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BANKRUPTCY ANYONE ?
Like contemptible staff in certain depai tinents of government or occupations, some of who relish the power and take delight in inflicting malicious misery upon hapless victims just for the sake of exercising arbitrary, by-the-book, marginal or even un-deserved reasons, Chartered Banks and some Credit Unions are terrorists, hanging judges or trigger-happy assassins of businesses and/or individuals. They employ goon squads and hit men that move as well-rehersed members of a tactical, elite division. Most are incognitos behind the scenes but some are implanted as new managers to start quickly on hatchet jobs. These mafia gangs are the Banks' specialists in "dirty tricks" such as business disruption, foreclosure, receivership and dispossession. The name of the game is to "steal" assets. They operate in totally amoral, immoral, tacitly illegal, immune vacuums, relying upon the victim being preyed upon being too stunned, too numb, too demoralized and too poor to protest, resist or fight back.
Each of the Chartered Banks and related financial corporations, Trust Companies, Mortgage Corporations, General and Local Credit Unions are concomitant conspirators inter-acting, each with the other, as direct, indirect, subsidiery, associate or willing coadjutators. They set out, malevolently, to entrap personal-guaranteed accounts, which can be victimized, annexed, broken for pick-up-cheap by an implanted bidder waiting in the wings; or for themselves via kick-back collabotrators. Cutting cash flow and 'calling the note' are the most popular, much-used, vindictive methods.
Frequently, if there is roll of investors, the scam entails arms-length, off-shore and blind vehicles which channel, funnel, juggle or shuffle the assets being plundered, thus evading protective laws and jurisdictions. Smaller seizures are handled with less finesse, relying upon the elements of surprise, fear, despair, demoralization, embarrassment and shame. Most seizures, large or small, being carried out as bogus-fraudulent embezzlement under the canopy of the "Bank Act" and other enabling Statutes. Big stick and harassment techniques also rear their ugly heads.
THE METHOD OF ENTRAPMENT IS SIMPLE:
A healthy business or solvent individual whom the Bank considers to be, or wants as a victim, feels like fleecing or ruining, or who is getting too strong or just a bit too big for the jealousy of the Banks' corporate cabal which covets it, is induced into debt. Farmers. High-tech, manufacturers, Mom-and-Pops and growing service businesses are wonderful targets. Voluntary borrowers are an even easier mark! Debentures are a favourite form of beguilment if a Mortgage (Death Warrant) on the borrower cannot be obtained, but the "Demand Note" and "Personal Covenant Guarantee" are the clinchers. In almost every instance, the assets of the business and the assets of the principals that can be seized are at least 300%. of the loan or line-of-credit, and are entrapped.
The principals think they are getting a helpful hand from as "friendly" bank: But the Bank is no philathropic buddy! In fact, the principals are being fed the poisoned apple.
Set up to be cut-off-at-the-pass, without warning, just when cash flow and or acquisitions dependent upon the line-of-credit are at a critical point, the Bank suddenly "calls" the loan on impossible short notice; will not deliver the money they contracted to provide; or will not "renew." Simultaneously putting in a Receiver and a Bailiff — all having been pre-arranged in the few days prior to the rug being pulled while at the same time sweet-talking and deceiving the intended victim to his face and scamming suppliers who have given credit to the victim. It is premeditated creative fraud.
Banks misanthropically enter into contracts to deliver money but always make the borrower peform first. The Bank picks its moment to unilaterally default, break the contract and not perform its side of the bargain. Changing rates or conditions, quite arbitrarily, is common practice. All such actions are pre-conceived. An "informed" victim can use these breaches to successfully sue a bank and receive substantial damages: But the trick is being able to find the nerve, a high-degree lawyer, and outlast the Bank in legal costs and time. No help from government or media will be forthcoming....
The Bank does not proceed until it has been in touch with all other banks and institutions to pre-arrange that no help will be forthcoming for the debtor. This is done under the veil (code) of 'advice' regarding a "failed credit rating." In this manner, the debtor is unable to re-finance unless able to fall back upon independent resources. At the same time, it is designed to destroy the character of the principals and set the way for grabbing the assets and equity of the business, the principals and dispossession of third party investors and fourth party creditors. Equally, it enables the bank to clear the deck for whoever takes over. It is a viscious ploy.
The modus of the Bank is to grab its own money off the top thereby converting their "Scotch Mist" loan into real capital: Grease the Receiver and Panel Lawyers as the next beneficiaries — working through compliant Judges as former lawyers — and ultra-vires laws: And set the stage for a cheap sell-off to a hidden or friendly bidder. Principals, investors, guarantors and creditors are wiped out with callous impunity.
The practices of the Receiver are ones of conspiracy, collusion, conflict of interest, greed and entrapment. The pay-offs, kickbacks, arrangements between Receiver, Bank officials, and the sale of assets at knockdown prices — in as climate of protected unaccountablility — ensures uncontested, un-questioned, quiet success. They clean out business assets, principals, investors and creditors lock stock and barrel: House, car, furniture, personal items, wife's engagement and wedding rings and children's toys.
This atrocity of fraud has been going on for decades, authorized by the"Bank Act" and Laws of Tort & Default. Indulged by politicians who owe their own seats to the Bankers, and because they are admonished not to rock the boat. The Bankers' Lobby of fear, patronage and indenture is a diabolical form of purchased Statecraft. Obediance to the Banks and Private Money Mongers is far more to be feared than the Oath of Allegiance.
Bunko Banks and their Political Puppets hoax the people via bankruptcy, debt and taxes. Web: www.creativefraud.com
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