More JP Morgan scandal to come

Bill Murphy – JP Morgan Is FINISHED!

From Max Keiser

Bill Murphy: There’s gonna be a Mega JP Morgan scandal which will rival the LIBOR scandal.

Breaking Update: JPMorgan never recevied mortgage/notes transfered from WaMu.

Bill Murphy: It’s fun to have fun for a change.

BREAKING: OUT OF THE MOUTH OF JPMORGAN CHASE: SCHEDULE OF LOANS PURCHASED FROM WAMU DOES NOT EXIST; NO ASSIGNMENTS OF MORTGAGE, NO ALLONGES OR ANY EVIDENCE OF TRANSFERRING OWNERSHIP OF LOANS FROM WAMU TO CHASE

UPDATE: Friends, I just received this note from our friend and mortgage fraud expert Vermont Trotter regarding this story: “The trusts are all empty. The master loan doc contractually allows for the hypothecation and re-hypothecation of the assets. Hypothecation is a legal term meaning to pledge, but not deliver an asset. To hypothecate means there is no true sale of the asset. To re-hypothecate means it can be pledged multiple times and, again, never have a true sale. No one owns anything.” – by V. Trotter from Patented Fraud