Take your time with this journal entry so you can fully comprehend what is going on in a nutshell. There is a new short film coming as well. Start first by watching the short film above by pro se litigant Lorayne Souders in Pennsylvania, 12-CV-01074 (Central Dist). She busted the bank for tax fraud on the REMIC issue with an IRS 211 complaint and she is notifying the Court on it. BoA lawyers ignored her QWR request. They were tardy on removal and then lied to the Court about the date of service, she had the certified mail receipts. Not only that, first they said BONY Mellon had no interest in the subject property but then BONY sued for foreclosure and then withdrew it. All of this started after the bank started returning her mortgage payments for no reason at all. I told her in an email yesterday the Court is stalling on her case and that she should prepare for the worst because Courts typically bend the pro se litigant over and nail them as hard as they can because they cannot stand for a revolt on the Plantation. Neil Garfield addressed the matter yesterday as well. It is called "The Wall Street Rule." Here are the salient paragraphs from her Judicial Notice.
3. The Defendants Bank of America, and Bank of New York Mellon, Trustee for CWABS 2007-12 violated the Internal Revenue Code (IRC). The Sections of the IRC which were violated are §§860A-G, §§860D(a)(4) §§860G(A)(3)(A)regarding REMIC status.(Real Estate Mortgage Investment Conduit)
4. The Defendants violated the 90 day requirement imposed by the IRC to ensure that the trust remains a static entity. The date of August 1, 2007 is the last day any mortgages can enter this trust.
Short film coming this morning. This is a straight up text message from last nights Presidential debate between President Barack Obama and Mitt Romney:
Me: "Then they mention dodd frank without mentioning how the banks don't get forced to respond to RESPA LAW mandating answers to consumer info. requests about loan history and documents... These banks are ALL cheating uncle Sam because the goddamn notes never reach the REMIC trust. The REMIC is nonprofit tax free. Instead the notes are being sold and resold often overseas..... It's all a fucking joke but I am not laughing."
And the President is well aware of the corruption and deceit in the banking World, he signed his name to a lawsuit against Citibank back in the Day. The real crime in this is that the Courts seldom hold banks accountable for their actions. When they do, the result is often settlement as noted above in Vought v. Bank of America, 10-CV-02052 (Central Dist. Illinois) because the banks know they have committed fraud on several fronts. I will post the Motion for Settlement tendered by Bank of America later, along with the forensic examination of Cecilia B. May's refi in California. I am aware of the corruption and deceit too. I managed a title insurance company. I attended Barney Frank's Hubert Humphrey award ceremony this spring. Heck, I worked in the very same AG office as CFPB Director Richard Cordray and his assistant Kent Markus is the man primarily responsible for me being hired on after I was a law clerk during law school so I have been there, done that. Now I report about it to the consternation of many judges, banks and their lawyers.