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Termyn8or -> RE: Conceived in Fraud - Helped by the FDIC (2/13/2010 11:15:53 PM)
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So in essence you are not in default on a loan, but in breach of a contract. I don't see the advantage here. You must be pretty new to this. So much has been tried before. You have the one chance, get them to come up with the dude who loaned you the paper, the fiat, the specie, or the FRNs whatever you want to call them. The contract does not specify that the debt is to be paid back for real, it specifies a certain number of FRNs which must be remitted every month.
Stick to the ink argument, it is the best chance. Also, if it is outlined in the original agreement that the creditor can sell the debt at will AND you agree (note the word agree) to fulfill your end of the contract in that event, you are screwed. Some contracts do not have that provision, but I bet they do now.
And realize this. You might see it as usury but you are not God. You agreed. Upon the acceptance by both parties you intend to use a trick of the law to get ahead. If you do not pay back the money, one could call you a thief. I have no proiblem with screwing them, but the fact of the matter it that it is what this boils down to, admit it. Someone somewhere, if you bought a house on credit, they gave the old owner the money. If you do not pay it back he still has that money and the lender cannot get it back.
So in my view what you are talking about is really theft. The only reason I will aid, abet and condone it is because of what the banks have done to this country. In fact I have my own little plan hatching this year. If they hadn't done what they did I would never condone anything like this. Your word is your bond. A handshake is a done deal. I want nothing to do with anyone who does not embrace this concept. But the banks have hurt us, very very badly, and all for their own enrichment, so as far as I am concerned it's no holds barred.
T
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