Chris Whalen: Warren's Victory "Angry Calvinists...Her Prescription for Regulation Is Not What We Need Right Now"

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Chris Whalen: Warren’s Victory “Angry Calvinists…Her Prescription for Regulation Is Not What We Need Right Now”

Chris Whalen: Warren’s Victory “Angry Calvinists…Her Prescription for Regulation Is Not What We Need Right Now”

Obviously a NEW Chris Whalen.

Take a look at the old Chris below:

“Years before they can get clear title and actually sell em”

“You guys in the MEDIA have a real tough time…your looking for events, your trying to cover the news minute by minute…”

“THIS IS CANCER”

“There are a lot of investors out there who don’t know what they own… they may own unsecured loans….. trustees that were supposed to do things under state law (and didn’t)… even Fannie and Freddie have issues with this.”

“This is not minutia…this is the Letter of the Law”

“Most securities issues in the United States are governed by New York law”

“Dealer has to deliver to the trustee the notes, that evidence the obligation”

“Trustees have the least duties”

“You have to indemnify them”

image: Business Insider

© 2010-17 FORECLOSURE FRAUD | by DinSFLA. All rights reserved.



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5 Responses to “Chris Whalen: Warren’s Victory “Angry Calvinists…Her Prescription for Regulation Is Not What We Need Right Now””

  1. WHY DO THEY NEED TO GET CLEAR TITLE IF THE BANKS OWN THE PROPERTIES? THEY DONT!

  2. WHo is he kidding! Obiviouslyt the banks dont make jobs they ruin jobs. Read the “Wall Street and the Financial Crisis; Anatomy of a Financial Collape” This risky grey area of banking directly caused the economic crisis and collaspe the loss of millions of incimes directly causing the defaults.

  3. Wahlen takes the American Dream he means bankers dream. The banks have cause the biggest nightmare homeowners, tax payers and investors ever dreamed of.

  4. Charles Reed says:

    Every single loan in Ginnie Mae pools has this problem where none of the loan are able to be foreclosed due to the fact that Ginnie Mae is suppose to have physical possession of the blank Notes.

    However what is being done is that the blank Notes are not being turned over to Ginnie Mae so the play this game, where this alleged collateral is secretly still held by the lender/issuer of the loans so that the local county are unaware of the Note change thereby tricking the land recorders that they still hold the Notes.

    It must be understood that in order to have a lien you must hold the Note, because the Note is the proof that a debt is due to the holder of (holder in due course). Ginnie Mae is trying to pawn off that because the are suppose to be in possession of these blank Notes it allows the lender to stay in title. However state and contract law does not work the way Ginnie Mae is trying to sell us this bad bill of goods.

    We are currently due as taxpayers $24 billion in the false claim plus treble damage that has already occurred out of all the non modified loan of the HAMP program, that were government insured loan.

    It must be understood also the the borrowers where never behind on their mortgage payment because the loan terms had been first violated by the lenders when they relinquish to Ginnie Mae (who is not a lender) were the payments could not be collected because Ginnie as the holder of the Notes could never ever accept the monthly payment nor hire another to collect then for the non lender.

    Fraud is the name of the game!

  5. DolleyMadison says:

    “Screams of unhappiness” – that DB doesn’t know the half of it.

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