Source: http://www.pauljjhansen.com/?p=313
Timestamp: 2019-04-26 16:18:03+00:00

Document:
Bank must lend deposits, not credit.
Below is case law that explains why Credit Card Companies always sell their debt to Attorneys for less than 20%.Â They are buying credit extended debt.Â If the Credit Company were to show up in court they could run the risk of being caught red handed in lending computer generated credit.Â This is one primary reason for the inflated US dollar.
The Defendant, M & T BANK, has no right to lend credit as this is a violation of their corporate charter and violates Federal law, and is prohibited under the doctrine of ultra vires.
The United States Supreme Court and the lower courts have long recognized that the banks cannot loan credit.
him.â€ Farmers and Miners Bank v. Bluefield Nat ‘l Bank, 11 F 2d 83, 271 U.S. 669.
. . . Bowen v. Needles Nat. Bank, 94 F 925 36 CCA 553, certiorari denied in 20 S.Ct 1024, 176 US 682, 44 LED 637.
â€œThe doctrine of ultra vires is a most powerful weapon to keep private corporation within their legitimate spheres and to punish them for violations of their corporate charters, and it probably is not invoked too often .. .â€ Zinc Carbonate Co. v. First National Bank, 103 Wis 125, 79 NW 229.Â American Express Co. v. Citizens State Bank, 194 NW 430.
might be cited, which-would look like a catalog of ships.â€ [Emphasis added] Norton Grocery Co. v. Peoples Nat. Bank, 144 SE 505. 151 Va 195.
would amount to. If not careful, the power would be the mother of panics, . . .
Express Co. v. Citizens State Bank, 194 NW 429.
done.” Federal Intermediate Credit Bank v. L ‘Herrison, 33 F 2d 841, 842 (1929).
“There is no doubt but what the law is that a national bank cannot lend its credit or become an accommodation endorser.” National Bank of Commerce v. Atkinson, 55 E 471.
v. Monroe. 135 Ga 614, 69 SE 1124, 32 LRA (NS) 550.
3 Hughes 647, Fed Case No.12, 642, 1039.
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6 Responses to Bank must lend deposits, not credit.
I live in Ohio and I am in the middle of a serious credit card debt lawsuit. How can I defend myself by way of using what the bank claims that they had lent me credit?
Send me a number and time to call in CDST.
Is Quiet Title the best defense against the Banks?
Go after the person that authorized creation of funds by book entry. It is a felony.
How would one go about finding the person who authorized the creation of the funds?
I send a FOIA Request foe FAS 140 information with no answer, so I do not believe they’d answer.
I am being sued by an atty for a bank credit card bill. I did an a4v bill of exchange on the bill through the notary presentment process and they defaulted as they never responded to any of the affidavits and kept the remittance sent to them. I want to also use the Ultra Vires defense in a counterclaim. Any input will be of help.
>> I have won every bank case I have been in with cards, pay for some counsel time. Threaten to subpoena the right people and threaten to ask the right questions = win every time, so far that is.

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