Mr Cooper Group Inc (COOP)

[justnormal]

Tonight! Paatalo Unveils the Truth About the Chase WAMU deal.6PM EST 3PM PST
Posted on December 12, 2019 by Neil Garfield
Thursdays LIVE! Click in to the WEST COAST Neil Garfield Show
with Charles Marshall and Bill Paatalo
Or call in at [phone], 6pm Eastern Thursdays

Tonight we talk about grandest of thefts.

Bill Paatalo is a private investigator who I compare to a dog with a bone. He never lets go. After years of trying he finally came up with extrinsic proof that the “WAMU” loans claimed to be owned by Chase as a result of the Purchase and Assumption Agreement were neither owned by WAMU nor by Chase as “successor.” Neither the FDIC nor the U.S. Trustee in the WAMU bankruptcy had any control over those loans since they were not in the estate of the entity that went bankrupt or was forced into receivership.

All the documents that were produced by Chase were therefore entirely false, fabricated and fraudulent. Time to write your state legislators and congressional representatives. Until this fraud stops, the economy will continue to hemorrhage money that is badly needed to avoid another recession.

see https://bpinvestigativeagency.com/smoking-gun-proof-that-jpmorgan-chase-never-acquired-beneficial-interest-in-my-wamu-loan-through-the-fdic/

Close examination of Lehman, Aurora, Bear Stearns, Indymac, Wachovia, Wells Fargo, Bank of America and Countrywide and others will reveal the exact same thing. All those foreclosures current, past and future are providing profits to brokerage firms or banks that will never be turned over the the investors who funded the origination or acquisition of the loans.

Theft is not capitalism. The Wall Street firms who engineered this scheme were not capitalists. The capitalists were the investors who advanced the money and the borrowers who signed documents and put up their homes as collateral. Capitalism only works in free markets. Free markets means that there are opposing forces. If information is withheld under circumstances that is is virtually impossible to decipher the true nature of a transaction then there can be no opposing market forces and capitalism fails.

All over the world, starting in the late 1990’s, people, institutions and governmental units have been screwed. But they don’t really understand how it was done and therefore their lawyers have not devised a viable real action to pursue remedies for what is in the final analysis, the greatest economic crime in human history. I think the answer might be disgorgement.

It is my opinion that to this day the original investors still do not fully understand that they are probably entitled to disgorgement of trillions of dollars from Wall Street firms that converted investor money to firm money. It is also my opinion that borrowers are entitled to receive some portion of the disgorgement of compensation and profits arising from origination or acquisition of their loans that were never disclosed.