ROL_2010-02-26_16k_Hr3-4.timecode

[00:00.000 --> 00:04.000]  This news brief brought to you by the International Newsnet.
[00:04.000 --> 00:08.000]  A damning report to be issued by the International Atomic Energy Agency
[00:08.000 --> 00:11.000]  says Tehran has processed a substantial quantity of uranium
[00:11.000 --> 00:14.000]  which could be used to trigger a nuclear explosion.
[00:14.000 --> 00:17.000]  The abrupt change in the IAEA's stance happened after
[00:17.000 --> 00:21.000]  Ukiah Amano took over as head of the agency in January.
[00:21.000 --> 00:24.000]  The IAEA's former chief, Mohammed al-Baradeh,
[00:24.000 --> 00:26.000]  defended Iran's nuclear program
[00:26.000 --> 00:30.000]  and was determined not to slide into a war against Iran.
[00:30.000 --> 00:33.000]  The Council of Canadians, a body of influential citizens,
[00:33.000 --> 00:36.000]  is backing organizations and individuals protesting
[00:36.000 --> 00:38.000]  the Vancouver Winter Olympics.
[00:38.000 --> 00:42.000]  Protesters' messages of stolen land is based on the fact that
[00:42.000 --> 00:45.000]  the province of British Columbia does not have title to the land.
[00:45.000 --> 00:49.000]  Meanwhile, indigenous communities are trying to stop pipelines,
[00:49.000 --> 00:52.000]  mining, dump sites and ski resort projects
[00:52.000 --> 00:54.000]  that are impacting their way of life.
[00:54.000 --> 00:57.000]  More than 75,000 computer systems have been hacked
[00:57.000 --> 01:00.000]  in one of the world's largest known cyber attacks.
[01:00.000 --> 01:02.000]  The attack, discovered last month,
[01:02.000 --> 01:05.000]  targeted proprietary corporate data, emails,
[01:05.000 --> 01:08.000]  credit card transactions and login credentials
[01:08.000 --> 01:11.000]  at companies in the health and technology industries
[01:11.000 --> 01:14.000]  in 196 countries.
[01:14.000 --> 01:18.000]  Top of the hour news brought to you by INN World Report.
[01:18.000 --> 01:22.000]  Uranium-rich Niger has been hit by a military coup.
[01:22.000 --> 01:25.000]  The so-called Superior Council for the Restoration of Democracy
[01:25.000 --> 01:29.000]  has suspended all institutions and called on the nation for calm
[01:29.000 --> 01:32.000]  and on the international community for support.
[01:32.000 --> 01:35.000]  President Mamadou Tanja and his ministers
[01:35.000 --> 01:37.000]  are being held in a military camp.
[01:37.000 --> 01:42.000]  Dana Pallard, a spokeswoman for the alleged CIA front World Vision, said,
[01:42.000 --> 01:45.000]  The people are calm, not what you'd expect in a capital city
[01:45.000 --> 01:47.000]  where you have a coup d'etat.
[01:47.000 --> 01:51.000]  President Tanja, who had been in office since 1999,
[01:51.000 --> 01:55.000]  had recently been trying to force through a bid for a third term.
[01:55.000 --> 01:58.000]  Assistant U.S. Secretary of State P.J. Crowley said
[01:58.000 --> 02:01.000]  the U.S. does not condone violence, but, quote,
[02:01.000 --> 02:04.000]  clearly we think this underscores that Niger needs to move ahead
[02:04.000 --> 02:07.000]  with elections and the formation of a new government.
[02:07.000 --> 02:10.000]  Niger, one of the poorest countries in Africa,
[02:10.000 --> 02:14.000]  has about 8% of the world's uranium.
[02:14.000 --> 02:18.000]  Britain's Overseas Spy Service, MI6, was tipped off
[02:18.000 --> 02:22.000]  that Israeli agents were going to carry out an overseas operation
[02:22.000 --> 02:24.000]  using fake British passports.
[02:24.000 --> 02:28.000]  The U.K. Daily Mail says a member of Mossad, the Israeli Spy Service,
[02:28.000 --> 02:31.000]  said the Foreign Office was also told hours before
[02:31.000 --> 02:35.000]  a Hamas terrorist chief was assassinated in Dubai.
[02:35.000 --> 02:39.000]  Hamas agent Mahmoud Al Mappou was lured into a trap
[02:39.000 --> 02:41.000]  by Palestinian double agents last month
[02:41.000 --> 02:43.000]  before being smothered with a pillow.
[02:43.000 --> 02:47.000]  A British security source who met with the Mossad agent
[02:47.000 --> 02:50.000]  told the Mail a serving member of Israeli intelligence
[02:50.000 --> 02:53.000]  says the British government was told very briefly
[02:53.000 --> 02:56.000]  before the operation what was going to happen.
[02:56.000 --> 03:00.000]  Top of the hour news brought to you by INN World.
[03:00.000 --> 03:04.000]  You are listening to the Rule of Law Radio Network
[03:04.000 --> 03:07.000]  at ruleoflawradio.com,
[03:07.000 --> 03:10.000]  live free speech talk radio at its best.
[03:10.000 --> 03:18.000]  MUSIC
[03:18.000 --> 03:31.000]  MUSIC
[03:31.000 --> 03:35.000]  Well I received my remedy today
[03:35.000 --> 03:40.000]  came in a box just like the state
[03:40.000 --> 03:43.000]  I accepted it for value right away
[03:43.000 --> 03:46.000]  not sooner, not later
[03:46.000 --> 03:49.000]  Okay, we're back. All right, Randy, please continue.
[03:49.000 --> 03:55.000]  Okay, we were talking about how the broker,
[03:55.000 --> 03:59.000]  how the lender is not really a mortgage company anymore,
[03:59.000 --> 04:01.000]  he's more of a broker.
[04:01.000 --> 04:06.000]  He gets this large loan, converts it to 20, 30 year mortgages
[04:06.000 --> 04:11.000]  and then sells it to an investor.
[04:11.000 --> 04:16.000]  The mortgage company invests an amount of money
[04:16.000 --> 04:20.000]  into the property to secure it from the seller.
[04:20.000 --> 04:24.000]  And then they give title to the borrower
[04:24.000 --> 04:27.000]  in return for a promise to pay
[04:27.000 --> 04:31.000]  and the lien against the property.
[04:31.000 --> 04:37.000]  Then the lender sells the promissory note
[04:37.000 --> 04:42.000]  to an investor and receives consideration.
[04:42.000 --> 04:47.000]  Now, if I worked on your house
[04:47.000 --> 04:54.000]  and say you didn't like the job I did and refused to pay me
[04:54.000 --> 04:57.000]  then I go file a mechanics lien.
[04:57.000 --> 05:00.000]  And then you try to sell the house and somebody really wants to buy it
[05:00.000 --> 05:04.000]  but they can't buy it because they've got this lien against it.
[05:04.000 --> 05:09.000]  So they struggle a while and the seller, the buyer comes to me and says
[05:09.000 --> 05:13.000]  hey, hey, hey, I need to buy this house, I need to get that lien off of it.
[05:13.000 --> 05:15.000]  How about if I just pay you?
[05:15.000 --> 05:20.000]  And he pays me for the lien, for the amount that the lien is.
[05:20.000 --> 05:27.000]  Can I then come back to the homeowner and collect from the homeowner again?
[05:27.000 --> 05:32.000]  No, I can't. I receive consideration. That would be fraud.
[05:32.000 --> 05:38.000]  As soon as the mortgage company secures the note
[05:38.000 --> 05:44.000]  they sell it for more than they have invested in the property.
[05:44.000 --> 05:49.000]  And this is what the Supreme Court of State of Kansas said
[05:49.000 --> 05:56.000]  is when the lender sells the security instrument
[05:56.000 --> 06:02.000]  but keeps the lien, he creates a fatal flaw.
[06:02.000 --> 06:05.000]  The lender has received consideration.
[06:05.000 --> 06:08.000]  He's been paid. He cannot be harmed.
[06:08.000 --> 06:12.000]  So he can have no standing to express the lien.
[06:12.000 --> 06:19.000]  The purchaser of the security, on the other hand, has the lien against the borrower
[06:19.000 --> 06:25.000]  or has a claim against the borrower, but no claim against the property.
[06:25.000 --> 06:29.000]  And therein lies the fatal flaw.
[06:29.000 --> 06:35.000]  So when I first come across this, I wondered why on earth
[06:35.000 --> 06:45.000]  would the lender sell the security instrument and not attach the lien to it?
[06:45.000 --> 06:50.000]  It took a while to find this one, and I have to thank Paul in Texas.
[06:50.000 --> 06:53.000]  He's the one that brought me the answer.
[06:53.000 --> 06:56.000]  They hold the lien for three years.
[06:56.000 --> 07:06.000]  They file a 1099A with the IRS and write the entire amount off of their taxes as abandoned funds.
[07:06.000 --> 07:12.000]  They've just got consideration a second time.
[07:12.000 --> 07:19.000]  Then as soon as the lender sells the security instrument,
[07:19.000 --> 07:28.000]  as a rule, they're just a mortgage company and all of their whole business is creating these notes.
[07:28.000 --> 07:31.000]  They are not in the business of servicing them.
[07:31.000 --> 07:42.000]  Then they will assign the servicing of the note to a specialty company that specializes in servicing notes.
[07:42.000 --> 07:45.000]  And here's where we get a problem.
[07:45.000 --> 07:50.000]  The servicer makes a small percentage on the amount that he collects.
[07:50.000 --> 07:53.000]  It's a pretty stable business.
[07:53.000 --> 07:58.000]  But he makes more money if you're late on a payment.
[07:58.000 --> 08:06.000]  If you're late on a payment, generally the notes will be you'll pay a 4% or 5% late penalty.
[08:06.000 --> 08:09.000]  Well, the servicer keeps that amount.
[08:09.000 --> 08:17.000]  So it is in the best interest of the servicer if you're late on your payments to make more money, to make 5% more.
[08:17.000 --> 08:21.000]  And they make quite a bit of money if they foreclose.
[08:21.000 --> 08:31.000]  Well, you'd think that foreclosing on a property is something that the bank is not going to want to do
[08:31.000 --> 08:34.000]  because you'd think they all lose money.
[08:34.000 --> 08:37.000]  Well, some do, but not all.
[08:37.000 --> 08:46.000]  You see, they've sold the security instrument to an investor, and it's went into a large investment pool.
[08:46.000 --> 08:51.000]  And that investor is not particularly interested in any one particular note.
[08:51.000 --> 09:00.000]  He's got a whole group of them, and the investor expects a certain number to fail.
[09:00.000 --> 09:04.000]  There will be a statistical mean that will always fail.
[09:04.000 --> 09:10.000]  So they expect a certain number to fail, and the lender in creating the notes, he understands this part.
[09:10.000 --> 09:18.000]  So they structure their pools to adjust how many they expect to fail.
[09:18.000 --> 09:23.000]  Well, this worked out pretty well for the first 15 years or so.
[09:23.000 --> 09:31.000]  But for the last five years or six years, it's gotten a lot more difficult to stabilize the pool
[09:31.000 --> 09:39.000]  because the housing prices have risen astronomically so far beyond the actual cost of the housing
[09:39.000 --> 09:42.000]  that it's become a speculative market.
[09:42.000 --> 09:45.000]  And we all know how speculation works.
[09:45.000 --> 09:48.000]  It goes up, it goes down, it goes up, and it goes down.
[09:48.000 --> 09:51.000]  Well, it's been going up for a very long time.
[09:51.000 --> 09:56.000]  And then finally it began to level off.
[09:56.000 --> 10:01.000]  We have all these lenders out there that have been raking in big money,
[10:01.000 --> 10:06.000]  creating loans for people who absolutely could not afford the buildings they were in.
[10:06.000 --> 10:08.000]  They were just raking in the dough.
[10:08.000 --> 10:16.000]  All of a sudden it begins to slow down, and they're still trying to push these loans.
[10:16.000 --> 10:24.000]  The purchaser of the security is still buying these things, thinking they're good notes.
[10:24.000 --> 10:32.000]  You know, you would think that people investing in high finance would be far more cautious
[10:32.000 --> 10:37.000]  and more conservative in their purchases.
[10:37.000 --> 10:41.000]  In the real world we live in, that's not the case.
[10:41.000 --> 10:50.000]  It seems that the bigger the dollar, the greedier the investors, and the more gullible they are.
[10:50.000 --> 10:54.000]  So we have all of these notes sold out there,
[10:54.000 --> 11:01.000]  and a great portion of them were just the result of absolute and total fraud.
[11:01.000 --> 11:04.000]  The lender did not care.
[11:04.000 --> 11:10.000]  If he creates the note, the higher the principal, the higher the interest,
[11:10.000 --> 11:13.000]  the more he makes on the front end.
[11:13.000 --> 11:17.000]  And then he's out of it. He's gone.
[11:17.000 --> 11:22.000]  The servicer, he don't care. All he does is service.
[11:22.000 --> 11:28.000]  If he forecloses on the note, he don't lose anything, he gains.
[11:28.000 --> 11:33.000]  The only one that loses is, there are only two that lose,
[11:33.000 --> 11:37.000]  is the borrower, who loses the equity and the property,
[11:37.000 --> 11:46.000]  and the purchaser of the security, who's about six steps isolated from the servicer.
[11:46.000 --> 11:51.000]  The servicer and the lender stand in the middle between the borrower and the investor,
[11:51.000 --> 11:56.000]  and they steal from both sides.
[11:56.000 --> 12:02.000]  There are numerous laws in place, one in particular that stands out.
[12:02.000 --> 12:07.000]  We hear a lot of talk about holder in due course,
[12:07.000 --> 12:16.000]  and I've looked at a number of lawsuits where the attorneys call the investor the holder in due course.
[12:16.000 --> 12:21.000]  Well, they apparently never read the Federal Trade Commission holder rule.
[12:21.000 --> 12:23.000]  What the Federal Trade Commission said was,
[12:23.000 --> 12:28.000]  we have these lenders going into business, getting a large loan.
[12:28.000 --> 12:35.000]  They create these loans using predatory lending practices
[12:35.000 --> 12:43.000]  and convincing unsophisticated borrowers into entering into a loan agreement that they absolutely cannot pay.
[12:43.000 --> 12:49.000]  And then an investor purchases the security, then the lender goes out of business,
[12:49.000 --> 12:52.000]  and then starts another business.
[12:52.000 --> 12:56.000]  Now that leaves the borrower with no remedy.
[12:56.000 --> 13:07.000]  So, they passed a law that said, anyone purchasing a securitized consumer note
[13:07.000 --> 13:18.000]  stands in the shoes of the lender and is subject to any claim that the borrower would have against the lender.
[13:18.000 --> 13:27.000]  And they required that every consumer note have a disclaimer in it for the purchaser of the security,
[13:27.000 --> 13:32.000]  notifying the purchaser that they would stand in the shoes of the lender
[13:32.000 --> 13:38.000]  and be subject to any claim the borrower would have against the lender.
[13:38.000 --> 13:45.000]  I have never seen that in any consumer note that I've ever looked at.
[13:45.000 --> 13:48.000]  That's the rest of the violation.
[13:48.000 --> 14:00.000]  And it goes to the fraud that the lenders and the services are perpetrating against both the borrower and the investor.
[14:00.000 --> 14:09.000]  The two that are innocent in the whole thing are being defrauded by those in the middle.
[14:09.000 --> 14:13.000]  So, I put together a program to go back after them.
[14:13.000 --> 14:22.000]  And primarily we get to use the Real Estate Settlement Procedures Act and the Truth in Lending Act, Regulation Z.
[14:22.000 --> 14:32.000]  The legislature said that it was the intent of the legislature that these statutes be strictly enforced.
[14:32.000 --> 14:38.000]  I'm sorry, that they engender strict adherence.
[14:38.000 --> 14:50.000]  So, if you have a claim under any of the consumer protection laws, you don't have to prove harm.
[14:50.000 --> 14:55.000]  The showing of the violation of the act is harm per se.
[14:55.000 --> 15:07.000]  And in the event of a violation of one of these consumer protection act, it generates a penalty,
[15:07.000 --> 15:11.000]  a penalty as opposed to a fee or a fine.
[15:11.000 --> 15:14.000]  A fine or a fee would go to the agency.
[15:14.000 --> 15:18.000]  A penalty goes to the aggrieved party.
[15:18.000 --> 15:25.000]  And the most important part about that was a case of a guy who went into bankruptcy,
[15:25.000 --> 15:31.000]  was through bankruptcy and made allegations against the lender.
[15:31.000 --> 15:39.000]  The court assessed penalties against the lender and then gave the penalty to the bankruptcy pool.
[15:39.000 --> 15:45.000]  The guy said, wait a minute, wait a minute, I'm outside of bankruptcy, I should get that penalty money.
[15:45.000 --> 15:47.000]  And the court said, no.
[15:47.000 --> 15:53.000]  The penalty accrued at consummation of the note.
[15:53.000 --> 15:54.000]  Interesting.
[15:54.000 --> 16:02.000]  So, if you have a mortgage, when you sit down at the settlement table and sign the note,
[16:02.000 --> 16:10.000]  if any TILA, HOPA, RESPA, any of the consumer protection laws were violated,
[16:10.000 --> 16:17.000]  the penalty for the violation of those acts accrued at that moment.
[16:17.000 --> 16:25.000]  So, any amounts involved in these penalties should have came off the head of the note.
[16:25.000 --> 16:29.000]  What the legislature said was, is they assess a penalty against the lender
[16:29.000 --> 16:36.000]  and the court can assess no less than 200, no more than 2,000.
[16:36.000 --> 16:41.000]  But it does not create a cause of action, so you can't sue them for it.
[16:41.000 --> 16:46.000]  And when we get back from break, I'll tell you how we get to sue them for it.
[16:46.000 --> 16:47.000]  That would be great.
[16:47.000 --> 16:51.000]  Randy, do you want to start taking calls pretty soon or you want to go one more second?
[16:51.000 --> 16:52.000]  I want to go one more second.
[16:52.000 --> 16:53.000]  One more segment.
[16:53.000 --> 16:54.000]  We'll start taking calls at the bottom of the hour.
[16:54.000 --> 17:00.000]  We'll be right back.
[17:00.000 --> 17:04.000]  Do you feel tired when talking about important topics like money and politics?
[17:04.000 --> 17:05.000]  Sorry.
[17:05.000 --> 17:07.000]  Are you confused by words like the Constitution or the Federal Reserve?
[17:07.000 --> 17:08.000]  What?
[17:08.000 --> 17:13.000]  If so, you may be diagnosed with the deadliest disease known today, stupidity.
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[17:16.000 --> 17:19.000]  I was diagnosed with stupidity at an early age.
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[18:02.000 --> 18:04.000]  Well, don't let nothing get to you.
[18:04.000 --> 18:07.000]  Only the Father can deliver you.
[18:07.000 --> 18:24.000]  All right, trust in God, my friend.
[18:24.000 --> 18:26.000]  Call on His name once again.
[18:26.000 --> 18:29.000]  Miracles, you know He works.
[18:29.000 --> 18:34.000]  Okay, Randy, go ahead, tell us how we can sue these guys, these evil, evilest people.
[18:34.000 --> 18:37.000]  We're getting to the good part.
[18:37.000 --> 18:41.000]  There are a lot of guys out there doing forensic analysis of notes.
[18:41.000 --> 18:49.000]  And I was frankly working on doing research and able to be able to do that.
[18:49.000 --> 18:54.000]  And finally it occurred to me, why would I do that?
[18:54.000 --> 18:59.000]  Why would I try to figure out what they did wrong?
[18:59.000 --> 19:03.000]  Sometimes it's kind of hard to get outside the box.
[19:03.000 --> 19:07.000]  These are requirements, statutory requirements.
[19:07.000 --> 19:13.000]  I don't have to prove that they didn't perform the statutory requirement.
[19:13.000 --> 19:16.000]  They have to prove they did.
[19:16.000 --> 19:26.000]  So what we do is we say, you violated, I have reason to believe that you violated this notice requirement.
[19:26.000 --> 19:39.000]  When I look at the note, I notice that the interest on the note and the principle on the note is not printed in a darker, bolder print that stands out from the rest of the note.
[19:39.000 --> 19:42.000]  Rest of the violation.
[19:42.000 --> 19:51.000]  And I assume that the lender's a dirty, rotten scoundrel and the court's going to throw the book at him.
[19:51.000 --> 19:57.000]  I assume that the court will charge the lender the maximum amount, $2,000.
[19:57.000 --> 20:04.000]  And that $2,000 would have accrued when I signed the note.
[20:04.000 --> 20:09.000]  So now I can't sue them for that respite violation.
[20:09.000 --> 20:19.000]  However, that accrued when I signed the note, they knew that they violated the respite requirement or acted with reckless disregard of the law.
[20:19.000 --> 20:23.000]  And they should have taken $2,000 off the principle.
[20:23.000 --> 20:30.000]  Now here it is three, five, seven years later, I've been paying interest on that $2,000.
[20:30.000 --> 20:33.000]  That I can sue them for.
[20:33.000 --> 20:42.000]  So what I've done is put together a spreadsheet with a number of amortization schedules in it.
[20:42.000 --> 20:51.000]  The first one will use the numbers on the truth and lending statement as a rule.
[20:51.000 --> 20:53.000]  Sometimes it switches.
[20:53.000 --> 21:00.000]  Most people when they sit down at the settlement table will have all these documents put in front of them.
[21:00.000 --> 21:02.000]  A truth and lending statement is one of them.
[21:02.000 --> 21:07.000]  A truth and lending statement will state the principle, the interest, and have a list of payments.
[21:07.000 --> 21:10.000]  These are the payments you actually pay.
[21:10.000 --> 21:12.000]  And you'll also have a note.
[21:12.000 --> 21:14.000]  Almost always.
[21:14.000 --> 21:20.000]  The note will have $2,000 or $3,000 more in principle than the truth and lending statement.
[21:20.000 --> 21:24.000]  And somewhat less in interest.
[21:24.000 --> 21:27.000]  Around a half a percent.
[21:27.000 --> 21:29.000]  Sometimes more, sometimes less.
[21:29.000 --> 21:35.000]  You look at the truth and lending statement, it's got a couple thousand less interest, less principle.
[21:35.000 --> 21:40.000]  Quarter to half a percent, sometimes a percent more in interest.
[21:40.000 --> 21:46.000]  When you look at these numbers, one starts out with more, less interest.
[21:46.000 --> 21:48.000]  One starts out with less more interest.
[21:48.000 --> 21:50.000]  Looks like it'll balance out.
[21:50.000 --> 21:57.000]  One of the first ones I ran this way, $118,000 note at 6% interest.
[21:57.000 --> 22:01.000]  The truth and lending statement, that was what was on the note.
[22:01.000 --> 22:09.000]  The truth and lending statement said $113,000 at 6.5% interest.
[22:09.000 --> 22:13.000]  Well, that's five grand less.
[22:13.000 --> 22:15.000]  Half a percent more interest.
[22:15.000 --> 22:17.000]  Looks like it'll balance out.
[22:17.000 --> 22:22.000]  So what we do is I run an amortization on the truth and lending statement.
[22:22.000 --> 22:28.000]  And it came up with a payment of $743 a month.
[22:28.000 --> 22:32.000]  And then I ran an amortization on the note.
[22:32.000 --> 22:41.000]  $118,000 at 6%, as opposed to $113 at 6.5.
[22:41.000 --> 22:46.000]  It came up with a $683 payment.
[22:46.000 --> 22:47.000]  I think that number's right.
[22:47.000 --> 22:51.000]  It came out to $58 difference.
[22:51.000 --> 22:56.000]  On the truth and lending statement, you'd be paying $58 a month more.
[22:56.000 --> 23:00.000]  So what I had the schedule do is subtract that.
[23:00.000 --> 23:12.000]  I assumed that I should be paying $683 when I was actually paying $740 something.
[23:12.000 --> 23:14.000]  Anyway, $751, I think.
[23:14.000 --> 23:16.000]  $751.
[23:16.000 --> 23:24.000]  And I took the $58 that I was paying extra and took it off the principal.
[23:24.000 --> 23:28.000]  So next month, I don't pay interest on that principal.
[23:28.000 --> 23:35.000]  So every two months, the principal dropped by 100 just from the overpayment.
[23:35.000 --> 23:38.000]  I ran them both for 30 years.
[23:38.000 --> 23:43.000]  If the individual paid the amount on the truth and lending statement for 30 years,
[23:43.000 --> 23:53.000]  his overpayment would have, on a $118,000 note, would have been $44,000.
[23:53.000 --> 23:57.000]  It made a really, really big difference.
[23:57.000 --> 24:01.000]  So I do that first with the note in the truth and lending statement.
[24:01.000 --> 24:06.000]  Frankly, on occasion, I come out with exactly the same.
[24:06.000 --> 24:11.000]  I have different numbers on each one, but the amounts come out the same.
[24:11.000 --> 24:14.000]  Not often, but sometimes that happens.
[24:14.000 --> 24:19.000]  When that does happen, then I go to the settlement statement.
[24:19.000 --> 24:28.000]  When I mentioned earlier about the lender paying extra money to the broker,
[24:28.000 --> 24:33.000]  when you look at a closing statement, the settlement statement,
[24:33.000 --> 24:39.000]  line 801 will have a loan origination fee.
[24:39.000 --> 24:44.000]  That is generally 1%, and that's the payment to the broker.
[24:44.000 --> 24:46.000]  That's his commission.
[24:46.000 --> 24:51.000]  And then you'll have all these other fees, administration fee, processing fee,
[24:51.000 --> 24:55.000]  underwriting fee, and just one after the other.
[24:55.000 --> 25:02.000]  Well, according to the Truth and Lending Act on Regulation Z,
[25:02.000 --> 25:09.000]  the only thing the lender can charge the borrower are those fees the lender
[25:09.000 --> 25:15.000]  would have to pay if the lender purchased the house in cash.
[25:15.000 --> 25:22.000]  The title search, appraisal, the taxes, those things that he would have to pay
[25:22.000 --> 25:31.000]  if he bought in cash, and those fees that the lender has to pay a third party
[25:31.000 --> 25:36.000]  to perform some act like the appraisal.
[25:36.000 --> 25:41.000]  Everything else is a part of the finance charge, finance charge being the
[25:41.000 --> 25:44.000]  interest that the lender charges on the note.
[25:44.000 --> 25:49.000]  Well, the way they overpay the broker is they add in all of these fees.
[25:49.000 --> 25:51.000]  They call them junk fees.
[25:51.000 --> 25:54.000]  They just give them a name, stick them in there.
[25:54.000 --> 26:04.000]  So what we do is, first thing we do is list all of the fees on the settlement
[26:04.000 --> 26:11.000]  statement and maintain that we don't know what that fee was for.
[26:11.000 --> 26:19.000]  That fee could actually be a junk fee that's used to subsidize the broker
[26:19.000 --> 26:25.000]  with under-the-table payments to get him to convince me that I don't qualify
[26:25.000 --> 26:30.000]  for a reasonable loan, that I only qualify for this high-priced loan.
[26:30.000 --> 26:36.000]  So since it would be illegal for you to do that, I need you to prove these
[26:36.000 --> 26:43.000]  fees up, prove that they fall within the restrictions placed on you by law.
[26:43.000 --> 26:50.000]  Show me the receipt from the vendor itemizing the services that were
[26:50.000 --> 26:56.000]  rendered showing that the services were necessary and that it was necessary
[26:56.000 --> 26:58.000]  to use a third-party vendor.
[26:58.000 --> 27:04.000]  The amounts charged for the service to show that the amounts were reasonable
[27:04.000 --> 27:10.000]  and a copy of your disbursement to the vendor to prove that you actually paid
[27:10.000 --> 27:12.000]  this to the vendor.
[27:12.000 --> 27:18.000]  Anyone you fail to prove up, we take it off the head of the note as a false
[27:18.000 --> 27:25.000]  charge and we take a $2,000 respite fee off the top, a penalty off the top as
[27:25.000 --> 27:33.000]  well and run the note again with these amounts off the principal.
[27:33.000 --> 27:39.000]  And then we go to the pure respite violations.
[27:39.000 --> 27:48.000]  Is there a holder warning in the note to the purchaser of the security?
[27:48.000 --> 27:55.000]  You see, in a consumer note, there can be no holder in due course.
[27:55.000 --> 28:01.000]  A holder in due course would be you if I wrote you a check.
[28:01.000 --> 28:04.000]  If I write you a check and you take it to the bank and it bounces, they don't
[28:04.000 --> 28:08.000]  come back criminally after you because you're a holder in due course.
[28:08.000 --> 28:10.000]  You accepted it in good faith.
[28:10.000 --> 28:15.000]  You have no responsibility for any fraud involved in the creation of that
[28:15.000 --> 28:18.000]  bank draft.
[28:18.000 --> 28:24.000]  However, normally a purchaser of a security is a holder in due course of the
[28:24.000 --> 28:26.000]  security.
[28:26.000 --> 28:32.000]  He's not responsible for any fraud that might have been committed outside his
[28:32.000 --> 28:34.000]  knowledge.
[28:34.000 --> 28:42.000]  But in the case of a consumer note, there can be no holder in due course.
[28:42.000 --> 28:48.000]  There can only be a real party in interest.
[28:48.000 --> 28:54.000]  So, lost my place.
[28:54.000 --> 28:56.000]  I hate it when that happens.
[28:56.000 --> 28:58.000]  Okay, where were we?
[28:58.000 --> 29:00.000]  Oh, those are rest letters.
[29:00.000 --> 29:04.000]  There's no holder warning in the note.
[29:04.000 --> 29:07.000]  2,000 off the top.
[29:07.000 --> 29:14.000]  Did you receive all of the notices that you were supposed to receive all in
[29:14.000 --> 29:19.000]  one bundle separate from the other paperwork?
[29:19.000 --> 29:21.000]  No, I want them to.
[29:21.000 --> 29:25.000]  Actually, what I'm going to do is we demand they prove they did this.
[29:25.000 --> 29:29.000]  Most of the time when I look through a set of paperwork, I find a lot of
[29:29.000 --> 29:33.000]  notices, but they're not signed or dated.
[29:33.000 --> 29:35.000]  So the lender doesn't know when you received them, the borrower doesn't
[29:35.000 --> 29:37.000]  know when you got them.
[29:37.000 --> 29:41.000]  Prove them up, prove you gave them in a timely manner, they come off the head
[29:41.000 --> 29:43.000]  of the note.
[29:43.000 --> 29:46.000]  And I'll finish up quickly on the other side and then we'll open the phone
[29:46.000 --> 29:47.000]  lines up.
[29:47.000 --> 29:52.000]  Okay, callers, if you'd like to get in line, 512-646-1984.
[29:52.000 --> 30:00.000]  We will be right back.
[30:00.000 --> 30:03.000]  Are you being harassed by debt collectors with phone calls, letters,
[30:03.000 --> 30:05.000]  or even lawsuits?
[30:05.000 --> 30:09.000]  Stop debt collectors now with the Michael Mears Proven Method.
[30:09.000 --> 30:12.000]  Michael Mears has won six cases in federal court against debt collectors,
[30:12.000 --> 30:14.000]  and now you can win, too.
[30:14.000 --> 30:18.000]  You'll get step-by-step instructions in plain English on how to win in court
[30:18.000 --> 30:22.000]  using federal civil rights statutes, what to do when contacted by phone,
[30:22.000 --> 30:26.000]  mail, or court summons, how to answer letters and phone calls, how to get
[30:26.000 --> 30:30.000]  debt collectors out of your credit report, how to turn your financial tables
[30:30.000 --> 30:33.000]  on them and make them pay you to go away.
[30:33.000 --> 30:37.000]  The Michael Mears Proven Method is the solution for how to stop debt
[30:37.000 --> 30:38.000]  collectors.
[30:38.000 --> 30:40.000]  Personal consultation is available as well.
[30:40.000 --> 30:45.000]  For more information, please visit ruleoflawradio.com and click on the blue
[30:45.000 --> 30:49.000]  Michael Mears banner or email michaelmears at yahoo.com.
[30:49.000 --> 30:57.000]  That's ruleoflawradio.com or email m-i-c-h-a-e-l-m-i-r-r-a-s at yahoo.com to
[30:57.000 --> 31:00.000]  learn how to stop debt collectors now.
[31:00.000 --> 31:25.000]  Music.
[31:25.000 --> 31:30.000]  Okay, we are back.
[31:30.000 --> 31:33.000]  Getting some callers lined up on the phone, Bridge.
[31:33.000 --> 31:35.000]  Go ahead, Randy.
[31:35.000 --> 31:36.000]  Okay.
[31:36.000 --> 31:42.000]  So first thing we do is on the website I have a data input page.
[31:42.000 --> 31:45.000]  And it takes about 15 minutes to fill that out.
[31:45.000 --> 31:52.000]  To fill that out, from that I create a qualified written request.
[31:52.000 --> 31:55.000]  A written request is a term of art.
[31:55.000 --> 31:58.000]  It's a special letter sent to your lender.
[31:58.000 --> 32:07.000]  And the letter indicates what you believe to be errors in the loan of some
[32:07.000 --> 32:09.000]  type.
[32:09.000 --> 32:14.000]  When that letter is sent to the lender, the lender has 20 days in which to
[32:14.000 --> 32:18.000]  notify you that he received the letter.
[32:18.000 --> 32:26.000]  And 60 days to repair any errors that exist in the note.
[32:26.000 --> 32:31.000]  Well, what we do is claim that everything's an error.
[32:31.000 --> 32:36.000]  You're supposed to provide all of these notices.
[32:36.000 --> 32:38.000]  Prove each one up.
[32:38.000 --> 32:40.000]  Prove that you actually sent the notice.
[32:40.000 --> 32:43.000]  Here's what they do to you at closing.
[32:43.000 --> 32:48.000]  They'll give you an inch and a half high stack of paperwork.
[32:48.000 --> 32:53.000]  And for the most part, they're trying to do what in psychology would call a
[32:53.000 --> 32:55.000]  reality stack.
[32:55.000 --> 32:58.000]  They're trying to get you so busy paying attention to all of these different
[32:58.000 --> 32:59.000]  things.
[32:59.000 --> 33:04.000]  When I look through these, I've got all kinds of notices that they put in
[33:04.000 --> 33:06.000]  there that are just nonsense.
[33:06.000 --> 33:07.000]  They mean nothing.
[33:07.000 --> 33:09.000]  They go to nothing.
[33:09.000 --> 33:12.000]  Each lender has a different set that's totally different.
[33:12.000 --> 33:15.000]  They don't mean anything.
[33:15.000 --> 33:20.000]  They just want you to have to go through all of these different issues to get
[33:20.000 --> 33:22.000]  your mind busy.
[33:22.000 --> 33:31.000]  It's like having to read a 50-page book in 30 minutes, a book on high finance
[33:31.000 --> 33:35.000]  with terms you never heard of and conditions you don't understand even when
[33:35.000 --> 33:37.000]  you read them.
[33:37.000 --> 33:42.000]  By the time they get you to closing, they generally start the process, and
[33:42.000 --> 33:48.000]  then it gets delayed, and it's just to get you more anxious.
[33:48.000 --> 33:52.000]  By the time they get you to closing, they want you ready to sign no matter
[33:52.000 --> 33:54.000]  what.
[33:54.000 --> 33:57.000]  And then they start sliding all this stuff in front of you.
[33:57.000 --> 34:02.000]  What they really don't want you to look at, truth and lending statement, note,
[34:02.000 --> 34:04.000]  settlement statement.
[34:04.000 --> 34:08.000]  They don't want you to start asking, well, what is this fee for and what's
[34:08.000 --> 34:10.000]  that fee for?
[34:10.000 --> 34:14.000]  They want you to just, by the time you get to that, your brain is turning to
[34:14.000 --> 34:15.000]  mush.
[34:15.000 --> 34:17.000]  You just sign it.
[34:17.000 --> 34:20.000]  So we turn the tables back on.
[34:20.000 --> 34:27.000]  Since the statutes require that they provide these notices in a timely manner,
[34:27.000 --> 34:31.000]  we demand that they prove that in fact they did.
[34:31.000 --> 34:35.000]  If they don't prove that in fact they did, then the presumption is that they
[34:35.000 --> 34:37.000]  did not.
[34:37.000 --> 34:39.000]  This is not something voluntary.
[34:39.000 --> 34:41.000]  It's something required by law.
[34:41.000 --> 34:45.000]  So if they can't prove they did it, then it would be prudent on the lender to
[34:45.000 --> 34:48.000]  be able to prove that they did it, because if they don't, they can be charged
[34:48.000 --> 34:50.000]  with violation.
[34:50.000 --> 34:55.000]  So if they say, well, we can't prove it, well, then the presumption is you
[34:55.000 --> 34:56.000]  didn't do it.
[34:56.000 --> 35:02.000]  For each one, 2,000 off the head of the note, run the note with the 2,000
[35:02.000 --> 35:03.000]  missing.
[35:03.000 --> 35:09.000]  Someone went online, filled out the documents from Dover, Pennsylvania.
[35:09.000 --> 35:13.000]  $170,000 note.
[35:13.000 --> 35:17.000]  We made up the qualified written request.
[35:17.000 --> 35:25.000]  We claimed over $800,000 against the lender and penalties and violations.
[35:25.000 --> 35:33.000]  And in fraud, as the penalties would accrue when we signed the note.
[35:33.000 --> 35:39.000]  And with all of these penalties, if I paid this much, this is how much you
[35:39.000 --> 35:41.000]  would owe me.
[35:41.000 --> 35:46.000]  Now, it's unlikely a court would grant you that much, and that's not the
[35:46.000 --> 35:49.000]  point.
[35:49.000 --> 35:56.000]  If you try to get a modification at this time, understand it's not in the
[35:56.000 --> 36:00.000]  servicer's best interest to grant you a modification.
[36:00.000 --> 36:06.000]  Obama put this plan in place to give the lenders incentive to do a
[36:06.000 --> 36:07.000]  modification.
[36:07.000 --> 36:13.000]  He'll pay them some percentage, generally around $1,500 to $3,000, to do
[36:13.000 --> 36:16.000]  a modification.
[36:16.000 --> 36:20.000]  Well, what they do is they do a song and dance.
[36:20.000 --> 36:24.000]  A friend of mine just recently, they were doing a modification.
[36:24.000 --> 36:26.000]  And they said, oh, wow, you need these.
[36:26.000 --> 36:27.000]  There's some papers missing.
[36:27.000 --> 36:28.000]  He said, well, what are they?
[36:28.000 --> 36:30.000]  Well, we're going to check that out.
[36:30.000 --> 36:32.000]  And they led him along and led him along.
[36:32.000 --> 36:35.000]  And then they called him and said, well, you didn't get the papers we needed
[36:35.000 --> 36:39.000]  in, so you don't get the modification.
[36:39.000 --> 36:42.000]  They sold the property the next day.
[36:42.000 --> 36:46.000]  They didn't want him to pay up the property because he had a lot of equity
[36:46.000 --> 36:48.000]  in the building.
[36:48.000 --> 36:50.000]  He had a whole lot paid off.
[36:50.000 --> 36:53.000]  This way, they get to do equity stripping.
[36:53.000 --> 36:55.000]  They get most of it paid off.
[36:55.000 --> 36:59.000]  Then they get the building back and the lender gets to sell it.
[36:59.000 --> 37:01.000]  They strip the equity.
[37:01.000 --> 37:10.000]  I don't know what monies the servicer gets in taking back the building and
[37:10.000 --> 37:11.000]  reselling it.
[37:11.000 --> 37:15.000]  I'm sure he gets profit on that.
[37:15.000 --> 37:19.000]  So they won't do, for the most part, you'll almost never get a modification.
[37:19.000 --> 37:24.000]  If you do get a modification, if you look at it carefully, it will start out
[37:24.000 --> 37:29.000]  with a low payment that will go up very quickly.
[37:29.000 --> 37:34.000]  They want to put you right back in that position so that they can foreclose
[37:34.000 --> 37:37.000]  because the servicer is in his best interest.
[37:37.000 --> 37:43.000]  It's not in the best interest of the investor, but he's so far separated from
[37:43.000 --> 37:46.000]  the servicer, they have no idea what's going on.
[37:46.000 --> 37:49.000]  Also, there's a lot more we look at.
[37:49.000 --> 37:54.000]  This part of it is to create a large number to put in front of the lender
[37:54.000 --> 38:00.000]  and say, this is what we've come after you for, but actually that's not what
[38:00.000 --> 38:02.000]  we'll come after them for.
[38:02.000 --> 38:09.000]  What we'll actually come after them for is triple that amount because it's
[38:09.000 --> 38:13.000]  fraud, and in fraud you get to sue for triple.
[38:13.000 --> 38:19.000]  We'll do that if this qualified written request doesn't get them to come to
[38:19.000 --> 38:25.000]  the table to make you a deal you can't pass up, we follow up with a tort letter.
[38:25.000 --> 38:32.000]  And both of these two documents are peculiar in that the qualified written
[38:32.000 --> 38:38.000]  request happens to look exactly like discovery in a lawsuit.
[38:38.000 --> 38:43.000]  As a matter of fact, if you took the heading off and took the salutation off
[38:43.000 --> 38:50.000]  and changed it and dropped this document in a motion form, it would be discovery.
[38:50.000 --> 38:57.000]  And then we prepare a tort letter, and the tort letter will be convincing
[38:57.000 --> 39:00.000]  because it will look exactly like a lawsuit.
[39:00.000 --> 39:02.000]  It's not a lawsuit.
[39:02.000 --> 39:04.000]  I couldn't write you legal documents.
[39:04.000 --> 39:06.000]  That would give me trouble.
[39:06.000 --> 39:07.000]  But this just happens.
[39:07.000 --> 39:10.000]  It's just sheer coincidence it looks exactly like a lawsuit.
[39:10.000 --> 39:11.000]  Just so happens.
[39:11.000 --> 39:13.000]  Yeah, sheer coincidence.
[39:13.000 --> 39:17.000]  But when they read it, they're reading just like they'd read a lawsuit.
[39:17.000 --> 39:21.000]  We don't just tell them you were naughty boys and you were bad to me.
[39:21.000 --> 39:23.000]  This is what you did.
[39:23.000 --> 39:25.000]  This is the law addressing what you did.
[39:25.000 --> 39:30.000]  And here are the causes of action with each of the elements for all of the
[39:30.000 --> 39:36.000]  allegations we'll have against you if you don't pay us this amount of money.
[39:36.000 --> 39:41.000]  When an attorney reads it, he will certainly recognize that these guys are
[39:41.000 --> 39:43.000]  not just threatening to sue you.
[39:43.000 --> 39:46.000]  They already got the suit written.
[39:46.000 --> 39:48.000]  They just got a different heading on it.
[39:48.000 --> 39:52.000]  And this is intended to increase the pressure.
[39:52.000 --> 39:57.000]  And this one won't claim like the 800,000.
[39:57.000 --> 40:00.000]  It'll claim 2.4 mil.
[40:00.000 --> 40:03.000]  Triple that.
[40:03.000 --> 40:08.000]  And now they have to look at going to court and say, well, a jury is not going
[40:08.000 --> 40:10.000]  to give them this much money.
[40:10.000 --> 40:13.000]  They'll probably only get a tenth.
[40:13.000 --> 40:15.000]  That'll do.
[40:15.000 --> 40:18.000]  $170,000 note, tenth.
[40:18.000 --> 40:20.000]  That'll work.
[40:20.000 --> 40:26.000]  And in this political climate, there's not a lender in the country who wants to
[40:26.000 --> 40:29.000]  stand before a jury.
[40:29.000 --> 40:31.000]  Far too risky.
[40:31.000 --> 40:35.000]  So we give the lender a real good reason to come to the table.
[40:35.000 --> 40:40.000]  There's more hidden in there that I'm not going to talk about on the air because
[40:40.000 --> 40:42.000]  they might be listening.
[40:42.000 --> 40:45.000]  There's a time bomb laid in this thing.
[40:45.000 --> 40:47.000]  That I'll explain off the air.
[40:47.000 --> 40:49.000]  I wish I could talk about it on the air.
[40:49.000 --> 40:54.000]  But if they know what it is, then they'll know how to maybe be able to handle it.
[40:54.000 --> 40:56.000]  I don't know if they could or not.
[40:56.000 --> 41:02.000]  But this is about chess instead of checkers.
[41:02.000 --> 41:08.000]  They will see you moving all of your pieces into place, getting ready to clobber
[41:08.000 --> 41:10.000]  them good.
[41:10.000 --> 41:17.000]  So by the time we get to the tort letter, we'll pretty well have them ready to
[41:17.000 --> 41:19.000]  come to the table.
[41:19.000 --> 41:24.000]  And I'll do the forensic analysis for the tort letter.
[41:24.000 --> 41:27.000]  So anyway, if you have any questions, call in.
[41:27.000 --> 41:29.000]  I see the boards are kind of picking up.
[41:29.000 --> 41:30.000]  The boards are lighting up.
[41:30.000 --> 41:31.000]  Okay.
[41:31.000 --> 41:32.000]  Let's go to callers.
[41:32.000 --> 41:33.000]  Okay.
[41:33.000 --> 41:34.000]  We'll go to Deloitte from Idaho.
[41:34.000 --> 41:36.000]  Deloitte, thanks for calling in.
[41:36.000 --> 41:38.000]  What is your comment or question?
[41:38.000 --> 41:43.000]  Well, I sent you guys an update on my RICO case here in Coeur d'Alene.
[41:43.000 --> 41:44.000]  Oh, right.
[41:44.000 --> 41:47.000]  And I don't know if you read it or not.
[41:47.000 --> 41:48.000]  It doesn't really matter.
[41:48.000 --> 41:51.000]  Yeah, they're moving for summary judgment.
[41:51.000 --> 41:52.000]  It's really important.
[41:52.000 --> 41:54.000]  They're moving for summary judgment?
[41:54.000 --> 41:55.000]  Yeah.
[41:55.000 --> 41:56.000]  Yeah.
[41:56.000 --> 41:57.000]  Standard procedure.
[41:57.000 --> 42:02.000]  That was our answer to their motion for summary judgment.
[42:02.000 --> 42:11.000]  Well, since then, the Coeur d'Alene code enforcer has decided he wants to pick on me and put
[42:11.000 --> 42:19.000]  48-hour moving stickers on all of my private road machines.
[42:19.000 --> 42:26.000]  And maybe tomorrow they're going to be over here at 1045 to start towing stuff.
[42:26.000 --> 42:32.000]  And I plan on being out there with video cameras and maybe a few of my neighbors.
[42:32.000 --> 42:34.000]  And I've moved them all.
[42:34.000 --> 42:48.000]  But what's really good about all this is I am going to report federal witness tampering to the FBI Monday.
[42:48.000 --> 42:49.000]  Good.
[42:49.000 --> 42:54.000]  And you might go to the court for an emergency restraining order.
[42:54.000 --> 43:01.000]  Well, I asked my attorney about that, about, you know, getting some kind of a restraining order
[43:01.000 --> 43:04.000]  or a protective order.
[43:04.000 --> 43:07.000]  And I haven't heard back from him.
[43:07.000 --> 43:11.000]  You might want to bar grievance against your attorney.
[43:11.000 --> 43:12.000]  What's that?
[43:12.000 --> 43:15.000]  Bar grievance against your attorney.
[43:15.000 --> 43:18.000]  I've got a really good attorney.
[43:18.000 --> 43:20.000]  I'm not sure why he hasn't responded.
[43:20.000 --> 43:25.000]  But I'm really lucky to have one that's willing to stand up against the beast.
[43:25.000 --> 43:27.000]  I really like this guy.
[43:27.000 --> 43:32.000]  Either he's out of town or he didn't get the e-mail or something like that.
[43:32.000 --> 43:34.000]  It's only been a couple of days.
[43:34.000 --> 43:36.000]  Oh, okay.
[43:36.000 --> 43:40.000]  But they're just creating more tort action.
[43:40.000 --> 43:41.000]  Yeah, yeah.
[43:41.000 --> 43:43.000]  This comes up retaliation.
[43:43.000 --> 43:45.000]  Okay, listen, Deloitte, hang on the line.
[43:45.000 --> 43:48.000]  We'll continue this call on the other side.
[43:48.000 --> 43:50.000]  We're on break right now.
[43:50.000 --> 43:51.000]  Okay.
[43:51.000 --> 43:53.000]  Okay, and then we've got Ken from Texas and Gary from Texas.
[43:53.000 --> 43:57.000]  Callers, if you'd like to call in, 512-646-1984.
[43:57.000 --> 44:00.000]  We'll be right back.
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[45:00.000 --> 45:13.000]  MUSIC
[45:13.000 --> 45:19.000]  Whoa, whoa, whoa, whoa
[45:19.000 --> 45:22.000]  Whoa, whoa, whoa, whoa
[45:22.000 --> 45:26.000]  Yes, always I must be careful
[45:26.000 --> 45:30.000]  What I'm wishing for
[45:30.000 --> 45:34.000]  When I'm hungry, I like to know just what I'm fishing for
[45:34.000 --> 45:40.000]  I ain't asking for much, I ain't trying to be no glutton
[45:40.000 --> 45:46.000]  I'm just here making my living pushing buttons
[45:46.000 --> 45:52.000]  I give my message out to anyone who's shot in distance
[45:52.000 --> 45:57.000]  For bravery and against slavery showing resistance
[45:57.000 --> 46:00.000]  First I'm crawling, then I'm walking
[46:00.000 --> 46:01.000]  Okay, we're back.
[46:01.000 --> 46:07.000]  We are speaking with Deloitte in Idaho.
[46:07.000 --> 46:08.000]  I saw Gary just drop off.
[46:08.000 --> 46:11.000]  Gary, please call back in.
[46:11.000 --> 46:14.000]  All right, go ahead, Deloitte.
[46:14.000 --> 46:25.000]  Well, what I was thinking about doing is putting together a letter stating the facts
[46:25.000 --> 46:31.000]  and then send one to the Attorney General of the United States, the state of Idaho,
[46:31.000 --> 46:38.000]  the Kootenai County prosecutor, and one of the judges here.
[46:38.000 --> 46:41.000]  I thought I'd just deliver it to the judge.
[46:41.000 --> 46:46.000]  And then I would have it served to the City of Coeur d'Alene
[46:46.000 --> 46:51.000]  and the City of Coeur d'Alene Police Department to notary accept it,
[46:51.000 --> 46:58.000]  through a notary acceptor to prove that I presented the evidence to him
[46:58.000 --> 47:01.000]  because last time I went to the FBI, they just blew me off.
[47:01.000 --> 47:06.000]  And I went into the FBI twice, and they told me before I even left there,
[47:06.000 --> 47:09.000]  they said nothing will ever be done about this.
[47:09.000 --> 47:15.000]  So I just wanted to cover all the bases and send it out to everybody.
[47:15.000 --> 47:18.000]  And I thought I might get some type of a response.
[47:18.000 --> 47:22.000]  What do you think of that idea?
[47:22.000 --> 47:26.000]  Well, if you have reason to believe that they're acting improperly,
[47:26.000 --> 47:34.000]  you might want to consider an amended petition to include witness tampering
[47:34.000 --> 47:43.000]  and obstruction of justice and retaliation and theft.
[47:43.000 --> 47:47.000]  Well, if I have to do that, then I'm going to have to go through my attorney to do that.
[47:47.000 --> 47:51.000]  I'll have to have him do that.
[47:51.000 --> 47:54.000]  Since I haven't got a hold of him, I don't really know what to do.
[47:54.000 --> 47:56.000]  But I thought just, you know, it's my duty.
[47:56.000 --> 48:04.000]  Under, what is it, 18 U.S.C. 242 or 241, it's my duty to report these.
[48:04.000 --> 48:09.000]  Under 18 U.S. Code 4 in this prison of felony,
[48:09.000 --> 48:16.000]  it makes it a crime for you not to report the crime.
[48:16.000 --> 48:20.000]  And so I'm just doing what I believe I'm supposed to do.
[48:20.000 --> 48:21.000]  Yeah, don't blame me.
[48:21.000 --> 48:26.000]  Yeah, that's right, kill the messenger.
[48:26.000 --> 48:28.000]  And it's your duty to file these complaints.
[48:28.000 --> 48:31.000]  And I really don't have anything to do with your attorney.
[48:31.000 --> 48:33.000]  Right, right.
[48:33.000 --> 48:35.000]  You know, the attorney will go to the judge and say,
[48:35.000 --> 48:38.000]  I don't have anything to do with that, Judge.
[48:38.000 --> 48:40.000]  Yeah.
[48:40.000 --> 48:45.000]  Well, on another note, I tried to get a hold of Denver about two days ago,
[48:45.000 --> 48:47.000]  maybe it's three days now.
[48:47.000 --> 48:52.000]  Russ Limbaugh was talking about something that had happened in Washington,
[48:52.000 --> 48:57.000]  D.C. over these micro-broadcasters.
[48:57.000 --> 48:58.000]  And I didn't actually get to hear it.
[48:58.000 --> 49:03.000]  I just got a phone call and said, hey, Russ Limbaugh is talking about this.
[49:03.000 --> 49:07.000]  And immediately I thought of Deborah, and I tried to call you,
[49:07.000 --> 49:10.000]  and I can't call you during the day.
[49:10.000 --> 49:15.000]  So I don't know if you know about that or not, about Russ Limbaugh talking about that,
[49:15.000 --> 49:17.000]  but I thought that was interesting.
[49:17.000 --> 49:20.000]  Talking about the Austin micros specifically?
[49:20.000 --> 49:26.000]  No, not the Austin micros, about micro-broadcasters, about the SCC.
[49:26.000 --> 49:28.000]  I don't know what it was about.
[49:28.000 --> 49:29.000]  Oh, okay, yeah.
[49:29.000 --> 49:33.000]  Well, it could be because there's a bill in the House right now
[49:33.000 --> 49:35.000]  that we're very much concerned about.
[49:35.000 --> 49:41.000]  They're trying to make it so that they want to start licensing
[49:41.000 --> 49:47.000]  a whole lot more frequencies on the dial,
[49:47.000 --> 49:50.000]  which would make it more difficult for the unlicensed broadcasters.
[49:50.000 --> 49:54.000]  And that could be what he was referring to.
[49:54.000 --> 49:59.000]  Well, I'm wondering if us micro-broadcasters don't have a grandfather clause.
[49:59.000 --> 50:04.000]  You know, after a couple of years of operation, I've established a frequency here.
[50:04.000 --> 50:07.000]  I haven't seen anything now.
[50:07.000 --> 50:13.000]  If you started broadcasting before 1934, you'd be fine.
[50:13.000 --> 50:14.000]  No, I'm not that old.
[50:14.000 --> 50:16.000]  No, I haven't seen anything like that.
[50:16.000 --> 50:23.000]  What I have seen, though, is that there's nothing in Title 47 that authorizes the SCC
[50:23.000 --> 50:29.000]  to have any jurisdiction whatsoever to license any broadcasts
[50:29.000 --> 50:37.000]  that do not have any effects which extend beyond the state's borders.
[50:37.000 --> 50:41.000]  And not only that, if you look at the definition of the word state in Title 47,
[50:41.000 --> 50:43.000]  it does not include any of the 50 states.
[50:43.000 --> 50:46.000]  It only includes U.S. territories and possessions
[50:46.000 --> 50:51.000]  like the Virgin Islands, Guam, Puerto Rico, and Washington, D.C.
[50:51.000 --> 51:00.000]  And if you look at Part 15 of the 47 CFR, it only regulates intentional radiators
[51:00.000 --> 51:04.000]  which are not used to broadcast radio communications.
[51:04.000 --> 51:08.000]  Intentional radiators are used for point-to-point transmissions
[51:08.000 --> 51:12.000]  like a garage door opener or remote control for TV or something.
[51:12.000 --> 51:20.000]  And so when they try to use Part 15 against broadcasting, it just doesn't apply.
[51:20.000 --> 51:24.000]  But nobody's ever really taken the time to dissect the code.
[51:24.000 --> 51:30.000]  And so that's what I've done for some of the people that I'm assisting as a paralegal
[51:30.000 --> 51:34.000]  with helping them research for their legal documents.
[51:34.000 --> 51:37.000]  But I haven't seen anything about grandfathering.
[51:37.000 --> 51:39.000]  That was just my thought.
[51:39.000 --> 51:43.000]  No, no, nothing like that.
[51:43.000 --> 51:50.000]  Well, you know, I'm not going to have any problem bumping the wattage up
[51:50.000 --> 51:59.000]  and moving my nonprofit educational radio station all over and ask for donations.
[51:59.000 --> 52:05.000]  Well, if the FCC issues a license to somebody else on the same frequency,
[52:05.000 --> 52:08.000]  you may have a problem because of interference.
[52:08.000 --> 52:13.000]  Now, mainly what I found is that unlicensed broadcasting,
[52:13.000 --> 52:17.000]  as long as the effects are strictly in trust states
[52:17.000 --> 52:23.000]  and as long as there is no interference with any of the licensed frequency,
[52:23.000 --> 52:24.000]  then you're good to go.
[52:24.000 --> 52:28.000]  But if they license the frequency, then you're going to have a problem.
[52:28.000 --> 52:31.000]  You can't just claim squatters' rights and say you were there first.
[52:31.000 --> 52:35.000]  You would have to have a license in order to do that.
[52:35.000 --> 52:38.000]  Okay, well, that's what I wanted to cover tonight,
[52:38.000 --> 52:41.000]  and I'll let you get on to other callers.
[52:41.000 --> 52:44.000]  I just wanted to make sure that you were aware of my situation
[52:44.000 --> 52:49.000]  with the Coeur d'Alene code enforcers.
[52:49.000 --> 52:52.000]  And I'll keep you informed of what takes place.
[52:52.000 --> 52:54.000]  Please do.
[52:54.000 --> 52:57.000]  You guys have a good night, and thank you for everything you're doing.
[52:57.000 --> 52:59.000]  Oh, thank you, Deloitte.
[52:59.000 --> 53:01.000]  Thank you for everything.
[53:01.000 --> 53:03.000]  Okay.
[53:03.000 --> 53:05.000]  You have a good night now. Bye-bye.
[53:05.000 --> 53:06.000]  You, too. Bye-bye.
[53:06.000 --> 53:08.000]  Okay, we're going now to Ken in Texas.
[53:08.000 --> 53:10.000]  After that, the call board is empty.
[53:10.000 --> 53:13.000]  Gary, if you'd like to call back in, Gary from Texas, you'd be next.
[53:13.000 --> 53:17.000]  Ken, I'm getting some feedback.
[53:17.000 --> 53:20.000]  Are you on the speakerphone?
[53:20.000 --> 53:22.000]  Can you hear me okay?
[53:22.000 --> 53:25.000]  No, we're getting feedback.
[53:25.000 --> 53:27.000]  Okay, I'll call in in a minute.
[53:27.000 --> 53:29.000]  Yeah, you need to not use a speakerphone, please,
[53:29.000 --> 53:32.000]  or a headset or a Bluetooth or anything like that.
[53:32.000 --> 53:33.000]  Okay.
[53:33.000 --> 53:43.000]  All right, thanks.
[53:43.000 --> 53:44.000]  Okay.
[53:44.000 --> 53:45.000]  Okay.
[53:45.000 --> 53:46.000]  Randy?
[53:46.000 --> 53:48.000]  Yeah, okay, I was waiting.
[53:48.000 --> 53:49.000]  Go ahead.
[53:49.000 --> 53:50.000]  Okay.
[53:50.000 --> 53:53.000]  Anyway, having a lot of fun with this,
[53:53.000 --> 54:00.000]  and we're able to bring a lot of pressure to bear on these lending companies
[54:00.000 --> 54:06.000]  that have almost bankrupted this country.
[54:06.000 --> 54:09.000]  It's time we stood up and did something about it,
[54:09.000 --> 54:14.000]  and what I did here was essentially the same thing I do
[54:14.000 --> 54:17.000]  in going after judges and prosecutors,
[54:17.000 --> 54:21.000]  is take the law that's there and use it against them.
[54:21.000 --> 54:27.000]  And it turns out there's a lot of law to use if we just look real close at it.
[54:27.000 --> 54:31.000]  And in talking to people in the industry,
[54:31.000 --> 54:37.000]  the thing that surprises me the most is the people on the bottom end,
[54:37.000 --> 54:41.000]  the agents and the brokers,
[54:41.000 --> 54:44.000]  they have no clue that what they're doing,
[54:44.000 --> 54:50.000]  that getting more than – I was most surprised that the broker had no idea
[54:50.000 --> 54:58.000]  that she was not allowed to accept more than 1% of what the mortgage was.
[54:58.000 --> 55:02.000]  So for the most part, we have the money changers,
[55:02.000 --> 55:07.000]  the ones with deep pockets hiring people and telling them what to do
[55:07.000 --> 55:11.000]  and telling them what the law is and what the requirements of their job is,
[55:11.000 --> 55:16.000]  and they think they're acting in good faith.
[55:16.000 --> 55:18.000]  And it's generally the way it goes.
[55:18.000 --> 55:22.000]  The ones with the money duke the ones without the money
[55:22.000 --> 55:25.000]  into doing their dirty deeds for them.
[55:25.000 --> 55:26.000]  In other words, the golden rule.
[55:26.000 --> 55:29.000]  He who has the gold makes the rules?
[55:29.000 --> 55:31.000]  Precisely.
[55:31.000 --> 55:32.000]  Something like that.
[55:32.000 --> 55:38.000]  And so we're designing this to go back after the lender.
[55:38.000 --> 55:43.000]  One of the first things we want to do is find out who the actual holder
[55:43.000 --> 55:47.000]  of the security instrument is.
[55:47.000 --> 55:51.000]  The reason we want to find that out is we want to sue that person
[55:51.000 --> 55:54.000]  or at least send them the tort letter.
[55:54.000 --> 56:01.000]  Notice that we intend to sue them because they're going to be real unhappy,
[56:01.000 --> 56:07.000]  and your lender is not going to want you to find out who they are.
[56:07.000 --> 56:13.000]  Several years ago, about 20 years ago, a consortium of banks got together
[56:13.000 --> 56:21.000]  and put together a company to eliminate the cost and inconvenience
[56:21.000 --> 56:28.000]  of registering the sale of securities with the local county clerk.
[56:28.000 --> 56:35.000]  They claimed that in the Kansas City, in the state of Kansas case,
[56:35.000 --> 56:43.000]  where Merge tried to enter into the case as an intervener,
[56:43.000 --> 56:49.000]  they claimed that this requirement to register the sale of a security
[56:49.000 --> 56:57.000]  with the county clerk was costly, cumbersome, and archaic,
[56:57.000 --> 56:59.000]  and the court agreed with them.
[56:59.000 --> 57:03.000]  It is costly, cumbersome, and archaic.
[57:03.000 --> 57:07.000]  Merge put together this program where they could register the sale
[57:07.000 --> 57:20.000]  with Merge, mortgage electronic registration system,
[57:20.000 --> 57:24.000]  and you could just register with them electronically.
[57:24.000 --> 57:29.000]  Well, what the court said was that the way it's been done
[57:29.000 --> 57:33.000]  is costly, cumbersome, and archaic.
[57:33.000 --> 57:41.000]  However, the requirement has been in place since the state became a state,
[57:41.000 --> 57:46.000]  and if you have a problem with it, you'll have to take it to the legislature,
[57:46.000 --> 57:51.000]  because as long as the law is in place, we have to enforce it.
[57:51.000 --> 57:56.000]  I went to Merge's site, and if you want to know who the servicer of your loan is,
[57:56.000 --> 57:59.000]  you just go there, and they're real helpful.
[57:59.000 --> 58:02.000]  They'll let you know just exactly who it is.
[58:02.000 --> 58:06.000]  But then again, you already know who it is because you're paying the mortgage.
[58:06.000 --> 58:08.000]  That's who you pay it to.
[58:08.000 --> 58:13.000]  What you won't find on there is who owns the security instrument,
[58:13.000 --> 58:15.000]  and there's a little bit more to that when we get back.
[58:15.000 --> 58:18.000]  Okay, and I see that Ken has called back in as well,
[58:18.000 --> 58:22.000]  so when you finish up with that, Randy, then we'll go back to Ken.
[58:22.000 --> 58:23.000]  All righty.
[58:23.000 --> 58:25.000]  Hopefully he has a better connection.
[58:25.000 --> 58:32.000]  All right, and folks, when you call in, please, please do not use a Bluetooth.
[58:32.000 --> 58:36.000]  Do not use a headset of any kind.
[58:36.000 --> 58:38.000]  Use a regular phone.
[58:38.000 --> 58:41.000]  Open up your phone and use the phone.
[58:41.000 --> 58:43.000]  You know, like hold it to your head.
[58:43.000 --> 58:47.000]  I know it's a pain in the butt, but you really have to do that if you want to come on the air,
[58:47.000 --> 58:51.000]  because what happens is the sound from the earpiece feeds back into the microphone,
[58:51.000 --> 58:53.000]  and then it's feedback on the air.
[58:53.000 --> 58:55.000]  So just use a regular headset when you call in, people.
[58:55.000 --> 58:56.000]  Thank you.
[58:56.000 --> 58:59.000]  We'll be right back.
[58:59.000 --> 59:03.000]  My name is Randall Kelton, and I co-host on Rule of Law Radio.
[59:03.000 --> 59:08.000]  We specialize in showing people how to strike back against corrupt public officials.
[59:08.000 --> 59:10.000]  With the mortgage crisis worsening,
[59:10.000 --> 59:14.000]  we set our sights on finding a remedy for people who have been cheated by their lenders.
[59:14.000 --> 59:17.000]  If you have a mortgage or have paid yours off,
[59:17.000 --> 59:21.000]  you have probably been cheated out of thousands, but there is a remedy.
[59:21.000 --> 59:29.000]  Go to remediesinrealestate.com or call me at 512-430-4140
[59:29.000 --> 59:32.000]  and find out how to use the consumer protection laws
[59:32.000 --> 59:36.000]  to recover what the lenders have stolen through fraud and deception.
[59:36.000 --> 59:39.000]  We will prepare for you a qualified written request
[59:39.000 --> 59:42.000]  that will expose the fraud and put the lenders on the dime.
[59:42.000 --> 59:47.000]  Lender fraud is bankrupting this country, and it's time to fight back.
[59:47.000 --> 59:54.000]  Go to remediesinrealestate.com or call 512-430-4140
[59:54.000 --> 59:59.000]  and get the information you need to stop the money changers in their tracks.
[59:59.000 --> 01:00:04.000]  This news brief was brought to you by the International News Network.
[01:00:04.000 --> 01:00:07.000]  A new government report on our broken health care system
[01:00:07.000 --> 01:00:11.000]  details how insurance companies prosper as Americans suffer.
[01:00:11.000 --> 01:00:13.000]  Underscoring the urgency of reform,
[01:00:13.000 --> 01:00:20.000]  profits for the 10 largest insurance companies increased 250% between 2000 and 2009.
[01:00:20.000 --> 01:00:28.000]  The CEOs of America's five largest insurers each made up to $24 million in 2008.
[01:00:28.000 --> 01:00:32.000]  Barack Obama's establishment by executive order of a bipartisan commission
[01:00:32.000 --> 01:00:36.000]  on deficits Thursday is the latest step in the administration's attack
[01:00:36.000 --> 01:00:39.000]  on health care and retirement programs.
[01:00:39.000 --> 01:00:44.000]  The 18-member panel will propose measures to slash government spending
[01:00:44.000 --> 01:00:48.000]  on Medicare, Medicaid, and Social Security.
[01:00:48.000 --> 01:00:53.000]  A new medical report claims it is scientific proof that inhaled cannabis
[01:00:53.000 --> 01:00:58.000]  holds medical value at or above the level of prescription medicines.
[01:00:58.000 --> 01:01:02.000]  The California Center for Medicinal Cannabis Research says cannabis
[01:01:02.000 --> 01:01:05.000]  is a promising treatment in selected pain syndromes
[01:01:05.000 --> 01:01:09.000]  caused by injury or diseases of the nervous system.
[01:01:09.000 --> 01:01:13.000]  Top of the hour news brought to you by INN World Report.
[01:01:13.000 --> 01:01:18.000]  The Obama administration announced a $1.25 billion settlement Thursday
[01:01:18.000 --> 01:01:23.000]  to resolve charges by thousands of black farmers who say that for decades
[01:01:23.000 --> 01:01:27.000]  the Agriculture Department discriminated against them in loan programs.
[01:01:27.000 --> 01:01:32.000]  Cabinet officials exhorted Congress to approve the deal by setting aside money
[01:01:32.000 --> 01:01:37.000]  for the farmers who have fought through three administrations to secure justice.
[01:01:37.000 --> 01:01:42.000]  Agricultural Secretary Tom Vilsack said in the worst cases farmers lost their
[01:01:42.000 --> 01:01:46.000]  property after local administrators slow-pedaled loan applications,
[01:01:46.000 --> 01:01:49.000]  leaving them unable to plant key crops.
[01:01:49.000 --> 01:01:52.000]  The government paid $1 billion to settle a related case
[01:01:52.000 --> 01:01:58.000]  with 16,000 black farmers in 1999, but notification and communication errors
[01:01:58.000 --> 01:02:01.000]  led to some farmers being omitted from that settlement.
[01:02:01.000 --> 01:02:05.000]  The new agreement would provide cash payments and debt relief to farmers
[01:02:05.000 --> 01:02:08.000]  who applied too late to participate in the earlier settlement.
[01:02:08.000 --> 01:02:15.000]  Analysts say more than 70,000 farmers might apply this time.
[01:02:15.000 --> 01:02:19.000]  Anthem Blue Cross's parent company Wellpoint has been challenged by
[01:02:19.000 --> 01:02:23.000]  Congressman Henry Waxman over discrepancies between the company's
[01:02:23.000 --> 01:02:28.000]  public explanation for hiking rates on individual insurance premiums in California
[01:02:28.000 --> 01:02:32.000]  and its own internal documents, which tell a different story.
[01:02:32.000 --> 01:02:37.000]  Wellpoint said it was forced to increase rates due to the poor economic climate
[01:02:37.000 --> 01:02:41.000]  and the fact that healthy individuals decided to drop their coverage.
[01:02:41.000 --> 01:02:45.000]  But Waxman pointed out in a letter to Wellpoint's CEO Angela Braley
[01:02:45.000 --> 01:02:49.000]  that according to data the company submitted to the National Association
[01:02:49.000 --> 01:02:55.000]  of Insurance Commissioners, membership did not decrease but increased by over 7%.
[01:02:55.000 --> 01:02:59.000]  Top of the hour news brought to you by INN World Report.
[01:02:59.000 --> 01:03:06.000]  You are listening to the Rule of Law Radio Network at ruleoflawradio.com.
[01:03:06.000 --> 01:03:26.000]  Live free speech talk radio at its best.
[01:03:36.000 --> 01:03:43.000]  I will live by my father's house until he returns.
[01:03:43.000 --> 01:03:47.000]  I will live by my father's house.
[01:03:47.000 --> 01:03:54.000]  As I live in strength and with love I will aid my concern.
[01:03:54.000 --> 01:03:58.000]  I will live by my father's house.
[01:03:58.000 --> 01:04:02.000]  Yeah, I realize I'm a part of God
[01:04:02.000 --> 01:04:05.000]  I realize these things
[01:04:05.000 --> 01:04:09.000]  I realize these things
[01:04:09.000 --> 01:04:13.000]  I will guard these walls if they say
[01:04:13.000 --> 01:04:16.000]  They come to take this pain
[01:04:16.000 --> 01:04:20.000]  I realize these things
[01:04:20.000 --> 01:04:23.000]  Take a tooth in the head tonight to show the Father enter
[01:04:23.000 --> 01:04:26.000]  Kiss all the parasites from around ya
[01:04:26.000 --> 01:04:29.000]  Kill the people like ya and kill the murderers
[01:04:29.000 --> 01:04:32.000]  Kiss them out the house because they cannot enter
[01:04:32.000 --> 01:04:34.000]  Cure any heart that cleans hands only
[01:04:34.000 --> 01:04:37.000]  Only them could enter in that house you see
[01:04:37.000 --> 01:04:38.000]  See if you're so sorry
[01:04:38.000 --> 01:04:41.000]  Alright, we will occupy our Father's house
[01:04:41.000 --> 01:04:43.000]  Alright, Ken is back on the line
[01:04:43.000 --> 01:04:46.000]  We've got David from Pennsylvania and Dominic
[01:04:46.000 --> 01:04:50.000]  And we will go to your calls in just a moment
[01:04:50.000 --> 01:04:53.000]  Randy, you wanted to finish up on assignments first
[01:04:53.000 --> 01:04:55.000]  Yes, assignments
[01:04:55.000 --> 01:05:02.000]  Anyone who has a mortgage from time to time will get a new servicer
[01:05:02.000 --> 01:05:08.000]  And that servicer will claim they've been assigned to the note
[01:05:08.000 --> 01:05:12.000]  The question is, who assigned them?
[01:05:12.000 --> 01:05:22.000]  The real party in interest kind of gets lost in these large pooling and servicing agreements
[01:05:22.000 --> 01:05:25.000]  Where it moves from one party to another
[01:05:25.000 --> 01:05:31.000]  They generally settle about six times before they settle in one place
[01:05:31.000 --> 01:05:39.000]  And when you go in and ask the lender who owns the security instrument
[01:05:39.000 --> 01:05:42.000]  They seem never able to tell you
[01:05:42.000 --> 01:05:45.000]  And what we'll be maintaining is
[01:05:45.000 --> 01:05:51.000]  The only one who has any standing on the note is that person
[01:05:51.000 --> 01:05:54.000]  They don't have a claim against the property but they do have a claim against the individual
[01:05:54.000 --> 01:05:55.000]  So who is that person?
[01:05:55.000 --> 01:06:03.000]  That person is receiving funds that constitute unjust enrichment based on fraud
[01:06:03.000 --> 01:06:04.000]  We want to know who they are
[01:06:04.000 --> 01:06:11.000]  Well, it appears as though the lender has no idea
[01:06:11.000 --> 01:06:16.000]  Because these people who are assigning the servicer
[01:06:16.000 --> 01:06:20.000]  A lot of times they're from their own law firm
[01:06:20.000 --> 01:06:24.000]  Or one bank, some folks in Florida
[01:06:24.000 --> 01:06:29.000]  Found that there were about three people in Florida who assigned all of these
[01:06:29.000 --> 01:06:35.000]  One worked for Wells Fargo, one worked for a law firm, and one worked for another bank
[01:06:35.000 --> 01:06:40.000]  And they assigned all of these service agreements
[01:06:40.000 --> 01:06:43.000]  Well, who are they?
[01:06:43.000 --> 01:06:52.000]  And how do they have authority to act for the real party in interest?
[01:06:52.000 --> 01:06:54.000]  We can find no connection
[01:06:54.000 --> 01:07:06.000]  It appears as though these people are assigning authority to foreclose on a property to themselves
[01:07:06.000 --> 01:07:12.000]  With no connection to the real party in interest who actually owns the security instrument
[01:07:12.000 --> 01:07:24.000]  The money amounts we go after on the front end is really song and dance and seltzer down your pants
[01:07:24.000 --> 01:07:26.000]  That's not the real deal
[01:07:26.000 --> 01:07:28.000]  I mean, it's real enough
[01:07:28.000 --> 01:07:32.000]  But the real deal is standing
[01:07:32.000 --> 01:07:35.000]  Who are you?
[01:07:35.000 --> 01:07:43.000]  And how do you get standing to express a lien when you've been paid?
[01:07:43.000 --> 01:07:50.000]  If you're the lender, if you're claiming this action based on the authority of the lien
[01:07:50.000 --> 01:07:54.000]  One of the things we ask for in the qualified written request
[01:07:54.000 --> 01:08:02.000]  Is the records of the transaction of the sale of the security instrument to the first purchaser
[01:08:02.000 --> 01:08:08.000]  This will show disbursement back to the lender in excess of the amount of the lien
[01:08:08.000 --> 01:08:12.000]  He's history at that point
[01:08:12.000 --> 01:08:17.000]  This is where the real action will be, but we use the large dollar figures
[01:08:17.000 --> 01:08:28.000]  And the numerous causes of action based on the violations and the fraud to get to the real issue of standing
[01:08:28.000 --> 01:08:35.000]  And generally, even a judge, even a corrupt judge, can only have so many nos in them
[01:08:35.000 --> 01:08:40.000]  And we will stack a case against them that will look like a bulldozer coming at them
[01:08:40.000 --> 01:08:46.000]  Anyway, okay, let's go to the lenders
[01:08:46.000 --> 01:08:49.000]  Okay, all right, here we go, we're going back to Ken in Texas
[01:08:49.000 --> 01:08:50.000]  Ken, are you there?
[01:08:50.000 --> 01:08:51.000]  I am here
[01:08:51.000 --> 01:08:53.000]  Okay, much better, thank you
[01:08:53.000 --> 01:08:55.000]  What's on your mind tonight?
[01:08:55.000 --> 01:09:00.000]  Hey, I'm sorry about that connection, I'm on Skype and, you know, I'm just learning this stuff
[01:09:00.000 --> 01:09:04.000]  Right, right, well actually all the talk show hosts on this network connect on Skype
[01:09:04.000 --> 01:09:08.000]  Skype is really, really good, but you have to have the right audio interface
[01:09:08.000 --> 01:09:13.000]  And in general that means like the chintzy little headsets won't work
[01:09:13.000 --> 01:09:17.000]  Because what happens is like these little tiny earbuds and things like that
[01:09:17.000 --> 01:09:20.000]  The sound from the earpiece feeds into the microphone
[01:09:20.000 --> 01:09:23.000]  And so the only way you can use Skype successfully is like
[01:09:23.000 --> 01:09:28.000]  You have to have headphones that completely cover your ears like almost with an airtight seal
[01:09:28.000 --> 01:09:30.000]  So that the sound doesn't go into the microphone
[01:09:30.000 --> 01:09:36.000]  And so we all have like, you know, we all have studio quality microphones and headphones and stuff like that
[01:09:36.000 --> 01:09:38.000]  And so that's why it sounds good
[01:09:38.000 --> 01:09:42.000]  Go down and get one of the best that I've seen are the gaming headsets
[01:09:42.000 --> 01:09:46.000]  They've got the big, you know, they're designed for guys who play games all day
[01:09:46.000 --> 01:09:47.000]  Yes, yes, but the main...
[01:09:47.000 --> 01:09:49.000]  They completely cover the ear and they got a...
[01:09:49.000 --> 01:09:54.000]  The main thing is the headphones have to cover your whole ear like with a seal
[01:09:54.000 --> 01:09:56.000]  So that the sound doesn't feed into the microphone
[01:09:56.000 --> 01:09:58.000]  That's the main deal, but that's fine
[01:09:58.000 --> 01:10:00.000]  Go ahead, tell us what's on your mind
[01:10:00.000 --> 01:10:07.000]  Well, my offense was I have a little microphone, so anyway
[01:10:07.000 --> 01:10:11.000]  Randy, you are so on point on all this stuff
[01:10:11.000 --> 01:10:15.000]  And I got to tell you something here and don't hold it against me
[01:10:15.000 --> 01:10:20.000]  But I've been in the lending business, but it was many, many, many years ago
[01:10:20.000 --> 01:10:24.000]  Now, I have an education in banking and finance
[01:10:24.000 --> 01:10:29.000]  I used to work for a bank and originated loans
[01:10:29.000 --> 01:10:33.000]  Was a licensed real estate broker for many years
[01:10:33.000 --> 01:10:35.000]  And I want to tell you just...
[01:10:35.000 --> 01:10:38.000]  I know you know this already, but you're really on to it
[01:10:38.000 --> 01:10:42.000]  But to all the listeners, he's really, really on to it
[01:10:42.000 --> 01:10:47.000]  But I wanted to add a couple of things which maybe you haven't gotten to
[01:10:47.000 --> 01:10:50.000]  But the way these lenders work, the real...
[01:10:50.000 --> 01:10:55.000]  One of the scams really is, of course, you understand risk versus reward
[01:10:55.000 --> 01:11:00.000]  And if you're going to make a loan to somebody who is a poor credit risk
[01:11:00.000 --> 01:11:03.000]  You're going to have to charge them more interest
[01:11:03.000 --> 01:11:08.000]  Now, we all understand that, but what if you could...
[01:11:08.000 --> 01:11:15.000]  Well, let's say that if you're going to lend to somebody who is a good credit risk and it's 5%
[01:11:15.000 --> 01:11:19.000]  You might charge them 7% if they're a bad credit risk
[01:11:19.000 --> 01:11:24.000]  But here's Nirvana for the lender
[01:11:24.000 --> 01:11:31.000]  You convince somebody who has good credit to pay you for a bad credit loan
[01:11:31.000 --> 01:11:35.000]  And you get 7% even though the risk indicates you should only get 5%
[01:11:35.000 --> 01:11:40.000]  And that's part of the credit scam, which of course really is a whole other show
[01:11:40.000 --> 01:11:44.000]  But I just wanted to put that out there
[01:11:44.000 --> 01:11:52.000]  Now, realistically, yeah, I hope we get to discuss that another whole Friday night
[01:11:52.000 --> 01:11:54.000]  Because that's what it'll take at least
[01:11:54.000 --> 01:11:57.000]  But really all loans are predatory, you know
[01:11:57.000 --> 01:12:01.000]  I laugh every time I hear about new laws about predatory loans
[01:12:01.000 --> 01:12:04.000]  Hey, they're all predatory
[01:12:04.000 --> 01:12:08.000]  The way banks work, you know, that's another whole show too
[01:12:08.000 --> 01:12:11.000]  Yes, exactly, that's it
[01:12:11.000 --> 01:12:14.000]  It is the nature of the beast
[01:12:14.000 --> 01:12:18.000]  It's the nature of the human animal to do what's best for him
[01:12:18.000 --> 01:12:22.000]  That's why we have to use carrots and stick
[01:12:22.000 --> 01:12:25.000]  Are you saying that all lenders are loan sharks?
[01:12:25.000 --> 01:12:30.000]  Well, that's just another way of saying they're predatory
[01:12:30.000 --> 01:12:32.000]  Yeah, that's what I mean
[01:12:32.000 --> 01:12:37.000]  Yeah, I mean, somebody who takes, I mean, here's the definition of stupidity
[01:12:37.000 --> 01:12:42.000]  It's a banker who actually pays nothing for his money
[01:12:42.000 --> 01:12:48.000]  And then he loses his business, he can't make a profit, okay?
[01:12:48.000 --> 01:12:50.000]  Now, you can be in any kind of business
[01:12:50.000 --> 01:12:54.000]  Imagine being a car dealer, but you don't have to pay for your car as you get them free
[01:12:54.000 --> 01:12:57.000]  And then you lose money, okay?
[01:12:57.000 --> 01:13:00.000]  Well, that's how idiotic it is for these bankers to lose money
[01:13:00.000 --> 01:13:04.000]  Because they literally pay zero for their money
[01:13:04.000 --> 01:13:06.000]  In fact, you know, less than zero
[01:13:06.000 --> 01:13:08.000]  You know about the fractional reserve system
[01:13:08.000 --> 01:13:14.000]  Somebody puts $1,000 in the bank, well, the bank can lend out $10,000
[01:13:14.000 --> 01:13:16.000]  You know, rough rule of thumb
[01:13:16.000 --> 01:13:21.000]  Yeah, in the discussion, I didn't get to the Fed window
[01:13:21.000 --> 01:13:26.000]  Yeah, well, I'm going to go through this real quick and I'm almost done here
[01:13:26.000 --> 01:13:30.000]  But, you know, you're really on top of this already
[01:13:30.000 --> 01:13:37.000]  But I'm hoping to maybe introduce a few things which can prompt further discussions
[01:13:37.000 --> 01:13:39.000]  Or maybe next week
[01:13:39.000 --> 01:13:43.000]  Please do because I have a lot of holes in it
[01:13:43.000 --> 01:13:48.000]  Especially from the broker and the lender's perspective
[01:13:48.000 --> 01:13:49.000]  Okay
[01:13:49.000 --> 01:13:54.000]  In order to understand how to handle this, I need to understand where they live
[01:13:54.000 --> 01:13:56.000]  And how they work
[01:13:56.000 --> 01:13:59.000]  Randy Raylor is going to get me in contact with a guy here
[01:13:59.000 --> 01:14:09.000]  Who is that Randy considered to be the most dirty, rotten, stinking, low-down loan officer that God ever made
[01:14:09.000 --> 01:14:14.000]  Well, I wanted to talk to him because I wanted to take this good loan
[01:14:14.000 --> 01:14:22.000]  A good credit risk and ask the guy, how are you going to screw this guy?
[01:14:22.000 --> 01:14:27.000]  If I know all of the tricks and the traps, then I know how to look for them
[01:14:27.000 --> 01:14:29.000]  And I'm finding a lot of them
[01:14:29.000 --> 01:14:33.000]  Oh, yeah
[01:14:33.000 --> 01:14:42.000]  Now, one of the things which you might not have 100% right, but you're pretty close to
[01:14:42.000 --> 01:14:50.000]  Is the way that the banker might pay this other party, say, more than the face value of the loan
[01:14:50.000 --> 01:14:53.000]  Now, you know, finance is kind of complicated
[01:14:53.000 --> 01:15:00.000]  You've seen all the problems we've had with finance the last couple of years
[01:15:00.000 --> 01:15:08.000]  Now, if the loan was $100,000, for example, someone borrowed $100,000 on their house
[01:15:08.000 --> 01:15:13.000]  At 5%, that's the real market rate
[01:15:13.000 --> 01:15:20.000]  Now, if this loan broker is able to convince these people they ought to pay 7%
[01:15:20.000 --> 01:15:26.000]  But, you know, kind of like I alluded to before, but it's really only a 5% loan, wow
[01:15:26.000 --> 01:15:30.000]  I mean, this is called a premium above-market loan
[01:15:30.000 --> 01:15:35.000]  And so, yeah, you know, it's worth, you can put that in your financial calculator
[01:15:35.000 --> 01:15:40.000]  This loan is worth, golly, you know, 10%, 20%, 30% more
[01:15:40.000 --> 01:15:44.000]  So that's where that back-end money comes from because it's based upon the yield
[01:15:44.000 --> 01:15:48.000]  That the lender anticipates getting over the years
[01:15:48.000 --> 01:15:53.000]  Precisely, that's why, you know, you look at the loan from the other perspective
[01:15:53.000 --> 01:16:00.000]  If you're paying a half a percent more on a 6% note, you're going to pay 44 grand
[01:16:00.000 --> 01:16:05.000]  That's like a third of the note extra
[01:16:05.000 --> 01:16:10.000]  So anything they increase, it increases dramatically
[01:16:10.000 --> 01:16:15.000]  And the higher the interest goes, it's almost scary how much it increases
[01:16:15.000 --> 01:16:22.000]  Sure, I don't know if you're going to get much traction with trying to say that's an actual damage
[01:16:22.000 --> 01:16:26.000]  Because that's just how financial instruments are marketed
[01:16:26.000 --> 01:16:34.000]  And if they look at the yield, it's not necessarily fraudulent or curious
[01:16:34.000 --> 01:16:40.000]  Well, the truth-in-lending statement must be within an eighth of a percent of the note
[01:16:40.000 --> 01:16:43.000]  Oh, exactly, the regulation is E
[01:16:43.000 --> 01:16:49.000]  Yeah, if it's not, now we have, now we can show the fraud
[01:16:49.000 --> 01:16:53.000]  Okay, Ken, do you want to stay on the line so we can talk about this some more on the other side?
[01:16:53.000 --> 01:16:54.000]  Yes, I got a couple others
[01:16:54.000 --> 01:16:59.000]  Okay, great, we'll be right back
[01:16:59.000 --> 01:17:06.000]  You feel tired when talking about important topics like money and politics? Are you confused by words like the Constitution or the Federal Reserve?
[01:17:06.000 --> 01:17:07.000]  What?
[01:17:07.000 --> 01:17:12.000]  If so, you may be diagnosed with the deadliest disease known today, stupidity
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[01:17:18.000 --> 01:17:24.000]  I had no idea that the number one cause of the disease is found in almost every home in America, the television
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[01:17:59.000 --> 01:18:19.000]  If you have any questions, please post them in the comments below
[01:18:29.000 --> 01:18:32.000]  Great call, by the way. Great information
[01:18:32.000 --> 01:18:38.000]  Well, thank you. I think I'm going to tell you something that's really going to pay off for you
[01:18:38.000 --> 01:18:46.000]  Randy may know this, and he may not have wanted to say it on the air, so I hope it's not the case
[01:18:46.000 --> 01:18:55.000]  I'm not an expert on Regulation Z, but I kind of read some of it a number of years ago and some analysis about it
[01:18:55.000 --> 01:19:05.000]  And it actually may provide one of the most fabulous remedies for anybody who gets one of these fraudulent loans
[01:19:05.000 --> 01:19:12.000]  And that is the complete dissolution of the loan
[01:19:12.000 --> 01:19:19.000]  Okay, you stepped on it, so I'll go ahead and touch on it
[01:19:19.000 --> 01:19:29.000]  In the RESPA letter, in the Qualified Written Request, I tell them, prove all of these fees up
[01:19:29.000 --> 01:19:41.000]  Or if you fail to prove one of them up, I will presume that you used it as an undisclosed payment to the broker
[01:19:41.000 --> 01:19:53.000]  Resend the note. Exactly. For those who don't know, we're claiming fraud here
[01:19:53.000 --> 01:20:00.000]  And you don't need but a tiny bit of fraud. Fraud mitigates all contracts
[01:20:00.000 --> 01:20:08.000]  And in rescission, the lender gives you back every penny you've paid in principal and interest
[01:20:08.000 --> 01:20:12.000]  And then the lender recovers his property
[01:20:12.000 --> 01:20:22.000]  However, since you're the aggrieved party, you have opportunity to repurchase at current value, current interest
[01:20:22.000 --> 01:20:30.000]  Plus you have all of this equity. You not only have your real equity, you have all the interest as equity
[01:20:30.000 --> 01:20:33.000]  That you can place as a down payment
[01:20:33.000 --> 01:20:38.000]  But that's not the time bomb that's in here
[01:20:38.000 --> 01:20:47.000]  The lenders, as a rule, ignore a Qualified Written Request or they treat it like a request to modify
[01:20:47.000 --> 01:20:53.000]  And when you make these requests, they say, well, you have to ask for these in discovery
[01:20:53.000 --> 01:20:58.000]  Well, we have in there. Prove them up or rescind
[01:20:58.000 --> 01:21:06.000]  And they have 20 days to let you know they received it. They have 60 days to correct any errors
[01:21:06.000 --> 01:21:15.000]  If they fail to do that within 60 days or if they answer you prior to the 60 days, then you start a 20-day clock
[01:21:15.000 --> 01:21:28.000]  They've got, if you can show any undisclosed payment to the broker, it says any $1 enough to the broker
[01:21:28.000 --> 01:21:32.000]  On foreclosure, the right to rescind renews
[01:21:32.000 --> 01:21:36.000]  So we push into foreclosure
[01:21:36.000 --> 01:21:42.000]  We've sent the rest for demanding rescission. If they don't prove it up, they'll ignore it
[01:21:42.000 --> 01:21:49.000]  That 20-day clock runs. We don't say a thing about it unless we have to file suit
[01:21:49.000 --> 01:21:59.000]  When we file the tort letter, which looks like the suit, won't have the RESPA claim in it
[01:21:59.000 --> 01:22:08.000]  When we have to file suit, we sue maintaining that according to Real Estate Settlement Procedures Act
[01:22:08.000 --> 01:22:16.000]  After rescission, the lender has 20 days in which to recover his property
[01:22:16.000 --> 01:22:24.000]  Or the borrower may retain the property with no further obligation
[01:22:24.000 --> 01:22:32.000]  That's the trap I was talking about. They ignore this RESPA letter at their peril
[01:22:32.000 --> 01:22:40.000]  Now they have to go into court and fight this issue. Now they have to prove up that every one of these fees
[01:22:40.000 --> 01:22:49.000]  Were in fact valid fees and not junk fees, or there's a special name for these kinds of fees
[01:22:49.000 --> 01:22:55.000]  That they were actually paid properly and in accordance with the statutes
[01:22:55.000 --> 01:23:03.000]  They failed to do though, so the presumption is they used them to pay the broker for upselling
[01:23:03.000 --> 01:23:05.000]  Does that make sense, Ken?
[01:23:05.000 --> 01:23:13.000]  It does. Now in the industry, junk fees are not necessarily illegal
[01:23:13.000 --> 01:23:19.000]  In fact, probably most are not. There are things like warehouse fee, which in the case of a mortgage banker
[01:23:19.000 --> 01:23:27.000]  Would be the interest that they charge for having them to use their credit line for a period of time
[01:23:27.000 --> 01:23:30.000]  While they hold your money
[01:23:30.000 --> 01:23:37.000]  Yeah, that's the number of days that's in, I think, section 900
[01:23:37.000 --> 01:23:41.000]  Where it says so much interest for X number of days is Y amount of
[01:23:41.000 --> 01:23:43.000]  Yeah
[01:23:43.000 --> 01:23:49.000]  That's not the ones I'm thinking. Those I pretty well figure they'll handle
[01:23:49.000 --> 01:23:53.000]  The appraisal fee, they'll be able to prove that up easy enough
[01:23:53.000 --> 01:24:02.000]  The underwriting fee, maybe. If the underwriting fee was done by a third party, maybe
[01:24:02.000 --> 01:24:07.000]  But if it's done in-house, normal part would be doing business
[01:24:07.000 --> 01:24:14.000]  Administration fee, normal part of doing business, unless they paid a third party broker to do their administration
[01:24:14.000 --> 01:24:20.000]  That's bogus. Processing fee, bogus
[01:24:20.000 --> 01:24:27.000]  Well, those kind of things are going to depend really on whether or not this is a mortgage banker who did the loan
[01:24:27.000 --> 01:24:34.000]  Meaning they're funding the loan out of their own credit line and then selling it later
[01:24:34.000 --> 01:24:41.000]  Or if they're a mortgage broker who is strictly just a paperwork guy
[01:24:41.000 --> 01:24:45.000]  See, the mortgage broker never puts their own money into a deal
[01:24:45.000 --> 01:24:50.000]  But the mortgage banker is the one who's got the $50 million credit line, let's say
[01:24:50.000 --> 01:24:57.000]  Right, the banker is the one we want, the lender. The broker is not the one we're after. We're after the lender
[01:24:57.000 --> 01:25:04.000]  If the broker gets more than 1% from the lender, and I mentioned this to someone who's a good friend of mine
[01:25:04.000 --> 01:25:11.000]  And she was a mortgage broker for, I don't want to say how long, she might get mad at me
[01:25:11.000 --> 01:25:17.000]  But she was astounded when I said 1%
[01:25:17.000 --> 01:25:23.000]  She had no idea. She said I'd never come away from the table without 2% or 3%
[01:25:23.000 --> 01:25:27.000]  Said I couldn't afford to do a loan because it's so much work
[01:25:27.000 --> 01:25:31.000]  Well, here's what the key issue is in that statement
[01:25:31.000 --> 01:25:36.000]  It's not the amount of money she's paid, it's whether it was disclosed or not
[01:25:36.000 --> 01:25:44.000]  Exactly. Well, actually, Regulation Z only allows 1%
[01:25:44.000 --> 01:25:48.000]  Specific, 1%, period
[01:25:48.000 --> 01:25:54.000]  And that's what the loan origination fee always is, 1% because that goes to the broker
[01:25:54.000 --> 01:26:04.000]  I've got one with a loan origination fee of 1% and then it's like $1,000 and then a broker fee for $3,500
[01:26:04.000 --> 01:26:07.000]  Sure. Duh!
[01:26:07.000 --> 01:26:14.000]  Well, you know, things change over the years. I'm not going to tell you what they are today because they're always fluid
[01:26:14.000 --> 01:26:24.000]  But at some point, they were where if it's just disclosed and there was a proper Regulation Z statement
[01:26:24.000 --> 01:26:28.000]  That pretty much any fee is normal and approved
[01:26:28.000 --> 01:26:35.000]  In California, origination fees may go as high as 15 or 20 points
[01:26:35.000 --> 01:26:38.000]  For very small, very high-risk loans
[01:26:38.000 --> 01:26:48.000]  Yeah, and I think that's in Regulation Z, that the smaller loans, because it takes a certain amount of work
[01:26:48.000 --> 01:26:58.000]  Regardless that they can charge higher, but for close-ended mortgages, 1%, period
[01:26:58.000 --> 01:27:04.000]  Yeah, and also there's that other category of loans that you talked about and they're called purchase money loans
[01:27:04.000 --> 01:27:10.000]  That means that you use that loan to purchase a property specifically that you're going to live in that house
[01:27:10.000 --> 01:27:16.000]  Yeah, that's the only loans that I'm dealing with at the moment are consumer loans, not residential mortgages
[01:27:16.000 --> 01:27:17.000]  Right
[01:27:17.000 --> 01:27:23.000]  That's the only one Regulation Z applies to
[01:27:23.000 --> 01:27:24.000]  Yeah
[01:27:24.000 --> 01:27:29.000]  Okay, we really need to move along. Do you have any more? We need to do a show with you
[01:27:29.000 --> 01:27:35.000]  I'll just say it. Everybody who gets a license, whether it's real estate license or a mortgage license
[01:27:35.000 --> 01:27:41.000]  They're very thoroughly schooled and tested for their knowledge
[01:27:41.000 --> 01:27:51.000]  Now, that doesn't mean they're confident, but what it means is that the state can prove that these people are not acting through ignorance
[01:27:51.000 --> 01:27:56.000]  They can come back to them and charge them for crimes
[01:27:56.000 --> 01:28:03.000]  Yeah, they're either know or are acting in reckless disregard
[01:28:03.000 --> 01:28:13.000]  Exactly. Listen, when I got a real estate broker license, I got like a college degree to even go take the test
[01:28:13.000 --> 01:28:19.000]  And I spent two solid days testing. I came out of there with my brain scrambled, but I passed it
[01:28:19.000 --> 01:28:25.000]  But really what they made me do is jump through all these hoops so that later on I could never say
[01:28:25.000 --> 01:28:28.000]  Oh, I didn't know
[01:28:28.000 --> 01:28:31.000]  Good. And we're not after any of them
[01:28:31.000 --> 01:28:39.000]  And frankly, when we make the accusations and the allegations, don't care if we can prove them up or not
[01:28:39.000 --> 01:28:47.000]  It's about giving them reason to come to the table with a deal that we can't pass up
[01:28:47.000 --> 01:28:51.000]  Because neither one of us really wants to go to court
[01:28:51.000 --> 01:28:55.000]  Well, here's something for you, Randy. I heard from a financial pundit
[01:28:55.000 --> 01:28:58.000]  I'm going to say this and then go. I know you got callers
[01:28:58.000 --> 01:29:07.000]  I heard from a big financial pundit the other day that the world is collapsing under debt
[01:29:07.000 --> 01:29:11.000]  Oh, we are well aware of that
[01:29:11.000 --> 01:29:15.000]  Yeah. It's not just US, not just US, but the world, okay?
[01:29:15.000 --> 01:29:19.000]  So I think you're going to be maybe the liberator
[01:29:19.000 --> 01:29:23.000]  Well, the bankers created this money out of the thin air
[01:29:23.000 --> 01:29:27.000]  Let's see if we can't send it back to the thin air it came from
[01:29:27.000 --> 01:29:31.000]  I like that. Thanks, Randy
[01:29:31.000 --> 01:29:33.000]  Okay, we're going to break
[01:29:33.000 --> 01:29:35.000]  We're going to break. Thank you, Ken
[01:29:35.000 --> 01:29:39.000]  All right. When we get back, we're going to go to David, then Dominic, then Gary
[01:29:39.000 --> 01:29:42.000]  We've got Gail. We'll try to get to everyone
[01:29:42.000 --> 01:29:45.000]  But as usual, everyone's calling in right at the last minute
[01:29:45.000 --> 01:29:49.000]  So we've got a half an hour left. We're going to David next
[01:29:49.000 --> 01:29:54.000]  We will be right back. This is the rule of law with Randy, Eddie, and Deborah
[01:29:59.000 --> 01:30:02.000]  Are you the plaintiff or defendant in a lawsuit?
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[01:31:24.000 --> 01:31:27.000]  They come from natural divinity
[01:31:27.000 --> 01:31:31.000]  They step past roots and authenticity
[01:31:31.000 --> 01:31:34.000]  To surrender dignity
[01:31:34.000 --> 01:31:37.000]  Rebuild the credibility
[01:31:37.000 --> 01:31:43.000]  And I say truth and nature must be justice I believe
[01:31:43.000 --> 01:31:49.000]  Truth and nature must be justice
[01:31:49.000 --> 01:31:53.700]  And though it's a daunting task, at least I've got the teeth to see
[01:31:53.700 --> 01:31:58.700]  I said, ma, but just take off the silly mask
[01:31:58.700 --> 01:32:01.400]  And in the light of day we all will fight
[01:32:01.400 --> 01:32:07.400]  We choose of ingenuity, we choose against the workers of iniquity
[01:32:07.400 --> 01:32:19.400]  We choose of ingenuity, we choose against the workers of iniquity
[01:32:37.400 --> 01:32:43.400]  We choose of ingenuity, we choose against the workers of iniquity
[01:33:08.400 --> 01:33:14.400]  And there's what Randy's been touching on is absolutely on the mark
[01:33:14.400 --> 01:33:19.400]  Except I got a few things to add in there
[01:33:19.400 --> 01:33:31.400]  Before the ink was dry on your mortgage papers, they have already created fraud
[01:33:31.400 --> 01:33:41.400]  If you look at your mortgage papers, it will talk about MERS on there
[01:33:41.400 --> 01:33:45.400]  Mortgage Electronic Registration System, okay?
[01:33:45.400 --> 01:33:55.400]  Now, it's just like Randy said, they are skipping assignment
[01:33:55.400 --> 01:34:03.400]  Recording of the assignment in the county where the property is, okay?
[01:34:03.400 --> 01:34:18.400]  They are breaking over 600 years of prediction, for one
[01:34:18.400 --> 01:34:27.400]  For two, beating the states out of all this revenue, or the counties rather
[01:34:27.400 --> 01:34:41.400]  And three, MERS has absolutely no right to assign anything
[01:34:41.400 --> 01:34:50.400]  Oh, MERS is not the one that's doing the assigning, they got people that don't have anything to do with MERS
[01:34:50.400 --> 01:34:55.400]  That claim to represent the holder of the security instrument
[01:34:55.400 --> 01:35:01.400]  The problem with MERS is, is you can find your servicer in MERS
[01:35:01.400 --> 01:35:07.400]  But I'm not interested in that, I want to know who owns the security
[01:35:07.400 --> 01:35:12.400]  It's the security that's required to be registered with the clerk
[01:35:12.400 --> 01:35:21.400]  Well, in a mortgage you have two documents
[01:35:21.400 --> 01:35:33.400]  One is your debt note, your promise to pay, and the security, which is the mortgage or deed of trust
[01:35:33.400 --> 01:35:36.400]  The document that establishes the lien
[01:35:36.400 --> 01:35:45.400]  Right, and what they've been doing is they have split them, okay?
[01:35:45.400 --> 01:35:56.400]  So on one hand you have an unsecured debt, and on the other hand you have a security with no debt
[01:35:56.400 --> 01:36:03.400]  Exactly, when the lender sold the note he received consideration, he was paid
[01:36:03.400 --> 01:36:08.400]  Right, right, and even if he didn't get paid as much as he put out
[01:36:08.400 --> 01:36:18.400]  He made an offer, he achieved acceptance, he accepted the consideration, he has no more claim
[01:36:18.400 --> 01:36:19.400]  Right
[01:36:19.400 --> 01:36:27.400]  And the reason I'm doing all these with the numbers is the more weight we put on them
[01:36:27.400 --> 01:36:35.400]  Even if it winds up in court, we have so many claims that this fraud and this fraud and this fraud and this fraud and this fraud
[01:36:35.400 --> 01:36:42.400]  And then we get down to the real ones, the standing, the fraud of, they've already been paid
[01:36:42.400 --> 01:36:47.400]  Now they're trying to steal the house, it's more likely they're going to lose this in the end
[01:36:47.400 --> 01:36:51.400]  Because the jury is going to have only so many no's in them
[01:36:51.400 --> 01:37:04.400]  Right, one thing real quick, I've been trying to get people to, under the UCC, okay?
[01:37:04.400 --> 01:37:13.400]  Title III, subsection 501, presentment, okay?
[01:37:13.400 --> 01:37:19.400]  Now they can do this if they are not in foreclosure
[01:37:19.400 --> 01:37:21.400]  Well that's the best time to do it
[01:37:21.400 --> 01:37:28.400]  In order for them to have standing or to be the real party in interest, they have to have the whole pie
[01:37:28.400 --> 01:37:38.400]  In other words, the deed of trust or the mortgage document and the promissory note, okay?
[01:37:38.400 --> 01:37:53.400]  Now under the UCC, they, if you request to examine the document, they must let you see it
[01:37:53.400 --> 01:37:55.400]  And not a copy of the document
[01:37:55.400 --> 01:37:56.400]  Right
[01:37:56.400 --> 01:38:00.400]  Because that's prima facie evidence that the document does in fact exist
[01:38:00.400 --> 01:38:01.400]  Right
[01:38:01.400 --> 01:38:10.400]  I suspect if I come down and you're selling a pistol for $100 and I give you a photocopy of the $100 bill
[01:38:10.400 --> 01:38:13.400]  You're not likely to want to accept that
[01:38:13.400 --> 01:38:17.400]  And I'm going to tell you, well that's proof that it exists
[01:38:17.400 --> 01:38:22.400]  You're going to say, well, produce it
[01:38:22.400 --> 01:38:26.400]  Yeah, you're right about that
[01:38:26.400 --> 01:38:30.400]  But yeah, it's nothing but fraud
[01:38:30.400 --> 01:38:32.400]  I mean, you're right about that
[01:38:32.400 --> 01:38:44.400]  And yeah, like I was saying, I'm trying to get people to, whenever they get the bill, every month that is a presentment
[01:38:44.400 --> 01:38:50.400]  So therefore you are allowed to examine the original promissory note
[01:38:50.400 --> 01:39:02.400]  And we're saying that before you can take an action or this goes to subject matter jurisdiction
[01:39:02.400 --> 01:39:08.400]  We claim that you don't have standing to take the action that you took
[01:39:08.400 --> 01:39:19.400]  Now what you have to do if you're the lender is show me a promissory note in your name and a lien document in your name
[01:39:19.400 --> 01:39:27.400]  So one of the things if we go to suit, we want to revoke power of attorney
[01:39:27.400 --> 01:39:35.400]  What that will do is stop them from being able to assign the security back to the lender
[01:39:35.400 --> 01:39:39.400]  Once you revoke power of attorney
[01:39:39.400 --> 01:39:44.400]  Now I know this has been going around to revoke power of attorney, but this one's very specific
[01:39:44.400 --> 01:39:48.400]  You fire the trustee for fraud, you don't just fire him out of hand
[01:39:48.400 --> 01:39:57.400]  You accuse him of fraud and not acting as a neutral party and revoke power of attorney
[01:39:57.400 --> 01:40:01.400]  So no one can sell that note now
[01:40:01.400 --> 01:40:07.400]  They can't sell it back to the lender so he has both and will have standing to move against the property
[01:40:07.400 --> 01:40:15.400]  And that's what the Supreme Court of Kansas said, once they separate them, they create this fatal flaw
[01:40:15.400 --> 01:40:19.400]  And we want to make sure it stays fatal
[01:40:19.400 --> 01:40:24.400]  Well, how can they sell something, Randy, that they don't have?
[01:40:24.400 --> 01:40:30.400]  Well, now what I'm saying is they buy it back from whoever currently has it
[01:40:30.400 --> 01:40:35.400]  If the original note even still exists
[01:40:35.400 --> 01:40:38.400]  Now there's a question as to whether it exists or not
[01:40:38.400 --> 01:40:46.400]  If you go to Mears' website and read why they were created
[01:40:46.400 --> 01:40:50.400]  It was to cut down on all the paperwork, okay?
[01:40:50.400 --> 01:41:02.400]  So that means that they scanned all the documents into their database and then they destroyed the originals
[01:41:02.400 --> 01:41:07.400]  That's what I had heard but I hadn't been able to confirm it
[01:41:07.400 --> 01:41:12.400]  Yeah, same here, same here
[01:41:12.400 --> 01:41:18.400]  But another thing is you're saying that they're buying them back
[01:41:18.400 --> 01:41:26.400]  But that's why you want to view the original promissory note
[01:41:26.400 --> 01:41:30.400]  You want to see the promissory note and any allonges
[01:41:30.400 --> 01:41:31.400]  Right, right
[01:41:31.400 --> 01:41:36.400]  Okay, let me explain for those who don't know what an allonge is
[01:41:36.400 --> 01:41:42.400]  If these documents change hands a number of times, you wind up getting so many signatures on it
[01:41:42.400 --> 01:41:45.400]  You don't have room to put any more signatures
[01:41:45.400 --> 01:41:53.400]  So if that happens, then they attach a document to it with the signature on it and that document is the allonge
[01:41:53.400 --> 01:41:55.400]  Right, right
[01:41:55.400 --> 01:42:01.400]  And it's only to be attached if there is no more room
[01:42:01.400 --> 01:42:02.400]  Yes
[01:42:02.400 --> 01:42:09.400]  If you get one and there's an allonge, hey, that's not the original
[01:42:09.400 --> 01:42:10.400]  Something's not right
[01:42:10.400 --> 01:42:13.400]  Yeah, that's a big red flag right there
[01:42:13.400 --> 01:42:15.400]  Right, right
[01:42:15.400 --> 01:42:18.400]  Okay, that's all I got to say for right now
[01:42:18.400 --> 01:42:20.400]  I'll get off and let the other callers on
[01:42:20.400 --> 01:42:22.400]  All right, thanks, David
[01:42:22.400 --> 01:42:23.400]  Thank you
[01:42:23.400 --> 01:42:27.400]  Okay, we're going now to Dominic in Texas
[01:42:27.400 --> 01:42:30.400]  Dominic, thanks for calling in. What's on your mind tonight?
[01:42:30.400 --> 01:42:32.400]  Thank you for taking my call. How are you all doing this evening?
[01:42:32.400 --> 01:42:33.400]  Pretty good
[01:42:33.400 --> 01:42:37.400]  That's good. I have a question here
[01:42:37.400 --> 01:42:49.400]  I was reading over the Texas Penal Code and I was looking up under the person, which means an individual, corporation, or association
[01:42:49.400 --> 01:42:56.400]  Which is number 38. Back on 26, it gives a definition of an individual, meaning a human being who is alive
[01:42:56.400 --> 01:43:03.400]  Including an unborn child at every age of gestation from fertilization until birth
[01:43:03.400 --> 01:43:08.400]  This is going to be different than the Transportation Code?
[01:43:08.400 --> 01:43:16.400]  Yes, if you'll look at that definition in the Penal Code, it specifically states, in this code
[01:43:16.400 --> 01:43:28.400]  Okay, so if the Penal Code were to have this other one, which it defines individual, then it would be individual like this one right here
[01:43:28.400 --> 01:43:38.400]  Where it says a person and it's an individual, so even though it's an individual, it's still like a live person plus corporation
[01:43:38.400 --> 01:43:45.400]  Their individual is specifically defined as a live person. It's not defined that way anywhere else
[01:43:45.400 --> 01:43:53.400]  Yes, and that should be noted. They know how to define it this way, but they specifically didn't in the Transportation Code
[01:43:53.400 --> 01:44:19.400]  Yes, stay on the line Dominic, we'll be right back
[01:44:23.400 --> 01:44:25.400]  How to answer letters and phone calls
[01:44:25.400 --> 01:44:27.400]  How to get debt collectors out of your credit report
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[01:44:59.400 --> 01:45:06.400]  You are listening to the Rule of Law Radio Network at RuleOfLawRadio.com
[01:45:06.400 --> 01:45:22.400]  Live free speech talk radio at its best
[01:45:36.400 --> 01:46:04.400]  The people come down from the hill
[01:46:04.400 --> 01:46:14.400]  Into the city they will shuffle
[01:46:14.400 --> 01:46:17.400]  Okay, we are back, we are speaking with Dominic
[01:46:17.400 --> 01:46:22.400]  And here's a question I think maybe for Eddie
[01:46:22.400 --> 01:46:25.400]  I would like to, Eddie, to comment on this
[01:46:25.400 --> 01:46:27.400]  You bring up a good point here, Dominic
[01:46:27.400 --> 01:46:31.400]  The penal code concerning the definition of individual
[01:46:31.400 --> 01:46:34.400]  Eddie, I think you were telling me at one point in time
[01:46:34.400 --> 01:46:37.400]  In these kinds of definitions
[01:46:37.400 --> 01:46:40.400]  Where there's a list of things
[01:46:40.400 --> 01:46:45.400]  That there's some case law that shows that everything in the list
[01:46:45.400 --> 01:46:50.400]  Has to be in the same class or is usually falls within the same class
[01:46:50.400 --> 01:46:52.400]  And that's how
[01:46:52.400 --> 01:46:55.400]  It's a rule of statutory construction is what it is
[01:46:55.400 --> 01:46:57.400]  It's called a justum generis
[01:46:57.400 --> 01:46:59.400]  Like things are listed together
[01:46:59.400 --> 01:47:03.400]  Well then how does that explain the definition of individual in the penal code
[01:47:03.400 --> 01:47:08.400]  When they have individual and then all these other things in a list
[01:47:08.400 --> 01:47:12.400]  But everything else in the list is a corporation or some kind of commercial entity
[01:47:12.400 --> 01:47:19.400]  They actually explain that in the how to read statutes or the legislative construction manual
[01:47:19.400 --> 01:47:23.400]  Where they tell them how to create law or how to read law
[01:47:23.400 --> 01:47:28.400]  It actually discusses that specific statute and definition out of the penal code
[01:47:28.400 --> 01:47:32.400]  And what it's telling you is that they had to name it
[01:47:32.400 --> 01:47:34.400]  They had to do it that way
[01:47:34.400 --> 01:47:41.400]  So that the individual standing in representation of a corporation could be charged
[01:47:41.400 --> 01:47:45.400]  That's exactly the explanation they give for that statute
[01:47:45.400 --> 01:47:48.400]  In the statutory construction manual
[01:47:48.400 --> 01:47:50.400]  Well so what are you saying?
[01:47:50.400 --> 01:47:54.400]  Is this like some kind of an exception to the rule that in this
[01:47:54.400 --> 01:47:58.400]  It in fact goes in complete compliance with the rule
[01:47:58.400 --> 01:48:04.400]  The individual, okay, they can't charge the corporation with an offense
[01:48:04.400 --> 01:48:09.400]  They have to charge the individual that acted on behalf of the corporation with an offense
[01:48:09.400 --> 01:48:11.400]  Okay
[01:48:11.400 --> 01:48:19.400]  They couldn't do that unless the individual was defined as someone that was susceptible to that charge
[01:48:19.400 --> 01:48:27.400]  Which would be in this case the natural person that's acting on the behalf of the legal entity
[01:48:27.400 --> 01:48:30.400]  See a corporation can't appear in court
[01:48:30.400 --> 01:48:33.400]  It's got to have representation
[01:48:33.400 --> 01:48:36.400]  A corporation can't act on its own
[01:48:36.400 --> 01:48:39.400]  It's got to have a living person doing it on its behalf
[01:48:39.400 --> 01:48:43.400]  Right
[01:48:43.400 --> 01:48:45.400]  And that's what this is getting into
[01:48:45.400 --> 01:48:49.400]  That's why individual in that instance is defined the way it is
[01:48:49.400 --> 01:48:54.400]  And like I said they explain that in the statutory construction manual
[01:48:54.400 --> 01:48:55.400]  Okay
[01:48:55.400 --> 01:48:59.400]  Or the legislature
[01:48:59.400 --> 01:49:02.400]  Yeah because that's where I was going with it
[01:49:02.400 --> 01:49:10.400]  Because Dominic aren't there other things in the list that are not in the classification of a human being?
[01:49:10.400 --> 01:49:15.400]  No, there's the definition of person and then there's a definition of individual
[01:49:15.400 --> 01:49:16.400]  Okay
[01:49:16.400 --> 01:49:19.400]  The term person contains individual
[01:49:19.400 --> 01:49:20.400]  Right, okay
[01:49:20.400 --> 01:49:25.400]  But why wouldn't they have to do that in the transportation code?
[01:49:25.400 --> 01:49:29.400]  Why would the transportation code just have to have persons?
[01:49:29.400 --> 01:49:35.400]  Because in the transportation code they're referring to one of these
[01:49:35.400 --> 01:49:39.400]  Not a living entity working on behalf of one of these
[01:49:39.400 --> 01:49:42.400]  But one of these
[01:49:42.400 --> 01:49:44.400]  That's what the individual part there means
[01:49:44.400 --> 01:49:50.400]  It means a singular instance instead of a group or multiple choice instance
[01:49:50.400 --> 01:49:53.400]  Yes, I understand exactly what you're saying
[01:49:53.400 --> 01:50:02.400]  But the thing is one of these it's still going to have to be a person, an individual, a human being
[01:50:02.400 --> 01:50:06.400]  No, one of these in that case would be the corporation itself
[01:50:06.400 --> 01:50:11.400]  For instance the corporation has to have the licensed driver
[01:50:11.400 --> 01:50:18.400]  Now the individual acting on behalf of that corporation is susceptible to the need of the license
[01:50:18.400 --> 01:50:23.400]  Okay, if you look at it it's mixed in the way it can be used
[01:50:23.400 --> 01:50:24.400]  Okay
[01:50:24.400 --> 01:50:29.400]  When they say that the corporation owns the vehicle, well that's true
[01:50:29.400 --> 01:50:32.400]  The individual doesn't, the corporation does
[01:50:32.400 --> 01:50:34.400]  One of these owns it
[01:50:34.400 --> 01:50:37.400]  Okay, I see said the blind man
[01:50:37.400 --> 01:50:45.400]  It's confusing, I'll agree, it's absolutely confusing as he picked up his hammer and saw
[01:50:45.400 --> 01:50:58.400]  Yes, because the other place I was going with this is because since individual is so clearly defined as even an unborn child of every stage of gestation
[01:50:58.400 --> 01:51:04.400]  Yes, but then it specifically limits those definitions to that code
[01:51:04.400 --> 01:51:14.400]  Of course in the transfer and this penal code where it says like murder or killing somebody or whatever is illegal
[01:51:14.400 --> 01:51:21.400]  Being that person or individual is defined in this manner, wouldn't that make abortion clinics illegal?
[01:51:21.400 --> 01:51:26.400]  Because they are taking the life of somebody that is in any
[01:51:26.400 --> 01:51:29.400]  Well, they've done that by dehumanizing the fetus
[01:51:29.400 --> 01:51:34.400]  See here they want to say it's a crime to do it if you don't have government sanctioned permission
[01:51:34.400 --> 01:51:41.400]  That's essentially what it boils down to
[01:51:41.400 --> 01:51:48.400]  Because notice they said at any point of gestation is a fetus that would be an individual
[01:51:48.400 --> 01:51:52.400]  Yes, an individual from fertilization until birth
[01:51:52.400 --> 01:52:01.400]  Yes, and yet they want to say it's not murder to have an abortion just because the state said it's okay
[01:52:01.400 --> 01:52:03.400]  Yes, just because they're getting money
[01:52:03.400 --> 01:52:07.400]  There you go, federal funding to do it
[01:52:07.400 --> 01:52:08.400]  I'm sorry, go ahead
[01:52:08.400 --> 01:52:10.400]  Federal funding to do it
[01:52:10.400 --> 01:52:12.400]  Yes, money speaks
[01:52:12.400 --> 01:52:18.400]  Like I said, I appreciate it, I'm not going to take up too much time, I should have called earlier
[01:52:18.400 --> 01:52:23.400]  So I'll do it next time, but you all have a good evening, I'll let somebody else get off
[01:52:23.400 --> 01:52:26.400]  Okay, all right, thanks Dominic
[01:52:26.400 --> 01:52:27.400]  Bye-bye
[01:52:27.400 --> 01:52:30.400]  Okay, we are going to Gail in Minnesota now
[01:52:30.400 --> 01:52:33.400]  Okay, Gail, thanks for calling in, what's on your mind tonight?
[01:52:33.400 --> 01:52:38.400]  We have about five and a half minutes
[01:52:38.400 --> 01:52:42.400]  Is Gail there?
[01:52:42.400 --> 01:52:46.400]  Okay, I guess Gail dropped off
[01:52:46.400 --> 01:52:49.400]  Okay, Gail, if you're out there listening, call back in
[01:52:49.400 --> 01:52:54.400]  Or we had Gary from Texas that tried to call in and drop off a couple of times
[01:52:54.400 --> 01:52:59.400]  Call back in, we've got a few minutes left
[01:52:59.400 --> 01:53:04.400]  All right, so Randy, plug your website one more time please for us
[01:53:04.400 --> 01:53:09.400]  Yes, it's remediesinrealestate.com
[01:53:09.400 --> 01:53:16.400]  You go there and you fill out the, go to the data input page and just fill out that document
[01:53:16.400 --> 01:53:20.400]  And I'll get you a qualified written request
[01:53:20.400 --> 01:53:24.400]  That's Kikputa
[01:53:24.400 --> 01:53:26.400]  We can't say the other part on the air
[01:53:26.400 --> 01:53:30.400]  Okay, good, good deal
[01:53:30.400 --> 01:53:38.400]  And Ken, I'd like to look forward, I'd look forward to talking to him again because
[01:53:38.400 --> 01:53:43.400]  I want to find out what all the tricks and traps are
[01:53:43.400 --> 01:53:47.400]  And so far we're finding that there are a lot of them
[01:53:47.400 --> 01:53:52.400]  That this lending scheme is extremely sophisticated
[01:53:52.400 --> 01:53:56.400]  And I think most of the reason that it became so sophisticated
[01:53:56.400 --> 01:54:00.400]  Is that most of the people involved in it
[01:54:00.400 --> 01:54:04.400]  Really don't think of what they're doing as a scheme
[01:54:04.400 --> 01:54:09.400]  They think that they do, they just think we're not going to catch them
[01:54:09.400 --> 01:54:14.400]  Well, we have ordinary people doing these things
[01:54:14.400 --> 01:54:19.400]  That when we look at the statute, they're absolutely forbidden
[01:54:19.400 --> 01:54:25.400]  We have some more callers, Randy, we should probably take some calls before we run out of time here
[01:54:25.400 --> 01:54:29.400]  I think that the people sitting behind the desk that you talk to when you go to get a loan
[01:54:29.400 --> 01:54:33.400]  Have no idea what they're doing, but guaranteed the people that wrote the papers know exactly what they're doing
[01:54:33.400 --> 01:54:35.400]  That's the ones I'm after
[01:54:35.400 --> 01:54:37.400]  Okay, we're going to Mary in Texas
[01:54:37.400 --> 01:54:39.400]  Mary, thanks for calling in, what's on your mind tonight?
[01:54:39.400 --> 01:54:41.400]  Oh, wonderful show
[01:54:41.400 --> 01:54:42.400]  Thank you
[01:54:42.400 --> 01:54:44.400]  Guess what I just bought
[01:54:44.400 --> 01:54:45.400]  What?
[01:54:45.400 --> 01:54:46.400]  A house
[01:54:46.400 --> 01:54:47.400]  Jurisdictionary
[01:54:47.400 --> 01:54:49.400]  Yay
[01:54:49.400 --> 01:54:54.400]  I bought it from Aldozo who started the Jurisdictionary study class
[01:54:54.400 --> 01:54:59.400]  And we've been meeting several months, maybe up to a year now
[01:54:59.400 --> 01:55:04.400]  And lately it breaks new books every Tuesday from 7 to 9
[01:55:04.400 --> 01:55:09.400]  And everybody is welcome to come
[01:55:09.400 --> 01:55:14.400]  Yes, and you can actually read Jurisdictionary
[01:55:14.400 --> 01:55:17.400]  If you were an attorney, you couldn't
[01:55:17.400 --> 01:55:23.400]  Because Dr. Graves wrote it for an eighth grader
[01:55:23.400 --> 01:55:25.400]  Well, it's still a little complicated for me yet
[01:55:25.400 --> 01:55:32.400]  So hopefully I'll breeze through it, but some of the concepts are just kind of new and some of the phrases
[01:55:32.400 --> 01:55:34.400]  But I encourage everyone to buy it
[01:55:34.400 --> 01:55:40.400]  And so I had a field trip with the Jurisdictionary group and we went to the Clark Law Library
[01:55:40.400 --> 01:55:43.400]  Which is right across from the State Bar of Texas
[01:55:43.400 --> 01:55:48.400]  And some of us got free library cards there
[01:55:48.400 --> 01:55:53.400]  And again, that's right by the Capitol right across from the State Bar of Texas
[01:55:53.400 --> 01:55:56.400]  Okay, is that the one that's in the basement?
[01:55:56.400 --> 01:55:57.400]  Yeah, it's in the basement
[01:55:57.400 --> 01:56:00.400]  It's on the side of the hill, so part of it's the basement
[01:56:00.400 --> 01:56:02.400]  And then the other time it looks like it's the first floor
[01:56:02.400 --> 01:56:04.400]  But yeah, it's the basement
[01:56:04.400 --> 01:56:09.400]  Well, I figured if there was a State Bar it would be hanging out there all the time
[01:56:09.400 --> 01:56:12.400]  It's a very beautiful, comfortable place
[01:56:12.400 --> 01:56:14.400]  And I hope we all can start hanging out there more
[01:56:14.400 --> 01:56:18.400]  Everybody can drop on by and pick up some of the forms
[01:56:18.400 --> 01:56:24.400]  That will give you a nice envelope with a bar grievance and a procedure and a list everything
[01:56:24.400 --> 01:56:29.400]  Like their oaths and stuff you were talking about, Randy, recently
[01:56:29.400 --> 01:56:31.400]  Yes
[01:56:31.400 --> 01:56:37.400]  So I encourage people to get out there, get their library cards at Clark Law Library
[01:56:37.400 --> 01:56:38.400]  It's an excellent facility
[01:56:38.400 --> 01:56:41.400]  I guess it's mostly used by the prosecutors and whatnot
[01:56:41.400 --> 01:56:45.400]  I believe it's right below the Supreme Court of Texas?
[01:56:45.400 --> 01:56:50.400]  Yes, it is, Supreme Court and Court of Criminal Appeals are both upstairs
[01:56:50.400 --> 01:56:52.400]  So I encourage everybody to get out there
[01:56:52.400 --> 01:56:56.400]  They also have free classes of Westlaw once a month
[01:56:56.400 --> 01:57:00.400]  The law library at UT stays open until 12 o'clock at night
[01:57:00.400 --> 01:57:13.400]  And if you want a free library card at the UT Law Library, which is open to the public, you can get on the text share
[01:57:13.400 --> 01:57:20.400]  So if you have a library card staying in Austin City, you can take that card, go to the library where you got it,
[01:57:20.400 --> 01:57:23.400]  and ask them to add you to the text share program
[01:57:23.400 --> 01:57:28.400]  It's a consortium, but you have to go to your, like, mother library
[01:57:28.400 --> 01:57:35.400]  And otherwise it's $75 a year to get it there with the Tarleton Library
[01:57:35.400 --> 01:57:40.400]  So I just encourage everybody to come out to this dictionary
[01:57:40.400 --> 01:57:41.400]  I thank you all so much
[01:57:41.400 --> 01:57:46.400]  I might have to start staying home now on Friday night so I can learn all this cool stuff
[01:57:46.400 --> 01:57:50.400]  And I thank you all for having it live and everything
[01:57:50.400 --> 01:57:55.400]  Oh, thank you, Mary
[01:57:55.400 --> 01:57:56.400]  Thank you for calling in
[01:57:56.400 --> 01:57:59.400]  Thank you for being such a big supporter of the network
[01:57:59.400 --> 01:58:02.400]  We appreciate it
[01:58:02.400 --> 01:58:04.400]  Mary's one of our best supporters
[01:58:04.400 --> 01:58:06.400]  Yes, indeed, and she's a member of Vote Rescue
[01:58:06.400 --> 01:58:09.400]  I'm a member of Vote Rescue too, a fellow Vote Rescuer
[01:58:09.400 --> 01:58:11.400]  Yes, ma'am, VoteRescue.org
[01:58:11.400 --> 01:58:13.400]  VoteRescue.org
[01:58:13.400 --> 01:58:16.400]  Okay, we're at the end of the show, folks
[01:58:16.400 --> 01:58:22.400]  Tune back in Monday night for Eddie's night to discuss some more traffic issues
[01:58:22.400 --> 01:58:28.400]  And also don't forget Gary Johnson, 8 p.m. Central Time on Sunday evenings, Live and Let Live
[01:58:28.400 --> 01:58:31.400]  Great show, he's a longtime seasons broadcaster
[01:58:31.400 --> 01:58:37.400]  He's taking his TV show into the radio world, highly recommend all of his archives
[01:58:37.400 --> 01:58:39.400]  He's interviewed Barry Goldwater, Jr.
[01:58:39.400 --> 01:58:45.400]  He's done some really great interviews of a lot of really important people
[01:58:45.400 --> 01:58:51.400]  So definitely check out the archives of his show and the other archives of the shows here on Rule of Law Radio Network
[01:58:51.400 --> 01:58:53.400]  We will be back Monday night
[01:58:53.400 --> 01:58:55.400]  Thanks, folks
[01:58:55.400 --> 01:59:13.400]  I'm like a stepping craze, I don't know what's my size, I'm dangerous, dangerous
[01:59:13.400 --> 01:59:41.400]  I'm like a stepping craze, I don't know what's my size, I'm dangerous, dangerous
[01:59:41.400 --> 01:59:57.400]  I'm like a stepping craze, I don't know what's my size, I'm dangerous, dangerous