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ECONOMIC INTELLIGENCE REVIEW VOL 12 7 & 8

CONTAINING OUR DETAILED 'SECURITIZATION IS ILLEGAL' ANALYSIS

Wednesday 17 March 2010 19:00

Economic Intelligence Review: Volume 12, Numbers 7 & 8: First Quarter 2010
This special issue was mailed worldwide from London on Tuesday 16th March 2010

Summary of contents:

• The Rule of Law does not exist in the minds of US officials: Page 1

• What you didn’t read in the press because of a concerted blackout: Page 3

• Securitization is completely illegal in the United States and fraudulent under US legislation:
A comprehensive analysis proving that all securitization is illegal – not least because any contract formulated to procure a criminal act is void. This applies in all Common Law countries.

A summary of this analysis was published in our News Report dated 10th March 2010. Pages 5-21. This comprehensive Economic Intelligence Review report is organised as follows:

• The Illegality of Securitization:

• Introduction: Under US legislation, securitization is illegal.

• A: Securitization violates State usury laws.

• B: All ‘true-sale’ ‘disguised loan’ and ‘assignment securitizations’
are essentially tax-evasion schemes. Tax-evasion attracts draconian penalties.

• C-1: In all ‘true-sale’ ‘disguised loan’ and ‘assignment securitizations’, the conflict of interest inherent in the sponsor also serving as the servicer, constitutes fraud and conversion.

• C-2: In all ‘true-sale’ ‘disguised loan’ and ‘assignment securitizations’ where the SPV (Special Purpose Vehicle) is a Trust, the Declaration of Trust is void, as it exists for an illegal purpose.

• D: Off-balance sheet treatment of asset-backed securities (both for ‘true-sale’ and for ‘assignment transactions) constitutes fraud.

• E: All ‘true-sale’ ‘disguised loan’ and ‘assignment securitizations’
involve fraudulent conveyances.

• F: Securitization usurps United States bankruptcy laws and hence is illegal.

• G: New theories of the effects of securitization on bankruptcy efficiency.

• H: Securitization constitutes a violation of Federal R.I.C.O. Statutes.

• I: Securitization constitutes violations of U.S. antitrust laws.

• J: Securitization involves void contracts.

• Conclusion: Under US laws, securitization is manifestly illegal

• Plus: Over five pages of Notes and References, to books, articles and Court cases.

• US Statutes, Securities Regulations and Legal Principles routinely contravened
and ignored by investment banks, corrupt intelligence cadres, holders of high office, intermediaries, US regulators, US law enforcement, and others.

• However it’s to be corrupt ‘business as usual’. The law? Forgeddaboudit: Pages 23-28.

• Derivatives chart and statistics: 29-30.

• The late Lord ‘Eddie’ George and the stealing of The Queen’s gold in 2007: Page 31.

• Timeline of the Financial Corruption crisis arising from our fraud exposures,
based on data released by the Federal Reserve Bank of St Louis: Pages 32-51.

• United States: Perversely, arrogantly, stupidly,
proudly, headlong towards the abyss: Pages 52-54.

• US Federal debt deconstructed: chart: Page 55.

• EU Collective: EU Collective in turmoil as it faces
consequences of its own stupidity: Pages 56-58.

• United Kingdom: Labour Government leaves Britain
in a hideous financial mess, as usual: Pages 59-61.

• Japan: Japan’s non-LDP Government has lost its way as deflation takes hold: Pages 62-63.

Data Bank: Page 64.


The following intelligence services were also fulfilled and published on 16th March 2010:

London Currency Report: Volume 28, Numbers 1 & 2
Filing Binders for Volume 28 were mailed with this issue.

Interest Rate Service & Report: Volume 23, Numbers 1 & 2
Filing Binders for Volume 23 were mailed with this issue.