Westpac Exposed In World's Largest Mortgage and Loan Fraud - All Banks Do This
Remember, they cannot do what they are doing unless they first tell you and you then give your tacit consent and comply through YOUR SILENCE.
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V for Vegemite Video Link: Australian Bank Exposed In World’s Largest Mortgage & Loan Fraud
Reshared from V for Vegemite
Financial Titanic - Nuclear MOAB (mother of all bombs or Massive Ordinance Air Blast)
Since the GFC in 2007 where billions of dollars did not get wiped from the stock market, but rather changed hands from the poor to the rich, banks have not changed their practices. Instead, they continued to defraud their customers even more only using a different name for the same strategy.
The year is now 2024. This video exposes Westpac Banking Corporation who along with all the other big banks, collude amongst themselves to commit the largest banking, mortgage and loan fraud in history whilst pocketing billions from your blood, sweat and tears and you don't know about it.
Lewis Ranieri – 1970s inventor of mortgage bonds
‘You might not know who he (Lewis Ranieri) is but the changed your life more than Michael Jordan, the iPod & You Tube put together. Lewis changed banking forever with one simple idea.’
Collaterized Debt Obligation (CDO) is important to understand because it’s what allowed a housing crisis to become a nationwide economic disaster.
Banks took the money the American people gave them and used it to pay themselves huge bonuses and lobby the Congress that killed big reform. And then they blamed immigrants and poor people.
From 2015, big banks started selling billions in something called Bespoke Tranche Opportunity which is just another name for a CDO. A structured asset backed security, originally developed as an instrument for the corporate debt. After 2002, CDO’s became vehicles for refinancing mortgage-backed securities.
BANK MORTGAGE BUSINESS IS AN UNCONSCIONABLE SCAM - THEY DO NOT LOAN MONEY!
THIS IS THE PROCESS STEP BY STEP:
1. Borrower signs the bank’s Loan Contract and Mortgage.
2. Borrower’s signature transforms the Loan Contract into a Financial Instrument worth the value of the agreed Loan amount.
3. Bank Fails to disclose to borrower that the borrower created an asset.
4. Loan Contract (Financial Instrument) asset deposited with the bank by borrower.
5. Financial Instrument remains property of borrower since the borrower created it.
6. Bank Fails to disclose the bank’s liability to the borrower for the value of the asset.
7. Bank fails to give borrower a receipt for deposit of the borrower’s asset.
8. New money credit is created on the bank books, credited against the borrower’s financial instrument.
9. Bank fails to disclose to the borrower that the borrower’s signature created new money that is claimed by the bank as a Loan to the borrower.
10. Loan amount credited to an account for borrower’s use.
11. Bank deceives borrower by calling credit a “Loan” when it is an exchange for the deposited asset.
12. Bank deceives public at large by calling this process Mortgage Lending, Loan and similar.
13. Bank deceives borrower by charging Interest and fees when there is no value provided to the borrower by the bank.
14. Bank provides none of its own money so the bank has no consideration in the transaction and so no true contract exists.
15. Bank deceives borrower that the borrower’s self-created credit is a “Loan” from the bank, thus there is no full disclosure so no true contract exists. Borrower is the true creditor in the transaction. Borrower created the money. Bank provided no value.
16. Bank deceives borrower that borrower is Debtor not Creditor
17. Bank Hides its Liability by off balance-sheet accounting and only shows its Debtor ledger in order to deceive the borrower and the Court.
18. Bank demands borrower’s payments without just cause. Deception-theft- fraud.
19. Bank sells borrower’s Financial Instrument to a third party for profit.
20. Sale of the Financial Instrument confirms it has intrinsic value as an asset, yet that value is not credited to the borrower as creator and depositor of the Instrument.
21. Bank hides truth from the borrower, not admitting theft, nor sharing proceeds of the sale of the borrower’s Financial Instrument with the borrower.
22. The borrower’s Financial Instrument is converted into a security through a trust or similar arrangement in order to defeat restrictions on transactions of Loan Contracts.
23. The Security including the Loan Contract is sold to investors, despite the fact that such Securitization is Illegal.
24. Bank is not the Holder in Due Course of the Loan Contract .Only the Holder in Due Course can claim on the Loan Contract.
25. Bank deceives the borrower that the bank is Holder in Due Course of the Loan.
Screenshots
Further Highly Recommended Viewing
Link: The Men Who Stole the World (and got away with it)
Until next time.
