Using Bank Deposits (depositors checking & savings accounts insured by taxpayers) JPMorgan Chase Lost $3.2 Billion Trading Stocks and Credit Derivatives in First Quarter: NEWS ON 07-13-2020 I HAVE BEEN TALKING ABOUT; WRITING ABOUT; MAKING VIDEOS ABOUT; THE FACT THERE ARE NO BANKING REGULATIONS IN THE US.... NOT SINCE 1999

THE SAME BANK HAS BEEN INVOLVED IN MILLIONS OF FRAUDULENT FORECLOSURES USING NON-EXISTENT PROMISSORY NOTES THEY CLAIM THEY INHERITED FROM WASHINGTON MUTUAL:  THE FDIC SAYS HUH-UH.

No man has a right to expect to succeed in life unless he understands his business,

and nobody can understand his business thoroughly unless he learns it by

personal application and experience.                                          

                                                                                                                                                

P. T. Barnum

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by Danny Hammond

I don't think that hardly any American citizens are aware that the Democrat president Bill Clinton and a Republican Congress repealed a 66-year-old banking and finance act known as the Glass Steagall Banking Act of 1933.  This Act put together all of the research of the 1929 Wall Street Meltdown that sparked the great depression and wrote an act to prohibit ever happening again.  The Act did its job.  For 66 years there was no such event in the US.  The Act was repealed in full as an act of Deregulation of the banking and finance industry.  The president and the congress that repealed all relevant regulation of banking in 1999 put nothing back in its place.  Seven short years later Wall Street imploded triggering the Wall Street Meltdown of 2007-2008-2009 through today.  Frank Dodd was supposed to replace it, but both sides of congress had gutted it into a meaningless corpse by the time it was enacted.

There has been no meaningful regulation of finance since 1999, over twenty years.  If there are no regulations there is no need for regulators.  The only meaningful regulation coming out of Frank-Dodd was provided by the Consumer Finance Protection Bureau.  Donald Trump sent his evil little henchman Mick Mulvaney to render it useless in 2017.  It took him 3 days to send 100 million dollars in collected fines back to the banks that paid had voluntarily paid them.

Mick Mulvaney
Acting Director of the Consumer Financial Protection Bureau
In-office November 25, 2017 – December 11, 2018
President	Donald Trump
Deputy	Leandra English Brian Johnson (acting)

The CFPB has been around but has done nothing relevant since December of 2018.  If you have been wondering why the CFPB does not answer your pleadings for help, it is because there is no one there to read them.  This is what the word deregulation means in America in the 21st century.

The taxpayers propped up the "Too Big To Fail Banks" with 3 trillion dollars.  The revived banks have been on a relentless crime spree ever since.  Responsible for tens of millions of fraudulent foreclosures based on servicing lists and not Promissory Notes.

In the headline in the story below from Wall Street On Parade, the beginning of the headline says"Using Bank Deposits".  By this, they mean JPMorgan Chase used the money from the depositors checking and savings accounts to fund "risky investments".  Glass-Steagall does did not allow this.  However, there is no prohibition from doing this in NO regulation.  Nothing is prohibited.  This has not been fixed for twenty years.  Wake up depositors, JPMorgan Chase was using taxpayer insured (FDIC) checking and savings deposits to fund its risky investments.  These particular risky investments were in fact so risky they failed to the tune of 3.2 Billion bucks.  The taxpayers will just have to pay even more taxes to cover it.  Jamie Dimon is no better than a modern-day Al Capone.  CONTINUE READING

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RELATED ARTICLES: by Danny Hammond

From "The Pro Se Series" by Danny Hammond: DEREGULATION-THE PROBLEMS WITH OUR INABILITY TO STOP MORTGAGE FRAUD INVOLVES WRONGDOING BY MANY PEOPLE, BUT JUST FOUR WORDS DEFINE THIS PROBLEM CAUSING RUNAWAY FORECLOSURE FRAUD-

 

PART 1: WHY DEREGULATION IS ONE OF THE TWO GREAT CAUSES OF 20 MILLION AMERICAN FAMILY HOMES BEING WRONGFULLY FORECLOSED ON SINCE 1999 AND WHY 10 MILLION RETIREES MAY NOT BE GETTING THE PENSIONS THAT THEY WERE PROMISED

Part 2: WHY DEREGULATION IS ONE OF THE TWO GREAT CAUSES OF 20 MILLION AMERICAN FAMILY HOMES BEING WRONGFULLY FORECLOSED ON SINCE 1999 AND WHY 10 MILLION RETIREES MAY NOT BE GETTING THE PENSIONS THAT THEY WERE PROMISED

PART 3: WHY DEREGULATION IS ONE OF THE TWO GREAT CAUSES OF 20 MILLION AMERICAN FAMILY HOMES BEING WRONGFULLY FORECLOSED ON SINCE 1999 AND WHY 10 MILLION RETIREES MAY NOT BE GETTING THE PENSIONS THAT THEY WERE PROMISED

From "The Pro Se Series" by Danny Hammond: CREDIT BID & DISTRIBUTION OF THE HOME FORECLOSURE SALE PROCEEDS: I AM SURE THOSE TWO PHRASES ARE FAMILIAR TO ALL OF MY READERS. NOT?

CREDIT BID; DISTRIBUTION OF THE HOME SALE PROCEEDS: THE BIGGEST FRAUD IN FORECLOSURE FRAUD IS THE FRAUDULENT FORECLOSURE SALE!  WHY IS IT ONLY BOTHERING ME?

It ain't what you don't know that get's you into trouble, it's what you know for sure that just ain't so!"         -Mark Twain

by Danny Hammond of the 3/4 court press

 

Let's just go through some real quick statistics here.  In 1994 there were just 48 non-judicial foreclosures for the ENTIRE YEAR in Jackson County, Missouri (a large part of Kansas City, MO proper) It is probably about as average as a county can be.  It contains areas of urban, suburban, rural, and forest.  It is a good place for me to vet my own strategies.  But, every county, city, or town in America will most certainly have the same ratios of wrongful foreclosures which are easy to spot in every county recorder's office.

By 2001 there were 1,700.  By 2006 there were 7,200 Non-Judicial Foreclosures for Jackson County, Missouri. 

For the last four years, there has been an average of 300 Non-Judicial Foreclosures per month or an average of 3,600 Non-Judicial Foreclosures per year for the last eight years. 

That is 14,400 families displaced in one average county over four years and each and every one of these Non-Judicial Foreclosures was so fraudulent that it makes my eyes burn just to type this.

    
All of our country's courts are limited to having jurisdiction over disputes described as cases and controversies That means that two parties are arguing over their interests in the same subject matter.

 
In every foreclosure sale, I have ever read or heard about, the foreclosing party claims to have paid some amount of money for your home at a sale conducted by themselves and, in non-judicial foreclosure states, their personally substituted Trustee.  (26 states have these unconstitutional sales)   

Folks, It is a load of crap. They all are letting everyone believe it was a sure-fire honest deal. No, it wasn't. There is no way they had the legally obtained Promissory Note, or if it was Fannie Mae or JPMorgan or some other member of that ilk, there were probably two or three different versions of copies of your one and only Promissory Note filed into your court.

  
The judge can't help either party, but they do have to protect their own court.  The United States Constitution makes it the COURT's responsibility to see that the foreclosing party can prove it was even injured.  Injured means that they really LOST some money on your deal.

The courts are not doing this.  The judges not seeing this lack of Standing are either crooked, biased, or stupid.  Maybe all three.  But, it is their own hide that they should be protecting.

Do you want to visit to see if you think we can help?  Click this line

AS I LISTEN TO WHAT BORROWERS ARE TELLING ME AND AS I READ BORROWER'S POSTS IN FACEBOOK GROUPS, IT IS EASY TO SEE THAT BORROWERS ARE SMART, BUT THEY ARE THE VICTIMS OF FORECLOSING PARTIES 3 MAIN STRATEGIES

1. NEVER USE THE APPROPRIATE LAW TO ESTABLISH THE RIGHT TO COLLECT MONEY OR FORECLOSE (THEY WOULD BE COMMITTING AN ACT OF PERJURY)

2.  RELY ON THE JUDGE TO DO NOTHING TO PROTECT THE BORROWERS' CIVIL RIGHTS

3.  WEAR OUT THE BORROWERS UNTIL THEY HAVE NO STAMINA, MONEY, OR WILL TO FIGHT BACK AGAINST THE FORECLOSING PARTIES' STUPID, BRAZEN, AND UNBELIEVABLY  UNCONSTITUTIONAL STRATEGIES

"Never argue with stupid people. They will drag you down to their level and then beat you with experience."

                          Mark Twain                                                

                                                                by Danny Hammond

Servicers and other such ilk have been using the whole time such as deals made by telephone, deals made by letters that are not signed, threats contained in court motions, and letters from attorneys. They are just kicking dust in your eyes in order to follow the plan. The plan has always been to:

1. Wear you out

2. Make you spend all of your money defending what you never had the responsibility to defend

3. Take away your will to continue.

There have always been criminal organizations inserted by 3rd parties with no interest in your deals usually represented to be Servicers who are 3rd parties with no interest in your deals.

Real Live Racketeers like;

The SPS, Green Tree, Nationstar, Seterus, LPS, Bank of New York, Bank of New York Mellon, Deutsche Bank National Trust Company, Deutsche Bank Trust Company Americas, US Bank NA as Trustee, and dozens and dozens more have all gone around and around in the same patterns and with the same strategies since the "Big Bang" of 2006-2012.

Borrowers are walking into the same old traps that fraudulent foreclosing parties and they're fraudulent Servicers which are Imposters and Fictitious Payees (legal terms from the UCC).

The first big one was gigantic. It is Ocwen Loan Servicing with many derivatives of that name. They finally had so much trouble from the feds (who fined but did not indict anyone) that they kind of disappeared.

But, I believe that the main ownership of Ocwen and affiliated banks, lenders, servicers, and other such ilk are all related by agreement or ownership to Ocwen. The servicers have a habit of changing names and/or functions. If I'm right one of the very central players will be William Erby.

See my article about Ocwen and William Erby at this LINK:

OCWEN AND WILLIAM ERBY

The name I hear Borrowers naming as their foreclosing party currently is Select Portfolio Servicing or the dreaded SPS. They are not an owner of your debt and their claim of being contracted Servicers might be true if you think they are a debt collector.

But, they are a 3rd Party debt collector with no connection to the entity that does own your debt that is represented by a true Promissory Note.

MORTGAGE FRAUD-THE SACKING OF ROME IN 410 AD-THE GLASS STEAGALL ACT OF 1933 AND THE REASON FOR THE USE OF FIREWALLS

"When they call the roll in the Senate, the Senators do not know whether to answer 'Present' or 'Not guilty.”        Theodore Roosevelt

[Glass-Steagall Act of 1933] link

Reposted because I have always liked it and not enough people have read it.

by Danny Hammond

FIREWALLS:  This word is broadly defined. But, I think we can all agree that it is a device or strategy placed within a system to back up the day to day rules and regulations are attacked from outside or within the system and this attack bypasses the system to cause damage to that system.

I just read that and yes, it will work for the purpose of this article.

Although the date of the founding of Rome is steeped in legend and mystery, as well as some historical writings, it is generally considered to be April 21, 753 BC. Since it is a story of at least one thousand two hundred years and it has to do with brothers named Romulus and Remus and something about their mother being a She-Wolf,  for the duration of this article we will just use the above date. All agreed?  Yes.

My only reason for referencing Rome is that throughout all of its in-fighting, treachery, betrayal, greatness, open government, etc., Rome survived so long because there were always in place some "must always be so" rules.

KEEP READING  I PROMISE THIS ARTICLE IS ABOUT HOME LOAN FRAUD AND I'LL GET TO IT.  CLICK HERE

FREE DETAILED REVIEW OF YOUR FORECLOSURE CASE WITH STRATEGIES TO USE CLICK THIS LINE

Mortgage Fraud: From The Danny Hammond Pro Se Primer 101- You Need To Forget The Past! Yes, Your Government and Your Courts Have Screwed You Big Time. So What? That's Only What Happened Just Up To Now.

“It will be of little avail to the people, that the laws are made by men of their own choice if the laws be so voluminous that they cannot be read, or so incoherent that they cannot be understood;”
― Alexander Hamilton, The Federalist Papers

I started a Facebook Group.  People joined it and I don’t know what I am supposed to do
except to try and guide the members to the only solutions for Foreclosure Fraud I can find.
Use the power of the United States Constitution.

In my group forum, I noticed that most people aren’t trying to go forward and save their

homes.  They are mostly poking fingers at people and institutions that they think F****d

them over.  They are right.

They are right in everything they are saying.  But today foreclosure is not about law.  It is

about Outlaws.

This is a very serious and dangerous problem.  It is going to determine the future of the
United States. We have a civic duty to sue a judge.  Embrace it. Do not fear it.

You can’t just point fingers.  You have to figure out who is really responsible for hurting you
and deliver some hurt right back at them.
CONTINUE READING:

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& "FORECLOSURE FRAUD ZOOM CLASSES"

by Danny Hammond

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MORTGAGE FRAUD: THERE IS NO MAGIC BULLET, TRICKY ANGLE, NOR AN "AHA!" MOMENT. THE REMEDY WAS EMBEDDED IN THE CONSTITUTION BY THE BRILLIANT ANCIENTS

"The essence of Government is power; and power, lodged as it must be in human hands, will ever be liable to abuse." 

                        James Madison

by Danny Hammond

I just got an email from a reader who was asking me once again, to tell him the best way to prove that a foreclosing party was not a "party in interest".  I am working on turning in a federal lawsuit against a federal lawsuit next week.  I have answered this question a thousand times (gross exaggeration).  The answer is always the same.  A borrower never has the burden of proof.  It is the foreclosing party and the judge of the court that have that burden.  Borrowers don't try to find your Promissory Note, it is the foreclosing party that does not have that note.  Why would you help them?  Make the court run the case as was directed in Article III of the constitution. That answer can be found in multiple places in this blog.  But, I had a different answer to the problem.  Read it below.

Richard, I have been preaching the same thing for a year and a half.  The laws cannot vary from state to state. The vast majority of judges are not even aware of the laws that remove their immunity due to actions of their own.  

CONTINUE READING

Foreclosure Fraud: Mortgage Fraud Does Not Mean the Same Thing as Home Loan Fraud

"WHAT IF THE HANKY PANKY IS WHAT IT'S ALL ABOUT?"   

                                                                    A bumper sticker

A mortgage (the same thing as a Deed of Trust) is no more than the rule book for the agreement between the lender and the Borrrer of what happens if a Borrower can or cannot pay back his loan.   The presence of fraud isn't the burden of the Borrower to prove in court. That is the constitutional duty of the judge.  The judges are betraying their oath to protect the constitution and the "public perception of the nation's courts" on a massive scale.

by Danny Hammond
mtgfrd.info@gmail.com

MORTGAGE:  Defined as-- "mortgage [a conditional conveyance of property as security for the repayment of a loan]"  Proper term is "Security Instrument"

FRAUD:  Defined as-- an intentional misrepresentation of material existing fact made by one person to another with knowledge of its falsity and for the purpose of inducing the other person to act, and upon which the other person relies with resulting injury or damage.

Foreclosing Parties have to prove with concrete and particularized evidence that they are acting legally at the beginning of a case they begin because they are wanting to take something away from someone is who is in possession of the thing.  In other words, the Foreclosing Party must prove that they are, in fact, not committing fraud.  The Borrower is being made to "prove" fraud, by judges is a violation of the constitution, a very grave and wrongful act for a judge.  

CONTINUE READING