Daily Archives: August 13, 2012

Judge: 90% of Credit Card Lawsuits Can’t Prove Borrower Owes Money

From the article:

As they work through a glut of bad loans, companies like American Express, Citigroup and Discover Financial are going to court to recoup their money. But many of the lawsuits rely on erroneous documents, incomplete records and generic testimony from witnesses, according to judges who oversee the cases.

Lenders, the judges said, are churning out lawsuits without regard for accuracy, and improperly collecting debts from consumers. The concerns echo a recent abuse in the foreclosure system, a practice known as robo-signing in which banks produced similar documents for different homeowners and did not review them.

“I would say that roughly 90 percent of the credit card lawsuits are flawed and can’t prove the person owes the debt,” said Noach Dear, a state civil court judge in Brooklyn, who said he presides over as many as 100 such cases a day….

The problem, according to judges, is that credit card companies are not always following the proper legal procedures, even when they have the right to collect money. Certain cases hinge on mass-produced documents because the lenders do not provide proof of the outstanding debts, like the original contract or payment history.

At times, lawsuits include falsified credit card statements, produced years after borrowers supposedly fell behind on their bills.

Bank of America drills open customer safe deposit box and removes contents.

OMG. When you think that things can’t get worse. Can you feel safe having a safe deposit box at a bank????

Deadly Clear

So, you think keeping your valuables and extra cash in a bank safe deposit box is safe? Well, think again.  Bank of America drilled open a customer’s safe deposit box, removed the contents and shipped it to their corporate holding center across the country in South Carolina. DANVILLE, CA (CBS 5) Carried the story and stated that many consumers often use store valuable possessions in safe deposit boxes assuming it’s secure, but a Danville, California couple found that’s not

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Full Deposition of JPMorgan/WaMU Lawrence Nardi Part 2 – Just What Happened To All Those Wamu’s Notes?

Full Deposition of JPMorgan/WaMU Lawrence Nardi Part 1 – Just What Happened To All Those Wamu’s Notes?

Biloxi Buzz for Monday

RYAN: ‘SEVERAL’ YEARS OF TAX RETURNS FOR ROMNEY, JUST 2 FOR PUBLIC

 

DOMINANT: U.S. Cleans Up At Olympics

 

Giffords Hits Big Milestone In Her Recovery

 

Paul Ryan Only Passed 2 Bills Into Law In More Than A Decade

 

Hon. Philip S. Straniere – The judge in the “Sixth Sense” part of the Civil Court, seeing cases with “dead corporations” represented by “dead law firms”

Deadly Clear

“This is another case which is slowly convincing me that I am the judge in the “Sixth Sense” part of the Civil Court where, like characters in that film who only see dead people, I am relegated to seeing cases with “dead corporations” represented by “dead law firms,” citing Hon. Philip S. Straniere from CENTURION CAPITAL CORP., v. ANNA GUARINO. 

Sounds a lot like mortgage foreclosure fraud, doesn’t it?  Bankrupt mortgage lending companies resurrecting themselves as the ghost of the bank or pretender lender that exited years earlier – all of a sudden, without legal authority they appear in court trying to fool the homeowners, investors, state recordation offices and courts with fabricated (too late) assignments of mortgage to trusts that closed years earlier and are now rapidly depleting their assets – paid off likely with TARP funds – thank you very much.

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Court defies Congress, heads to Hawaiian junket on taxpayers’ dime

Court defies Congress, heads to Hawaiian junket | WashingtonExaminer.com.

This weekend, judges, lawyers and staff of the country’s 9th Circuit Court of Appeals will convene in Maui, Hawaii, for a government-funded conference that they refused to cancel despite pressure from Republican lawmakers who balked at the junket’s $1 million price tag.

Two Supreme Court Justices, Samuel Alito and Anthony Kennedy, will attend the three-day event and are scheduled to speak briefly on the conference’s final day. Their mere presence will add tens of thousands of dollars to the conference’s security costs, law enforcement sources told The Washington Examiner.

Ninth Circuit Chief Judge Alex Kozinski recently told Congress it was too late to cancel the event, which was booked two years in advance. Senate aides dispute that claim. After combing through the contract, the aides determined that the court could cancel the event by paying a penalty fee that would save most of the taxpayers’ money.

………..

The conference includes a list of sidelights, including yoga, Zumba dancing and surfing lessons, which court officials say are being underwritten by private funds.