Author: Due Process

CPA DEPOSITION
Please state your name and occupation.
How many years have you worked professionally as a certified public accountant?
Please explain the generally accepted accounting principle of "matching."
Please explain the generally accepted accounting principle of "Objectivity" which is also known as "Verifiability."
Please explain the generally accepted accounting principle of "Representational faithfulness."
Please explain the generally accepted accounting principle of "Conservatism."
Please explain how the principle of "matching" applies to demand deposit accounts at a bank.
Does the principle of matching prohibit a bank from lending the money of its account holders to other bank customers?
According to the generally accepted accounting principles for a new deposit account at a bank, when the customer deposits money with a bank in a demand deposit account, does the bank owe this money to the customer upon his demand?
Is this customer a creditor of the bank?
According to the generally accepted accounting principles for a new deposit account at a bank, when the customer deposits money with a bank in a demand deposit account, do the bank's liabilities increase by the amount of the deposit?  Do the bank's assets increase by the amount of the deposit?
Please describe the differences in bookkeeping entries between the opening of a demand deposit, or checking account and those involved when a bank takes ownership of a promissory note.

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Please state your name and occupation.
How many years have you worked professionally as a certified public accountant?
Please identify the document (promissory note) attached to this request.
Which party, the bank or the bank's customer, is the legal owner of the promissory note?
According to this document, how much legal tender must the borrower repay the bank regarding the principle amount?
How much legal tender did the lender have to loan the borrower for the lender to legally own the promissory note?
Was the bank loan check or similar instrument the consideration the bank loaned in order for the bank to legally own the promissory note?
How much money did the lender loan the borrower?
Is a check money or merely an order to pay money?
Does a checking account or a demand deposit account show how much cash or legal tender the bank owes a customer?
Do you have any knowledge of the bank depositing money or using money that is not legal tender which is used to fund checks?
Did the lender loan legal tender or non-legal tender?
Is it the bank policy to prohibit the borrower from discharging the loan in the same kind of funds used to issue the loan check?
Have you ever seen a bank issue a bank loan check that was not redeemable in cash?
Must one first deposit cash or cash equivalent before issuing a check?
Is the borrower's promissory note the equivalent to cash or actual cash value per the bank policy?
Is it your understanding of the alleged agreement, the alleged borrower gave the bank authorization to sell the promissory note and use the proceeds to fund the bank loan check to the borrower or seller of the house or use the value of the promissory note to fund the bank loan check?
According to your understanding of the alleged agreement, was the borrower to loan or give the lender something of value before the bank granted the alleged borrower a bank loan?
According to your understanding of the alleged agreement was the promissory note used as consideration to fund the bank loan check ?
According to your understanding of the alleged agreement, did the lender give the borrower a check as consideration loaned to borrower in order for the bank to legally own the promissory note?
Is the promissory note money according to the bank policy?
According to the loan agreement, as you understand it, explain to me the whole truth and nothing but the truth as to the complete money trail, bank bookkeeping entries between the borrower and the lender in order for the lender to legally own the promissory note.  
Explain where on the written agreement it gives details of all material facts concerning the money trail and what the lender must do to own the promissory note.
Is it legal for the bank to receive funds from a bank customer, deposit these funds and write a check from these funds without the bank customers knowledge, permission, or authorization?
Is it a bank policy to receive funds from a bank customer and exchange the funds for credit in a transaction account and issue a check from this transaction account without the bank customer's knowledge, permission or authorization?
According to this written bank loan agreement, did the borrower give the bank authorization to receive funds from the borrower and use the funds to issue a check back to the same customer and call it a bank loan?
How much money was the lender to loan to the borrower?
Is a check money, or merely an order to pay money?
Is a bank liability an indication the bank owes legal tender?
Does a Demand Deposit Account (liability) mean the bank owes someone money?
Explain exactly what the money was that was to be loaned to the borrower in order for the bank to legally own the promissory note.
According to this loan agreement, when it says loan, does loan really mean an exchange or swap?
Please explain what money is according to the bank, or according to this bank loan agreement?
Is money really a non-redeemable bank note which the bank never pays?
Did the bank fulfill the agreement to legally own the promissory note?
What exactly did the bank have to do to legally own the promissory note?
How much actual cash value must the bank loan to the borrower to fulfill the agreement and for the bank to own the promissory note?
According to the bank loan agreement, describe exactly who was loan what to whom?
According to the Federal Reserve Bank's policy, procedures and standard bank bookkeeping entries, who loaned exactly what to whom?
According to the standard bank bookkeeping entries and the Federal Reserve Bank policy and procedures, do the bank's debts increase when the bank grants loan?
If the bank paid their debts created in the alleged bank loans, would the bank have to return the promissory notes or sell the promissory notes and return the proceeds to the alleged borrowers?
Does a check merely transfer a bank liability from one checking account to another checking account?
Is it a bank policy for bankers to obtain the liens on the nations homes, cars, farms, aircraft and businesses simply by creating non-redeemable bank notes or equivalent and loaning these notes?
Is the promissory note the consideration to fund the bank loan check, or is the bank loan check the consideration (money) loaned for the bank to legally obtain promissory note?
Is the borrower to repay the loan?
Was the borrower to repay the loan in peanuts?
Was the borrower to repay in the same specie of money that funded the bank loan check?
What kind of money was used to fund the bank loan check?
For the loan, who was to provide the money?
For a check to be valid, must cash or something having actual cash value deposited to fund the check? Any exceptions ?
Did the lender have the legal right to sell or own the promissory note before the lender loaned a check or cash to obtain the promissory note?
Did the bank fulfill the bank loan agreement?
What did the bank have to do to legally own the promissory note?
Did the bank loan consideration in accordance with the written agreement to legally own promissory note?
Did the borrower loan the bank the promissory note in accordance with the written agreement?
Did the borrower make the promissory note a gift to the bank and the bank returned it back as a loan?
Did the bank loan the borrower a bank asset or liability?
When was the liability paid?
Is it the bank policy to stamp the promissory note before the bank loans the check to the borrower?
Is it the bank policy t p place a stamp or order writing on the promissory note after the borrower signed the note?
We want to know what the bank policy is on altering the document changing the cost and risk of the transaction.
What is the purpose of stamping the note, "pay to the order of"?
Would the transaction change if "pay to the order of" was not stamped on the note?
Is it the bank's policy to receive funds from a bank customer and issue a check from the same funds without the customer's knowledge, permission or authorization?
The bank received funds from the borrower, used these funds to issue the check to the borrower, and most borrowers had no clue as to what happened. Is that correct?
If the bank receives a loan of the money from the Federal Reserve Bank, do the bank assets and liabilities increase?
If the bank receives a deposit, do the bank assets and liabilities increase?
When banks grant loans do banks record the promissory note as a bank asset with a new bank liability offsetting the asset?
Did the bank record the promissory note as a loan from the borrower or as a deposit from the borrower?
Does the bank advertise or claim it loans money?
What was the purpose of the borrower coming to the bank?
Was the purpose of the borrower coming to the bank for the borrower to hand the bank a piece of paper worth $100,000 and have the bank uses this $100,000 to give value to a negotiable instrument (check) worth $100,000 so the bank could hand the $100,000 back to the borrower who must pay the bank back $100,000 plus interest?
If yes, when the borrower swaps the $100,000 with the bank $100,000 negotiable instrument, is that part of the transaction an exchange?
Is the fee for the exchange $100,000 plus interest?
Is the exchange disclosed in the written agreement?
What exactly do you mean by cash? What is included when you mean cash?
When you say cash, do you mean negotiable instruments like checks or other paper that banks use which can be converted to cash?
Did the bank loan cash to the borrower or something other than cash?
Did the borrower give the bank cash or something having equal value to cash or cash equivalent or similar instrument and this was used to fund the bank loan check?
Have you read the agreement?
Do you believe the agreement is written to give plain, ordinary and popular meaning to words and terms in the agreement? Example:
Does the word loan mean loan?
Does borrower mean borrower?
Does interest mean the charge for the use of borrowed money?
Does money mean legal tender or owing legal tender?
If legal tender it means the bank must loan an asset?
According to your interpretation of the agreement, does the bank loan a check to the borrower in order for the bank to legally own the promissory note or does the borrower give the bank the promissory note for fee and then the bank return the value of the promissory note back to the borrower as a loan?
According to your interpretation of the agreement, does the bank legally own the promissory note without loaning the borrower a check or similar instrument in order for the bank to legally own promissory note?
Do you believe the bank owned the promissory note before issued the bank loan check?
As a banker, tell me your understanding how banking operations work. If the bank records a new deposit, liability, does it mean the bank received money from a bank customer?
Any exceptions?
Do you believe the alleged borrower agreed to bring a promissory note to the bank to create a new deposit and then the bank issue a check from the new deposit and return the check back to the same alleged depositor or borrower or seller of the property and the check is called a bank loan?
If yes, where is this explained in the written agreement?
Did the promissory note and new deposit become the bank's property before the bank loan check was issued?
Does the new deposit men the bank owes money to the one who earlier brought funds to the bank to be deposited?
Any exceptions?
Before writing a $100 check, must one first deposit at least $100 at the bank before issuing the check?
Any exceptions?
Do banks create new deposits without first receiving funds, an asset like cash or checks, from a customer or investor or lender?
Does the new deposit, liability, represent owing money the bank earlier received?
Any exceptions?
If the bank records a new deposit, liability, to balance the banks books does there need to be a new asset to offset the new liability called a deposit?
When there is a new deposit, do bank assets and liability increase by the amount of the deposit?
Would the new asset come from the bank customer, investor or lender?
Any exceptions?
If a bank received $100 cash from Joe and the cash is deposited, creating a new $100 deposit, would the bank own the cash? (Yes.) Would the bank owe Joe $100? (Yes.) If Joe deposited a check or a promissory note into a checking account, would the bank owe Joe money? (Yes.)
Does a deposit mean the bank owes money?
If there is a new deposit, does the bank owe money to the one whom brought the funds to the bank to be deposited?
According to your understanding, did the bank use the promissory note to create a new deposit on the banks books?
To whom does the bank owe for this new deposit? Does the bank owe someone money for the new deposit?
Can a check be issued from this new deposit?
Is it the bank policy to issue a check from this new deposit?
If yes, to whom is the check given to?
According to the bank policy, did the borrower provide the funds to create a new deposit? (Yes.) 
If yes, was this agreed to in the written bank loan agreement?
Is it bank policy to issue checks without first depositing money, bank asset, or using money, bank asset, to fund a check?
When a bank grants loans, is there a new deposit that never existed before the loan was granted? (Yes.)
Is it bank policy to deposit cash or something of equal value to cash?
Does the borrower sign the promissory note?
Is it a bank policy to record the promissory note as a bank asset?
When the borrower signs the promissory note and the bank records the note as a bank asset, does this result in a new deposit (liability)?
When the bank records the promissory note as a bank asset, is the result a new check issued, funded by the note, or a new deposit crested as a result of the note, or both?
Does the promissory note become the bank's property when the bank records the promissory note as a bank asset with a matching liability to new deposits or checks?
If the bank records the promissory note as a bank asset with a matching new liability called a deposit, to whom is the deposit owed?
Does the new deposit mean the bank owes cash or cash equivalent (check) for the promissory note recorded as a bank asset?
To whom does the bank owe the new deposit or check to?
Do your believe the alleged borrower intended the promissory note to be used in any manner other than an agreement to repay the loan?
Do you believe the alleged borrower agreed the promissory note was to be used to fund the loan?
On a $100,000 bank loan, does the bank receive $100,000 of value from the borrower for free and then return $100,000 of value back to the same borrower as a $100,000 bank loan?
Was the lender to loan money to the borrower according to the written agreement?
If yes, where was the money the bank was to loan the borrower?
Did the money for the loan originate from the bank or the borrower according to the standard bookkeeping entries?
Does a new bank deposit (liability) indicate the bank received a new bank asset?
If the bank records a new deposit (liability), does the bank receive a new asset from a customer or investor or lender?
If a customer deposits cash or a check or similar instrument, does the bank own the asset (money) deposited?
If the bank records a new deposit (liability), does the bank owe money to the customer who provided the asset that matches or created the new deposit (liability).
If a customer provides the money to a bank to issue a check and the check is given back to the customer or to a party designated by the customer, did the bank loan any money in this transaction?
If a customer provided the bank with an asset, the bank can sell or exchange for cash, the bank used the value of the asset to create a new deposit, in this transaction did the bank loan any money?
To whom is the new deposit (liability) owed to?
If a bank customer provides an asset to the bank that can be exchanged for cash and as a result of this asset a new bank deposit is created and a check is issued from this new deposit, did the bank loan anything in this transaction? 
If a bank customer provides the bank with an asset that can be exchanged for cash and this is used to issue a check back to the same customer, is the check a return of capital or is the check a bank loan to the customer?
If the bank claims it is a bank loan to the customer, what did the bank loan to obtain the asset that was used to issue the check or create the new deposit?
Do you believe it is the bank policy for the bank to obtain the bank loan agreement and promissory note without loaning The borrower anything of value as consideration to obtain the bank loan agreement and promissory note?
If the bank records a new deposit (liability), did the bank receive an asset from a depositor or customer to issue a check or receive an asset that was used by the banking system to create a new deposit?
Do you know any situation where the bank receives an asset from the bank customer used to issue a check or create a new deposit (liability) and the bank receives the asset and check or new deposit for free?
Can the bank write a check without first depositing money at the bank?
When banks grant loans, do banks receive an asset from the borrower which results in a new deposit?
Do banks deposit checks, cash, into checking accounts?
Does the bank write a check from the new deposit and call this a loan to the borrower?
If yes, what did the bank loan to obtain this new asset and new deposit?
Is it the bank policy to receive something of value from a customer, and then return the value back to the same customer and call it a loan?
Where is it agreed that the customer gives the bank something for free and the bank returns the value back to the same customer calling it a bank loan?
If a customer brings an asset (money or paper that can be exchanged for money) to the bank and the bank uses the asset to create anew deposit, did the bank loan anything by recording a new deposit?
If a customer deposits and asset and the bank records a new deposit (liability) which increases the bank's assets and liabilities and customer writes a check based on the new deposit, did the bank depositors or investors lose any money in this transaction?
When a bank grants loans is it accurate to say the bank receives an asset from a customer which creates a new deposit (liability) and a check is written from this deposit, or the asset directly funds a check, and the check is given back to the one who brought the asset to the bank? (Yes.) Is the asset that was brought to the bank of equal value to the check? (Yes.) Did the bank loan anything of value to obtain the asset? (No)
Is recording a new deposit a loan?
Is a bank loan really a bank transaction of receiving funds and issuing a check against those funds? (Yes.)
In reference to the previous question, did the bank receive the funds from the alleged borrower? (Yes.)
When a bank grants loans, is it accurate to say the bank receives funds from a customer that has value and can be converted into cash, the funds are used to issue a check, the check is given back to the one who provided the funds to issue the check and the bank calls this a bank loan?
Does the bank receive the funds from the customer for free?
How much money did the bank risk or loan to obtain the promissory note?
Is there anything in this written bank loan agreement where the alleged borrower agreed to give the lender $100,000 of actual cash value to fund a bank loan check or similar instrument having actual cash value of $100,000 and have the same $100,000 value returned back to the alleged borrower as a bank loan?
Do you have any proof the lender's policy was not to receive actual cash value of $100,000 from the alleged borrower and this was used to fund a $100,000 bank loan check or similar instrument back to the same alleged borrower?
Do you have any proof the lender did follow the Federal Reserve Bank policies and procedures regarding loans?
If one deposits cash or a check or negotiable instrument that can be exchanged for cash into a transaction account or checking account, it there a new bank deposit (liability)? (Yes.)
Is the cash or check or negotiable instrument recorded as a bank asset?
Does the new deposit mean the bank owes the depositor money for the funds the depositor brought to the bank?
Does the bank balance sheet show checking accounts, demand deposit accounts, saving account and certificate of deposits?
Are these bank liabilities?
Were these bank liabilities created when the bank received or deposited something of value from a bank customer?
Do you know of any situation where the bank creates a new deposit without receiving cash, check, draft, wire transfer or negotiable instrument or commercial paper that can be exchanged for cash from a bank customer? (Note that the question left out promissory note.)
If the bank pays the bank liability called a deposit, does the bank need an asset to pay the liability? (Yes.)
If yes, did the asset to pay the liability come from an earlier depositor? (Yes.)
Do you know how a bank can create a new deposit without receiving a bank asset of equal value from a bank customer, lender or investor?
If the bank records a new deposit (liability), is there then a depositor?
If there is a new deposit in an account (checking account), was there money deposited?
Do you know of any way there can be a new deposit without a depositor and money being deposited?
Do depositors deposit checks, cash and drafts which credit transaction account or demand deposit account or similar account increasing the bank liability?
Does $100 of cash have equal value to a $100 check?
When a bank grants a $100,000 loan and the borrower sings a $100,000 promissory note for the loan, does the $100,000 promissory note have approximately the same value as the $100,000 bank loan check?
If the bank records a new deposit, is it like someone loaned the bank something of value like money or something that can be exchange for money?
Did a loan from the borrower to the bank fund the loan from the bank to the same borrower?
At any time do you believe the lender owns the promissory note without the lender first lending the alleged borrower $100,000 actual cash value or a $100,000 check or similar instrument as consideration loaned to the alleged borrower in order for the lender to obtain the promissory note?
Prior to the bank making the loan to the alleged borrower, was the alleged borrower required to deposit $100,000 of actual cash value at a bank or lend $100,000 of actual cash value to the lender or make a gift of $100,000 actual cash value to the lender?
Do you believe the lender was to receive $100,000 actual cash value from the alleged borrower for free and the lender was to use this $100,000 of actual cash value received from the alleged borrower to fund the bank loan check to the same alleged borrower?
If the bank owes $100,000 as evidenced by a $100,000 bank liability, does that mean the bank owes $100,000 of cash or actual cash value to someone?
If the bank was loaned $100,000 or if there was a $100,000 deposit or if the bank was given $100,000 or if the bank stole $100,000 and the bank used the $100,000 to fund a bank loan check, would the bank assets and liabilities increase by $100,000?
When banks grant loans, do bank assets and liabilities increase by the amount of the alleged loan?
Do you believe it is the same thing if you give me $1,000 for free and I return it back to you as a loan compared to if I loan you $1,000 without you first giving me $1,000 for free? Which one do you think is the best business deal for the lender?
Would you feel you were damaged if you went to a lender for a $1,000 loan and they took $1,000 from you and dive it back to you and called it a $1,000 loan you must repay?
Do you feel if someone does not repay a loan, the lender is damaged?
Do you have any proof the alleged borrower was not the lender or depositor or provider of the funds for the bank loan check?
If the bank recorded an unauthorized loan from the alleged borrower to the bank which funds a loan from the bank back to the same alleged borrower and the bank refuses to repay the unauthorized loan to the bank, would wealth shift from the alleged borrower to the bank before the bank made a loan to the alleged borrower?
Do you still believe the lender is damaged if a loan is not repaid?
What is the difference if one receives an unauthorized loan and refuses to repay it or if someone simply stole the same property?