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DESCRIPTIONTHE BANKS ARE STEALING HOMES THEY DO NOT OWN! THE LAW STATES THAT ONLY REAL PARTY IN INTEREST - THE SECURITIZED TRUST, MOSTLY LIKELY NOW DISSOLVED BUT STILL IN CONTROL OF ITS ASSETS, CANNOT FORECLOSE EITHER!
- 1.IN THE CIRCUIT COURT OF THE __________________ JUDICIAL CIRCUIT, __________________COUNTY, ILLINOISJP MORGAN CHASE BANK, NATIONAL)ASSOCIATION )Plaintiffs, ))v.)) Case No.)Pro-Se Defendants ))COUNTERCLAIM)) )Pro Se Counter-Plaintiffs ))v.))JP MORGAN CHASE BANK, NA)CHASE HOME FINANCE LLC) DEMAND FOR JURY TRIALWASHINGTON MUTUAL BANK NA )Counter-Defendants)OWNERS SUPPLEMENTAL EVIDENCE COMES NOW Defendants and Counter-claimants __________________, (collectively Owners), proceeding pro se hereby files Supplemental Evidence presenting to the Court pertinent information that has been discovered as a result of further investigation: THE CONSPIRACY 1. The matters raised by the Owners in their affirmative defenses and counterclaimscannot be viewed in a vacuum and need to be viewed in the context of what Chase and otherrelated Bank entities were doing, and are continuing to do, to this day. 2. Defendant and Counter-Plaintiff, __________________has conducted extensiveresearch into the anomalous events transpiring in our country and the world today, and has sought
2. to identify the underlying root cause in such a way that these events make sense. Her journeybegan in ignorance and naivet, grew to incredulity, and ended with Truth. She seeks to exposethis Truth so that our great nation can begin to heal. For unless the problem can be identified, wewill be unable to find a solution. One thing is certain: a cancer is infecting our Nation and must beexcised now. This cancer has been present for decades as evidenced in attorney Ellen BrownsWeb of DebtThe 1890s were plagued by an economic depression that was nearly as severe asthe Great Depression of the 1930s. The farmers lived like serfs to the bankers,having mortgaged their farms, their equipment, and sometimes even the seedsthey needed for planting. They were charged so much by a railroad cartel forshipping their products to market that they could have more costs and debts thanprofits. The farmers were as ignorant as the Scarecrow of banking policies; whilein the cities, unemployed factory workers were as frozen as the Tin Woodmanfrom the lack of a free-flowing supply of money to oil the wheels of industry. Inthe early 1890s, unemployment had reached 20 percent. The crime rate soared,families were torn apart, racial tensions boiled. The nation was in chaos. Radicalparty politics thrived.3.Like any investigator, one need simply follow the money and ask who benefitedfrom this crisis, who made off with Trillions and who is NOT being prosecuted, for then one willbe led directly to the culprits. Those culprits are Insiders at the privately-owned Federal Reserve,Wall Street, JP Morgan Chase, Citigroup, Bank of America, HSBC, and Goldman Sachs (theConspirators) which are currently engaged in a systematic multi-faceted course of conduct, aConspiracy, in every state in these United States of America, and the world to bring about aneconomic collapse of the monetary system utilized by most of the countries in this world - a fiat-based monetary system which is a veritable ticking time bomb due to explode soon. Upon theinevitable collapse of this system, it is speculated that the Conspirators will unveil a Globalmonetary system which will allow them to perpetuate their scam of printing fake money andcharging interest on that fake money thereby having the power and control over the world - aposition they have covertly held for centuries.4.Indisputable evidence has emerged from investigations by the SEC, FBI, FTC,FDIC and various other governmental agencies which expose the Conspirators scheme resultingin the greatest shift of assets from the middle class to the wealthiest around the world. Although 3. these allegations may sound incredulous, the facts and events unfolding in our world fullycorroborate them. 5.The Conspirators, supposedly among the best and brightest on Wall Street, theFederal Reserve and the five largest banks, are paid Millions of dollars for their superior intellect,but said Conspirators allege that not one of them had an inkling that an economic crisis wasbrewing, in direct contradiction to what others on Wall Street were saying. 6.According to Nomi Prins, former Goldman Sachs analyst who authored It Takesa Pillage, Rolling Stone Wall Street reporter Matt Taibbi, who authored Griftopia, andMichael Lewis who authored The Big Short, those on Wall Street who were not insidersabsolutely knew that something was happening which prompted some to look deeper into thesale of Mortgage-Backed securities. They soon discovered that even though these securities wererated AAA, meaning they were low risk investments, they were, as revealed in Congressionalhearings, pieces of crap. Any rational person would ask why these highly respected firmswould sell AAA-rated pieces of crap? Herein lies a paradox. 7.In fact, many Wall Street outsiders felt that a house of cards was intentionallybeing set up, which was validated in a CNBC documentary entitled House of Cards whichcited the following quotation from an internal Wall Street email dated 12/15/2006: Lets hope were all wealthy and retired by the time this house of cards falters. 8.In the January 2011 Financial Crisis Inquiry Commission (FCIC) Report - Pgxx- stated: In the years leading up to the crisis many financial institutions borrowed to the hilt, leaving them vulnerable to financial distress or ruin if the value of their investments declined even modestly. For example, as of 2007 the five major investment banksBear Stearns, Goldman Sachs, Lehman Brothers, Merrill Lynch, and Morgan Stanleywere operating with extraordinarily thin capital. By one measure, their leverage ratios were as high as 40 to 1, meaning for every $40 in assets, there was only $1 in capital to cover losses. Less than a 3% drop in asset values could wipe out a firm. To make matters worse, much of their borrowing was short-term, in the overnight marketmeaning the borrowing had to be renewed each and every day. For example, at the end of 2007, Bear Stearns had $11.8 billion in equity and $383.6 billion in liabilities and was borrowing as much as $70 billion in the overnight market. It was the equivalent of a small business 4. with $50,000 in equity borrowing $1.6 million, with $296,750 of that due each and every day. One cant really ask What were they thinking? when it seems that too many of them were thinking alike. And the leverage was often hiddenin derivatives positions, in off-balance-sheet entities, and through window dressing of financial reports available to the investing public. The kings of leverage were Fannie Mae and Freddie Mac, the two behemoth government-sponsored enterprises (GSEs). For example, by the end of 2007, Fannies and Freddies combined leverage ratio, including loans they owned and guaranteed, stood at 75 to 1.9.On 3-15-2012 Economist Charles Kadlec, writer for The Daily Reckoning andmember of the Economic Advisory Board of the American Principles Project reported thefollowing in an article entitled Tim Geithner Covers for Corruption on PennsylvaniaAvenue: The government through Fannie Mae and Freddie Mac directed $5.2 trillion (that is trillion with a T) of capital to increase the supply of mortgages. In addition, it passed a law that required banks to make billions of dollars in loans to individuals that were unlikely to pay off the loans, in the end with 0% down. In 1998, Fannie Mae announced it would purchase mortgages with only 3% down. And, in 2001, it offered a program that required no down payment at all. Between 2001 and 2004, subprime mortgages grew from $160 billion to $540 billion. And between 2005 and 2007, Fannie Maes acquisition of mortgages with less than 10% down almost tripled. These loans are now known as subprime and alt A loans. At the time they were made, Fannie Mae and Freddie Mac encouraged their issuance by lowering their standards and buying them up from the now vilified mortgage brokers, S&Ls, banks and Wall Street investment banks. This activity was not due to a lack of regulation or oversight as you (Treasury Secretary Geithner) claim. Both companies are under the direct supervision of a federal regulator and Congress. At the time these loans were being purchased by these two Government Sponsored Enterprises, their actions were defended by many in Congress who, led by Senator Chris Dodd and Congressman Barney Frank, saw such reckless lending as a successful government initiative. At the same time, the easy money policies of the Federal Open Market Committee, of which you were a voting member, were feeding an asset bubble in residential real estate, providing what proved to be an irresistible lure not only for speculators, but also for American families trying desperately to buy a house before inflation robbed them of their chance for home ownership. Six top executives of Fannie Mae and Freddie Mac have been charged by the Securities and Exchange Commission with securities fraud for hiding the size of the purchases of low quality mortgages from the market. In addition, the normal check on excessive leverage provided by unwilling lenders was overwhelmed by the perception, now validated, that Fannie 5. Mae and Freddie Mac debt were backed by the full faith and credit of the federal government. This created a willing buyer backed by the federal government with unlimited access to credit markets and a trillion dollar budget. No wonder S&Ls and Wall Street found ways to satisfy the demand. Blaming a lack of regulation for the subsequent losses is political spin meant to cover up the greed and corruption on Pennsylvania Avenue that led to the crisis. these two state sponsored financial giants have cost taxpayers more than $140 billion and are seeking billions more in bailout funds. 10.Any rational person would ask, as the FCIC Report pondered, What werethey thinking. And more important: What are they up to? These highly questionableanomalies would prompt any rational person to ask the follow