Breaking News – Mortgage Securitisation Finally Sent For Full Trial – 31 May 2013

Breaking News – Mortgage Securitisation Finally Sent For Full Trial – 31 May 2013




Posted on May 31, 2013 by lucas2012infos | Leave a comment



BREAKING NEWS


This morning in the High Court in Dublin, two of the founder members
of DDI Ben Gilroy and John Squires along with others helping the Freeman
family defeated all motions of Bank of Scotland (Ireland) in the long
running case of P FREEMAN & ANOR V BANK OF SCOTLAND (IRELAND) LTD
& ORS.

Ben and John have been fighting this case in their role with People
For Economic Justice, and in Court 16 this morning Mr Justice Gilligan
dismissed the motions put by Bank of Scotland, and finally sent the case
forward for full trial on the issue of securitisation. The team has
been seeking a full trial without success for some time and have been
stymied by counter motions by Bank of Scotland. So critical is this
case that the Chief Executive Officer of Bank of Scotland had been
required to fly from Scotland to be present in Court.

Now for the first time in Ireland the issue of securitisation of
mortgages is going to be heard in court. The ramifications of this will
affect almost every mortgage in the state, as the vast majority of
mortgages have been combined into financial instruments and sold off as
securities to other investors. It was this kind of securitisation that
inflated the banking system to a state of bankruptcy and caused the
financial bubble that sees us now forced into living under austerity.

In a separate case this week another motion brought by Ben against an
Irish based bank resulted in the bank settling out of court for a seven
figure sum. For legal reasons because of the settlement the case cannot
be quoted.

Ben spoke after the case saying that he hoped that those detractors
who have been spreading misinformation about how he operates in court,
both in the media, printed press and in cyberspace, will be honourable
and correct the imbalance they have caused.

www.directdemocracyireland.ie / link to original article


Thanks to: http://lucas2012infos.wordpress.com

By the looks of the chemtrails above their statehouse, they should also deal with that, too-

“Patience and perseverance have a magical effect before which difficulties disappear and obstacles vanish.” -John Quincy Adams

We WILL overcome and Prevail... Don't believe it, then you are right, but lost. Those who believe, will Not loose... TRUTH !

I just have to wonder if they win this case, how much of an effect will that have over the mortgages in the US, since our banks are tied into European banks???? Or is this a country by country gig???
not sure that came out properly, but I think one might understand what I'm asking.

Though I doubt it would be the same as if the case were tried here in the states, it will indeed have an effect. Most especially if We make sure it does...
On the other hand, it may well be that they have a better chance of beating the Banksters in that arena than here. Either way it's progress. :cheers:

Thanks Marty!!