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PR,

They should both be held in same regard. It the exec at the companies that never face any neg consequences for their screw ups. And most here never ever critize them. Look, I am the first one to complain about the bas** that bought 3 houses they couldnt afford with no neg consquences. But if someone is about to lose their home, they should try to use their good credit to get another rental or smaller house before their credit goes bad. That what Suzy Ormon would say.

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We should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?

My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.

BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.

[equalizer]

We should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?

My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.

BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.

[equalizer]

We should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?

My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.

BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.

[equalizer]

We should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?

My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.

BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.

[equalizer]

We should go back to 10-20% down and documented income. (OK, allow strict FHA loans for deserving poor people) It is the real estate industrial complex that is complicit with their homeowners for all mantra. Isnt home ownership already at 70%?

My problem with the banks, MER,etc is that the execs walk away with 100’s of millions for massively screwing up and guess who everyone here blames? Me. I tried to warn the world 3 years back. I sent emails to marketwatch economists about the san diego bubble. I was ignored. What else was I supposed to do? Was I VP of risk analysis at Citi, WAMU? Was I the double Phd running credit analysis at Moodys, S&P and Fitch? What about the responsibility of these credit agencies? So these corporations bear ZERO responsibility for bank losses and I get 100% of the blame. I will gladly take the blame if you give me a million.

BTW I sold WAMU stock during the August scare around 32 after good returns for 4 years+. Its 13 today! Oakmark funds really got hosed as largest shareholder. They should have listened to Poway Seller.

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Lets talk about lawsuits. Why do QCOM and BRCM file frivilous lawsuits agains each other all day long and even when there is proof that one party was abusing the judicial system, the judge doesnt do anything? [Disclosure: I am a major QCOM shareholder (at least 1 share)] I know you guys believe that personal injury lawyers should be fined millions and/or banned from courtroom for filing frivilous lawsuits. Then what about these QCOM and BRCM lawyers? Should the companies be banned from the courtroom? No, I didnt think you guys would say that.

BTW, CA has medical-lawsuit cap, so lawsuits are NOT the cause of high medical costs, its more likely the illegals and the earthquake retrofit reqt. UCSD Medical center will be scapped for a new building.
Speaking of lawsuits, most are filed by corporations: (from the hare filled Public Citizen)
The survey of case filings in two states (Arkansas and Mississippi) and two local jurisdictions (Cook County, Ill., and Philadelphia, Pa.) in 2001 found that businesses were 3.3 to 5.8 times more likely to file lawsuits than were individuals. This comes as businesses and politicians are campaigning to limit citizens’ rights to sue over everything from medical malpractice damages to defective products. By way of comparison, the number of American consumers (281 million) outnumbers the number of businesses in America (7 million) by 40 times.

The report also found that businesses and their attorneys were 69 percent more likely than individual tort plaintiffs and their attorneys to be sanctioned by federal judges for filing frivolous claims or defenses.

[equalizer]

Lets talk about lawsuits. Why do QCOM and BRCM file frivilous lawsuits agains each other all day long and even when there is proof that one party was abusing the judicial system, the judge doesnt do anything? [Disclosure: I am a major QCOM shareholder (at least 1 share)] I know you guys believe that personal injury lawyers should be fined millions and/or banned from courtroom for filing frivilous lawsuits. Then what about these QCOM and BRCM lawyers? Should the companies be banned from the courtroom? No, I didnt think you guys would say that.

BTW, CA has medical-lawsuit cap, so lawsuits are NOT the cause of high medical costs, its more likely the illegals and the earthquake retrofit reqt. UCSD Medical center will be scapped for a new building.
Speaking of lawsuits, most are filed by corporations: (from the hare filled Public Citizen)
The survey of case filings in two states (Arkansas and Mississippi) and two local jurisdictions (Cook County, Ill., and Philadelphia, Pa.) in 2001 found that businesses were 3.3 to 5.8 times more likely to file lawsuits than were individuals. This comes as businesses and politicians are campaigning to limit citizens’ rights to sue over everything from medical malpractice damages to defective products. By way of comparison, the number of American consumers (281 million) outnumbers the number of businesses in America (7 million) by 40 times.

The report also found that businesses and their attorneys were 69 percent more likely than individual tort plaintiffs and their attorneys to be sanctioned by federal judges for filing frivolous claims or defenses.

[equalizer]

Lets talk about lawsuits. Why do QCOM and BRCM file frivilous lawsuits agains each other all day long and even when there is proof that one party was abusing the judicial system, the judge doesnt do anything? [Disclosure: I am a major QCOM shareholder (at least 1 share)] I know you guys believe that personal injury lawyers should be fined millions and/or banned from courtroom for filing frivilous lawsuits. Then what about these QCOM and BRCM lawyers? Should the companies be banned from the courtroom? No, I didnt think you guys would say that.

BTW, CA has medical-lawsuit cap, so lawsuits are NOT the cause of high medical costs, its more likely the illegals and the earthquake retrofit reqt. UCSD Medical center will be scapped for a new building.
Speaking of lawsuits, most are filed by corporations: (from the hare filled Public Citizen)
The survey of case filings in two states (Arkansas and Mississippi) and two local jurisdictions (Cook County, Ill., and Philadelphia, Pa.) in 2001 found that businesses were 3.3 to 5.8 times more likely to file lawsuits than were individuals. This comes as businesses and politicians are campaigning to limit citizens’ rights to sue over everything from medical malpractice damages to defective products. By way of comparison, the number of American consumers (281 million) outnumbers the number of businesses in America (7 million) by 40 times.

The report also found that businesses and their attorneys were 69 percent more likely than individual tort plaintiffs and their attorneys to be sanctioned by federal judges for filing frivolous claims or defenses.

[equalizer]

Lets talk about lawsuits. Why do QCOM and BRCM file frivilous lawsuits agains each other all day long and even when there is proof that one party was abusing the judicial system, the judge doesnt do anything? [Disclosure: I am a major QCOM shareholder (at least 1 share)] I know you guys believe that personal injury lawyers should be fined millions and/or banned from courtroom for filing frivilous lawsuits. Then what about these QCOM and BRCM lawyers? Should the companies be banned from the courtroom? No, I didnt think you guys would say that.

BTW, CA has medical-lawsuit cap, so lawsuits are NOT the cause of high medical costs, its more likely the illegals and the earthquake retrofit reqt. UCSD Medical center will be scapped for a new building.
Speaking of lawsuits, most are filed by corporations: (from the hare filled Public Citizen)
The survey of case filings in two states (Arkansas and Mississippi) and two local jurisdictions (Cook County, Ill., and Philadelphia, Pa.) in 2001 found that businesses were 3.3 to 5.8 times more likely to file lawsuits than were individuals. This comes as businesses and politicians are campaigning to limit citizens’ rights to sue over everything from medical malpractice damages to defective products. By way of comparison, the number of American consumers (281 million) outnumbers the number of businesses in America (7 million) by 40 times.

The report also found that businesses and their attorneys were 69 percent more likely than individual tort plaintiffs and their attorneys to be sanctioned by federal judges for filing frivolous claims or defenses.

[equalizer]

Lets talk about lawsuits. Why do QCOM and BRCM file frivilous lawsuits agains each other all day long and even when there is proof that one party was abusing the judicial system, the judge doesnt do anything? [Disclosure: I am a major QCOM shareholder (at least 1 share)] I know you guys believe that personal injury lawyers should be fined millions and/or banned from courtroom for filing frivilous lawsuits. Then what about these QCOM and BRCM lawyers? Should the companies be banned from the courtroom? No, I didnt think you guys would say that.

BTW, CA has medical-lawsuit cap, so lawsuits are NOT the cause of high medical costs, its more likely the illegals and the earthquake retrofit reqt. UCSD Medical center will be scapped for a new building.
Speaking of lawsuits, most are filed by corporations: (from the hare filled Public Citizen)
The survey of case filings in two states (Arkansas and Mississippi) and two local jurisdictions (Cook County, Ill., and Philadelphia, Pa.) in 2001 found that businesses were 3.3 to 5.8 times more likely to file lawsuits than were individuals. This comes as businesses and politicians are campaigning to limit citizens’ rights to sue over everything from medical malpractice damages to defective products. By way of comparison, the number of American consumers (281 million) outnumbers the number of businesses in America (7 million) by 40 times.

The report also found that businesses and their attorneys were 69 percent more likely than individual tort plaintiffs and their attorneys to be sanctioned by federal judges for filing frivolous claims or defenses.

[equalizer]

What kind of loan did your friend get and what kind of payments on old and new? I know some here will call it fraud and breach of contract, etc, etc, but as long as they didnt committ fraud where is the issue? If you cant, dont pay your loan, contract specifies the remedies. Its amazing that people here cry for the banks under the personal responsibility guise. If the lawyers for the bank are too STUPID to write in proper clauses, why should we cry for the banks. They know how to write 30% APR for credit cards.

[equalizer]

What kind of loan did your friend get and what kind of payments on old and new? I know some here will call it fraud and breach of contract, etc, etc, but as long as they didnt committ fraud where is the issue? If you cant, dont pay your loan, contract specifies the remedies. Its amazing that people here cry for the banks under the personal responsibility guise. If the lawyers for the bank are too STUPID to write in proper clauses, why should we cry for the banks. They know how to write 30% APR for credit cards.

[equalizer]

What kind of loan did your friend get and what kind of payments on old and new? I know some here will call it fraud and breach of contract, etc, etc, but as long as they didnt committ fraud where is the issue? If you cant, dont pay your loan, contract specifies the remedies. Its amazing that people here cry for the banks under the personal responsibility guise. If the lawyers for the bank are too STUPID to write in proper clauses, why should we cry for the banks. They know how to write 30% APR for credit cards.

[equalizer]

What kind of loan did your friend get and what kind of payments on old and new? I know some here will call it fraud and breach of contract, etc, etc, but as long as they didnt committ fraud where is the issue? If you cant, dont pay your loan, contract specifies the remedies. Its amazing that people here cry for the banks under the personal responsibility guise. If the lawyers for the bank are too STUPID to write in proper clauses, why should we cry for the banks. They know how to write 30% APR for credit cards.

[Author]

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