ROL_2012-09-27_16k.timecode

[00:00.000 --> 00:10.000]  China has nearly unlimited access to our telecommunications networks, and that puts us at risk for sabotage.
[00:10.000 --> 00:15.000]  I'm Dr. Cameron Albrecht. Back with more on China's covert spy program next.
[00:15.000 --> 00:21.000]  Privacy is under attack. When you give up data about yourself, you'll never get it back again.
[00:21.000 --> 00:26.000]  And once your privacy is gone, you'll find your freedoms will start to vanish too.
[00:26.000 --> 00:31.000]  So protect your rights. Say no to surveillance and keep your information to yourself.
[00:31.000 --> 00:34.000]  Privacy. It's worth hanging on to.
[00:34.000 --> 00:41.000]  This message is brought to you by StartPage.com, the private search engine alternative to Google, Yahoo, and Bing.
[00:41.000 --> 00:44.000]  Start over with StartPage.
[00:44.000 --> 00:49.000]  When the media covers foreign threats, it generally spotlights the Middle East.
[00:49.000 --> 00:54.000]  But experts say China poses a bigger threat, not only because of massive military buildup,
[00:54.000 --> 00:59.000]  but because Beijing now has access to 80% of the world's communications.
[00:59.000 --> 01:06.000]  Chinese companies like Huawei Technologies and ZTE service 45 of the world's 50 largest telecoms.
[01:06.000 --> 01:10.000]  That means China can conduct industrial espionage,
[01:10.000 --> 01:17.000]  and it could allow the People's Liberation Army to disable our communications and defense systems for an attack.
[01:17.000 --> 01:20.000]  China has said its military wants cyber superiority.
[01:20.000 --> 01:23.000]  I say it's time to stop letting them tap our phones.
[01:23.000 --> 01:28.000]  I'm Dr. Catherine Albrecht for StartPage.com, the world's most private search engine.
[01:35.000 --> 01:38.000]  When a cat gets stuck in a tree, you get out the ladder.
[01:38.000 --> 01:41.000]  But what do you do if the critter is a drunken moose?
[01:41.000 --> 01:43.000]  I'm Dr. Catherine Albrecht.
[01:43.000 --> 01:46.000]  Back to tell you how one man handled what is our dilemma.
[01:46.000 --> 01:47.000]  Next.
[01:47.000 --> 01:53.000]  Privacy is under attack. When you give up data about yourself, you'll never get it back again.
[01:53.000 --> 01:58.000]  And once your privacy is gone, you'll find your freedoms will start to vanish too.
[01:58.000 --> 02:03.000]  So protect your rights. Say no to surveillance and keep your information to yourself.
[02:03.000 --> 02:06.000]  Privacy. It's worth hanging on to.
[02:06.000 --> 02:13.000]  This message is brought to you by StartPage.com, the private search engine alternative to Google, Yahoo, and Bing.
[02:13.000 --> 02:17.000]  Start over with StartPage.
[02:17.000 --> 02:20.000]  Here's a tale of a sweet, an apple tree, and a moose.
[02:20.000 --> 02:26.000]  It begins with Per Johansen of Sorrow, Sweden, who heard a roar one night from his neighbor's yard.
[02:26.000 --> 02:34.000]  With his neighbor on vacation, Johansen crept next door, where he spied a full-grown moose, dangling from the branches of an apple tree.
[02:34.000 --> 02:37.000]  Apparently tipsy on fermented apples.
[02:37.000 --> 02:41.000]  So what do you do when you see bullwinkle drunk as a skunk in your neighbor's tree?
[02:41.000 --> 02:48.000]  Johansen got a buzz saw. Not to harm the critter, but just to cut enough branches till the moose came crashing down.
[02:48.000 --> 02:52.000]  We still don't know how he got up there. I'll leave that to your imagination.
[02:52.000 --> 03:12.000]  I'm Dr. Cameron Albrecht for StartPage.com, the world's most private search engine.
[03:22.000 --> 03:33.000]  What you gonna do? What you gonna do? Bad boys, bad boys. What you gonna do? What you gonna do when they come for you?
[03:33.000 --> 03:39.000]  Bad boys, bad boys. What you gonna do? What you gonna do when they come for you?
[03:39.000 --> 03:44.000]  When you were eight and you had bad trees, you go to school and learn the golden rules.
[03:44.000 --> 03:52.000]  So why are you acting like a bloody booth, eating a chicken and taking a muck like crew? Bad boys, bad boys.
[03:52.000 --> 03:57.000]  What you gonna do? What you gonna do when they come for you? Bad boys, bad boys.
[03:57.000 --> 04:01.000]  What you gonna do? What you gonna do when they come for you?
[04:01.000 --> 04:04.000]  And you took it on that one, you took it on this one.
[04:04.000 --> 04:25.160]  Bad boys, bad boys are here, this is Randy Kelton,
[04:25.160 --> 04:29.160]  Bad boys, bad boys are here, this is Randy Kelton,
[04:29.160 --> 04:31.160]  Debra Steuben here to bring you the radio.
[04:31.160 --> 04:36.160]  It is Thursday, the 28th of September.
[04:36.160 --> 04:41.160]  On the second segment, we're going to have a guest,
[04:41.160 --> 04:44.160]  Fatty Arnie, we've had him before.
[04:44.160 --> 04:47.160]  He has a company that does securities audits,
[04:47.160 --> 04:50.160]  and he is extremely knowledgeable.
[04:50.160 --> 04:57.160]  The last time he talked about the banks and how they've,
[04:57.160 --> 05:02.160]  the research he's been doing into the money laundering,
[05:02.160 --> 05:07.160]  and various other aspects of what the banks were doing.
[05:07.160 --> 05:08.160]  We're going to talk to him tonight,
[05:08.160 --> 05:11.160]  and I want to get his take on some of the issues
[05:11.160 --> 05:15.160]  that we've sorted out of the deed of trust.
[05:15.160 --> 05:18.160]  But he won't be here in the second segment.
[05:18.160 --> 05:22.160]  There was something I wanted to talk about.
[05:22.160 --> 05:28.160]  Every once in a while, I have these epiphanies.
[05:28.160 --> 05:30.160]  I take stuff for it, and it's getting better,
[05:30.160 --> 05:32.160]  but I keep having them.
[05:32.160 --> 05:40.160]  And I was reading some discovery from a lawyer in Florida,
[05:40.160 --> 05:47.160]  and on reading the discovery, something sort of jumped out at me.
[05:47.160 --> 05:55.160]  A Washington Mutual Bank was shut down in 08
[05:55.160 --> 05:59.160]  for laundering money for drug cartels.
[05:59.160 --> 06:06.160]  And we're hearing rumblings of Wells Fargo and Bank of America
[06:06.160 --> 06:12.160]  being investigated for essentially the same thing.
[06:12.160 --> 06:22.160]  And something very sinister seemed to occur to me
[06:22.160 --> 06:26.160]  based on all of these things that are going on.
[06:26.160 --> 06:32.160]  We have all these mortgage companies from 2000 up,
[06:32.160 --> 06:35.160]  or a mortgage company would go into business,
[06:35.160 --> 06:39.160]  operate a year or two, and then bankrupt.
[06:39.160 --> 06:43.160]  During a period where mortgage companies were writing more loans
[06:43.160 --> 06:49.160]  than ever in history, and writing more profitable loans
[06:49.160 --> 06:52.160]  than ever in history, that I've been wanting.
[06:52.160 --> 06:54.160]  What in the heck is going on here?
[06:54.160 --> 06:58.160]  These guys are writing loans hand over fist,
[06:58.160 --> 07:01.160]  and they're going out of business.
[07:01.160 --> 07:06.160]  Well, a while back, I came across an article on that,
[07:06.160 --> 07:11.160]  and an economist had looked at that issue,
[07:11.160 --> 07:17.160]  and it was his consideration that the mortgage companies
[07:17.160 --> 07:20.160]  were not actually a mortgage company.
[07:20.160 --> 07:24.160]  They were mortgage companies, but weren't actually funding any loans.
[07:24.160 --> 07:29.160]  It was the special purpose vehicle who was funding the loans,
[07:29.160 --> 07:31.160]  and they set up the mortgage companies.
[07:31.160 --> 07:35.160]  They got all this funding, they set up the mortgage companies,
[07:35.160 --> 07:40.160]  the mortgage companies wrote these creditory, highly profitable notes,
[07:40.160 --> 07:47.160]  and then they transferred the note to the special purpose vehicle.
[07:47.160 --> 07:51.160]  Everybody talks about the lender selling the note.
[07:51.160 --> 07:53.160]  Well, he didn't do any such thing.
[07:53.160 --> 07:57.160]  He didn't sell the note because he never owned the note.
[07:57.160 --> 08:00.160]  He never owned it because he never had a dime in it.
[08:00.160 --> 08:06.160]  He was merely a front for the real investor, the SBV.
[08:06.160 --> 08:13.160]  So all the lender did was convert the note into,
[08:13.160 --> 08:18.160]  well, create a security based on the note,
[08:18.160 --> 08:32.160]  and then file the, negotiated the security into a pool,
[08:32.160 --> 08:35.160]  and then bundle the pools,
[08:35.160 --> 08:41.160]  and negotiated those into a special purpose vehicle.
[08:41.160 --> 08:45.160]  The special purpose, I'm sorry, I'm trying to do two things at once.
[08:45.160 --> 08:48.160]  I just had to reload my whole system,
[08:48.160 --> 08:52.160]  and I don't have all my sounds turned off.
[08:52.160 --> 08:54.160]  There we go.
[08:54.160 --> 08:58.160]  I used to be really good at multitasking,
[08:58.160 --> 09:03.160]  but when you get old, I think that's one of the first things to go.
[09:03.160 --> 09:05.160]  Okay, I've got my sound shut off you.
[09:05.160 --> 09:07.160]  I should stop making those funny noises.
[09:07.160 --> 09:13.160]  Okay, the lender is an issuer for Ginny May,
[09:13.160 --> 09:16.160]  and a compliance officer for Ginny May.
[09:16.160 --> 09:18.160]  So the lender writes the note,
[09:18.160 --> 09:23.160]  then sends documentation to the document custodian
[09:23.160 --> 09:25.160]  who certifies the note to Ginny May
[09:25.160 --> 09:29.160]  that it meets all the requirements of the pool,
[09:29.160 --> 09:32.160]  and then the lender creates the pool,
[09:32.160 --> 09:35.160]  and then the lender, as an issuer for Ginny May,
[09:35.160 --> 09:39.160]  issues a security.
[09:39.160 --> 09:43.160]  And it's a little bit confusing here, because we have a deed of trust
[09:43.160 --> 09:47.160]  that is a security instrument for the note.
[09:47.160 --> 09:54.160]  And we have a security that the lender created
[09:54.160 --> 10:02.160]  and used the note as collateral for the security he created.
[10:02.160 --> 10:04.160]  So it gets a little confusing here.
[10:04.160 --> 10:08.160]  We have the deed of trust, which is a security instrument for the note.
[10:08.160 --> 10:12.160]  Which is a security instrument for the security instrument.
[10:12.160 --> 10:15.160]  Now, I hope that makes sense.
[10:15.160 --> 10:18.160]  It's just a problem with how they name things.
[10:18.160 --> 10:21.160]  That security instrument, we could call it a bond.
[10:21.160 --> 10:27.160]  The note is collateral for the bond that is created
[10:27.160 --> 10:30.160]  based on the residence of mortgage.
[10:30.160 --> 10:34.160]  It is the bond or the security instrument
[10:34.160 --> 10:38.160]  that goes to the pass-through trust
[10:38.160 --> 10:40.160]  by way of the special-purpose vehicle.
[10:40.160 --> 10:43.160]  And then we've got all these rumblings
[10:43.160 --> 10:50.160]  that the notes were bundled into a special-purpose vehicle
[10:50.160 --> 10:54.160]  and then were sold to long-term investments,
[10:54.160 --> 10:56.160]  primarily our retirement funds.
[10:56.160 --> 10:58.160]  And then we get all these rumblings
[10:58.160 --> 11:01.160]  that they never transferred the notes in there to start with.
[11:01.160 --> 11:09.160]  And all of these pieces started falling very uncomfortably into place.
[11:09.160 --> 11:15.160]  It looks like it never was the banks
[11:15.160 --> 11:17.160]  who were funding these notes to start with.
[11:17.160 --> 11:20.160]  It was the drug cartels.
[11:20.160 --> 11:28.160]  And they were using these notes as a means of laundering their ill-gotten funds.
[11:28.160 --> 11:33.160]  They have this unreportable income.
[11:33.160 --> 11:40.160]  And they provided to the SPV to fund loans with.
[11:40.160 --> 11:46.160]  Then the income from the loans come back to them as laundered money.
[11:46.160 --> 11:48.160]  And the problem with these guys are,
[11:48.160 --> 11:52.160]  is they are lying, even scoundrels.
[11:52.160 --> 11:57.160]  And they just cannot help themselves.
[11:57.160 --> 12:00.160]  This long money laundering scheme,
[12:00.160 --> 12:03.160]  it laundered their dirty money for them,
[12:03.160 --> 12:12.160]  but when they sold the notes to the Pashto Trust,
[12:12.160 --> 12:17.160]  they just couldn't bring themselves to put them in there.
[12:17.160 --> 12:20.160]  So they kept them.
[12:20.160 --> 12:22.160]  They got paid for them,
[12:22.160 --> 12:29.160]  but they simply lied to the investors and didn't put the notes in the pool.
[12:29.160 --> 12:33.160]  And now we have the same banks
[12:33.160 --> 12:37.160]  that helped these guys launder that dirty money,
[12:37.160 --> 12:44.160]  now come back and try to foreclose themselves.
[12:44.160 --> 12:50.160]  You see, if they negotiated that note into a pool,
[12:50.160 --> 12:52.160]  everybody's saying,
[12:52.160 --> 12:55.160]  well, all these investors wouldn't have authority to foreclose.
[12:55.160 --> 12:56.160]  No, they wouldn't.
[12:56.160 --> 13:02.160]  But the trustee of the Pashto Trust would have authority to foreclose,
[13:02.160 --> 13:07.160]  no matter how many tranches that trust had been chopped into.
[13:07.160 --> 13:10.160]  He still stands in front and under law,
[13:10.160 --> 13:14.160]  he could foreclose wisely.
[13:14.160 --> 13:19.160]  He stopped foreclosing on these because they never were put in the trust.
[13:19.160 --> 13:22.160]  They sold them to the trust,
[13:22.160 --> 13:25.160]  but they never put them in there.
[13:25.160 --> 13:31.160]  And that's why they're not coming up with the original documents.
[13:31.160 --> 13:33.160]  They come up with the original documents,
[13:33.160 --> 13:35.160]  and the investors are going to say,
[13:35.160 --> 13:37.160]  wait a minute guys,
[13:37.160 --> 13:42.160]  that is supposed to be in our pool.
[13:42.160 --> 13:45.160]  And they know where it's at.
[13:45.160 --> 13:49.160]  Document custodian has it.
[13:49.160 --> 13:53.160]  Everything, all of the procedures direct the note
[13:53.160 --> 13:58.160]  and all of the documents in the loan process to a document custodian,
[13:58.160 --> 14:03.160]  and that is generally the loan servicer.
[14:03.160 --> 14:05.160]  He's got it.
[14:05.160 --> 14:11.160]  I just looked at a case today where the note was transferred,
[14:11.160 --> 14:15.160]  assigned to JPMorgan Chase,
[14:15.160 --> 14:18.160]  or Chase Home Finance,
[14:18.160 --> 14:21.160]  Chase Home Finance foreclosed,
[14:21.160 --> 14:26.160]  and then Chase Home Finance bought it back.
[14:26.160 --> 14:30.160]  They cannot let this thing get loose.
[14:30.160 --> 14:33.160]  They have to keep control of it.
[14:33.160 --> 14:40.160]  Otherwise, it's likely to come out that the whole thing was a massive fraud
[14:40.160 --> 14:45.160]  for the purpose of laundering drug money to start with.
[14:45.160 --> 14:51.160]  Now that raises a serious question on the front end.
[14:51.160 --> 14:57.160]  When I go sit down at the table to write a loan,
[14:57.160 --> 15:01.160]  I'm a little, I'm not terribly particular about
[15:01.160 --> 15:04.160]  who I go into business with,
[15:04.160 --> 15:07.160]  but I'm a little bit particular,
[15:07.160 --> 15:13.160]  and I do not want to go into business with a drug dealer.
[15:13.160 --> 15:17.160]  So if a drug dealer is funding this note,
[15:17.160 --> 15:21.160]  I don't want to do business with him.
[15:21.160 --> 15:28.160]  And I have the right to know if a drug dealer is funding this note.
[15:28.160 --> 15:35.160]  Therein lies the problem with the lender when he comes to the table
[15:35.160 --> 15:39.160]  as a table funder, because that was the question.
[15:39.160 --> 15:44.160]  Why do I care if the lender who claims to be the lender
[15:44.160 --> 15:48.160]  is not really the lender?
[15:48.160 --> 15:52.160]  Why do I care if he didn't really supply the funding
[15:52.160 --> 15:55.160]  as long as the funding was supplied?
[15:55.160 --> 15:59.160]  Well, I care if he supplied the funding or not,
[15:59.160 --> 16:06.160]  because I don't want to support the drug dealers in Columbia
[16:06.160 --> 16:14.160]  and especially the biggest drug dealer of all, the CIA.
[16:14.160 --> 16:16.160]  Ready?
[16:16.160 --> 16:17.160]  Yes, sir.
[16:17.160 --> 16:19.160]  What do you think?
[16:19.160 --> 16:24.160]  Well, I'd have to agree on the biggest drug dealer part for sure.
[16:24.160 --> 16:29.160]  And I'd also have to agree that I'm not going to be liable for funding
[16:29.160 --> 16:35.160]  such an organization or activity.
[16:35.160 --> 16:38.160]  Bring this up on my call page now.
[16:38.160 --> 16:42.160]  All right, folks, this is Rule of Law Radio, our Thursday night show.
[16:42.160 --> 16:46.160]  Call in number 512-646-1984,
[16:46.160 --> 16:48.160]  but we are going to have a guest in the next segment,
[16:48.160 --> 16:52.160]  so please hold off on calling in any time real soon.
[16:52.160 --> 16:54.160]  All right, folks, this is Rule of Law Radio,
[16:54.160 --> 16:56.160]  Randy Kelton, Deborah Stevens, Eddie Craig.
[16:56.160 --> 17:25.160]  Back on the other side of the break.
[17:26.160 --> 17:40.160]  And Tange Tangerine.
[17:40.160 --> 17:43.160]  Order beyond Tange Tangerine and other great young Jevity products
[17:43.160 --> 17:48.160]  at LogosRadioNetwork.com by clicking on the Tange Tangerine banner.
[17:48.160 --> 17:51.160]  Sign up as a preferred customer for wholesale prices
[17:51.160 --> 17:55.160]  or become a distributor and support LogosRadioNetwork.com.
[17:55.160 --> 18:00.160]  So what do you say, Elvis?
[18:00.160 --> 18:02.160]  Are you being harassed by debt collectors
[18:02.160 --> 18:05.160]  with phone calls, letters, or even lawsuits?
[18:05.160 --> 18:08.160]  Stop debt collectors now with the Michael Meyers Proven Method.
[18:08.160 --> 18:12.160]  Michael Meyers has won six cases in federal court against debt collectors,
[18:12.160 --> 18:14.160]  and now you can win two.
[18:14.160 --> 18:17.160]  You'll get step-by-step instructions in plain English
[18:17.160 --> 18:20.160]  on how to win in court using federal civil rights statutes.
[18:20.160 --> 18:24.160]  What to do when contacted by phones, mail, or court summons?
[18:24.160 --> 18:26.160]  How to answer letters and phone calls?
[18:26.160 --> 18:28.160]  How to get debt collectors out of your credit report?
[18:28.160 --> 18:30.160]  How to turn the financial tables on them
[18:30.160 --> 18:33.160]  and make them pay you to go away?
[18:33.160 --> 18:36.160]  The Michael Meyers Proven Method is the solution
[18:36.160 --> 18:38.160]  for how to stop debt collectors.
[18:38.160 --> 18:40.160]  Personal consultation is available as well.
[18:40.160 --> 18:42.160]  For more information, please visit
[18:42.160 --> 18:46.160]  ruleoflawradio.com and click on the blue Michael Meyers banner
[18:46.160 --> 18:49.160]  or email MichaelMeyers at yahoo.com.
[18:49.160 --> 18:56.160]  That's ruleoflawradio.com or email m-i-c-h-a-e-l-m-i-r-r-a-s
[18:56.160 --> 19:00.160]  at yahoo.com to learn how to stop debt collectors now.
[19:00.160 --> 19:24.160]  Music playing.
[19:24.160 --> 19:53.160]  Music playing.
[19:53.160 --> 20:13.160]  Music playing.
[20:13.160 --> 20:36.160]  Music playing.
[20:36.160 --> 20:42.160]  Okay, we are back on this September the 28th.
[20:42.160 --> 20:45.160]  We are going to go to the phones and I apologize
[20:45.160 --> 20:47.160]  for the last segment.
[20:47.160 --> 20:50.160]  I got one of these, this FBI virus,
[20:50.160 --> 20:53.160]  and this annoying virus popped up on my machine.
[20:53.160 --> 21:01.160]  It said, you have been using cracked files
[21:01.160 --> 21:03.160]  and you've been illegally downloading
[21:03.160 --> 21:05.160]  copywriting materials.
[21:05.160 --> 21:07.160]  And you got to send us a whole bunch of money
[21:07.160 --> 21:10.160]  or you can't use your machine again.
[21:10.160 --> 21:12.160]  And I said, is that a fact, Jack?
[21:12.160 --> 21:14.160]  So what?
[21:14.160 --> 21:18.160]  You really think you can lock me out of my own machine?
[21:18.160 --> 21:21.160]  Well, they were right, they could.
[21:21.160 --> 21:24.160]  But if you get the FBI virus,
[21:24.160 --> 21:29.160]  apparently it has to do with Adobe Flash.
[21:29.160 --> 21:31.160]  And what the direction said,
[21:31.160 --> 21:35.160]  if you uninstall Adobe Flash from your machine,
[21:35.160 --> 21:37.160]  disconnect from the internet,
[21:37.160 --> 21:40.160]  restart the machine, don't let it connect,
[21:40.160 --> 21:43.160]  then it shouldn't come up and you can go in
[21:43.160 --> 21:46.160]  and pull out the files that started.
[21:46.160 --> 21:48.160]  Well, that doesn't always work.
[21:48.160 --> 21:50.160]  So my machine had been up a while
[21:50.160 --> 21:52.160]  and I betrayed so many programs.
[21:52.160 --> 21:55.160]  I just wiped it and gave myself a clean load.
[21:55.160 --> 22:00.160]  So I was finishing up some of the loading that I didn't do.
[22:00.160 --> 22:06.160]  Anyway, we are going to go to Jim in Michigan.
[22:06.160 --> 22:11.160]  I understand you have a comment on topic.
[22:11.160 --> 22:13.160]  Go ahead, Jim.
[22:13.160 --> 22:15.160]  Yeah, it was just, there was a question.
[22:15.160 --> 22:19.160]  I talked to you earlier today, but it was just about,
[22:19.160 --> 22:23.160]  we had an eviction hearing, not this past Tuesday,
[22:23.160 --> 22:25.160]  but the week before Tuesday.
[22:25.160 --> 22:29.160]  And basically I put together a little brief
[22:29.160 --> 22:32.160]  that outlined some of the problems.
[22:32.160 --> 22:35.160]  There was major cloud-on-title problems,
[22:35.160 --> 22:37.160]  some of the decisions that have been coming down.
[22:37.160 --> 22:40.160]  I put in that carpenter versus longing site
[22:40.160 --> 22:44.160]  and the judge kept on trying to get me to admit
[22:44.160 --> 22:47.160]  that I had defaulted on the mortgage.
[22:47.160 --> 22:50.160]  And I said, no, because it was not active,
[22:50.160 --> 22:53.160]  because the discharge on an earlier mortgage
[22:53.160 --> 22:55.160]  was never recorded until after,
[22:55.160 --> 22:59.160]  well, it was like four other mortgages had been recorded.
[22:59.160 --> 23:02.160]  So none of them were active except the original one
[23:02.160 --> 23:05.160]  until it was the discharge.
[23:05.160 --> 23:08.160]  Hold on, hold on, how did you get there?
[23:08.160 --> 23:12.160]  Well, it was, I had the suit, you know,
[23:12.160 --> 23:16.160]  with remedies through in federal district court,
[23:16.160 --> 23:21.160]  and basically I missed some deadlines.
[23:21.160 --> 23:26.160]  The last time we talked, I was going to do the writ of mandamus.
[23:26.160 --> 23:29.160]  No, no, no, the question I was asking
[23:29.160 --> 23:36.160]  is where you said there were numerous claims in the record,
[23:36.160 --> 23:41.160]  the Deeds of Trust, and they hadn't been released.
[23:41.160 --> 23:43.160]  Yeah.
[23:43.160 --> 23:45.160]  Okay.
[23:45.160 --> 23:50.160]  One of the things we have to be very careful about
[23:50.160 --> 23:56.160]  is never make a proactive statement of law out of your own mouth.
[23:56.160 --> 24:02.160]  You must make all statements of law out of the mouth of the court.
[24:02.160 --> 24:05.160]  Now, in constructing the documents,
[24:05.160 --> 24:11.160]  we tend to go through and sort out what appears to be wrong.
[24:11.160 --> 24:14.160]  But before we send in the document,
[24:14.160 --> 24:18.160]  we go dig around in the case law
[24:18.160 --> 24:22.160]  and find where the court has said this is wrong.
[24:22.160 --> 24:24.160]  We can't say it.
[24:24.160 --> 24:29.160]  So, the issue of multiple Deeds of Trust,
[24:29.160 --> 24:33.160]  what is the problem with that?
[24:33.160 --> 24:37.160]  Well, it was the mortgages up here,
[24:37.160 --> 24:42.160]  but there was an original construction loan mortgage.
[24:42.160 --> 24:48.160]  And then after that recordation, there was four other mortgages
[24:48.160 --> 24:51.160]  because there was multiple refinances.
[24:51.160 --> 24:53.160]  Okay.
[24:53.160 --> 24:57.160]  It's my understanding that, you know, the order of this stuff,
[24:57.160 --> 25:02.160]  like the first mortgage, the discharge has to be recorded
[25:02.160 --> 25:06.160]  before the recording of the second mortgage.
[25:06.160 --> 25:08.160]  And then the...
[25:08.160 --> 25:12.160]  Wait a minute. Where did you come up with that information?
[25:12.160 --> 25:15.160]  It was recorded and so forth.
[25:15.160 --> 25:17.160]  And when that's a lot of order...
[25:17.160 --> 25:19.160]  Stop, stop, stop, stop, stop.
[25:19.160 --> 25:23.160]  Wait a minute. I can't get past that part.
[25:23.160 --> 25:34.160]  Why can't a second lien be filed when there is a first lien in place?
[25:34.160 --> 25:37.160]  Well, when you say it like just a lien,
[25:37.160 --> 25:40.160]  because I guess that's what the mortgage is, right?
[25:40.160 --> 25:44.160]  Yes, exactly.
[25:44.160 --> 25:50.160]  I'm just trying to make sure that the arguments we put in are correct.
[25:50.160 --> 25:53.160]  Now, there is a issue with that.
[25:53.160 --> 25:56.160]  If you look in the deed of trust,
[25:56.160 --> 26:01.160]  in the deed of trust it says that when the note is paid off,
[26:01.160 --> 26:06.160]  then the lender must issue a release.
[26:06.160 --> 26:09.160]  You can't make the claim that there's a problem
[26:09.160 --> 26:13.160]  because there was a second lien filed,
[26:13.160 --> 26:21.160]  but you can make the claim that the second note wasn't valid
[26:21.160 --> 26:27.160]  because the transaction on the first note was never completed.
[26:27.160 --> 26:32.160]  It was never completed because the lender did not comply
[26:32.160 --> 26:35.160]  with the requirements of the deed of trust.
[26:35.160 --> 26:37.160]  And it's generally paragraph...
[26:37.160 --> 26:43.160]  a covenant 19 that says that when the note is paid off,
[26:43.160 --> 26:48.160]  the lender must file a release of lien.
[26:48.160 --> 26:50.160]  So that doesn't happen.
[26:50.160 --> 26:52.160]  And this is what we're saying about a trustee sale.
[26:52.160 --> 26:54.160]  A trustee does a trustee sale.
[26:54.160 --> 26:57.160]  He issues a trustee's deed.
[26:57.160 --> 26:59.160]  And we say, whoa, hold on here.
[26:59.160 --> 27:01.160]  You can't issue that trustee's deed yet.
[27:01.160 --> 27:05.160]  The trustee's deed is invalid at this point
[27:05.160 --> 27:09.160]  because the original transaction was never completed.
[27:09.160 --> 27:11.160]  Okay.
[27:11.160 --> 27:13.160]  They didn't meet all the requirements.
[27:13.160 --> 27:15.160]  I'm being a stickler here,
[27:15.160 --> 27:17.160]  but if we're going to win this case,
[27:17.160 --> 27:19.160]  we have to get real specific.
[27:19.160 --> 27:21.160]  Okay, go ahead.
[27:21.160 --> 27:24.160]  I'll try not to interrupt you too much.
[27:24.160 --> 27:30.160]  And I also cited that carpenter versus longing case in Texas
[27:30.160 --> 27:34.160]  because, you know, in that one there,
[27:34.160 --> 27:36.160]  you know, it's just like a one sentence here,
[27:36.160 --> 27:38.160]  but I can read it.
[27:38.160 --> 27:40.160]  They said, the court said,
[27:40.160 --> 27:42.160]  the note and mortgage are inseparable.
[27:42.160 --> 27:44.160]  The former is essential.
[27:44.160 --> 27:46.160]  The latter as an incident.
[27:46.160 --> 27:48.160]  An assignment of the note carries the mortgage with it,
[27:48.160 --> 27:52.160]  while an assignment of the latter alone is a nullity.
[27:52.160 --> 27:54.160]  Yes.
[27:54.160 --> 27:58.160]  We were very familiar with that.
[27:58.160 --> 28:02.160]  Go ahead.
[28:02.160 --> 28:04.160]  No, I'm sorry. Go ahead.
[28:04.160 --> 28:05.160]  Okay. Okay.
[28:05.160 --> 28:07.160]  We're very familiar with Carpenter Longan
[28:07.160 --> 28:10.160]  and all the courts are familiar with Carpenter Longan,
[28:10.160 --> 28:19.160]  but we have to prove that one entity has been,
[28:19.160 --> 28:26.160]  has received the deed of trust
[28:26.160 --> 28:32.160]  and another unconnected entity has received the note.
[28:32.160 --> 28:41.160]  If the note holder has assigned legal title to someone else,
[28:41.160 --> 28:43.160]  then they would hold the deed of trust,
[28:43.160 --> 28:48.160]  but they would hold it in trust for the note holder.
[28:48.160 --> 28:52.160]  So the only time that gets separated
[28:52.160 --> 28:56.160]  is when the entity holding the deed of trust
[28:56.160 --> 29:04.160]  is not holding it at the behest of the note holder.
[29:04.160 --> 29:07.160]  If you hold a note and you're an invalid,
[29:07.160 --> 29:10.160]  you can't come to the court and you're unable
[29:10.160 --> 29:13.160]  to foreclose on the note,
[29:13.160 --> 29:17.160]  so you can transfer that legal title to someone else
[29:17.160 --> 29:20.160]  and they can foreclose for you.
[29:20.160 --> 29:25.160]  In that case, a third party can, in fact, do the foreclosure,
[29:25.160 --> 29:31.160]  but they would have to have gotten their standing from you.
[29:31.160 --> 29:34.160]  They can't get their standing from anywhere else.
[29:34.160 --> 29:36.160]  And this is how we have to set it up
[29:36.160 --> 29:39.160]  in order for a judge to be able to adjudicate it.
[29:39.160 --> 29:40.160]  This is Randy Kelton,
[29:40.160 --> 29:42.160]  Deborah Stevens, Eddie Craig,
[29:42.160 --> 29:43.160]  and we'll do our radio.
[29:43.160 --> 29:47.160]  I'll call in number 512-646-1984.
[29:47.160 --> 29:49.160]  Jim, hang on.
[29:49.160 --> 29:50.160]  I see you there.
[29:50.160 --> 30:17.160]  We'll pick you up on the other side.
[30:17.160 --> 30:22.160]  Some of these columns were ripped up, shredded, tossed around.
[30:22.160 --> 30:24.160]  The people that did the things they did
[30:24.160 --> 30:26.160]  knew doggone well what they were doing.
[30:26.160 --> 30:55.160]  We'll expose the cover-up now at enobleye.com.
[30:56.160 --> 31:00.160]  It is so enlightening to listen to 90.1 FM,
[31:00.160 --> 31:03.160]  but finding things on the Internet isn't so easy,
[31:03.160 --> 31:06.160]  and neither is finding like-minded people to share it with.
[31:06.160 --> 31:09.160]  Oh, well, I guess you haven't heard of Brave New Books, then.
[31:09.160 --> 31:10.160]  Brave New Books?
[31:10.160 --> 31:11.160]  Yes.
[31:11.160 --> 31:14.160]  Brave New Books has all the books and DVDs you're looking for
[31:14.160 --> 31:16.160]  by authors like Alex Jones, Ron Paul,
[31:16.160 --> 31:17.160]  and G. Edward Griffin.
[31:17.160 --> 31:18.160]  They even stock inner food,
[31:18.160 --> 31:19.160]  Berkey products,
[31:19.160 --> 31:21.160]  and Calvin Soaps.
[31:21.160 --> 31:23.160]  There's no way a place like that.
[31:23.160 --> 31:26.160]  Go check it out for yourself.
[31:26.160 --> 31:30.160]  It's downtown at 1904 Guadalupe Street, just south of UT.
[31:30.160 --> 31:31.160]  Oh, by UT?
[31:31.160 --> 31:33.160]  There's never anywhere to park down there.
[31:33.160 --> 31:36.160]  Actually, they now offer a free hour of parking
[31:36.160 --> 31:39.160]  for paying customers at the 500 MLK parking facility
[31:39.160 --> 31:41.160]  just behind the bookstore.
[31:41.160 --> 31:44.160]  It does exist, but when are they open?
[31:44.160 --> 31:47.160]  Monday through Saturday, 11 a.m. to 9 p.m.,
[31:47.160 --> 31:49.160]  and 1 to 6 p.m. on Sundays,
[31:49.160 --> 31:50.160]  so give them a call.
[31:50.160 --> 31:54.160]  512-480-2503, or check out their events page
[31:54.160 --> 31:58.160]  at bravenewbookstore.com.
[31:58.160 --> 32:00.160]  Live, free speech radio,
[32:00.160 --> 32:03.160]  LogosRadioNetwork.com.
[32:11.160 --> 32:16.160]  Yes, Mr. Office, I've just taken the ride to heaven.
[32:16.160 --> 32:21.160]  Won't you follow the law of the land?
[32:21.160 --> 32:24.160]  I don't like to stand.
[32:24.160 --> 32:27.160]  The job is difficult to serve,
[32:27.160 --> 32:30.160]  not me, Arabis.
[32:30.160 --> 32:32.160]  I'll be served!
[32:32.160 --> 32:36.160]  When you're gonna stop abuse,
[32:36.160 --> 32:39.160]  you're gonna have a hard work.
[32:39.160 --> 32:41.160]  When you're gonna stop abuse,
[32:41.160 --> 32:44.160]  you're gonna have a hard work.
[32:44.160 --> 32:47.160]  When you're gonna stop abuse,
[32:47.160 --> 32:50.160]  you're gonna have a hard work.
[32:50.160 --> 32:52.160]  When you're gonna stop abuse,
[32:52.160 --> 32:55.160]  you're gonna have a hard work.
[32:55.160 --> 32:58.160]  So please, Mr. Macklin, each officer
[32:58.160 --> 33:01.160]  has to abuse their power.
[33:01.160 --> 33:04.160]  Send a request to the leader
[33:04.160 --> 33:07.160]  to come pick up all officers.
[33:07.160 --> 33:09.160]  Tell them to uphold the law
[33:09.160 --> 33:12.160]  of when you're gonna abuse their power.
[33:12.160 --> 33:14.160]  The beat and the beat and the cheat
[33:14.160 --> 33:16.160]  and the cheat and the light
[33:16.160 --> 33:18.160]  every hour.
[33:18.160 --> 33:20.160]  So Mr. Officer,
[33:20.160 --> 33:23.160]  please stop the abuse in your power.
[33:23.160 --> 33:25.160]  You'll be over
[33:25.160 --> 33:29.160]  and tell me to silence you, sir.
[33:29.160 --> 33:31.160]  I need to speak to my lawyer,
[33:31.160 --> 33:34.160]  Mr. Officer.
[33:34.160 --> 33:37.160]  I can lie to you and no judge.
[33:37.160 --> 33:40.160]  Trying to meet guilty, sir.
[33:40.160 --> 33:42.160]  So when you're gonna stop abuse,
[33:42.160 --> 33:45.160]  you're gonna have a hard work.
[33:45.160 --> 33:48.160]  When you're gonna stop abuse,
[33:48.160 --> 33:51.160]  you're gonna have a hard work.
[33:51.160 --> 33:53.160]  When you're gonna stop abuse,
[33:53.160 --> 33:56.160]  you're gonna have a hard work.
[33:56.160 --> 33:58.160]  Okay, we are back.
[33:58.160 --> 34:01.160]  Randy Kelp from Debra Stevens at Equate.
[34:01.160 --> 34:03.160]  We're on radio.
[34:03.160 --> 34:09.160]  And we're talking to Jim in Michigan.
[34:09.160 --> 34:11.160]  Jim, are you there?
[34:11.160 --> 34:14.160]  Randy, I'm gonna re-listen this call,
[34:14.160 --> 34:17.160]  obviously, in some of the details
[34:17.160 --> 34:20.160]  that you were getting into and so forth.
[34:20.160 --> 34:23.160]  But the chain of title is something
[34:23.160 --> 34:27.160]  that needs to kind of be sound
[34:27.160 --> 34:30.160]  on all these foreclosures and so forth.
[34:30.160 --> 34:34.160]  And isn't that an area that can be attacked?
[34:34.160 --> 34:36.160]  Yes, it is.
[34:36.160 --> 34:40.160]  It's a case called, just do an internet search
[34:40.160 --> 34:44.160]  for NRAVEAL, V-E-A-L.
[34:44.160 --> 34:48.160]  It's California bankruptcy case.
[34:48.160 --> 34:53.160]  It's a case, the bankruptcy court took this on,
[34:53.160 --> 34:55.160]  sent it to the Court of Appeals,
[34:55.160 --> 34:59.160]  and the Court of Appeals took four or five months
[34:59.160 --> 35:03.160]  to render an appeal, and they gave an opinion.
[35:03.160 --> 35:08.160]  They gave an exhaustive examination
[35:08.160 --> 35:11.160]  of this standing issue.
[35:11.160 --> 35:16.160]  It's a recent case, and it's very definitive.
[35:16.160 --> 35:19.160]  It actually quotes Carpenter Longan
[35:19.160 --> 35:21.160]  and quite a bit of others.
[35:21.160 --> 35:24.160]  It sounds like we would have written it.
[35:24.160 --> 35:25.160]  Yeah.
[35:25.160 --> 35:28.160]  Very, very well done, case you will like it.
[35:28.160 --> 35:30.160]  It's current.
[35:30.160 --> 35:32.160]  Get that one and look through it,
[35:32.160 --> 35:34.160]  and listen to the rest of our show.
[35:34.160 --> 35:36.160]  We're going to have a guest on,
[35:36.160 --> 35:40.160]  and we're going to talk about these issues
[35:40.160 --> 35:42.160]  and how to address them.
[35:42.160 --> 35:43.160]  Excellent.
[35:43.160 --> 35:47.160]  The final thing, Randy, is like we haven't got this decision
[35:47.160 --> 35:50.160]  back from the judge yet on this eviction hearing,
[35:50.160 --> 35:54.160]  but when it comes back, you know,
[35:54.160 --> 35:56.160]  depending on what she comes back with,
[35:56.160 --> 35:58.160]  if there's something that, you know,
[35:58.160 --> 36:00.160]  we're disagreeing with and so forth,
[36:00.160 --> 36:04.160]  the only recourse against the judge at this point
[36:04.160 --> 36:08.160]  would be like, I mean, judicial conduct complaint,
[36:08.160 --> 36:09.160]  but what else?
[36:09.160 --> 36:10.160]  Okay.
[36:10.160 --> 36:12.160]  Now, yeah, that depends on what he does.
[36:12.160 --> 36:15.160]  If he rules against you, the first thing you want to do
[36:15.160 --> 36:18.160]  is file a motion for reconsideration
[36:18.160 --> 36:21.160]  with points and authorities,
[36:21.160 --> 36:27.160]  and a request for findings of facts and conclusions at law.
[36:27.160 --> 36:30.160]  Generally, in the federal court, they will give you findings
[36:30.160 --> 36:32.160]  of facts and conclusions,
[36:32.160 --> 36:36.160]  and if this judge is taking a while to render his decision,
[36:36.160 --> 36:38.160]  that is probably going to happen.
[36:38.160 --> 36:41.160]  He's probably given this to a clerk,
[36:41.160 --> 36:43.160]  and a clerk is researching out the opinion,
[36:43.160 --> 36:47.160]  so you'll probably get findings of facts and conclusions at law.
[36:47.160 --> 36:49.160]  Look at those, and then we prepare.
[36:49.160 --> 36:52.160]  The first thing you do is ask for reconsideration
[36:52.160 --> 36:55.160]  and show cause as to why he should reconsider.
[36:55.160 --> 36:57.160]  If he fails to reconsider,
[36:57.160 --> 37:00.160]  then you file notice of appeal
[37:00.160 --> 37:03.160]  and you only have 60 days to file an appeal.
[37:03.160 --> 37:06.160]  The only time we go after the judge
[37:06.160 --> 37:12.160]  is if he renders a ruling that fails to apply the law to the facts.
[37:12.160 --> 37:15.160]  But that's generally always.
[37:15.160 --> 37:16.160]  Right, right.
[37:16.160 --> 37:17.160]  That's what I was going to say.
[37:17.160 --> 37:20.160]  I mean, there's a little bit of corruption in the courts,
[37:20.160 --> 37:21.160]  obviously.
[37:21.160 --> 37:22.160]  Okay.
[37:22.160 --> 37:27.160]  The reason I'm cautioning you is while I do like to file
[37:27.160 --> 37:30.160]  actions against judges,
[37:30.160 --> 37:34.160]  from what you have told me,
[37:34.160 --> 37:39.160]  your depth of knowledge of the subject may not be sufficient,
[37:39.160 --> 37:42.160]  and you may actually get a really good opinion.
[37:42.160 --> 37:46.160]  We have gotten some really good opinions from judges on occasion
[37:46.160 --> 37:51.160]  where they say, I'm denying this and this is why.
[37:51.160 --> 37:53.160]  If you want me to give you your ruling,
[37:53.160 --> 37:56.160]  this is what I'm going to have to have.
[37:56.160 --> 38:01.160]  But these judges do that for both sides as a rule.
[38:01.160 --> 38:03.160]  So to tell both sides what's wrong,
[38:03.160 --> 38:05.160]  if we get a good opinion like that,
[38:05.160 --> 38:09.160]  we don't want to kick a judge who does a really good job.
[38:09.160 --> 38:14.160]  We only want to kick the ones that rule for their buddies
[38:14.160 --> 38:18.160]  and screw the procé.
[38:18.160 --> 38:23.160]  So before we say let's just kind of complain to judge,
[38:23.160 --> 38:27.160]  let's make sure that we have at least some standing to do it.
[38:27.160 --> 38:29.160]  Let's see what he puts out first.
[38:29.160 --> 38:31.160]  Okay, very good.
[38:31.160 --> 38:34.160]  You don't know if there's a deadline.
[38:34.160 --> 38:37.160]  What, you know, when they have like an eviction hearing,
[38:37.160 --> 38:43.160]  if there's a certain time limit that the judge has to give the bank
[38:43.160 --> 38:46.160]  the eviction order?
[38:46.160 --> 38:51.160]  Yeah, he has to render an opinion within his lifetime.
[38:51.160 --> 38:56.160]  I don't think so.
[38:56.160 --> 38:59.160]  The only time, it just takes as long as you want to,
[38:59.160 --> 39:03.160]  unless you go to a higher court and ask for a mandamus
[39:03.160 --> 39:06.160]  and ask the higher court to order him to render the ruling.
[39:06.160 --> 39:08.160]  But generally that's not done.
[39:08.160 --> 39:15.160]  And what he's probably doing is he's taking your emotions seriously,
[39:15.160 --> 39:17.160]  your arguments seriously,
[39:17.160 --> 39:20.160]  and he has his clerks briefing them out.
[39:20.160 --> 39:22.160]  Right, gotcha.
[39:22.160 --> 39:25.160]  So, and the courts are really getting clogged,
[39:25.160 --> 39:28.160]  so that may just be slowing them down.
[39:28.160 --> 39:30.160]  Okay, good.
[39:30.160 --> 39:33.160]  All right, well, thanks a lot.
[39:33.160 --> 39:36.160]  Okay, thank you.
[39:36.160 --> 39:39.160]  And Milan, I hate to do this to you.
[39:39.160 --> 39:42.160]  We have a guest we've been trying to get on the whole time.
[39:42.160 --> 39:46.160]  Can you drop off and call us back a little later?
[39:46.160 --> 39:48.160]  I understand you're not on topic.
[39:48.160 --> 39:53.160]  So, we don't want to go off topic because we have a guest here.
[39:53.160 --> 39:56.160]  So, you might call back in the second hour,
[39:56.160 --> 40:01.160]  or maybe the second or third segment of the second hour.
[40:01.160 --> 40:05.160]  Okay, we're going to bring on our guest.
[40:05.160 --> 40:07.160]  This is Fadi Arne.
[40:07.160 --> 40:10.160]  He's with National Mortgage Investigation.
[40:10.160 --> 40:12.160]  No securities analysis,
[40:12.160 --> 40:17.160]  but he's really knowledgeable on this issue.
[40:17.160 --> 40:19.160]  You there, Fadi?
[40:19.160 --> 40:20.160]  Yes, sir, I'm here.
[40:20.160 --> 40:22.160]  Can you hear me?
[40:22.160 --> 40:23.160]  Yes, I can.
[40:23.160 --> 40:27.160]  And just for the record, that's FADDY.
[40:27.160 --> 40:29.160]  So, you know what I'm saying?
[40:29.160 --> 40:30.160]  FADYE.
[40:30.160 --> 40:32.160]  I'm sorry, FADYE?
[40:32.160 --> 40:36.160]  Okay, FADYE.
[40:36.160 --> 40:38.160]  Okay, the last time you were on,
[40:38.160 --> 40:43.160]  we got a tremendous response from your discussion.
[40:43.160 --> 40:46.160]  And we talked earlier,
[40:46.160 --> 40:51.160]  and I wanted to get your opinion on some of the issues
[40:51.160 --> 40:56.160]  that we've been digging out of the deed of trust.
[40:56.160 --> 40:59.160]  Mainly what I'm working with now
[40:59.160 --> 41:03.160]  is the deed of trust and the public records.
[41:03.160 --> 41:05.160]  And in doing this,
[41:05.160 --> 41:08.160]  there was one piece of information
[41:08.160 --> 41:11.160]  that I especially wanted to ask you about,
[41:11.160 --> 41:15.160]  and I kind of feel like I'm bushwhacking you on the air,
[41:15.160 --> 41:23.160]  but I am looking for a way to save the court.
[41:23.160 --> 41:29.160]  Definitively, this loan, with this loan number
[41:29.160 --> 41:35.160]  from this lender absolutely went into,
[41:35.160 --> 41:41.160]  or was at least in the paperwork directed to,
[41:41.160 --> 41:44.160]  this pass-through trust.
[41:44.160 --> 41:51.160]  Is there a way to find the loan numbers in a pass-through trust?
[41:51.160 --> 41:54.160]  Depends on the trust, to be quite honest with you,
[41:54.160 --> 41:58.160]  and it depends on the paperwork of the trust.
[41:58.160 --> 42:01.160]  Also, what you have to understand is,
[42:01.160 --> 42:04.160]  in investigating mortgages,
[42:04.160 --> 42:07.160]  we do it primarily for attorneys, law firms,
[42:07.160 --> 42:10.160]  and legal power professionals.
[42:10.160 --> 42:13.160]  And when they come to us,
[42:13.160 --> 42:15.160]  we've got various different trusts,
[42:15.160 --> 42:19.160]  some that are sealed up like Fannie Mae Trust,
[42:19.160 --> 42:22.160]  which basically the only way you're going to really get
[42:22.160 --> 42:25.160]  that much documentation out of a Fannie Mae Trust
[42:25.160 --> 42:27.160]  is through discovery.
[42:27.160 --> 42:30.160]  Our investigative work goes really
[42:30.160 --> 42:33.160]  throughout the entire process.
[42:33.160 --> 42:37.160]  But yes, a lot of trusts have what's called
[42:37.160 --> 42:42.160]  free-writing prospectuses, or FWP.
[42:42.160 --> 42:45.160]  So if you're looking up a particular pass-through trust
[42:45.160 --> 42:51.160]  in the SEC, a FWP file, more than likely,
[42:51.160 --> 42:56.160]  8 out of 10 times will have loan-level numbers
[42:56.160 --> 43:00.160]  in a public trust.
[43:00.160 --> 43:04.160]  So if, say I have a client,
[43:04.160 --> 43:07.160]  and they get a notice from Fannie Mae
[43:07.160 --> 43:13.160]  that Fannie Mae owns their note,
[43:13.160 --> 43:15.160]  would the note necessarily,
[43:15.160 --> 43:16.160]  well, I guess at this point,
[43:16.160 --> 43:19.160]  the notes would no longer be in a trust?
[43:19.160 --> 43:24.160]  Well, actually, Fannie Mae and Freddie Mac,
[43:24.160 --> 43:29.160]  and Ginny Mae, all securitized loans.
[43:29.160 --> 43:32.160]  But Fannie Mae and Freddie Mac,
[43:32.160 --> 43:35.160]  and Ginny Mae, are grouped in what is called
[43:35.160 --> 43:39.160]  a government-sponsored entity.
[43:39.160 --> 43:42.160]  So we'll talk a little bit more about that.
[43:42.160 --> 43:44.160]  Hang on, we'll put this up on the other side.
[43:44.160 --> 43:47.160]  This is Randy Kelton, David Stevens, Eddie Craig,
[43:47.160 --> 43:49.160]  we have our radio.
[43:49.160 --> 43:52.160]  We have our special guest, Fannie Arnie.
[43:52.160 --> 43:55.160]  We'll be right back on the other side.
[44:22.160 --> 44:23.160]  Let's take another close.
[44:52.160 --> 44:55.160]  We're not passing on to others and memorials.
[44:55.160 --> 45:24.160]  For more information, go to OJCFalminTruth.com.
[45:25.160 --> 45:27.160]  And now you can too.
[45:27.160 --> 45:30.160]  Jurisdictionary was created by a licensed attorney
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[46:34.160 --> 46:36.160]  Okay, this is Randy Kelton,
[46:36.160 --> 46:39.160]  Deborah Stevens, Eddie Craig with Law Radio.
[46:39.160 --> 46:42.160]  And we're talking to Fannie Arnie.
[46:42.160 --> 46:47.160]  And on the break, we were talking about Fannie Mae,
[46:47.160 --> 46:49.160]  Freddie Mac and Ginny Mae,
[46:49.160 --> 46:56.160]  and how they were kind of quasi-governmental entities.
[46:56.160 --> 46:57.160]  And because of that,
[46:57.160 --> 47:00.160]  they didn't want to release the information that they had.
[47:00.160 --> 47:06.160]  And we were discussing possible ways of getting it.
[47:06.160 --> 47:10.160]  Fannie, can you kind of give us a rundown on these three agencies
[47:10.160 --> 47:13.160]  and what the problems with them are?
[47:13.160 --> 47:16.160]  Well, these three agencies,
[47:16.160 --> 47:20.160]  let's give the statistic,
[47:20.160 --> 47:23.160]  what are these three agencies, first and foremost?
[47:23.160 --> 47:26.160]  These three agencies are what are called
[47:26.160 --> 47:28.160]  government-sponsored entities.
[47:28.160 --> 47:33.160]  And that just simply means they're not government,
[47:33.160 --> 47:35.160]  they're just sponsored by the government.
[47:35.160 --> 47:38.160]  It wasn't really until, you know,
[47:38.160 --> 47:43.160]  the government actually had to bail out Fannie and Freddie Mac
[47:43.160 --> 47:47.160]  to where we actually owned any piece of it.
[47:47.160 --> 47:49.160]  Now, Fannie and Freddie Mac,
[47:49.160 --> 47:52.160]  from what I've seen recently,
[47:52.160 --> 47:55.160]  we still own a tax holders, U.S. tax holders,
[47:55.160 --> 47:58.160]  still own a very big share of Fannie and Freddie Mac.
[47:58.160 --> 48:01.160]  Now, because Fannie and Freddie Mac are,
[48:01.160 --> 48:05.160]  as you called quasi-governmental agencies,
[48:05.160 --> 48:09.160]  they play in a different ball game
[48:09.160 --> 48:12.160]  or a different playing field.
[48:12.160 --> 48:17.160]  Even more so different than Bank of America
[48:17.160 --> 48:19.160]  or J.P. Morgan Chase,
[48:19.160 --> 48:24.160]  in that they are what we call in the mortgage business
[48:24.160 --> 48:29.160]  or in the financial business market movers.
[48:29.160 --> 48:35.160]  So investors tend to gravitate towards the investments
[48:35.160 --> 48:39.160]  that Fannie and Freddie Mac provide
[48:39.160 --> 48:43.160]  to invest in.
[48:43.160 --> 48:48.160]  So they are able to ultimately move the market.
[48:48.160 --> 48:52.160]  And then because they are quasi-governmental agencies,
[48:52.160 --> 48:55.160]  they don't have to provide anything to the SEC,
[48:55.160 --> 48:58.160]  which is the governmental agency,
[48:58.160 --> 49:00.160]  the Securities and Exchange Commission,
[49:00.160 --> 49:03.160]  that regulates securities.
[49:03.160 --> 49:08.160]  So they don't actually publicly record or file anything
[49:08.160 --> 49:12.160]  with the governmental agency because they're exempt,
[49:12.160 --> 49:14.160]  because they're quasi-governmental.
[49:14.160 --> 49:17.160]  It's a ball of nonsense, to be honest,
[49:17.160 --> 49:19.160]  to all our listeners right now.
[49:19.160 --> 49:23.160]  It's basically to cut it into layman terms,
[49:23.160 --> 49:29.160]  they get to control 45 to 55% of the market
[49:29.160 --> 49:32.160]  without revealing any information
[49:32.160 --> 49:35.160]  that is available to us as investigators.
[49:35.160 --> 49:37.160]  We have to actually extract that information
[49:37.160 --> 49:40.160]  through a corporate deal.
[49:40.160 --> 49:42.160]  A question.
[49:42.160 --> 49:46.160]  Have they been attacked with FOIAs?
[49:46.160 --> 49:47.160]  Have they been attacked with FOIAs?
[49:47.160 --> 49:50.160]  And do they have exemptions?
[49:50.160 --> 49:53.160]  Yeah, I mean, they are exempt from filing with the SEC
[49:53.160 --> 49:57.160]  based on Rule 144A, which...
[49:57.160 --> 50:00.160]  No, I'm not talking about that, the filing exemption,
[50:00.160 --> 50:04.160]  but a FOIA, Freedom of Information Act request.
[50:04.160 --> 50:07.160]  Well, you know,
[50:07.160 --> 50:13.160]  we've had some Freedom of Information requests ourselves,
[50:13.160 --> 50:17.160]  but, you know, interesting about that Freedom of Information Act,
[50:17.160 --> 50:20.160]  it's free according to the Act.
[50:20.160 --> 50:22.160]  However, you actually have to pay for it,
[50:22.160 --> 50:24.160]  so it's really not even free.
[50:24.160 --> 50:26.160]  So to request information,
[50:26.160 --> 50:28.160]  you actually have to go through the website,
[50:28.160 --> 50:31.160]  the Freedom of Information Act website,
[50:31.160 --> 50:34.160]  and put it in order, and then they go out
[50:34.160 --> 50:37.160]  and extract the information from Fannie and Freddie Mac,
[50:37.160 --> 50:41.160]  but they don't fully extract the proper information
[50:41.160 --> 50:45.160]  that you and me, Randy, and Mr. Kelton,
[50:45.160 --> 50:48.160]  would necessarily, with our knowledge
[50:48.160 --> 50:50.160]  and expertise in this industry,
[50:50.160 --> 50:54.160]  require and feel like it was feasible enough for us,
[50:54.160 --> 50:55.160]  if you know what I mean.
[50:55.160 --> 50:58.160]  They just simply hide behind a curtain,
[50:58.160 --> 51:01.160]  and they call that current government.
[51:01.160 --> 51:04.160]  However, they have really no affiliation with the government.
[51:04.160 --> 51:09.160]  Oh, this is a, well, one thing about government,
[51:09.160 --> 51:13.160]  you know, you can't sue government for the most part,
[51:13.160 --> 51:18.160]  unless you don't sue the government for money.
[51:18.160 --> 51:20.160]  Wonderful.
[51:20.160 --> 51:22.160]  If you don't ask for money,
[51:22.160 --> 51:26.160]  and you just ask for a court order,
[51:26.160 --> 51:31.160]  no governmental agency has any immunity from that.
[51:31.160 --> 51:36.160]  So this would be, if I have reason to believe
[51:36.160 --> 51:42.160]  that a lender is attempting to foreclose on a note
[51:42.160 --> 51:44.160]  and he doesn't actually hold it,
[51:44.160 --> 51:46.160]  or if he maintains it,
[51:46.160 --> 51:49.160]  that Fannie Mae or Freddie Mac or Jimmie
[51:49.160 --> 51:53.160]  have some interest in the note,
[51:53.160 --> 51:59.160]  then simple enough to name them in the suit
[51:59.160 --> 52:04.160]  to secure the information we need.
[52:04.160 --> 52:08.160]  Have you ever looked at that aspect?
[52:08.160 --> 52:10.160]  No, actually, I haven't.
[52:10.160 --> 52:12.160]  And Randy, you know, every time we get on the phone,
[52:12.160 --> 52:15.160]  you know, we just bounce wonderful ideas back and forth.
[52:15.160 --> 52:18.160]  And prior to this interview,
[52:18.160 --> 52:22.160]  you were kind of talking about the aspect of,
[52:22.160 --> 52:29.160]  also, the kind of the secrecy of MERS, also,
[52:29.160 --> 52:34.160]  which is just another one of those deals.
[52:34.160 --> 52:36.160]  Well, I'm looking at MERS.
[52:36.160 --> 52:40.160]  I'm beginning to believe that MERS is a false issue.
[52:40.160 --> 52:44.160]  The banks held MERS out in front of all of us
[52:44.160 --> 52:47.160]  and said, oh, look at MERS.
[52:47.160 --> 52:51.160]  Look how vulnerable MERS is.
[52:51.160 --> 52:54.160]  And I believe they did that because they don't want us
[52:54.160 --> 53:00.160]  looking behind the curtain to see, to look right at them.
[53:00.160 --> 53:01.160]  Right.
[53:01.160 --> 53:04.160]  And before you came on, I was, the first segment,
[53:04.160 --> 53:09.160]  I talked about an epiphany that I had
[53:09.160 --> 53:14.160]  in looking at how all of these notes
[53:14.160 --> 53:17.160]  and all of these issues move around
[53:17.160 --> 53:21.160]  where a mortgage company goes into business,
[53:21.160 --> 53:25.160]  writes a whole bunch of notes during the most productive
[53:25.160 --> 53:28.160]  time in history for this kind of business,
[53:28.160 --> 53:30.160]  but all these mortgage companies are going out of business
[53:30.160 --> 53:32.160]  left and right.
[53:32.160 --> 53:36.160]  And I have reason to believe and I have information to support
[53:36.160 --> 53:42.160]  that the Special Purpose Vehicles are funding the mortgage companies.
[53:42.160 --> 53:45.160]  The mortgage companies never had an investment in the note to start with.
[53:45.160 --> 53:47.160]  They didn't sell the note because they never owned it.
[53:47.160 --> 53:49.160]  The Special Purpose Vehicle owned it.
[53:49.160 --> 53:52.160]  They table funded the note for the mortgage company.
[53:52.160 --> 53:56.160]  The mortgage company then on paper transferred the note
[53:56.160 --> 54:00.160]  to the Special Purpose Vehicle at a deep discount.
[54:00.160 --> 54:05.160]  And then when the mortgage company had shown enough loss
[54:05.160 --> 54:09.160]  from these deep discounts, the mortgage company would bankrupt
[54:09.160 --> 54:15.160]  and launder all of these profits for the Special Purpose Vehicle.
[54:15.160 --> 54:19.160]  And then we're hearing all of this rumbling about the Special Purpose Vehicle
[54:19.160 --> 54:22.160]  that's supposed to be scrutizing these notes
[54:22.160 --> 54:26.160]  and bundling them into a pass-through trust.
[54:26.160 --> 54:30.160]  Except they weren't putting them in the trust.
[54:30.160 --> 54:32.160]  No, they never even made it into the trust.
[54:32.160 --> 54:34.160]  But here's the problem with that.
[54:34.160 --> 54:36.160]  Wait a minute, wait a minute, just more.
[54:36.160 --> 54:39.160]  Yeah. Okay, go, let's go ahead.
[54:39.160 --> 54:40.160]  More.
[54:40.160 --> 54:46.160]  Washington Mutual was put out of business for laundering money for the drug cartels.
[54:46.160 --> 54:49.160]  Now, how do you think they did that?
[54:49.160 --> 54:51.160]  Oh yeah, two mortgages.
[54:51.160 --> 54:58.160]  I think they did that by calling the drug cartel a Special Purpose Vehicle
[54:58.160 --> 55:01.160]  using their money to fund these notes.
[55:01.160 --> 55:05.160]  That way when the notes paid back, the money's laundered.
[55:05.160 --> 55:12.160]  And then because these guys are really, really dirty rotten scoundrels,
[55:12.160 --> 55:18.160]  when they sold the note to the investor,
[55:18.160 --> 55:23.160]  they just couldn't bring themselves to give it to the investor.
[55:23.160 --> 55:25.160]  So they cheated the investor out of the note too,
[55:25.160 --> 55:31.160]  and then Chase comes back and they want to foreclose on this note.
[55:31.160 --> 55:35.160]  Not the trustee of the trust who should hold it, but Chase,
[55:35.160 --> 55:38.160]  because the trustee never got it.
[55:38.160 --> 55:39.160]  Right.
[55:39.160 --> 55:45.160]  Does that go against anything you know to be true?
[55:45.160 --> 55:47.160]  Or am I just dreaming here?
[55:47.160 --> 55:51.160]  No, sir, everything you said right there is right on.
[55:51.160 --> 55:57.160]  Let me just add on one more factor that the borrower does not know.
[55:57.160 --> 56:00.160]  The borrower is part of a borrowing base.
[56:00.160 --> 56:05.160]  Now, I can only give limited information because it is specific trade secrets,
[56:05.160 --> 56:09.160]  but I will share something to add on to what you said right now.
[56:09.160 --> 56:13.160]  The borrower is actually not you.
[56:13.160 --> 56:16.160]  The borrower is your lender.
[56:16.160 --> 56:23.160]  Your lender is borrowing money from another party who is borrowing money from another party.
[56:23.160 --> 56:27.160]  They actually create this money out of thin air.
[56:27.160 --> 56:32.160]  And then they put up different types of collateral.
[56:32.160 --> 56:37.160]  And that collateral is everything that you find in a loan application.
[56:37.160 --> 56:43.160]  All I can give you today is that your signature,
[56:43.160 --> 56:46.160]  prior to your signature, they sold your loan.
[56:46.160 --> 56:50.160]  Your loan was already created and was sitting there waiting for you.
[56:50.160 --> 56:56.160]  They were just waiting for you to sign on the dotted line for the machine to continue to drive.
[56:56.160 --> 57:01.160]  And what I mean by that is you are a business partner to the banks,
[57:01.160 --> 57:04.160]  whether you know that or not.
[57:04.160 --> 57:09.160]  And there are contracts behind the scenes that we have uncovered
[57:09.160 --> 57:13.160]  in which the banks have put you in their contract.
[57:13.160 --> 57:16.160]  This goes back to what we spoke about, Mr. Kelton,
[57:16.160 --> 57:23.160]  prior to our getting on the air of things being in contracts,
[57:23.160 --> 57:29.160]  but a party who is putting that into contract is not signing the contract.
[57:29.160 --> 57:36.160]  And we were discussing about the validity of whether that is in effect if it's not a part of your signature.
[57:36.160 --> 57:43.160]  And so there are behind the scenes agreements where the borrowers are sureties.
[57:43.160 --> 57:47.160]  So you are actually a business partner to the bank.
[57:47.160 --> 57:54.160]  The bank puts you up as collateral and everything that comes with you.
[57:54.160 --> 57:58.160]  So it's a very interesting, we'll get into it a little bit more.
[57:58.160 --> 58:00.160]  Go ahead and take it, Mr. Kelton.
[58:00.160 --> 58:05.160]  Okay, this is Randy Kelton, Deputy Stevens at Craig River Radio.
[58:05.160 --> 58:14.160]  And we're talking about some of the more sophisticated aspects of what's going on in the mortgage industry.
[58:14.160 --> 58:18.160]  We're trying to make this understandable,
[58:18.160 --> 58:24.160]  but I'm having a little trouble making some of it understandable because I don't understand it.
[58:24.160 --> 58:28.160]  But I will try to get a better understanding of this part when we come back.
[58:28.160 --> 58:36.160]  This issue of us being in an adhesion contract that we're not aware of, that interests me greatly.
[58:36.160 --> 58:40.160]  This is Randy Kelton, Deputy Stevens at Craig River Radio.
[58:40.160 --> 58:49.160]  We'll be right back on the other side.
[58:49.160 --> 58:53.160]  The Bible remains the most popular book in the world.
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[59:50.160 --> 59:59.160]  You're listening to the Logos Radio Network at LogosRadioNetwork.com.
[01:00:01.160 --> 01:00:06.160]  Imagine a website that recorded everything its users read while signed in
[01:00:06.160 --> 01:00:09.160]  and then published that data for the whole world to see.
[01:00:09.160 --> 01:00:15.160]  I'm Dr. Catherine Albrecht and I'll tell you about a Q&A forum that's a privacy nightmare next.
[01:00:15.160 --> 01:00:18.160]  Privacy is under attack.
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[01:00:28.160 --> 01:00:32.160]  Say no to surveillance and keep your information to yourself.
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[01:01:33.160 --> 01:01:36.160]  YouTube is making users post their actual names,
[01:01:36.160 --> 01:01:40.160]  explaining the transparency leads to better online behavior. But does it?
[01:01:40.160 --> 01:02:07.160]  I'm Dr. Catherine Albrecht and I'll tell you about the push to end anonymity on the internet in a moment.
[01:02:11.160 --> 01:02:17.160]  YouTube has joined Facebook and Google in forcing people to use their real names.
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[01:02:52.160 --> 01:02:57.160]  I'm Dr. Catherine Albrecht for StartPage.com, the world's most private search engine.
[01:02:57.160 --> 01:03:09.160]  Looking for some truth? You found it. LogosRadioNetwork.com.
[01:03:27.160 --> 01:03:38.160]  I'm Dr. Catherine Albrecht and I'll tell you about the push to end anonymity on the internet.
[01:03:38.160 --> 01:03:48.160]  I'm Dr. Catherine Albrecht and I'll tell you about the push to end anonymity on the web.
[01:03:48.160 --> 01:03:58.160]  I'm Dr. Catherine Albrecht and I'll tell you about the push to end anonymity on the web.
[01:03:58.160 --> 01:04:08.160]  I'm Dr. Catherine Albrecht and I'll tell you about the push to end anonymity on the web.
[01:04:08.160 --> 01:04:29.160]  You guys miss all the good stuff. It goes on behind the scenes and in behind the scenes I'm looking at how am I engaged in an adhesion contract with the bank without full disclosure
[01:04:29.160 --> 01:04:40.160]  and how does being involved in that contract affect me and primarily I'm concerned with how can I use this to develop a cause of action
[01:04:40.160 --> 01:04:57.160]  or claim that would allow me to do discovery of all of the contracts the bank entered into to which I would be a party of some sort.
[01:04:57.160 --> 01:05:02.160]  How can I get there?
[01:05:02.160 --> 01:05:13.160]  In regards to this particular document, the way you are attached to this agreement is you are the borrowing base.
[01:05:13.160 --> 01:05:24.160]  Now I'd like to point out something prior to moving forward. Obviously I am not an attorney and so obviously nothing I say is to be construed as legal advice.
[01:05:24.160 --> 01:05:36.160]  In regards to this actual agreement, you are considered the borrowing base in an agreement in which your lender is the borrower
[01:05:36.160 --> 01:05:43.160]  and in this agreement think of yourself as you are a piece of the borrower.
[01:05:43.160 --> 01:05:58.160]  Now I'm going to ask you a question Randy and from what I'm explaining to you right now. As a borrower, if your lender based on you being the collateral to them
[01:05:58.160 --> 01:06:10.160]  without you knowing, you not having disclosure, if the lender made an ungodly amount of money on that transaction that you are a part to
[01:06:10.160 --> 01:06:15.160]  do you not deserve a piece of the profit?
[01:06:15.160 --> 01:06:23.160]  That's really the question because if you are construed as a business partner, if you are being construed as a business partner
[01:06:23.160 --> 01:06:32.160]  or as a surety to a contractual agreement in which a party has added you without your knowledge
[01:06:32.160 --> 01:06:44.160]  and then they make a hundred times the amount of the money of that actual contract because of your signature without you knowing that.
[01:06:44.160 --> 01:06:50.160]  Aren't you a party to that transaction and do you not deserve a piece of the profit?
[01:06:50.160 --> 01:07:06.160]  I would say I was a party to it but the only way I can think of making the claim that I would have a right to part of the profit would be
[01:07:06.160 --> 01:07:17.160]  if there is any potential for loss on my part of any kind.
[01:07:17.160 --> 01:07:32.160]  What if I told you your loss is your home, your credit, your income, everything that goes when it happens with a foreclosure.
[01:07:32.160 --> 01:07:36.160]  You have to understand your signature is what I'm talking about.
[01:07:36.160 --> 01:07:43.160]  When you signed a loan application, they already created your loan.
[01:07:43.160 --> 01:07:47.160]  Just from you signing a loan application, they created your loan.
[01:07:47.160 --> 01:07:52.160]  They gave it a loan number and everything and then they actually securitized that loan.
[01:07:52.160 --> 01:07:58.160]  It was a Ponzi scheme and all they did is they did a swapping of loans.
[01:07:58.160 --> 01:08:04.160]  So when you signed a loan app, let's say you were just shopping around, you signed a loan application.
[01:08:04.160 --> 01:08:08.160]  They would securitize that loan based on your credentials.
[01:08:08.160 --> 01:08:14.160]  Everything in a loan application is what you put up. That's what you risked, everything.
[01:08:14.160 --> 01:08:16.160]  What did they risk? Nothing.
[01:08:16.160 --> 01:08:23.160]  So if you want to talk about what did you lose, you lost everything and you gave nothing.
[01:08:23.160 --> 01:08:42.160]  But still to me sounds somewhat esoteric. Say if I filed three different loan applications with three different entities and only consummated one of them, would they create three?
[01:08:42.160 --> 01:08:44.160]  Three. Yes.
[01:08:44.160 --> 01:08:56.160]  Okay. The fact that they create three securities doesn't make any difference as long as they don't negotiate three securities.
[01:08:56.160 --> 01:09:01.160]  Are you saying they created security and negotiate or just...
[01:09:01.160 --> 01:09:05.160]  Yes. They create securities out of thin air as well.
[01:09:05.160 --> 01:09:16.160]  And you have to understand that derivatives market and last time I was on your show, I gave your listeners a little taste of what the behind the scenes accounting of these massive corporations are.
[01:09:16.160 --> 01:09:29.160]  When you have $67 trillion of insurance policies betting that your loan commitments are going to default and your loan commitments are only $767 billion,
[01:09:29.160 --> 01:09:35.160]  which number are you going to want to play in? The $67 trillion or the $700 billion?
[01:09:35.160 --> 01:09:42.160]  You can finally now see why they've done all this. They've protected themselves.
[01:09:42.160 --> 01:09:48.160]  They've created securities that they rated AAA to rate pension funds.
[01:09:48.160 --> 01:09:57.160]  I mean, they've done a very, very good job is what I can say, but they left a very, very large trail behind.
[01:09:57.160 --> 01:10:08.160]  There are more transactions that you can possibly imagine that are behind the scenes that you are a part of.
[01:10:08.160 --> 01:10:16.160]  Let me give you an example. Your lender who lent you, allegedly, lent you the money.
[01:10:16.160 --> 01:10:28.160]  They, in agreement, put you up as collateral. They put up your credit history. They put up your job, your employment history, and then they bet against you.
[01:10:28.160 --> 01:10:32.160]  You became... Let me see. How should I put this?
[01:10:32.160 --> 01:10:38.160]  Think of a virtual world. What's a game that they play online?
[01:10:38.160 --> 01:10:46.160]  A bit of Warcraft, Starcraft, something like that. A world of Warcraft.
[01:10:46.160 --> 01:10:54.160]  Think of each player in there. Based on each player's credentials, we're taking bets.
[01:10:54.160 --> 01:11:04.160]  We're placing bets on whether or not this player is going to succeed or not.
[01:11:04.160 --> 01:11:09.160]  If you lost your job, we're taking bets that you're going to lose your home.
[01:11:09.160 --> 01:11:16.160]  All this is showing up in this system, in this matrix, in this virtual world tied into you.
[01:11:16.160 --> 01:11:23.160]  However, these agreements are creating fictitious money in the virtual world and stealing the real money from the real world.
[01:11:23.160 --> 01:11:33.160]  It's a very, very unique situation, and I know it's probably going over many of your heads right now.
[01:11:33.160 --> 01:11:41.160]  But the good news is, is this is recorded, so you just re-listen to what I'm saying because it is in my words.
[01:11:41.160 --> 01:11:48.160]  What it is, is a virtual economy created by the international banking world.
[01:11:48.160 --> 01:11:52.160]  It's being run by the International Bank of Settlement.
[01:11:52.160 --> 01:11:56.160]  This is a bank that is a central bank to all central banks.
[01:11:56.160 --> 01:12:04.160]  The entire system is designed to fail purposely because when you trip up, so does your co-host.
[01:12:04.160 --> 01:12:10.160]  When your co-host trips up, so does their friend. It's like a domino effect.
[01:12:10.160 --> 01:12:21.160]  When you pull money out from people, just as the banks did, it's common sense that everything's going to crash because you no longer have buyers.
[01:12:21.160 --> 01:12:31.160]  I mean, this goes to simple economics. You know, it doesn't take a smart person to understand that this entire mortgage crisis was self-created
[01:12:31.160 --> 01:12:39.160]  and was even warned about in 1998, gosh, I forget her name. God bless her.
[01:12:39.160 --> 01:12:46.160]  She told Congress and she told everybody in 1998 there's a PBS documentary on her.
[01:12:46.160 --> 01:12:56.160]  She said if we continue with where we are going right now, there's going to be a massive collapse, greater than any collapse we have ever seen.
[01:12:56.160 --> 01:13:02.160]  And that is what's happening right now, ladies and gentlemen, and nobody seems to care about it.
[01:13:02.160 --> 01:13:12.160]  I'm a little disappointed and, you know, I'm sure people might be listening and you can hear it in my voice, but nobody is doing anything about it, Mr. Kelton.
[01:13:12.160 --> 01:13:17.160]  Nobody disappoints me and you brought me on your show and I really appreciate it.
[01:13:17.160 --> 01:13:33.160]  But I hope what I can tell you really gains people's attention and allows them to act because you are ultimately a pawn and they are betting against your failure.
[01:13:33.160 --> 01:13:43.160]  And I don't know about you, Mr. Kelton, but if somebody had something against me and wanted me to fail, I would do something about it.
[01:13:43.160 --> 01:13:50.160]  Because I deserve success and so do you and so does your co-host and co-host and co-host everybody else.
[01:13:50.160 --> 01:14:03.160]  All the time you're talking, I'm sitting here looking at my notes thinking, how can I convert this into a claim or a cause of action?
[01:14:03.160 --> 01:14:15.160]  How can I construct a question that will lead to this issue that they very much want to stay away from?
[01:14:15.160 --> 01:14:20.160]  What can I do about this?
[01:14:20.160 --> 01:14:24.160]  Follow the money.
[01:14:24.160 --> 01:14:26.160]  You have to follow the money.
[01:14:26.160 --> 01:14:32.160]  I know, you see, I can tell you how to do it.
[01:14:32.160 --> 01:14:35.160]  The problem is, is will a judge allow you to do it?
[01:14:35.160 --> 01:14:42.160]  This really has been my experience, but you have to follow the money.
[01:14:42.160 --> 01:14:45.160]  And let me give you an example.
[01:14:45.160 --> 01:15:00.160]  I know an individual in California who just so happened to, he was helping one of his buddies who was an immigrant and obviously was not legal here.
[01:15:00.160 --> 01:15:04.160]  And this guy so happened to have gotten a loan.
[01:15:04.160 --> 01:15:09.160]  So he's an alien from Mexico and he got a loan here in America.
[01:15:09.160 --> 01:15:14.160]  And so this guy doesn't even speak a word of English.
[01:15:14.160 --> 01:15:20.160]  English people work everything, nothing will Spanish, so he clearly had no clue what he signed.
[01:15:20.160 --> 01:15:24.160]  But anyway, this guy thought of going out and helping this guy.
[01:15:24.160 --> 01:15:31.160]  So he went into the bank and the bank is United, United's something bank in California.
[01:15:31.160 --> 01:15:38.160]  There's so many bank names, but nonetheless, he attempted to get a loan modification for this gentleman.
[01:15:38.160 --> 01:15:45.160]  And what ended up happening was, you know, he talked to a bunch of different representatives within the bank.
[01:15:45.160 --> 01:15:51.160]  He actually went into the location and they gave him physical documentation because he was requesting things from them.
[01:15:51.160 --> 01:15:53.160]  Okay.
[01:15:53.160 --> 01:16:03.160]  After about a month or so, he worked his way up to someone pretty high up within the bank, a vice president, and he got into this particular individual's office.
[01:16:03.160 --> 01:16:19.160]  And on this day, a document began to kind of, how should I put it, come to the people, to the general public.
[01:16:19.160 --> 01:16:25.160]  Something internal from the bank had so happened to have left the bank's hands.
[01:16:25.160 --> 01:16:35.160]  What I mean by that is a bank representative, during all the, you know, him attempting to get a loan lot, gave him an internal document from the Federal Reserve.
[01:16:35.160 --> 01:16:43.160]  And we'll talk about that in the program that this letter was a screenshot of.
[01:16:43.160 --> 01:16:54.160]  Okay, this is Randy Kelton, Douglas Stevens at Craig River Radio, and I am looking forward to hearing more about this document.
[01:16:54.160 --> 01:17:00.160]  We'll be right back.
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[01:19:30.160 --> 01:19:35.660]  You put the fear in my pocket, you do money from my hands
[01:19:35.660 --> 01:19:40.160]  Ain't gonna fool me with that same old trick again
[01:19:44.160 --> 01:19:46.160]  Ain't gonna fool me
[01:19:46.160 --> 01:19:51.160]  You put the fear in my pocket, you do money from my hands
[01:19:51.160 --> 01:19:56.160]  Ain't gonna fool me with that same old trick again
[01:19:56.160 --> 01:20:23.160]  Okay, we are back, Randy Kauffman, Debby Steven, Debby Craig, and here's our radio, and we're talking to our very special guest, Baddy Arnie, and we were talking about the International Bank of Settlement and how the banks are engaging us as the lender and the banks, the borrower.
[01:20:23.160 --> 01:20:28.160]  This is getting very interesting.
[01:20:28.160 --> 01:20:48.160]  Well, it's a, we're, yeah, our companies right now are in process of creating a software, a database, a matrix, if you will, creating the associations from our information that we've been able to accumulate over the years.
[01:20:48.160 --> 01:21:13.160]  Well, but before we got into the break, I was talking about a particular story of a document, and this document is, in my opinion, a document that would really, really destroy the entire banking industry if the general public got onto it.
[01:21:13.160 --> 01:21:34.160]  Now, this particular document was in this gentleman's possession, and he had gone to the vice president of this particular bank to help his friend who was an immigrant, an alien, get a loan modification for his home to keep him in his home.
[01:21:34.160 --> 01:21:53.160]  And so he's in this meeting with this particular vice president, and the vice president is pretending like he cares and is looking over the documents that this particular gentleman had accumulated over the weeks of attempting to get a loan modification.
[01:21:53.160 --> 01:21:57.160]  I'm sure many of our listeners know what I'm talking about.
[01:21:57.160 --> 01:22:23.160]  And so he's explaining, you know, his friend's situation and how he's an immigrant and, you know, how it's tough for them and, you know, and how he needs a loan modification and, you know, justifying his case and all of a sudden he sees the vice president's face kind of pale up a little bit, you know, and he stopped at a document.
[01:22:23.160 --> 01:22:30.160]  This document is a one-page sheet, just one piece of paper.
[01:22:30.160 --> 01:22:38.160]  And he looked over at this gentleman and he said, where did you get this from?
[01:22:38.160 --> 01:22:50.160]  And so this gentleman responds, well, I got it from one of the representatives, you know, they were giving me paperwork in regards to this particular person's file, okay?
[01:22:50.160 --> 01:23:04.160]  And then he asked the vice president and asked this gentleman, he said, have you made any copies of this and how many people have you showed this to?
[01:23:04.160 --> 01:23:15.160]  And he said, at this point he realized, okay, that this document had some kind of value to this vice president.
[01:23:15.160 --> 01:23:26.160]  So he knew to answer his questions accordingly. So he told the vice president that he doesn't have the document, okay?
[01:23:26.160 --> 01:23:31.160]  Or that he didn't make copies of the document and that this was his only one.
[01:23:31.160 --> 01:23:49.160]  Now, the vice president then immediately when he realizes that this is his only one and he needs to clean up what kind of information has just left the internal records, he tells this gentleman, this is what you're going to do.
[01:23:49.160 --> 01:23:52.160]  You are going to give me this document.
[01:23:52.160 --> 01:24:02.160]  If you do not, give me this document. By the time you get home, you will have U.S. Treasury agents at your door. So this guy was serious.
[01:24:02.160 --> 01:24:11.160]  Now, he gave him that document and of course he did make copies of it so we were fortunate enough to see a copy of it.
[01:24:11.160 --> 01:24:26.160]  And what this document is, is a simple screenshot of the money creation transaction. When you signed on the dotted line, the poof, creation of money.
[01:24:26.160 --> 01:24:33.160]  This document actually shows that they have software that they use because obviously everything is electronic in our world today.
[01:24:33.160 --> 01:24:46.160]  So the software showed the creation of the money from the Federal Reserve Bank of New York and it's an accounting record of the money flow.
[01:24:46.160 --> 01:24:53.160]  So what it shows is the money created in the Federal Reserve Bank of New York.
[01:24:53.160 --> 01:25:09.160]  It was then transferred to the nearest regional Federal Reserve Bank to the borrower. In this case, the immigrant borrower being in California, they transferred it to the Federal Reserve Bank of San Francisco.
[01:25:09.160 --> 01:25:21.160]  The next transaction, so you actually see the accounting transfer of money, the next transfer is from the Federal Reserve Bank of San Francisco to an issuing entity.
[01:25:21.160 --> 01:25:31.160]  So an entity that is issuing something. Right next to the issuing entity is the borrower's name.
[01:25:31.160 --> 01:25:47.160]  So this particular immigrant is the issuing entity. So what the accounting records are showing in this particular software is that the money went from the Federal Reserve Bank of New York to San Francisco from San Francisco to you, the borrower.
[01:25:47.160 --> 01:25:58.160]  Well, you think you're the borrower. Now you as the issuing entity on this paperwork, you then transfer the money, believe it or not, to the lender.
[01:25:58.160 --> 01:26:11.160]  Now the lender is the person who actually quote-unquote lent you the money on the promissory note, but according to the actual accounting transactions, you transferred it as the issuing entity to the lender.
[01:26:11.160 --> 01:26:20.160]  And then the last transaction, it shows the lender to the borrower. And it says the borrower, you, your name.
[01:26:20.160 --> 01:26:33.160]  Now the interesting thing about this, and the reason why it's so interesting, is by the borrower's name, they had an interesting set of digits.
[01:26:33.160 --> 01:26:53.160]  And it just so happened to be that these digits were his actual work visa numbers. So using his work visa, they created money out of thin air and attached it to them, to this particular immigrant borrower in a transaction in which you actually lent money to your lender,
[01:26:53.160 --> 01:27:04.160]  because your signature was powerful enough to create the money in the first place. They then fools you into believing they lent the money to you, when in reality you lent it to them.
[01:27:04.160 --> 01:27:14.160]  That's what this document shows. And it's a program, gosh, I forget the money net, I believe, money, internet money.
[01:27:14.160 --> 01:27:23.160]  It's an interesting program, and it's an internal program with all the Federal Reserve banks.
[01:27:23.160 --> 01:27:33.160]  So if you're part of the Federal Reserve network, internally this software is used for every transaction, basically.
[01:27:33.160 --> 01:27:48.160]  So the creation of money ultimately goes from the Fed to you, to your lender, to you, again, as the borrower, times interest.
[01:27:48.160 --> 01:28:01.160]  So this particular paperwork, going back to the story, the Vice President, at the end of the conversation after he said, I'm going to take this document,
[01:28:01.160 --> 01:28:17.160]  he says, I retire in two years and you are not about to, I took a pause because everybody knows why, you are not about to mess with my retirement.
[01:28:17.160 --> 01:28:29.160]  So this Vice President had told this gentleman, after the Vice President believed that the only living copy of this document in the general public was destroyed,
[01:28:29.160 --> 01:28:47.160]  that this document could in fact eliminate his entire retirement, meaning it could destroy the entire market or banking industry if the public understood what was actually happening.
[01:28:47.160 --> 01:29:02.160]  Well, I've listened to this, and I have heard this story before, not about this document, but about how the money is created from your signature.
[01:29:02.160 --> 01:29:11.160]  It is, and there's actual patents and service marks and trademarks and contracts and agreements, and it's all interconnected.
[01:29:11.160 --> 01:29:18.160]  I never have gotten all of the pieces put into place.
[01:29:18.160 --> 01:29:37.160]  I'll address what my issue on this is when we come back on the other side, but this, you know, as I look at it, it looks like we're creating money into existence and then taking it back out of existence.
[01:29:37.160 --> 01:29:45.160]  So it only really appears as though we're creating money, and this all has to do with the velocity of money and not the quantity of money.
[01:29:45.160 --> 01:29:47.160]  This is Randy Coutts and Deborah Stevenson, very great.
[01:29:47.160 --> 01:29:59.160]  We'll move our radio, and we'll be right back on the other side.
[01:29:59.160 --> 01:30:05.160]  This is Building 7, a 47-story skyscraper that fell on the afternoon of September 11.
[01:30:05.160 --> 01:30:07.160]  The government says that fire brought it down.
[01:30:07.160 --> 01:30:12.160]  However, 1,500 architects and engineers have concluded it was a controlled demolition.
[01:30:12.160 --> 01:30:15.160]  Over 6,000 of my fellow service members have given their lives.
[01:30:15.160 --> 01:30:18.160]  And thousands of my fellow force respondents have died.
[01:30:18.160 --> 01:30:19.160]  I'm not a conspiracy theorist.
[01:30:19.160 --> 01:30:20.160]  I'm a structural engineer.
[01:30:20.160 --> 01:30:21.160]  I'm a New York City correction officer.
[01:30:21.160 --> 01:30:22.160]  I'm an Air Force pilot.
[01:30:22.160 --> 01:30:24.160]  I'm a father who lost his son.
[01:30:24.160 --> 01:30:27.160]  We're Americans, and we deserve the truth.
[01:30:27.160 --> 01:30:31.160]  Go to RememberBuilding7.org today.
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[01:30:55.160 --> 01:31:00.160]  what the true intent of law really is.
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[01:32:25.160 --> 01:32:29.160]  You can't hide me if I'm nobody.
[01:32:29.160 --> 01:32:32.160]  Chipping on your mom, chipping on your daddy.
[01:32:32.160 --> 01:32:34.160]  Chipping on your grandpa and your grandma.
[01:32:34.160 --> 01:32:36.160]  Chipping on me, chipping on your baby.
[01:32:36.160 --> 01:32:39.160]  Chipping on your family, whole family.
[01:32:39.160 --> 01:32:41.160]  Chipping on your dad and they kept around me.
[01:32:41.160 --> 01:32:43.160]  Chipping on the bee, when you still got EP.
[01:32:43.160 --> 01:32:46.160]  Chipping on the fish, them all in the sea.
[01:32:46.160 --> 01:32:48.160]  Chipping on the shark and the real around me.
[01:32:48.160 --> 01:32:51.160]  You must be mankind, go and check quickly.
[01:32:51.160 --> 01:32:54.160]  Check the clinical, man, they want to repeat.
[01:32:54.160 --> 01:32:56.160]  Social security, they've got to help you.
[01:32:56.160 --> 01:32:58.160]  Number with them, give me them, repeat what you see.
[01:32:58.160 --> 01:33:01.160]  I'm chipping you in the morning, chipping you in the evening.
[01:33:01.160 --> 01:33:03.160]  Chipping you while I'm doing my time.
[01:33:03.160 --> 01:33:05.160]  Experiment and mankind.
[01:33:05.160 --> 01:33:08.160]  Put man in to say them behind me.
[01:33:08.160 --> 01:33:10.160]  When you want to check, man, you have your body.
[01:33:10.160 --> 01:33:13.160]  Freedom has something, man, you fight for me.
[01:33:13.160 --> 01:33:17.160]  You should tell them that if you read the constitution, set us free.
[01:33:17.160 --> 01:33:22.160]  Plant it, then put no chipping in your body. Put no chipping in your dog or cat, you see.
[01:33:22.160 --> 01:33:24.160]  Put no chipping in a yoke or one go eat it.
[01:33:24.160 --> 01:33:27.160]  Put no chipping in a fish or go eat it.
[01:33:27.160 --> 01:33:29.160]  All in the wheel and the shark in the sea.
[01:33:29.160 --> 01:33:32.160]  Put in the little chip in the little baby.
[01:33:32.160 --> 01:33:34.160]  Want to put the chip in a gun for you, see.
[01:33:34.160 --> 01:33:36.160]  Want to put the little chip in a diamond body.
[01:33:36.160 --> 01:33:39.160]  Give me go hide in the Atlantis, see.
[01:33:39.160 --> 01:33:41.160]  Man didn't have to lie to me, she got to find me.
[01:33:41.160 --> 01:33:44.160]  Satellite bags, satellite get hungry.
[01:33:44.160 --> 01:33:47.160]  She then used me to crush off your feet.
[01:33:47.160 --> 01:33:49.160]  Chipping out the morning, chipping out the evening.
[01:33:49.160 --> 01:33:51.160]  Chipping out your body.
[01:33:51.160 --> 01:33:53.160]  Okay, we are back.
[01:33:53.160 --> 01:33:55.160]  We're in Calcutta, Stephen Bay Cray.
[01:33:55.160 --> 01:33:57.160]  We're on radio.
[01:33:57.160 --> 01:34:00.160]  And we're talking with our special guest, Batti Arnie.
[01:34:00.160 --> 01:34:04.160]  And we have a question on point from a caller.
[01:34:04.160 --> 01:34:07.160]  So we're going to go to Chris in Texas.
[01:34:07.160 --> 01:34:10.160]  Chris, you have a question or comment?
[01:34:10.160 --> 01:34:12.160]  Comment, yes.
[01:34:12.160 --> 01:34:17.160]  But it sounds like what you're speaking about is it more of an
[01:34:17.160 --> 01:34:23.160]  offer and acceptance where I know from being in the industry,
[01:34:23.160 --> 01:34:28.160]  the escrow company actually creates the figures.
[01:34:28.160 --> 01:34:34.160]  They cannot move forward until a lender approves those figures.
[01:34:34.160 --> 01:34:37.160]  Then they bring it to you, the borrower,
[01:34:37.160 --> 01:34:42.160]  and gets your acceptance by your signature on those papers,
[01:34:42.160 --> 01:34:44.160]  which then goes to the lender,
[01:34:44.160 --> 01:34:47.160]  and once they put their signature on it,
[01:34:47.160 --> 01:34:50.160]  would create the offer and acceptance.
[01:34:50.160 --> 01:34:55.160]  Yeah, it's part of that initial agreement where you are a
[01:34:55.160 --> 01:34:58.160]  business partner to your lender.
[01:34:58.160 --> 01:35:01.160]  You are a part of the borrowing base.
[01:35:01.160 --> 01:35:04.160]  And the money that is being borrowed,
[01:35:04.160 --> 01:35:07.160]  there are stipulations to that money.
[01:35:07.160 --> 01:35:12.160]  And the stipulations are that the borrowing base,
[01:35:12.160 --> 01:35:15.160]  it would be you because you're borrowing the money that was
[01:35:15.160 --> 01:35:16.160]  borrowed, correct?
[01:35:16.160 --> 01:35:17.160]  You're the borrowing base.
[01:35:17.160 --> 01:35:20.160]  There are stipulations where the borrowing base is actually
[01:35:20.160 --> 01:35:21.160]  giving up things.
[01:35:21.160 --> 01:35:23.160]  Even, let me give you, for example,
[01:35:23.160 --> 01:35:25.160]  water and mineral rights.
[01:35:25.160 --> 01:35:27.160]  In these certain agreements,
[01:35:27.160 --> 01:35:31.160]  it states that the borrowing base is giving up literally everything.
[01:35:31.160 --> 01:35:34.160]  You, as a borrower, have no clue that you're giving up everything.
[01:35:34.160 --> 01:35:38.160]  You just simply think you're putting up the property as collateral
[01:35:38.160 --> 01:35:40.160]  and your social security, right?
[01:35:40.160 --> 01:35:43.160]  You know, your credit rating, you're tying it to your loan.
[01:35:43.160 --> 01:35:46.160]  You don't have any clue that there are stipulations to the money
[01:35:46.160 --> 01:35:49.160]  that your lender borrowed.
[01:35:49.160 --> 01:35:53.160]  And let's add a different perspective now.
[01:35:53.160 --> 01:35:57.160]  What happens if your lender defaults on their agreement?
[01:35:57.160 --> 01:36:00.160]  What happens to the money that you borrowed from your lender
[01:36:00.160 --> 01:36:05.160]  that they borrowed from someone else?
[01:36:05.160 --> 01:36:10.160]  I want you to think of it in a perspective where if your lender,
[01:36:10.160 --> 01:36:15.160]  for example, was New Century, okay, who's a mortgage broker,
[01:36:15.160 --> 01:36:19.160]  and New Century has a loan with Morgan Stanley,
[01:36:19.160 --> 01:36:23.160]  they have an agreement where they are the borrower in a loan
[01:36:23.160 --> 01:36:28.160]  from Morgan Stanley, and then you had a loan with New Century
[01:36:28.160 --> 01:36:32.160]  and you're currently paying your payments on time today.
[01:36:32.160 --> 01:36:34.160]  New Century went out of business,
[01:36:34.160 --> 01:36:36.160]  which means they defaulted on their contract,
[01:36:36.160 --> 01:36:39.160]  which means that because of this agreement,
[01:36:39.160 --> 01:36:43.160]  it states that everything that New Century owns
[01:36:43.160 --> 01:36:46.160]  and all the assets and everything, all the collateral they put up
[01:36:46.160 --> 01:36:49.160]  in that agreement, including you being in the borrower base,
[01:36:49.160 --> 01:36:54.160]  gets automatically transferred back to the lender in these agreements,
[01:36:54.160 --> 01:36:56.160]  which would be Morgan Stanley.
[01:36:56.160 --> 01:36:59.160]  So what I am ultimately saying is a lot of these agreements
[01:36:59.160 --> 01:37:03.160]  are now becoming more and more in default,
[01:37:03.160 --> 01:37:05.160]  these behind the scenes agreements,
[01:37:05.160 --> 01:37:07.160]  because a lot of brokers are going out of business,
[01:37:07.160 --> 01:37:14.160]  a lot of banks are being consolidated or are failing by the day.
[01:37:14.160 --> 01:37:18.160]  So these agreements put you into default.
[01:37:18.160 --> 01:37:22.160]  So as a homeowner or a borrower, how you are harmed
[01:37:22.160 --> 01:37:27.160]  is the fact that there was a transaction behind the scenes
[01:37:27.160 --> 01:37:30.160]  that put your property in jeopardy
[01:37:30.160 --> 01:37:33.160]  and put your personal property in jeopardy.
[01:37:33.160 --> 01:37:35.160]  And how did it put your property in jeopardy?
[01:37:35.160 --> 01:37:41.160]  Well, it simply put you in a, you became a part of a casino game
[01:37:41.160 --> 01:37:47.160]  and your lender, if your lender defaults, you automatically default.
[01:37:47.160 --> 01:37:51.160]  It's almost like musical chairs.
[01:37:51.160 --> 01:37:54.160]  You're going around the room for people,
[01:37:54.160 --> 01:37:56.160]  but there's only two chairs.
[01:37:56.160 --> 01:38:00.160]  You know, if the music stops and you don't sit on the chair,
[01:38:00.160 --> 01:38:02.160]  you're going to fail.
[01:38:02.160 --> 01:38:06.160]  Now, if the new sentry was your lender and they went out of business,
[01:38:06.160 --> 01:38:10.160]  so they failed, that means all the loans that they created
[01:38:10.160 --> 01:38:13.160]  automatically now are owned by Morgan Stanley,
[01:38:13.160 --> 01:38:15.160]  and they're in default,
[01:38:15.160 --> 01:38:19.160]  which means that everything that the borrowing base
[01:38:19.160 --> 01:38:22.160]  put up as collateral in that agreement
[01:38:22.160 --> 01:38:26.160]  is basically able to be taken by Morgan Stanley.
[01:38:26.160 --> 01:38:30.160]  Are we beginning to kind of understand where you are being harmed
[01:38:30.160 --> 01:38:32.160]  in this agreement?
[01:38:32.160 --> 01:38:36.160]  What you're saying is basically the same thing Bank of America did
[01:38:36.160 --> 01:38:40.160]  with taking over all these smaller companies' assets
[01:38:40.160 --> 01:38:44.160]  when they went out of business.
[01:38:44.160 --> 01:38:49.160]  If you can kind of explain a little bit more, you think you're on the right track,
[01:38:49.160 --> 01:38:52.160]  but kind of expand on that thought a little bit.
[01:38:52.160 --> 01:38:57.160]  Well, Bank of America paid absolutely no money for the companies
[01:38:57.160 --> 01:39:02.160]  that were mortgage companies when they were in business
[01:39:02.160 --> 01:39:07.160]  and then they went out of business and they were supposed to be the,
[01:39:07.160 --> 01:39:11.160]  I forget what they call it, the mortgage servicer, I guess,
[01:39:11.160 --> 01:39:14.160]  and Bank of America comes in
[01:39:14.160 --> 01:39:19.160]  and they magically now, without paying any money for them, own them.
[01:39:19.160 --> 01:39:23.160]  Yes, yes, and that's because what happens is
[01:39:23.160 --> 01:39:27.160]  they have these back-end agreements that I'm explaining to you,
[01:39:27.160 --> 01:39:32.160]  and so ultimately they put the mortgage broker
[01:39:32.160 --> 01:39:37.160]  or the lower-end bank or a local bank or a regional bank,
[01:39:37.160 --> 01:39:40.160]  someone smaller than them basically,
[01:39:40.160 --> 01:39:45.160]  they put them in a transaction in which it's ultimately going to fail.
[01:39:45.160 --> 01:39:50.160]  So when it does fail, everything in that agreement transfers over to them.
[01:39:50.160 --> 01:39:55.160]  So in the sense of, let's just say there was A, B, and C mortgage
[01:39:55.160 --> 01:39:58.160]  and they had an agreement where they borrowed money from Bank of America,
[01:39:58.160 --> 01:40:02.160]  as you were putting it, if they went out of business,
[01:40:02.160 --> 01:40:05.160]  Bank of America would take over everything automatically.
[01:40:05.160 --> 01:40:10.160]  That includes all the collateral and everything that was put up.
[01:40:10.160 --> 01:40:15.160]  So you were a party to that agreement and you were the collateral
[01:40:15.160 --> 01:40:20.160]  and you were put up without you even being disclosed.
[01:40:20.160 --> 01:40:26.160]  Okay, I think I have a monkey wrench to throw at all this.
[01:40:26.160 --> 01:40:30.160]  I've been sitting here trying to sort this out.
[01:40:30.160 --> 01:40:37.160]  I saw the document that constituted the trade between
[01:40:37.160 --> 01:40:41.160]  Washington Mutual and JPMorgan Chase,
[01:40:41.160 --> 01:40:46.160]  where JPMorgan Chase took over all of the assets of Washington Mutual
[01:40:46.160 --> 01:40:49.160]  and JPMorgan Chase paid $0.
[01:40:49.160 --> 01:40:52.160]  Yes, it did. They actually don't.
[01:40:52.160 --> 01:40:59.160]  However, what JPMorgan received from Washington Mutual
[01:40:59.160 --> 01:41:06.160]  were a great number of assets in the form of promissory notes.
[01:41:06.160 --> 01:41:17.160]  But they also took over from Washington Mutual those funds that the lender created
[01:41:17.160 --> 01:41:23.160]  and withdrew from the Federal Reserve.
[01:41:23.160 --> 01:41:28.160]  They took over that debt of those monies removed from the Federal Reserve
[01:41:28.160 --> 01:41:30.160]  and had to be paid back.
[01:41:30.160 --> 01:41:37.160]  So essentially, JPMorgan didn't gain anything immediately
[01:41:37.160 --> 01:41:43.160]  where they would gain is the extra money they receive
[01:41:43.160 --> 01:41:48.160]  for doing the collections for being the service that they get,
[01:41:48.160 --> 01:41:52.160]  like 2% of whatever is paid in.
[01:41:52.160 --> 01:41:56.160]  And then they distribute this money out, they get it all in,
[01:41:56.160 --> 01:42:02.160]  so JPMorgan really just became a collection agency
[01:42:02.160 --> 01:42:05.160]  in place of Washington Mutual.
[01:42:05.160 --> 01:42:08.160]  Yes, they did. You're absolutely right.
[01:42:08.160 --> 01:42:10.160]  You want to know what else they became?
[01:42:10.160 --> 01:42:12.160]  They also became...
[01:42:12.160 --> 01:42:16.160]  When you are the servicer, let's put it this way, guys,
[01:42:16.160 --> 01:42:20.160]  the servicer is the connection between the trust
[01:42:20.160 --> 01:42:26.160]  where the group of loans that this person is servicing
[01:42:26.160 --> 01:42:28.160]  is owned by a group of investors.
[01:42:28.160 --> 01:42:30.160]  We're going to call it the trust.
[01:42:30.160 --> 01:42:31.160]  So your loan is in a trust.
[01:42:31.160 --> 01:42:35.160]  The pass-through, as Randy spoke of earlier, pass-through.
[01:42:35.160 --> 01:42:40.160]  Now, the servicer is the only sense of communication
[01:42:40.160 --> 01:42:45.160]  between the borrower and the trust.
[01:42:45.160 --> 01:42:49.160]  So just imagine this now.
[01:42:49.160 --> 01:42:53.160]  You are the originator.
[01:42:53.160 --> 01:42:57.160]  And you bet that a particular loan is going to fail.
[01:42:57.160 --> 01:43:00.160]  Then you sold that loan, bet against it,
[01:43:00.160 --> 01:43:03.160]  and then you held the servicer position.
[01:43:03.160 --> 01:43:06.160]  Not only are you making cash flow, as you pointed out,
[01:43:06.160 --> 01:43:09.160]  which could be up to two points, sometimes even more,
[01:43:09.160 --> 01:43:14.160]  but what you're also ultimately doing is you're in control
[01:43:14.160 --> 01:43:18.160]  of how you treat the client.
[01:43:18.160 --> 01:43:20.160]  I'm sure a lot of you have heard of the stories
[01:43:20.160 --> 01:43:25.160]  of how basically lenders have swindled borrowers into foreclosure.
[01:43:25.160 --> 01:43:27.160]  There's a reason for that.
[01:43:27.160 --> 01:43:29.160]  Again, when you're the servicer position,
[01:43:29.160 --> 01:43:35.160]  that means you are the position between the trust of investors
[01:43:35.160 --> 01:43:37.160]  and the borrower.
[01:43:37.160 --> 01:43:38.160]  You are the middleman.
[01:43:38.160 --> 01:43:40.160]  You control it all.
[01:43:40.160 --> 01:43:45.160]  Yes, and we will finish up in the next segment.
[01:43:45.160 --> 01:43:47.160]  The last segment's coming up.
[01:43:47.160 --> 01:43:50.160]  This is Randy Kelton, Debra Stephens, Eddie Craig,
[01:43:50.160 --> 01:43:51.160]  NewsLaw radio.
[01:43:51.160 --> 01:43:52.160]  Hang on, Chris.
[01:43:52.160 --> 01:44:21.160]  We'll be right back.
[01:44:22.160 --> 01:44:24.160]  We'll be right back.
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[01:45:25.160 --> 01:45:27.160]  and now you can too.
[01:45:27.160 --> 01:45:30.160]  Jurisdictionary was created by a licensed attorney
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[01:45:38.160 --> 01:45:40.160]  about the principles and practices
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[01:46:00.160 --> 01:46:26.160]  Okay, we are back.
[01:46:26.160 --> 01:46:28.160]  Randy Kelton, Debra Stephens, Eddie Craig,
[01:46:28.160 --> 01:46:31.160]  NewsLaw radio, and we're talking to Barry Arnie
[01:46:31.160 --> 01:46:37.160]  about mortgage-backed securities and bank finagling.
[01:46:37.160 --> 01:46:42.160]  I've spent a lot of time looking at these transfers,
[01:46:42.160 --> 01:46:46.160]  and it looks as though, you know,
[01:46:46.160 --> 01:46:50.160]  on the surface we say that J.P. Morgan Chase
[01:46:50.160 --> 01:46:53.160]  got all this from Washington Mutual
[01:46:53.160 --> 01:46:54.160]  and didn't cost him anything.
[01:46:54.160 --> 01:46:58.160]  Well, they got an asset and they got a deficit
[01:46:58.160 --> 01:47:02.160]  at the credit and the debit at the same time.
[01:47:02.160 --> 01:47:06.160]  But in reading the transcripts
[01:47:06.160 --> 01:47:08.160]  of employees of Washington Mutual
[01:47:08.160 --> 01:47:11.160]  who moved over to Chase,
[01:47:11.160 --> 01:47:17.160]  there was one minor little glitch in all of that.
[01:47:17.160 --> 01:47:21.160]  Regardless of how Chase took over
[01:47:21.160 --> 01:47:24.160]  Washington Mutual's assets,
[01:47:24.160 --> 01:47:27.160]  there had to be a transfer.
[01:47:27.160 --> 01:47:33.160]  Washington Chase did not become Washington Mutual.
[01:47:33.160 --> 01:47:36.160]  Washington Mutual did not become Chase.
[01:47:36.160 --> 01:47:39.160]  They were two separate companies.
[01:47:39.160 --> 01:47:43.160]  So when the asset moved from one company
[01:47:43.160 --> 01:47:47.160]  to another company, there had to be a transfer.
[01:47:47.160 --> 01:47:52.160]  And they didn't bother to do that.
[01:47:52.160 --> 01:47:57.160]  So now Chase has a problem in that the asset never moved.
[01:47:57.160 --> 01:48:00.160]  And if Washington Mutual no longer exists
[01:48:00.160 --> 01:48:03.160]  and they didn't transfer the asset,
[01:48:03.160 --> 01:48:08.160]  then they abandoned the claim.
[01:48:08.160 --> 01:48:12.160]  Does that make sense, Fannie?
[01:48:12.160 --> 01:48:16.160]  Well, you know, when it comes to the actual transfer,
[01:48:16.160 --> 01:48:21.160]  it's funny what JPMorgan Chase actually admits in deposition
[01:48:21.160 --> 01:48:24.160]  because last time I checked,
[01:48:24.160 --> 01:48:27.160]  there was an actual deposition where JPMorgan Chase
[01:48:27.160 --> 01:48:31.160]  completely admitted that that transfer actually never happened
[01:48:31.160 --> 01:48:36.160]  and that they actually never received any asset or any note.
[01:48:36.160 --> 01:48:42.160]  That is exactly the deposition I was talking about.
[01:48:42.160 --> 01:48:47.160]  Okay.
[01:48:47.160 --> 01:48:52.160]  All they did was come into Washington Mutual's facilities
[01:48:52.160 --> 01:48:56.160]  and changed the name on the door.
[01:48:56.160 --> 01:48:57.160]  Yep.
[01:48:57.160 --> 01:49:02.160]  Nothing ever actually transferred.
[01:49:02.160 --> 01:49:05.160]  Just like when you sign a mortgage
[01:49:05.160 --> 01:49:10.160]  and you think they pay off your house or they pay the seller,
[01:49:10.160 --> 01:49:13.160]  you think that transfer happened?
[01:49:13.160 --> 01:49:15.160]  No, it never really happened.
[01:49:15.160 --> 01:49:18.160]  You actually gave them the ability with your signature
[01:49:18.160 --> 01:49:21.160]  to go and create money from the Federal Reserve.
[01:49:21.160 --> 01:49:22.160]  That's what happened.
[01:49:22.160 --> 01:49:26.160]  Yeah, this is the part that I've had trouble understanding
[01:49:26.160 --> 01:49:28.160]  how it functions.
[01:49:28.160 --> 01:49:36.160]  The concept I have is your signature tells the Federal Reserve
[01:49:36.160 --> 01:49:39.160]  in order to maintain the velocity of money.
[01:49:39.160 --> 01:49:47.160]  We're going to create X amount of dollars on the legislative sheet
[01:49:47.160 --> 01:49:50.160]  and we're going to put them on this guy's ledger
[01:49:50.160 --> 01:49:54.160]  and we're going to charge it against his reserve.
[01:49:54.160 --> 01:49:59.160]  And then as he collects these dollars back in,
[01:49:59.160 --> 01:50:01.160]  he's going to put it back in the reserve
[01:50:01.160 --> 01:50:04.160]  and we're going to balance this thing out.
[01:50:04.160 --> 01:50:08.160]  That way they don't have to actually print money.
[01:50:08.160 --> 01:50:11.160]  They created out of thin air,
[01:50:11.160 --> 01:50:15.160]  but when it's paid back in, it goes,
[01:50:15.160 --> 01:50:19.160]  it disappears into the thin air that it came from.
[01:50:19.160 --> 01:50:22.160]  That appears to be the idea
[01:50:22.160 --> 01:50:25.160]  and that gives us philosophy of money
[01:50:25.160 --> 01:50:28.160]  where we don't have to print up all these big green dollars
[01:50:28.160 --> 01:50:31.160]  and carry them around and trade them back and forth
[01:50:31.160 --> 01:50:35.160]  that we can do it with marks on a ledger.
[01:50:35.160 --> 01:50:40.160]  So it's not exactly like we're just creating money out of air
[01:50:40.160 --> 01:50:43.160]  and it's permanent money.
[01:50:43.160 --> 01:50:48.160]  It's ethereal money that only exists as long as it's outstanding.
[01:50:48.160 --> 01:50:51.160]  As soon as it's paid back, it disappears.
[01:50:51.160 --> 01:50:53.160]  Does that make sense?
[01:50:53.160 --> 01:50:56.160]  Yes, that's exactly how it is.
[01:50:56.160 --> 01:51:04.160]  The problem with that is it leaves so much space in between for finagling.
[01:51:04.160 --> 01:51:07.160]  Oh yeah, between the actual virtual world
[01:51:07.160 --> 01:51:10.160]  where all the money is just digits on the computer screen
[01:51:10.160 --> 01:51:15.160]  and the real world where if you can't survive,
[01:51:15.160 --> 01:51:21.160]  you've got to flip burgers at McDonald's just to earn $10.
[01:51:21.160 --> 01:51:24.160]  Marks on the computer screen.
[01:51:24.160 --> 01:51:27.160]  Oh yeah, it's just marks on the computer screen.
[01:51:27.160 --> 01:51:31.160]  What I'm saying is they're playing with you in a real world
[01:51:31.160 --> 01:51:37.160]  while all the money is in a video game.
[01:51:37.160 --> 01:51:39.160]  You have to work for your money.
[01:51:39.160 --> 01:51:41.160]  They just print it out of scenario.
[01:51:41.160 --> 01:51:46.160]  I mean, if that doesn't get you angry, I don't know.
[01:51:46.160 --> 01:51:56.160]  The real issue that I see in all of this goes back to the derivatives.
[01:51:56.160 --> 01:52:04.160]  And I have for a long time been looking for an audit trail to the derivatives.
[01:52:04.160 --> 01:52:09.160]  If I could show that a lender created this loan,
[01:52:09.160 --> 01:52:17.160]  had me sign on the dotted line and created this money out of thin air
[01:52:17.160 --> 01:52:28.160]  into the over to the seller and then a debit against the lender's reserve.
[01:52:28.160 --> 01:52:33.160]  And then he went down and purchased a private mortgage insurance.
[01:52:33.160 --> 01:52:35.160]  We've tried to get the private mortgage insurance policies.
[01:52:35.160 --> 01:52:37.160]  Never, ever, ever seen one.
[01:52:37.160 --> 01:52:41.160]  And in reading the deed of trust in Covenant 10,
[01:52:41.160 --> 01:52:47.160]  the lender, if they can't find a private mortgage insurance carrier,
[01:52:47.160 --> 01:52:51.160]  then they can hold this money and indemnify themselves with it.
[01:52:51.160 --> 01:52:55.160]  So that's what they appear to be hiding under.
[01:52:55.160 --> 01:52:57.160]  When we say, I want to see the policy.
[01:52:57.160 --> 01:52:59.160]  Well, we couldn't find a policy that was acceptable.
[01:52:59.160 --> 01:53:01.160]  So we just indemnified ourselves with it.
[01:53:01.160 --> 01:53:03.160]  So they never have to show us the policy.
[01:53:03.160 --> 01:53:06.160]  And that's because one doesn't exist.
[01:53:06.160 --> 01:53:12.160]  And what actually exists is a totally unregulated derivative bond
[01:53:12.160 --> 01:53:15.160]  that they put on the note.
[01:53:15.160 --> 01:53:21.160]  And being totally unregulated, there's no way to tell how many of them they got.
[01:53:21.160 --> 01:53:27.160]  And what I think they're doing is they're actually reissuing the note
[01:53:27.160 --> 01:53:31.160]  with different interest rates, dropping it into different pools
[01:53:31.160 --> 01:53:34.160]  and getting a derivative on each one because it wouldn't make sense
[01:53:34.160 --> 01:53:40.160]  for AIG to write 20 insurance policies on one note.
[01:53:40.160 --> 01:53:44.160]  I mean, that would be like shooting themselves in the foot.
[01:53:44.160 --> 01:53:48.160]  But if they've got 20 notes and each one of them is somewhat different.
[01:53:48.160 --> 01:53:53.160]  What if that insurance policy was based on a credit rating that is AAA,
[01:53:53.160 --> 01:53:58.160]  which historically the only thing that receives consistent AAA ratings
[01:53:58.160 --> 01:54:02.160]  in the past is a U.S. Treasury bond, which, by the way,
[01:54:02.160 --> 01:54:06.160]  still happened to have been downgraded to a double A rating not too long ago.
[01:54:06.160 --> 01:54:12.160]  But, you know, I mean, they hid garbage.
[01:54:12.160 --> 01:54:15.160]  Okay, that's the nicest word I could use.
[01:54:15.160 --> 01:54:19.160]  They hid garbage in gold.
[01:54:19.160 --> 01:54:22.160]  Yes, and that's really what they did.
[01:54:22.160 --> 01:54:28.160]  Clearly, these multiple insurance policies, however they did it,
[01:54:28.160 --> 01:54:33.160]  if they wrote more than one derivative on a single note
[01:54:33.160 --> 01:54:40.160]  or if they took that note, filed it in a pool with a given interest rate
[01:54:40.160 --> 01:54:44.160]  and they took the same note, changed the interest rate and dropped it in another pool
[01:54:44.160 --> 01:54:48.160]  and put another insurance policy and then dropped it in another pool,
[01:54:48.160 --> 01:54:52.160]  put another insurance policy because the pool can only hold a note with a single interest rate.
[01:54:52.160 --> 01:54:57.160]  And they're making money on that one note every time they sell it, too.
[01:54:57.160 --> 01:55:06.160]  Exactly, every time they hold it until it gets to 85% of principal
[01:55:06.160 --> 01:55:12.160]  and then they take this pool of money they got when they sold the notes over and over
[01:55:12.160 --> 01:55:18.160]  and then they force the note into foreclosure and then the derivative insurance policies
[01:55:18.160 --> 01:55:26.160]  pays off each of the investors and the lender walks away with a big pool of money.
[01:55:26.160 --> 01:55:32.160]  Yeah, and remember, ultimately that big pool of money would have never happened
[01:55:32.160 --> 01:55:35.160]  had you not signed on the dotted line.
[01:55:35.160 --> 01:55:42.160]  And I guarantee you, if you knew all that money was going to be created because of your signature,
[01:55:42.160 --> 01:55:45.160]  you might have thought twice about the loan you were getting.
[01:55:45.160 --> 01:55:53.160]  Yes, what I'm looking for is the audit trail of the bonds, insurance policies.
[01:55:53.160 --> 01:55:58.160]  Well, you could find them. I mean, it's kind of just like the trust
[01:55:58.160 --> 01:56:08.160]  where it depends on how much information was extended out on that particular entity or trust.
[01:56:08.160 --> 01:56:13.160]  If I could come to the court and sign a bunch of different derivative companies,
[01:56:13.160 --> 01:56:17.160]  you know, we can find the trails and then other times you can't even find one.
[01:56:17.160 --> 01:56:23.160]  Okay, if I could come to the court and say,
[01:56:23.160 --> 01:56:32.160]  this lender has these three private mortgage insurance policies against this one note.
[01:56:32.160 --> 01:56:38.160]  Therefore, if this lender can force this note into foreclosure,
[01:56:38.160 --> 01:56:46.160]  he will come away with twice the amount of the original principal in profit
[01:56:46.160 --> 01:56:50.160]  after he returns the reserve back to his reserve account.
[01:56:50.160 --> 01:56:53.160]  He'll still have twice the amount of the original principal.
[01:56:53.160 --> 01:57:03.160]  So it is very much in his best interest that I not pay back the original principal that I default.
[01:57:03.160 --> 01:57:08.160]  That's the very reason insurance companies were regulated in the first place.
[01:57:08.160 --> 01:57:13.160]  Yep, insurance brought.
[01:57:13.160 --> 01:57:19.160]  However, they changed the term, not an insurance policy, it's a derivative instrument.
[01:57:19.160 --> 01:57:22.160]  Yeah, they call it a derivative abode.
[01:57:22.160 --> 01:57:31.160]  We don't care what it is as long as it pays them, makes it profitable for them to force us into foreclosure.
[01:57:31.160 --> 01:57:34.160]  And it sure appears that's the case.
[01:57:34.160 --> 01:57:42.160]  And with all these insurance companies needing bailed out for some 10 times the amount of the actual loans that are in existence,
[01:57:42.160 --> 01:57:47.160]  tells us something really, really rotten is going on.
[01:57:47.160 --> 01:57:51.160]  Okay, do you have a few last words for us to say?
[01:57:51.160 --> 01:57:59.160]  Well, you know, everything that we have spoken about today, ladies and gentlemen, is documented fully.
[01:57:59.160 --> 01:58:06.160]  Our company National Mortgage Investigation is dedicated to helping give the upper edge to the people.
[01:58:06.160 --> 01:58:14.160]  The information is out there and if you continue fighting on, we will all achieve success as a people.
[01:58:14.160 --> 01:58:21.160]  We have to do it together and that's the only way that we will be successful in this because there is a lot of writing on us,
[01:58:21.160 --> 01:58:25.160]  the whole future of the world financially because on us.
[01:58:25.160 --> 01:58:27.160]  Thank you very much.
[01:58:27.160 --> 01:58:29.160]  We always appreciate you being on the show.
[01:58:29.160 --> 01:58:32.160]  You're always a wealth of knowledge.
[01:58:32.160 --> 01:58:40.160]  This is Randy Kelton, Debbie Stevens, Eddie Crave, you will be back tomorrow night on our four-hour info marathon.
[01:58:40.160 --> 01:59:08.160]  Thank you all for listening and good night.
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