Securitization http://www.docshut.com/kxxpsq/securitization.html
- Shared By:Bknyce
- Date:2011-06-13 00:07:08
- Source:Scribd
- Store:Free Docs
- Subjects:Science & Technology
- Tags:Process > Illegal > Article > Abstract > Securities Market
- Archives:Jun 13th, 2011 > Week 24, 2011 > June, 2011
- Format:Other
- Length:22 Pages
- Copyright:Attribution Non-commercial
- Abstract: Securitization 1September 11, 2006 Jack Smith Monday Night Class Jean Keating Transcript “Securitization is Illegal”, 30pg, by Michael Magugu, CPA, www.ssrn.com/abstract=hh3300 It is only illegal for private corporations. Securitization: The process of homogenizing financial instruments into fungible securities, so that they are sellable on the securities market.
- When you sign a mortgage note it comes under UCC
Article 3. After securitization, it comes under Article 8. Under US law
securitization >
Securitization 1September 11, 2006, Jack Smith Monday Night Class, Jean Keating Transcript, “Securitization is Illegal”, 30pg, by Michael Magugu, CPA,www.ssrn.com/abstract=hh3300-It is only illegal for private corporations. Securitization: The process of homogenizing financial instruments into fungible securities, so that they are sellable on the securities market. When you sign a mortgage note it comes under UCC Article 3. After securitization, it comes under Article 8. Under US law securitization is illegal because it is fraudulent. Instruments such as loans, credit cards and receivables, are securitized. Enron was involved in securitization and someone brought charges against them. But almost all large corporations are doing it as usual business. However, the banking system and the government are also doing it.
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((((AMERICA,THE NEW PALISTINE))))
ReplyDeleteFrom Jackie Patru Sweet liberty.org :
"Our Constitutional rights are under attack. While we sleep, local and state elected officials are legislating away our freedom by implementing federal legislation which does NOT apply -- Constitutionally -- to the several states. The President is acting as a king -- issuing "decrees" called Executive Orders -- which we are to believe overrides the Constitution for the United States of America, bypassing the system of checks and balances. Corrupt courts prosecute on false charges, ignoring the right to due process. To what may we attribute the impending death of our once great nation and the slave status of once-free Americans? Who is to blame for her state of bankruptcy and vulnerability?
We are, by our silence. Our lack of involvement is our acquiescence."
Strange, you wrote all those words, but obviously don't want people to read them, as you put them in the most horrible colour/font possible. Oh well.
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