'Perverse compensation practices' - Can we get some of those at WalMart? Really I think 'authority of orderly liquidation' has to be my favorite one :)
http://neweconomicperspectives.org/2014/10/krugmans-bashes-progressives-criticizing-obama-grounds-criticizes-obama.html#comment-1229104
'Perverse compensation practices' - Can we get some of those at WalMart? Really I think 'authority of orderly liquidation' has to be my favorite one :)
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http://www.rawstory.com/rs/2014/10/jon-stewart-blasts-ex-aig-chief-go-fck-yourself-for-crying-over-184-billion-bailout/
This week, Greenberg and AIG get their day in court to whine about the 184 Billion they received in 2008 so they could stay in business rather than curl up and go bankrupt. It's just not fair! They were screwed out of 59 Billion at least in the fine print! It's terrible when these devious young financiers try to take advantage of your misfortune like that.... IN THE UNITED STATES DISTRICT COURT
FOR WESTERN DISTRICT OF TEXAS UNITED STATES COURTHOUSE 501 WEST FIFTH STREET AUSTIN, TEXAS 78701 ___________________________________________________ DAVID MCCRAE, qui tam ⎬ CONSUMER FINANCIAL PROTECTION BUREAU ⎬ v. ⎬ PHH MORTGAGE CORPORATION (dba BURNET ⎬ MORTGAGE SERVICES; ⎬ CENTURY 21 MORTGAGE; COLDWELL BANKER ⎬ CIVIL ACTION NO. MORTGAGE; DOMAIN DISTINCTIVE PROPERTY ⎬ 1:14-733-LY FINANCE; ERA MORTGAGE; INSTAMORTGAGE.COM ⎬ MORTGAGE SERVICE CENTER; ⎬ MORTGAGEQUESTIONS.COM; MORTGAGESAVE.COM ⎬ PHH MORTGAGE SERVICES) ⎬ And BARRETT DAFFIN ⎬ FRAPPIER TURNER AND ENGEL, LLP, ⎬ ______________________________________________________ §§§ JURY TRIAL DEMANDED §§§ PLAINTIFF’S MOTION IN OPPOSITION OF DOCUMENT 34 Document 34 encompasses Defendant PHH Motion to Strike Plaintiff’s Second Amended Complaint. I did not ask for leave to file the second amended complaint. I apologize the the oversight. I was somewhat surprised by the magistrate’s Report and Recommendations, especially since the issues have hardly been clarified, no exhibits have been submitted, no Rule 26(f) conference has been held, no discovery has proceeded, and the issues are still quite murky. Nevertheless, the Magistrate’s Report raised worthwhile issues that deserve to be minimally addressed before dismissal. For the simple issues I’ve recognized and incorporated-
The mortgage servicing industry has been a generally recognized sewer of the economy, and has been the focus of the Department of Justice for many years. The DOJ has expended >500M in prosecutorial effort over the last few years, with significant current expenditures still under way, and recovered >80B in penalties and restitution from economic giants such as Chase/JPM, BOA, Citi, Wells Fargo, Ocwen, GreenTree, Ally, and most recently this week Flagstar. These companies comprise a healthy slice of the industry in which defendants currently play a very minor role. This is publicly available information in any newspaper. Most of the consent judgments registered so far use a system of oversight developed by Joseph A Smith (who does not do litigation) to verify compliance with existing law through 29 easily observable metrics. We’re (the USA) now accumulating a lot of quarterly reports, on a large amount of business in America. I’ve stated my 15 claims in compliance with those metrics, and this is how I will display these complex issues to the jury. The facts are no different. I will present more than threadbare assertions. Each violation of the 29 entails a 1M/5M recommended penalty, though the jury is naturally free to use whatever guidance they feel is best. In short, my Second Amended Complaint is only a clarification of my first, incorporating the expressed concerns of the Magistrate’s Report. There are no new facts. We have not had any meetings between the parties, have made no disclosures or discoveries. If this complaint is convenient, I offer it freely. If inconvenient, let’s proceed using the first one. Yes, I have a lot of material to collect and present to the jury in an understandable format. Yes, the defendants need to present their case. Let’s do it. This statement requires no court order. The Defendants’ response remains clear. They desire to be dismissed. For Truth, Justice, and America, Date: 2 October 2014 Signature: /s/ David McCrae, Pro se 350 Cee Run/Bertram, Texas 78605 512.557.0283 [email protected] |
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