Ibanez: Why the Banks Fought all the way to the Supreme Court to Steal this House |
|
4/19/12
From Jan Van Eck: In case anyone was ever curious as to the actual bricks-and-mortar house that everyone was fighting over in the
Ibanez
case, here it is in all its glory:
U.S. Bank litigated all the way to the Massachusetts Supreme Court to steal this house and lost!
The Answer From Deadly Clear:
It’s the securitization scheme they are fighting for... see the patent (one of thousands) posted on DeadlyClear last night. Behind the curtain is a casino, trading every bit of debt they can seize. Debt is the commodity – if the homeowners win – they are dead. The bank has to fight. They need the property to create more debt to continue trading... even if it remains stagnant like the house in the photo – it gets repackaged and resold, swapped... even among themselves... a façade.
If U.S. Bank had won the case, this would have been their prize? From Deadly Clear's explanation above and the picture below, you can now understand why the "litigation to the death" is never about the house. THE IBANEZ HOUSE |
|