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Press Release Toronto G20 ‘Reverse Onus Rule’ June 23, 2010
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Tony
Crawford
Canada NDP Petition44 and G20 Banking Reform. Re: ‘The Tax Invader’s Plan’
by Tony Crawford and BBC Radio Interview
‘Signature-Specific-Identity-Theft’.
Further to news reports about the G20 and banking reforms
www.G20rule.com
and NDP
www.petition44.com with reference to Canadian Bank of Montreal
lending practices and the ‘Reverse Onus Rule’ for discussion at the G20 in
Toronto Canada, Canadian author Tony Crawford announces a new book, ‘The
Tax Invader’s Plan’.
Two websites question a predatory lending practice as a possible cause of
the $32 Billion bankruptcy of a financial conduit settled in the Montreal
Accord in 2009. In the scenario: Bank loan dependent ABCP – Asset Backed
Commercial Paper Third Party notes’ computerized ‘papered’ interest is
laundered for cash through Canadian taxation systems that in seizure
taxpayers have to pay holders’ principal from public funds.
Worthless ABCP is generally accepted as a major factor in the world’ debt
crisis. The Canadian author contributes his latest fiction to G20
delegates: ‘The Tax Invader’s Plan’ is a jaunty narrative of sleazy
characters using ‘Off-site Loans Closings’ to create debt.
NDP Petition 44 proposes a ‘Reverse Onus Rule’ for banks to prove peoples’
identities and borrowing intentions – especially in the case of undisclosed
unsigned bank loans in registered retirement saving plans that qualify for
people to save tax credits. Canadian politicians signed and launched
Petition 44 to stop the practice of the holders non-bank note laundering
worthless paper for cash through taxation systems that makes money on
seemingly ‘stolen’ tax credits. It is a burden on taxpayers while the
scheme works… and then twice over when governments’ rescue banks holding
legacy toxic loans.
In August 2008 the ABCP Crisis in Canada scheme collapsed in the biggest
$32 Billion seizure of a financial conduit in Canadian history. The effect
is worldwide.
Petition 44 is backed in Canada by NDP Leader Hon. Jack Layton. The
Canadian author discussed it with Mr. Paul Volcker and presented his paper
to Mr. Larry Summers at the White House when he was a delegate with the
Wall Street Journal Future of Finance initiative in March 2010 to advise
G20 world leaders in London England April 2009.
Canadian Minister of Finance the Hon. James Flaherty promised he would
discuss the ‘Reverse Onus Rule’ in G20 committee. Tony Crawford includes
his research paper for public debate. The author hopes Mr. Flaherty will
announce the ‘Reverse Onus Rule’ that lenders must prove identity
validation and financial due diligence before transacting loans to protect
consumers, as he promised Crawford he would when they met last year.
Crawford has agreed to sign a release for BMO and its agents to discontinue
a quashed counterclaim 1678/02 filed at Milton Court alleging fraud and
willful negligence on the condition BMO clears paid writs to avoid a trial.
With cleared writs, the author will then sign to discontinue claim 2940/07
alleging BMO filled out a note for a commingled tied loan to close the sale
of a tax sheltered mortgage Allied Canadian sold as an investment.
After ten years in litigation and paying alleged debt by summary judgment;
the advocate author wants Mr. Downe, CEO BMO and the bank’s lawyer Mr.
Siegel to clear paid writs.
Ref: Tony Crawford. Phone: 001 + 905 842 4798 Email:
[email protected] |
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