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Bill Paatalo joins me on tonight's edition of the Neil Garfield Show. That's because as a forensic investigator (and former cop) he just recently unearthed the most damning evidence yet against Chase and their entire charade. Chase never paid for, does not own and legally is not entitled to enforce the mortgages that were originated by WAMU. The courts have been letting Chase foreclose on the presumption that the foreclosure sale proceeds were going to pay a debt. Paatalo's new evidence underscores and corroborates the fact that Chase converted debt into revenue without ever putting up a single penny. So far they have made hundreds of billions of dollars by foreclosing on loan agreements to which they are not a party and for restitution of a debt that Chase does not own. So even after foreclosure, the debt never gets paid.
See Article 9 §203 UCC