Homeowner Forecloses On Bank Of America

After attempting to foreclose on the wrong house, the homeowner got a judgment against Bank of America for damages. Bank of America refused to pay the judgment, so the homeowner, with the help of the local Sheriff, foreclosed on a Bank of America branch office.

An hour later the branch manager paid the judgment.

$2 Million Logo For Government

U.S.D.A. had spent about $2 million to develop and promote the logo, including conducting research and focus groups and creating a Web site.

$2 million to change the food pyramid into a food pie chart. A nice example of government waste.

USDA's shiny new website:

US Government Attorney Lies To Canada

In an illegal harassment to protect Cisco Systems, a US government attorney deceived Canada. In an extraordinary move, Canada has refused to extradite the target of harassment to the US. Apparently the person was being harassed to have him drop a civil suit against Cisco Systems.

Justice McKinnon said if Canada had known the true facts, it would not have proceeded.

“Almost nothing in the U.S. attorney’s letter was true,” Adekeye’s lawyer Marilyn Sandford said Thursday.

McKinnon said the false material duped B.C. Supreme Court Justice Peter Leask into issuing an arrest warrant ...

He said the material from the Americans was full of innuendo, half-truths and falsehoods.

Sandford called the U.S. conduct Kafkaesque.

Justice McKinnon said little of what the Americans told Ottawa was true — and the supposed criminal conduct cited in their request was actually a trivial dispute that was part of the bigger legal civil battle between Adekeye and the $7-billion computer firm.

Taxpayers Financing Cars

Thanks to admitted tax cheat Tim Geithner (Treasury Secretary) bailing out GM's financial arm, the US taxpayers are providing financing for new cars and raise the financing amount on used cars.

This is going to be another taxpayer-financed disaster while the bankers continue to get paid.


(Reuters) - Ally Financial Inc, the United States' largest maker of car loans, hopes that people have forgotten the time when "subprime" became a synonym for "disaster."

...
It has said it wants to raise the percentage of auto loans on used cars that it makes to 50 percent from its current 20 percent.
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Ally is the kind of company that "will likely need to call for the government's financial ambulance at some point in the future," said James Ellman, a hedge fund portfolio manager at Seacliff Capital in San Francisco. "I don't know if it is sooner, or later, but it will happen."
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The government's ambulance came for Ally three times during the financial crisis as Ally's book of subprime mortgages collapsed. Taxpayers injected more than $17 billion into the company, which had assets of $287 billion in 2006 before loan values collapsed.

Those bailouts left the government holding a 74 percent stake in Ally ...