SPML/LMC anyone claimed for mis selling and unfair charges?

[ZillaK]

for god sakes my children behave better than most on here!! It's like listening to the house of commons on budget day,all the big kids spitting there dummies out.

 

(closest smiley I could find to something representing apologetic embarrassment)..

 

Zil..

 

..ps - I prefer Reverend Dotty.. y'know you can be ordained online now... and start a church?.. perhaps the International Bring Hellfire and Eternal Damnation Down Upon 'Crapstone SPML SPPLL LPLL LMC and SuPporting DeVils' Church of Salvation.. hmm.. bit too long perhaps..

[ryde]

Post deleted to allow ITBG? to continue to live in his fantasy world.

 

Follow his ill informed and often incorrect advice at your own risk

 

Napiernuts this was your response to my post which was left in mid air,so I never got to explore your arguments.

We all know about your disagreements with ITBG and your opposing styles of debate!!!!!!!!!!! but there are many more here who are open to debate and need answers and a disagreement between 2 parties shouldn't involve the rest of us who can make their own minds up, few are taking sides.Whats important is to get some input into this,its not about who wins or loses but getting it absolutely dead right or putting it on the scrap heap and pushing this thread ever forward until we have something concrete.

[IAMTHEWHISTLEBLOWER]

Forgot whistleblower Radar(PREVIOUS MISQUOTE JACKALS ON THE BRAIN)

Am Outta Here

For The Record Am Not Itbg

But The Boy Stands Tall

Anyway You Can Make Your Own Feckin Minds Up

Ohwotarewetodo From Bein An Itbg Acolyte And Changin Your Identity To Suit Youve Now Changed Your Stripes You 2 Faced Fecker.have You Got A Mind Of Your Own Or A...mind Ain't Seen Much Come From It

How Do Like THEM Tea And Biscuits

 

SEEIN IF WHISLEBLOWER RADAR STILL OPERATIONAL COULD BE ROUND THE CLOCK, STALKERS ABOUT.

EPISODE 2 WILL BE SHOWING SHORTLY WATCH THIS SPACE,RADARS OFF.TA TA

Edited January 29, 2010 by IAMTHEWHISTLEBLOWER

[IAMTHEWHISTLEBLOWER]

Radar Still Off.

WOULD LIKE TO THANK THE PERSON WHO REFERENCE PREVIOUS POST ACTUALLY EMAILED SPV AND KICKED UP A FUSS.

NOTE

ALL REGISTERS SUDDENLY MOVED TO SAIL ADDRESS,ACCOUNTS SUDDENLY SUBMITTED,

WHY? COS SOMEONE INSTEAD OF WAITING FOR OTHERS TO DO SOMETHING ACTUALLY GOT OFF THEIR ASSES AND DID IT.

THESE SCHMUCKS ARE UNDER INVESTIGATION NOW BIG TIME AND IT AIN'T BECAUSE OF ANYTHING YOU LOT HAVE DONE,WELL A COUPLE, WHICH IS A SAD SAD FACT,SO WHAT ARE YOU DOIN ON HERE , PASSIN THE TIME O DAY?

RESULTS MEANS EFFORT AND APPLYING IT TO THE RIGHT SOURCES SO INSTEAD OF WAITING FOR OTHERS GET YOUR FECKIN FINGERS OUT AND KEEP THE PRESSURE ON COS YOU'LL LET EM OFF THE HOOK.EVERY SINGLE COMPLAINT PAYS.HOW MANY HAVE COMPLAINED TO CH OR INSOLVENCY SECTION,HOW MANY HAVE FOLLOWED UP.

ANSWER 1...COUNT EM ON ONE HAND

ANSWER 2 ?????????????????????????

ITS AS EASY TO COMPLAIN AS SPENDING HALF THE DAY ON HERE AND YOU GET SOMETHING FOR IT,ANOTHER MARK AGAINST THE SCHMUCKS,ADDING UP ALL THE TIME

THIS IS YET ANOTHER CALL TO ARMS AND ITS A TOTALLY JUSTIFIABLE WAR YOU ALL PACIFICISTS OR SOMETHING.

HOW MANY TIMES DO YOU HAVE TO HEAR THIS.WHAT DO YOU WANT A ONE WAY TICKET TO PALOOKAVILLE.

SLEEP ON IT

Edited January 29, 2010 by IAMTHEWHISTLEBLOWER
emphasis

[ZillaK]

..saw this site earlier.. doesn't look as though it's been updated in a while.. but there were a couple of points that might be of use to some here re: stamp duty taxes..

 

Securitization in UK

 

..for example:

 

'Thus, execution of the agreement outside the country defers the stamp duty implication till it is necessary to bring the document into the country for the purpose of enforcement.

 

Stamp duty relief can also be obtained by a transfer within the group, that is, by estalishing the SPV as a subsidiary of the originator.

 

In UK practice, however, stamp duty is not paid, as most securitization transactions are structured as equitable assignments and not perfected legal transferes. Nevertheless, if and when the transaction were to be perfected into a full fledged sale of receivables, the document will attract stamp duty: therefore, the originator is required to provide for full payment of duty. But this is usually regarded as a theoretical tax - very rarely have circumstances arisen where the duty has actually become payable.'

 

Zil..

Edited January 29, 2010 by ZillaK
..adding bit..

[ryde]

good post zillak

stamp duty would have been payable by sppl on transfer of legal title to spv if they became insolvent.How do they pay it if they're insolvent is another question.

[enoughisenough]

IATWB

 

Far be it from me to tell you how to post but it would greatly assist many if you would spell it out in black and white what you think the best targets are. Thus far you say:

 

1. THE SPV

2. CH

3. CIB

 

That's correct isn't it. The problem lies with the spv. Are you saying the trustees should be emailed e.g. mark filer?

 

What I don't get is why someone in this position wouldn't know already exactly what is going down. Can you enlighten further?

 

A thought. Aren't we just flushing ourselves out in the open, so that special treatment can be meted out by doing this? I tend to think that the customers are the lowest priority in this food chain, and no-one, but no-one, takes any of our interests at all seriously.

[IAMTHEWHISTLEBLOWER]

Too Many Spies On Here During The Day.

Edited January 29, 2010 by IAMTHEWHISTLEBLOWER

[supersleuth]

Hi Whistleblower,

 

I agree with you. There are spies on abundance on this thread which is testimony to the fact that we are on the right track and they must be worried!...why would they spend so much time spying on us if we weren't on the right track?

 

On the topic of targets - all three of EIE's targets are spot on - the SPV does know what's going on, they're the ones extorting money from borrowers and they're the ones evading tax all with the aid and complicity of the respective originator's.

 

CH and CIB are appropriate re the insolvency of the originators and Companies Act violations

 

Whichever strategy (or strategies) the genuine caggers choose for themselves are all worth following. But back to Whisleblower - do some whistle blowing - irrespective of the spies! They're here anyway and so are you! So just blow it man!!!..and give the spies something more to worry about. Blow man Blow!

[enoughisenough]

Concurring with super

 

is there any point to a Self annointed whistleblower who acts like a horse whisperer, shouts in a heady mix of abuse, condemnation and riddles and hasn't got the balls to blow any whistle of any significance?

 

Self aggrandisement of the Pied Piper or altruism? Which is it? And how can we tell?

Edited January 29, 2010 by enoughisenough

[I'm the bad guy?]

..are WE all in agreement, that with all the recent postings, with all of Supers' posts, all the lenders accounts and spvs too...that the SPVs legally own ALL the Lehman mortgages.

 

On the balance of the evidence, are there still any doubters, VETS or otherwise, that the SPVs legally own your mortgages?

 

roll call..

 

 

 

 

 

ITBG?

end game.

[scedminc]

How relevant is this meeting that is going to take place about Mortgage Funding 2008 to propose the termination of a swap agreement??

 

BARCLAYS News BARC BARC.L - Interactive Investor

 

Sced

[IAMTHEWHISTLEBLOWER]

The Name Shows The Game

[I'm the bad guy?]

IATWB,

 

if exposure is a risk, can you PM myself with the info you have?

 

 

or someone else, you are 100% sure about, like SuperSleuth?

 

 

 

 

ITBG?

endgame.

[ZillaK]

Too Many Spies On Here During The Day.

 

..that is a good sign indeed..

 

..some folks may also wish to write to the managing executives of Vertex's other clients and inform them of Vertex's complicity in unlawful practices - don't think for one minute that Vertex don't know what they're doing.. also, you may wish to highlight the serious breaches of security occurring in Vertex's Operations and IT departments.. it's not the first time either.. and I haven't even begun to frequent the after-work drinking establishments that their staff hang out at yet.. oh hey, I might even catch up with some old colleagues whilst I'm at it...

 

..on another subject re: insolvency (quoted from Wiki of all sources)

 

'In the UK, directors are exposed in respect of transaction at an undervalue, preferences, and extortionate credit transactions if the transaction occurred: a) while the company was insolvent; and b) within 2 years before the onset of liquidation if the transaction was with a connected person, and 6 months if the transaction was with an unconnected person.'

 

Key point is 2 years.. Perhaps, the Insolvency Service in the UK should be included in our list of who to report our findings too.. I also think we should aim at the US end of the business chain as the authorities over there want to see real prosecutions immediately.. any suggestions?

 

Zil..

 

ps - the spies to worry about are those who have been masquerading as friendlies..

[IAMTHEWHISTLEBLOWER]

YOU ALL HAVE BEEN GIVEN THE GREEN LIGHT, the lenders are relying on you not to act-presently.

 

1. LMC & SPPL NO directors/NO accounts/ NO locus standi.

2. SPML/PML- NO 08 & 09 accounts/2007 accounts not-compliant with s.503 Companies Act 2006.(1985 CA repealed in full).

3. Ms Amany Attia, sole director of SPML/PML under prosecution for late filing of statutory accounts. Also, directly employed by Lehman Bros Ltd(in administration)

4. Major descrepencies between SPML 2006 & 2007 accounts, especially on sale of LMC.

5..add...

 

DONOT worry if you cannot provide, exact statutes of Companies Act etc., THE COMPLAINT AS A CONCERNED MEMBER OF THE PUBLIC IS ENOUGH(you're not expected to have expert knowledge as a layman). Both CIB & CH are under a Parliamentary duty/charter to use the powers they have under the Companies & Insolvency Acts, TO ENSURE THE CH REGISTER IS CORRECT and that companies are solvent in trading. CIB & CH are NOT like the Land Registry(no powers) or toothless as the FSA. Especially CH, where there are regulations which MUST be complied with by companies. For example, the CH system immediately sends a notice out to a company if a sole director resigns/terminated, and the company has 28 days to respond or it will be struck off. CH are prosecuting Attia- they are duty bound to do so. SO WHEN SHE IS CONVICTED, SHE WILL BE STRUCK OFF, THEN SPML/PML WILL HAVE NO DIRECTORS AND THUS NO LOCUS STANDI.

 

JUST TO ADD YOU DONOT NEED TO BE DIRECTLY INVOLVED WITH EITHER THE CIB OR CH COMPLAINT, IT CAN BE MADE TO THEM AS ANY CONCERNED MEMBER OF THE PUBLIC. REPORT THE ACTIVITIES OF THESE LENDERS, SO IT CAN BE MADE BY YOU, FRIENDS OR FAMILY ETC. THEY ARE ALL VALID- PASS IT FORWARD.

 

 

..its in your hands, bring the pain.

 

 

 

 

ITBG?

end game.

__________________

File YOUR 'Companies Investigation Branch'- CIB complaint online NOW!!!!

 

http://www.insolvency.gov.uk/complaintformcib.htm

 

SHUT'EM DOWN!!!!> SPML/PML/LMC/SPPL

 

 

REPLY

THE NAME SHOWS THE GAME

THE WHISTLES ALREADY BEEN BLOWN

BUT YOU LOT HAVE STOPPED BLOWIN IT

YOU GOT YOUR LEADER THE ONLY ONE WHO HAS GOT TO EM AND BIG TIME WITH THE HELP OF LESS THAN A HANDFULL IN A YEAR

FOLLOW HIM OR CRAWL BACK IN THE TRENCH

YOU GOT ALL THE AMMO USE IT

BUT USE IT DIRECTLY

NOT JUST YAKKIN ON HERE

CAN ONLY DO SO MUCH FROM THE DARK SIDE

TOO MUCH EXPOSURE

TOO MANY FECKIN SPIES

ALL THE RIGHT THINGS HAVE BEEN SAID AND DONE

BUT YOU GOT TO KEEP ON AND ON AND ON AND NOT ONE OF YA

ALL OF YA AND ALL THE TIME

SO A WHIMPER BECOMES A HOWL BECOMES A SCREAM

SO DO IT OR ROLL OVER THATS YER CHOICE

AT LEAST YA CAN SAY WE WENT DOWN TRYING IF IT ALL GOES T.TS UP

THE FECKERS MIGHT EVEN TRY TO PAY YA OFF IF YOR ENUF NUISANCE.

THATS IT GONE.

[ryde]

..are WE all in agreement, that with all the recent postings, with all of Supers' posts, all the lenders accounts and spvs too...that the SPVs legally own ALL the Lehman mortgages.

 

On the balance of the evidence, are there still any doubters, VETS or otherwise, that the SPVs legally own your mortgages?

 

roll call..

 

 

 

 

 

ITBG?

end game.

 

The only thing that stops the spv bieng in law the legal titleholder and in their own words is that "that do not intend to effect registration by notification to the borrowers."In other words by their own choice they wish to avoid a legal registration for the benefits it gives them.This is the only thing in law that stops the courts seeing them as the legal titleholders,a letter to the borrower.

the benefits they enjoy

1)no land reg fees

2)no stamp duty

3)hide behind a regulated lender when they are non regulated

4)no exposure

5)no claims against them by the borrower

Let the nominee do all the dirty work while they enjoy all the profits,thats all it is.

 

By all accounts there appeared to be someone in the financial sector registered as a cagger on here the other day.LD with her remarkable divination skills will confirm this.This is only one of what could be many.

I agree with the whistleblower Lord Cagger has punished the b.stards directly we should all get behind him,its all been said its time to try and apply it in some way en masse which is probably far too optimistic.

half a dozen would be a start,look at the reception the class actions have been met with.

Edited January 29, 2010 by ryde

[supersleuth]

How relevant is this meeting that is going to take place about Mortgage Funding 2008 to propose the termination of a swap agreement??

 

BARCLAYS News BARC BARC.L - Interactive Investor

 

Sced

 

Hi Sced

 

From the limited information in the notice, it can be deduced that the Noteholders are being informed that the SPV wants to terminate four swap agreements between itself (the SPV) and Lehmans. It is (very slightly) implicit from the limited information that (perhaps), with respect to three of the swaps, the SPV may owe Lehmans money on the swaps and therefore the SPV want to take the opportunity to avoid their liability to Lehmans. However, with respect to the fourth swap (the currency swap), it seems that the SPV may be on the profitable side of that transaction. It may be the case when all four agreements are netted off against eachother, Lehmans owes the SPV money and therefore in order to make their claim as a creditor in the Chapter 11 Lehmans case, they must terminate.

 

What it may mean for borrowers.

 

The rub is in the paragraph that says:

 

1. as set out in the Issuer's notice to Noteholders dated 27 November, 2008 (which set out the contents of a letter received from Capstone Mortgage Services Limited, the Cash/Bond Administrator), the termination of the Currency Swap Agreement may impact upon the distribution of the Actual Redemption Funds on any Interest Payment Date;

 

 

Translated this means that the SPV is exposed to currency exchange risk (as the currency swap was supposed to be its protection)....which means, borrowers pay in £s, but the SPV has to pay some of its investors in say, Euros, and the exchange rates may move such that they don't have £s to buy the amount of euros needed to pay the investors. This is highly likely as the £ has been depreciating against the Euro.

 

 

 

But guess what!!!! the barstwards will be able to shore up that shortfall by charging YOU MORE!! ...here we go...more charges and interest and any other ruse in the "contractual" amoury to shaft you for extra cash needed to pay for the currency risk costs that the SPV need to fund shortfalls to feed the insatiable monster. Yes, you are probably going to be the source that will fund the currency risk shortfalls.

 

 

Best get onto Companies House and shut them down...that's one very good way to put a stop to them...flush them out of the woodwork so that they can't hide behind the "legal title holder".

 

 

Incidentally, note how the Noteholders are the beneficiaries - interesting that the SPV is NOT referred to as a beneficiary in these notices. That's true. The SPV is not a beneficiary, it is the legal owner who created the Trust, appointed the trustee and then settled its legal title into the TRUST so that the appointed Trustee could look after the noteholder BENEFICIARIES!

Edited January 29, 2010 by supersleuth

[supersleuth]

REPLY

THE NAME SHOWS THE GAME

THE WHISTLES ALREADY BEEN BLOWN

BUT YOU LOT HAVE STOPPED BLOWIN IT

YOU GOT YOUR LEADER THE ONLY ONE WHO HAS GOT TO EM AND BIG TIME WITH THE HELP OF LESS THAN A HANDFULL IN A YEAR

FOLLOW HIM OR CRAWL BACK IN THE TRENCH

YOU GOT ALL THE AMMO USE IT

BUT USE IT DIRECTLY

NOT JUST YAKKIN ON HERE

CAN ONLY DO SO MUCH FROM THE DARK SIDE

TOO MUCH EXPOSURE

TOO MANY FECKIN SPIES

ALL THE RIGHT THINGS HAVE BEEN SAID AND DONE

BUT YOU GOT TO KEEP ON AND ON AND ON AND NOT ONE OF YA

ALL OF YA AND ALL THE TIME

SO A WHIMPER BECOMES A HOWL BECOMES A SCREAM

SO DO IT OR ROLL OVER THATS YER CHOICE

AT LEAST YA CAN SAY WE WENT DOWN TRYING IF IT ALL GOES T.TS UP

THE FECKERS MIGHT EVEN TRY TO PAY YA OFF IF YOR ENUF NUISANCE.

THATS IT GONE.

 

 

Cryptic as Whistleblower may seem - maybe he is on the inside blowing a whistle...the whistle telling us that we are on the right track and that it will work if we shout loud and long enough. If that is what whistleblower is telling us, then it is entirely consistent with my theory that this thread has an abundance of spies BECAUSE WE ARE RIGHT.

 

OK whilstblower thanks for your input - hope I've interpreted your message accurately. He seems to be saying that if any caggers are in court - USE IT DIRECTLY - i.e. use the arguments - after all, you've got nothing to loose - they're gonna nick your home whether you argue or not.

 

Is that right whistleblower? Is that your point?

 

Supersleuth

[enoughisenough]

I'm bored with this All the President's Men ****.

 

This isn't some underground car park whispering to bernstein and woodward. It's right here, on open as you've said yourself. Show us your yarbles, that's if you have any yarbles to show... And forgive me but I am not signing up to go public to the SPV or any other fecker who then targets me as some kind of agitator, deserving of full sting.

 

My friend. YMBFJ. No Chance. Give us something proper, something that stands, something that won't get washed aside and something that delivers real justice. Or at least stop analysing us like ants under your superior microscope. Blow the ucking whistle for good and all time, that is if of course you actually have a whistle to blow you gutless wonder.

[supersleuth]

And hello 4 guests - are you friends or foe?

[supersleuth]

Hey Whistleblower - give us a bit more - say what you've got to say directly.... you are anonymous here anyway so stuff worrying about spies...given em something to worry about when their own troops break ranks, you may be just the first of many whistlblowers!!!!

 

You've had the courage to come forth - now follow through and deliver directly.

 

Supersleuth

[supersleuth]

Other possible strategies for you to consider in addition to EIE's (that he posted earlier this evening)

 

1. Caggers who are in litigation - make a CPR 31.6 or 31.12 application for disclosure of the Mortgage Sale Agreement

 

2. Make an application to the Land Registry on form AP1 for correction to the inaccurate and incomplete Land Register. Use both, the SPV's Companies House form 395 filing and their prospectus where it states that "they do not intend to register" and that "they are entitled to be registered" as proof of them being assigned legal title - use s.27, s.58(2) and s.123 of the Land Registration Act 2002.

 

3. Use the evidence in strategy no. 2 above to support a disclosure application.

 

4. If you are in litigation Make an application to the court for the Land Register to be corrected as part of your defence. That application will also support your disclosure application.

 

5. Tough one, but, another defence could be that they are in material breach of contract and cannot assert an allegation of your alleged breach until they have cured their breach. Their breach being, that they agreed to loan you the money for 25 years and it is clear from their company account filings that they have no intention of honouring that material promise in the contract. Their accounts all say that they are winding down (and liquidating, i.e. repossessing) their assets. In other words, their conduct is evidence of them having repudiated the contract (which repudiation you accept) and therefore, neither party at law has to perform the contract. The Norgen case is helpful on this one re the 25 year to pay the mortgage defence.

 

Flush out the SPVs! Destroy the criminal originators!

 

If you get rid of the originator either through the Companies House strategy or your defence strategy you may well will win because the SPV won't repossess you - they can't, it would blow their tax evasion structure plus blow their regulator avoidance structure - no FSA authorisation! One of us may break through and then you'll blaze the trail for all.

Edited January 29, 2010 by supersleuth

[Suetonius]

Hello Ryde,

 

tried to respond to you pm but your box is full... can you delete some messages ;-)

[ryde]

Hello Ryde,

 

tried to respond to you pm but your box is full... can you delete some messages ;-)

thanks sue

have now deleted.