Well, today was Black Friday and everyone’s interested in how much consumers are spending. Consumer spending is of course good for the economy, but is it good for individual consumers. If you’re trying to beat back debt or save money for college or retirement or just cover the bills, getting hooked into the purchase of stuff may not be such a great idea. The Occupy people were bringing that message to the malls today – with mixed results. It’s not clear, for instance, how not shopping at Macy’s helps education, as this protester said, as reported by ABC “I see …Read more »
Monthly Archives: November 2011
Occupy Santa Rosa: ‘The homeless have taken over’
Way back when, a few months ago, Santa Rosa City Hall was the focus of a huge Occupy rally and march – the sixth largest in the country. It was a middle-class affair – my friends and I were there – filled with a happiness that people had been moved to come and protest and speak out. Here’s a pic from that day: After the rally, Occupy Santa Rosa organizers vowed to occupy City Hall. They did. But anyone who has driven past the encampment, as I do every day, since CalTrans has been tearing up Third Street, can see …Read more »
Category: Uncategorized |
Couple forecloses on Bank of America!
In this piece from the Daily Show, we learn about a couple who owned their house outright but Bank of American tried to foreclose on them anyway. No lawyer wanted their case except a rookie attorney with eight months’ experience. They sued the bank and got a judgment for $3,000. When BofA wouldn’t pay, they got a writ of execution and went down to the local branch with a sheriff and emptied the place out. The Daily Show with Jon StewartGet More: Daily Show Full Episodes,Political Humor & Satire Blog,The Daily Show on Facebook
Category: Foreclosure |
California bankruptcy attorney on student loans: Private lenders face new scrutiny
The federal consumer regulator says it’s high time for private student lenders to provide transparency into their practices, Reuters reports. “It has been operating in the shadows for too long,” Raj Date, the Treasury Department adviser who is running the Consumer Financial Protection Bureau, said in a release. “Shedding light on this industry will benefit students, lenders, and the market as a whole.” The problem with student loans, from our perspective, is that they are not dischargeable in bankruptcy, and that schools are motivated to sign up students – even very marginal students – since the taxpayers are on the …Read more »
Category: Student Loans |
The ice cream of the future is the bankruptcy of the present
Remember Dippin’ Dots – the ice cream of the future? It seems things arent going so well in the future. The company filed for Chapter 11 reorganization today, Bloomberg reports. The company asked U.S. Bankruptcy Judge Thomas H. Fulton to let it use cash held as collateral for an $11 million loan from Regions Bank of St. Louis. Without using the collateral, Dippin’ Dots “will have no ability to operate,” the company said in court papers. It didn’t file an explanation of the bankruptcy. Hey, what are dippin’ dots anyway? Here’s an explanation from the website: Jones, a microbiologist, pioneered …Read more »
Category: Uncategorized |
Blame Wall Street or Congress?
So in a perfect example of government patsies covering for their corporate masters, New York Mayor Bloomberg says Occupy Wall Street should Occupy Capitol Hill instead. Check this out: It was not the banks who created the mortgage crisis, it was, plain and simple, Congress,” said Bloomberg to an Association for a Better New York breakfast meeting. “They are the ones who pushed the banks to loan to everybody and now we want to vilify the banks because it’s one target,” said Bloomberg. “It’s easy to blame them and Congress is certainly not going to blame themselves.” So, Wall Street …Read more »
Category: Occupy Wall Street |
Recent Posts
- California eviction basics
- Thinking about college? Did you know student loan debt is nondischargeable?
- What happens when creditor calls continue after bankruptcy? Santa Rosa attorney explains
- Santa Rosa attorney: What Vallejo teaches consumers about bankrupcty
- Santa Rosa attorney: Why you need a lawyer for bankruptcy
Categories
- Automatic stay
- Bankruptcy
- Bankruptcy scams
- BK in the news
- Business Entities
- Business Law
- California Courts
- Chapter 13
- Chapter 7
- Civil Litigation
- Community
- Consumer Law
- Crime
- Drugs & Alcohol
- Education
- Employment
- Eviction
- Foreclosure
- IRS
- Landlord-Tenant
- Leases
- Loan Mods
- Marijuana
- Occupy Wall Street
- Privacy
- Real Estate
- Scams
- Sonoma County
- Student Loans
- U.S. Supreme Court
- Uncategorized
- Victims Rights
Archives
- December 2012
- September 2012
- August 2012
- July 2012
- June 2012
- April 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
Tag Cloud
Archives
- December 2012
- September 2012
- August 2012
- July 2012
- June 2012
- April 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
Recent Post
- California eviction basics
- Thinking about college? Did you know student loan debt is nondischargeable?
- What happens when creditor calls continue after bankruptcy? Santa Rosa attorney explains
- Santa Rosa attorney: What Vallejo teaches consumers about bankrupcty
- Santa Rosa attorney: Why you need a lawyer for bankruptcy