More evidence the Notes were DESTROYED
WAMU SHREDDED THE ORIGINAL NOTES
"Various individuals representing JPMC, including JPMC phone reps, JPMC banking branch managers, and even a representative from JPMC's executive offices, had told me that all the missing Washington Mutual original paper loan documents, including the original paper Stehrenberger Promissory Note linked to the loan in dispute, had been “shredded,” and that JPMC did not actually have the original paper documents for any of the Washington Mutual
Naked short selling of American mortgages and the counterfeiting that resulted are responsible for the present threat to homeowner rights. Dematerialization (computer scanning of mortgage notes) and shredding of documents have stripped the banks of their security interest in the loans. All foreclosures need to end until the truth is told.
Counterfeit Fortunes for Criminal Fraudsters and the Wicked Switch of Wall Street
The DTCC allows and enables securities (the actual, paper documents) to become digitized to facilitate ease of trading; the process is called dematerialization.
"I personally destroyed thousands of mortgage documents through the same process using a desk-top scanner."
The banks have destroyed their ownership interest (security) in all the mortgages pre-dating the melt-down and beyond; the pink slip no longer exists.
The banks are involved in a systemic criminal theft-by-deception; they don't own the loans they are attempting to mine through foreclosure, refinance, modification, short-sale, deed-in-lieu and reverse mortgage; in each of these processes they are tricking borrowers into returning the signatures they destroyed, in some instances, decades ago.
In a 2000 Conversation with Freddie Mac, David Whitaker, assistant general counsel at Freddie Mac, said:
"One thing that’s very important I want to point out to you is at the end of Section 6.4 you will notice that despite the fact that we contemplate that most documents that begin on paper might eventually end up being electronic, that we don’t mean it with respect to the written promissory note. If there is anything in the world clear under the UETA and ESIGN is that once a promissory note is executed on paper it stays on paper. And if you were to digitize it and then shred it there’s a very good chance you’ve forgiven the debt. So for heaven’s sakes whatever else we might do let’s not start talking about shredding paper promissory notes."