Friday, January 10, 2014

THERE IS A WAY TO STOP THIS! JPMorgan's surprise announcement that it plans to "sell or wind down its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits." Which also includes the infamous Electronic Benefits T

THERE IS A WAY TO STOP THIS BANKING FIASCO!
By:  V.K. Durham, CEO, Durham (Intl. Ltd;) Holding Trust, Tias 12087

HIGH TIME FOR BOTH CIVIL AND FEDERAL GOVERNMENTS TO "GROW SOME BALLS!"  I realize that the before-mentioned is not a lady like statement, but darn it!  Someone has to have the intestinal fortitude [GUTS!] to stand up for the People who have been misused, abused, suffered the predatory banking, suffered lack of education!  I am an old woman and someone has to stand up for what this Nation and the Constitution stand for!  There is a video you need to watch!  Take the time to do so!

Dear V.K. Durham,  

This is Part 1 of a trilogy produced by the International Union for Land Taxation:

"What really lay behind the financial crisis of 2008? How can governments prevent a repeat of the economic disaster? The difficult questions are asked in Part 1 of The Treason Trilogy.

"The IU was established in 1926. Now a global Non-Governmental Organization it operates independently free of any government funding. This allows us to 
remain totally impartial and objective. The IU seeks to engage in activities which strategically support our objectives." 

Video (About 29 mins): 
  


Time for  the House Oversight/FBI/ONI/INTERPOL to find that $6.5 Trillion Dollar Debt Payment made [by an assignment of Collateral from Durham (Intl. Ltd;) Corporation to Deo ju Vante Trust sub trust] to pay  the U.S. and AMERICAN CONTINENTAL DEBT by DEBT SWAP DEBT CONVERSION used by JP MORGAN and THE FED. R., NEVER APPLIED TO THE BOOKS. 
There were Specific Conditions which were return to the duly constituted, outstanding, primary creditor of the United States of America and all Debtor Nations i.e.  Durham (Intl. Ltd;) Holding Trust, Tias 12087 the infra-structure sold off and privatized by G.H.W. Bush's Executive Order 12803.

1992 President G.H.W. Bush sold off and Privatized Tax Supported/Homes, Farms Tax Bonds held Infra-Structure of the Sovereign Civil Governments of the Civilians of the Union of the Republics of the united States of America whereas "quasi federal powers" was turned over to those foreign nations and US Corporate Federal Government.  See: George Bush: Executive Order 12803 - Infrastructure Privatization http://www.presidency.ucsb.edu/ws/?pid=23625 


It is rumored the $6.5 Trillion is held in a special account at "Clearstream"..

It is strongly suggested, the Civil Governments and Federal Government take over JP MORGAN immediately, use the "Teflon principle" and never miss a step.

Time JAMIE DIMON found out someone else is out there with the Collateral to clean this mess up as related to Senator Sanders please listen to this audio and review the Prime Bank Instruments which is willing to assist you in resolving these issues which test the very marrow of Civilized Societies.



  AUDIO: WE MUST QUICKLY MAKE CERTAIN A SAFETY NET UNDER THE REPUBLICS  http://www.blogtalkradio.com/claydouglas/2011/02/16/the-free-american-hour Clay Douglas interviews VK Durham
   Unfortunately, Durham Holding Trust, Tias 12087 nor I as the Signatory can not restore the lives of Leaders of Nations, Central Bank Bankers who lost their lives due to this Financial Terrorism, Financial Fraud Farce. If I could! I would! This has been such a waste of lives of innocent people brought about by you, those individuals of the world who want to go and live on an Island which only THE VERY RICH are allowed to live.. while the poor people are allowed to wait on them. 

ABORTING THE "END GAME" OF The Treasury officials playing the bankers' secret End Game was Larry Summers. Today, Summers is Barack Obama's leading choice for Chairman of the US Federal Reserve, the world's central bank. If the confidential memo is authentic, then Summers shouldn't be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memos are authentic.  http://www.gregpalast.com/larry-summers-and-the-secret-end-game-memo/#more-8455



THE IDENTITY THEFT by JP MORGAN DEC. 2004 OF PRIME BANK COLLATERAL INSTRUMENTS BROUGHT ABOUT THE CHALLENGING OF JP MORGANS COLLATERAL BASE
http://portland.indymedia.org/en/2012/06/416607.shtml

JP MORGAN'S BASE COLLATERAL HAS BEEN CHALLENGED PUTTING FIVE OF THE BIGGEST BANKS IN THE US

author: V.K. Durham        e-mail:e-mail: V.K.Durham@comcast.net 
time for the truth about jp morgan's base collateral which has been challenged putting five of the biggest banks in the united states in deep pucky
By: V.K. Durham, CEO, Durham Holding Trust, Tias 12087

DOCUMENTATION/VALIDATION OF
Durham (Intl. Ltd;) Holding Trust, Tias 12087 Documents of Recorded Record

http://www.theantechamber.net/Vk2009/DocumentationValidation.htm

It is suggested you read this if you are going to understand our Instruments. Hopefully you understand Chain of Title Law. 


JPMorgan, Hit With .gov charges, Tells Gov "OK, Then You Find Someone Else To Manage Your EBT and Social Programs...
Posted By: Watchman
Date: Thursday, 9-Jan-2014 18:57:38

Mess with us, we'll mess with you. That is the message one can derive from JPMorgan's surprise announcement that it plans to "sell or wind down its business of issuing prepaid cards for corporate payrolls and government tax refunds and benefits." Which also includes the infamous Electronic Benefits Transfer, or foodstamps, card. According to Reuters, the product, which has been offered with cash and treasury services to companies and governments, "had become a headache of risks in operations and regulations, according to a person familiar with the matter who was not authorized to speak publicly."
Curiously, it was just over two years ago when JPM said this about its EBT business:
“This business is a very important business to JP Morgan,” Christopher Paton, the company’s managing director of treasury services, told Bloomberg News in 2011. “It’s an important business in terms of its size and scale.We also regard it as very important in the sense that we are delivering a very useful social function. We are a key part of this benefit delivery mechanism. Right now volumes have gone through the roof in the past couple of years or so … The good news from JP Morgan’s perspective is the infrastructure that we built has been able to cope with that increase in volume.”
Guess the social function isn't that important any more. However, along with the responsibilities, JPM is losing a substantial revenue stream
Just how lucrative JP Morgan’s EBT state contracts are is hard to say, because total national data on EBT contracts are not reported. But thanks to a combination of public-records requests and contracts that are available online, here’s what we do know: 18 of the 24 states JP Morgan handles have been contracted to pay the bank up to $560,492,596.02 since 2004. Since 2007, Florida has been contracted to pay JP Morgan $90,351,202.22. Pennsylvania’s seven-year contract totaled $112,541,823.27. New York’s seven-year contract totaled $126,394,917.
EBT processors charge for other services as well. For example, any time TANF recipients withdraw their cash benefits or make balance inquiries through out-of-network ATM machines, the user may incur ATM transaction fees generally ranging from $.75 to $1.50. In addition, most states allow EBT processors to charge card replacement fees. Arizona cardholders, for example, are permitted one free replacement a year, after which a $5 per card fee is imposed. The same goes for customer service calls: After an EBT cardholder exceeds the state’s maximum number of free calls, EBT processors typically tack on a $.25 per call fee.
That's a lot of money that one doesn't easily give up on. But that's what JPM just did. Or in other words, JPM just told the government which has been going after it relentlessly for the past year, forcing JPM to rack up some $25 billion in litigation reserves, "you can find someone else to manage your wholesale welfare program for nearly 50 million Americans."
There is more:
Last month JPMorgan warned some 465,000 holders of the cards that their personal data may have been accessed by computer hackers who attacked its network in July.
Government regulators are focusing on whether corporate payroll programs that use the cards have sufficient safeguards against burdening employees with fees.
For the past year the company has been moving to simplify its operations after its risk controls and guards against money laundering were found deficient by regulators.
According to JPMorgan's statement, the bank "will explore a full range of options for its prepaid card business, including a sale." In the meantime, it will continue to support current clients and cardholders. The decision does not affect Chase customers holding credit, debit or prepaid "Liquid" cards, the company said. Needless to add here, the last thing the precarious "recovery" needs right now are glitches with the EBT system, which as we saw last October when the EBT system briefly went "dark" nearly plunged the nation into a wholesale panic. Then again, such is quid pro quo life when the government bites one of the biggest hands that feed it.
http//www.zerohedge.com


No comments: