMw3oI
http://www.youtube.com/watch?feature=player_embedded&v=y5G4ikMw3oI
From: http://whatreallyhappened.com/
Aug 22, 2012 (12:35)
UPDATE: Friends, I just received this note from our friend and mortgage fraud expert Vermont Trotter regarding this story:
“The trusts are all empty. The master loan doc contractually allows for the hypothecation and re-hypothecation of the assets. Hypothecation is a legal term meaning to pledge, but not deliver an asset. To hypothecate means there is no true sale of the asset. To re-hypothecate means it can be pledged multiple times and, again, never have a true sale. No one owns anything.” – V. Trotter
http://www.youtube.com/watch?feature=player_embedded&v=y5G4ikMw3oI
http://www.youtube.com/watch?feature=player_embedded&v=y5G4ikMw3oI
From: http://whatreallyhappened.com/
Aug 22, 2012 (12:35)