by Danny Hammond
This is the stupidest news story of all time. The Department of Justice can't find a bunch of original Promissory Notes.
We have known that for six years. In that time we have never seen even one truly legal original Promissory Note.
But it sure does help me make my point.
(In hindsight many of those I visit with have learned that the ownership is of the debt the Note represents)
The information comes from case files unsealed on June 3, 2016, by Federal Judge Yvonne Gonzalez Rogers of the Northern District of California in the case of the United States v. Discovery Sales, Inc.
The case involves some 325 fraudulent loans originated by Discovery Sales, Inc. (DSI) between 2006 and 2008, many of which were then sold to Wells Fargo Bank and JPMorgan Chase to securitize.
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