Produce the Note: Foreclosure Delay Tactic Can Encourage Lenders to Negotiate

Alot of these promissary notes were destroyed in WTC 7.

And also this... http://www.wanderingsandmusings.com/2008/10/zeitgeist-addendum-transcript/

In 1969 there was a Minnesota court case involving a man named Jerome Daly, who was challenging the foreclosure of his home by the bank, which provided the loan to purchase it. His argument was that the mortgage contract required both parties, being he and the bank, each put up a legitimate form of property for the exchange. In legal language this is called consideration (a contracts basis. a contract is founded on an exchange of one form of consideration for another.)

Mr Daly explained that the money was in fact not the property of the bank, for it was created out of nothing as soon as the loan agreement was signed. Remember what Modern Money Mechanics stated about loans? What they do, when they make loans is to accept promissory notes in exchange for credits. Reserves are unchanged by the loan transactions, but deposit credits constitute new additions to the total deposits of the banking system. In other words: The money doesn’t come out of their existing assets, the bank is simply inventing it, putting up nothing of it’s own, except for a theoretical liability on paper.

As the court case progressed, the bank’s president Mr. Morgan took the stand. And in the judge’s personal memorandum he recalled that “the Plaintiff (banks president) admitted that in combination with the Federal Reserve Bank did create the money and credits upon its books by bookkeeping entry. The money and credit first came into existence when they created it. Mr Morgan admitted that no US Law or Statute existed which gave him the right to do this. A lawful consideration must exist and be tendered to support the Note. The Jury found that there was no lawful consideration and I agree.” He also poetically added: “Only God can create something of value out of nothing.”

And upon this revelation the court rejected the bank’s claim for foreclosure and Daly kept his home.

Documents Destroyed

http://911research.wtc7.net/wtc/analysis/wtc7.html

"At the time of its destruction, Building 7 housed documents relating to numerous SEC investigations. The files for approximately three to four thousand cases were destroyed, according to the Los Angeles Times. Among the destroyed documents were ones that may have demonstrated the relationship between Citigroup and the WorldCom bankruptcy"

Who were the tenets of WTC 7? Building: 7 World Trade Center

http://killtown.911review.org/wtc7/collapse.html

Tenant Floor Industry

CIA 25 Government

Department of Defense (DOD) 25 Government

IRS Regional Council 24, 25 Government

Mayor's Office of Emergency Mgmt 23 Government

Federal Home Loan Bank 22 Financial Institutions

First State Management Group, Inc 21 Insurance

ITT Hartford Insurance Group 19-21 [Insurance]

NAIC Securities 19 Insurance

Equal Employment Opportunity Commission (EEOC) 18 Government

(Vacant) 14-17 Securities & Exchange Commission 11,12,13 Financial Institutions

Standard Chartered Bank 10,13,26,27 Financial Institutions

U.S. Secret Service 9,10 Government Provident Financial Management 7,13 Financial Institutions

American Express Bank International 7,8,13 Financial Institutions

Salomon Smith Barney GRND,1-6,13,18-46 Financial Institutions -

[Compiled from CNN & FEMA]

Maybe no financial institution lost more critical documents than the Securities and Exchange Commission, which had its New York regional office at 7 World Trade Center. While the regulatory agency was fortunate in that it lost no employees in the terror attacks, it suffered setbacks in a number of long-running securities investigations.
"Regardless of what the regulators say, they lost a ton of files," says Bill Singer, a New York securities lawyer, who says one case he had pending before the SEC quickly settled because so many of the original documents were destroyed. "In my opinion it was a wholesale loss of documents." -TheStreet.com (9/09/02)

Is it just a coincidence that there was a secret CIA site in the WTC 7?

Document Chaos Isn't Sorted Out

http://www.thestreet.com/markets/matthewgoldstein/10041194.html

As Citigroup's recent disclosure shows, some financial services firms and institutions may have lost more documents and records than they originally believed -- despite all the talk about firms routinely backing up their information off-site.

And it appears ordinary investors are sometimes paying the price for all those lost records and documents.

Lost Tickets

Securities lawyers say Morgan Stanley(MWD Quote), for instance, has been citing the destruction of broker commission records stored on computers at 5 World Trade Center as a defense in a number of customer arbitration proceedings.

Financing the 9.11 attacks

http://www.theantechamber.net/V_K_Durham/More911FinancialTerror.htm

"Several other intelligence sources who spoke to longtime federal whistleblower Stewart Webb, alleged that the controlled demolition of the Twin Towers and WTC 7 was called "Operation Code Angel," also known as Tripod II--a U.S. Department of Justice "war games" exercise involving the Federal Emergency Management Administration (FEMA)--which Webb alleges was run by former New York City Mayor Rudolph Giuliani’s Police Chief Bernard Kerik at Pier 29 on the New York City waterfront, according to Webb’s intelligence sources who asked not to be named until subpoenas and testimony commence.

According to inside intelligence sources who provided additional documents, federal whistleblower Stewart Webb told us he has made the serious allegation that financing the September 11 attacks was facilitated through former CEO Maurice "Hank" Greenberg’s American International Group (AIG) and Florida’s Greenberg-Traurig law firm bank accounts established at New York’s Citibank where President George H. W. Bush’s former CIA legal counsel Norman Philip Brownstein sits as a Director.

Webb has spent 20 years investigating White House crime families and was credited for helping to expose the 1989-90 HUD and Savings & Loan Scandals. [Houston Chronicle, "S & L whistleblower faces federal charges," 9-16-1992 and Sarah McClendon‘s Washington Report, "Notes from the Editor," 12-24-1991] "