Daily Archives: August 22, 2015

Check out Presidential candidate Deez Nuts’ platform laid out on his website

 I have to admit that the independent candidate, Deez Nuts, that has been the talk about person on the social media is a very intelligent young person . By the way, the candidate is a 15-year-old farm boy named Brady Olsen from Iowa that filed papers with FEC for his candidacy. Brady told the NY Times that the reason  that he entered the Presidential race is because Brady replied, “To clear the way for a future third-party movement.’’ But, check out his platform that he laid out on his website. He may be a minor but he is more intelligent than the Presidential candidates running for office.

From Deez Nuts for President 2016:

Illegal Immigration

I believe that anyone who is found as an illegal immigrant in this country must be deported back to their country of origin, with the lone exception of being a minor.

Federal Budget & Government Spending

I believe that the US Government should not be allowed to spend more than it makes from tax revenue. The reason we are in a budget crisis is because the two main parties refuse to compromise on this issue. Every federal official in either Congress, President, or the Cabinet, should immediately have their salary cut in half.  Once the budget is balanced, those salaries may slowly rise. If the budget returns negative, salaries go back to where they started.

Abortion & Same-Sex Marriage

I feel that as equal human beings that we should be allowed to choose how to live our lives without being discriminated by one another. At the same time however, I also understand that people believe that Christian religion outweighs government policy. But America is no longer mainly Christian. It is Christian, Jewish, Islam, Hebrew, and many others.

Foreign Policy

I support the work that John Kerry and the State Department did with the Iran nuclear deal, considering it took nearly two years to reach this point. Everyone wants a better deal, but that’s the whole point of negotiating. Look at your wants, then their wants, and meet in the middle. Now is the time  being respected instead of feared by other nations. I also feel that we need to stop being a world watchdog and limit our positions in international conflicts.

Energy

I support cutting subsidies to oil companies and giving tax incentives to individuals and corporations that implement green technology and renewable energy sources into their communities. I also support giving grants to communities for the purpose of installing municipal wind turbines, hydroelectric dams, and rooftop solar panels.

Economy

I support giving corporations tax incentives for the sole purpose of creating jobs IN America TO Americans FOR Americans. This will in turn stimulate the economy and make us more self-sufficient instead of relying on products from foreign countries.

Territorial Voting Rights

I support giving citizens in our American territories voting rights. I also support giving American Samoan citizens automatic US citizenship. I would give Puerto Rico 3 electoral votes since Puerto Rico is bigger than many states. Guam, the US Virgin Islands, and the Northern Marianas all get 2 since they are smaller, but still incorporated territories. Finally, American Samoa would only get 1 since it is still considered an “unincorporated” territory. This would bring the total of electoral votes from 538 to 548. I also support giving all 5 territories plus Washington, D.C. 1 seat in the House of Representatives instead of non-voting delegates. This would bring seats in the House from 435 to 441.

Libor MDL Judge Throws Unprepared Lawyer Out Of Court

Law360, New York (August 20, 2015, 3:11 PM ET) — The Manhattan federal judge overseeing sprawling civil antitrust multidistrict litigation tied to banks’ gaming of the London Interbank Offered Rate was on the hunt for weak cases on Thursday, thinning the herd by throwing one plaintiff and her woefully unprepared lawyer out of court and leaving other claims on life support.

U.S. District Judge Naomi Reice Buchwald’s questions during more than two hours of oral argument related to various banks’ dismissal bids put pressure on plaintiffs to justify remaining in the MDL triggered by criminal probes…

Source: Law360

Case Information

Case Title

In Re: Libor-Based Financial Instruments Antitrust Litigation

Case Number

1:11-md-02262

Court

New York Southern

Nature of Suit

Anti-Trust

Judge

Naomi Reice Buchwald

Date Filed

August 12, 2011

Law Firms

Companies

THE LIBOR HOMEOWNER INTEREST RATE LITIGATION

From Sharbrough Law website:

The London Interbank Offered Rate, or LIBOR, is a benchmark interest rate set by the world’s largest banks.  While the average american was or is blissfully ignorant about the specifics of LIBOR, it affected so many financial instruments that is was justifiably called the “most important interest rate in the world.”  LIBOR is used to set interest rates on such credit instruments as private student loans, auto loans, adjustable-rate mortgages, credit cards, etc., all of which  need to be indexed to some underlying marker of the overall cost of funds within the financial system.  

When we became aware of growing evidence that LIBOR numbers have been deliberately manipulated by banks for years, which would mean that millions of people have been paying the wrong interest rate on all manner of financial products, we immediately filed a class action suit against the responsible banks.   We believe that vast sums of money have been wrongly snatched from innocent people and created equally vast undeserved windfalls for others.  And once again, the basic structure of the world’s financial system has been exposed as fundamentally broken.

John Sharbrough filed the first case on behalf of homeowners, Annie Bell Williams, et al vs. Bank of America, and it was followed closely by Payne et al. v. Bank of America, a case filed by Baron & Budd.  Sharbrough and Baron & Budd  have agreed to cooperate as they to represent homeowners in this extremely complex litigation.

Roland Tellis of Baron & Budd is lead counsel for the Homeowner Class.  Dan Alberstone and Mark Pifko, also of Baron & Budd, are assisting on the case.  Baron & Budd is widely recognized as one of the nation’s leading plaintiffs’ law firms.   Homeowners injured by the LIBOR rate manipulations will be well represented by the Baron & Budd – Sharbrough alliance. 

Class Counsel is currently preparing for oral argument, set for August 20, 2015, in opposition to the motions to dismiss. Counsel are confident that the motions to dismiss will not prevent the case from continuing.

The First Amended Complaint may be viewed here.