affimative defenses

“But your Honor, they really did all that to me!”

timothymccandless's avatarThe Hedge

DO NOT PLEAD A LAUNDRY LIST. The vast majority of these affirmative defenses will not apply to any given case–they are intended as a brainstorming tool, and certainly should not be included in full. Rule 11 requires that you have a good faith basis for believing an affirmative defense actually applies before pleading it, and in discovery you will likely need to respond to an interrogatory identifying all factual bases for every affirmative defense you plead.

List of Affirmative Defenses (Partial):
23458820– failure to state a claim upon which relief may be granted (almost always use)
– statutory defenses prerequisites (these will vary depending on the claims)
– preemption by federal or other law
– accord and satisfaction
– arbitration and award
– assumption of risk
– economic loss rule
– contributory or comparative negligence
– intervening cause
– supervening cause
– claimants own conduct, or by the conduct…

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Pay down the federal debt and get a tax deduction

Don’t you just love it?! Maybe some of those offshore accounts can be applied as a tax deduction before their owners get caught and go to prison for tax evasion…yeah, sure.

JDKatz's avatarThe Joy of Tax Law

Here’s a tip for all you tax payers out there: Donating money to help reduce the federal debt counts as one of the more unusual charitable tax deductions.

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DUAL TRACKING VIOLATIONS DURING MODIFICATION PERSIST

Dual tracksDual tracking is when a servicer has you filling out modification paperwork and sending them your bank statements, proof of residency, tax returns, P&Ls, payroll stubs, etc. (over and over) and actually is processing your foreclosure at the same time.  Homeowners were supposed to be protected from dual tracking during modification.

But in case you were wondering if you can sleep at night while under the modification game – here are some interesting facts just released from the California Reinvestment Coalition (CRC) who distributed a survey to housing counselors in February 2013 to Report on how the banks were holding up their end of the bargain. So, if California is any indication of what the banks are doing around the rest of the country – be very wary. Continue reading

Assault on Wall Street – The Movie…the dream…COMING SOON!

Assault on Wall Street covrMOVIE INSIDER: A security guard for an armored truck, Jim (Dominic Purcell) is a blue-collar New Yorker who works hard to earn a living. His wages support himself and his wife Rosie (Erin Karpluk), who is on the upswing recovering from a near-fatal illness. Yet things start to fall apart after Rosie’s health insurance stops covering her treatment and Jim’s life savings are lost via a disastrous investment his stockbroker had advised him to make. As a row of professional and personal dominoes falls, Jim is confronted by the realization that, after being abused and exploited by financial institutions for far too long, he has only one choice: to strike back. Sounds all too familiar?

Here are the movie trailers that are more than compelling drama. Assault on Wall Street is a stirring and probably a recurring dream for many foreclosed homeowners and pension-less employees that have been stripped of their savings, equity, homes and security. Continue reading

THE PAST BECOMES THE PRESENT – A ‘WAG THE DOG’ WITH THE POTENTIAL FOR A NUCLEAR NIGHTMARE?

Wolfowitz:

THE IRAQ WAR WAS A LIE- LISTEN TO BUSH INSIDERS….DESCRIBE WAR CRIMES

Posted by:  | on April 5, 2013

“Hubris” (Full Film) Iraq War Documentary – Rachel Maddow (02-18-2013)

MSNBC host Rachel Maddow reports on how the Bush administration viewed the terrorist attacks of 9/11 as an opportunity to remove Saddam Hussein from power in part one of Hubris.   Continue reading

Deutsche Bank: helped its customers maintain more than 300 secretive offshore companies and trusts through its Singapore branch

Why is this important when $12 Trillion ends up off shore? Among other obvious reasons, as noted by Frank Wehrheim, the former head of the tax investigation unit in German financial hub Frankfurt, big banks such as Deutsche Bank are responsible for “aiding and abetting tax fraud, money laundering and similar crimes.” Because of complex structures in tax havens, tax investigators can “very rarely look into these acts,” Wehrheim said…and trillion$ of dollars are hidden from taxes…

justiceleague00's avatarJustice League

Deutsche Bank: helped its customers maintain more than 300 secretive offshore companies and trusts through its Singapore branch

Largest German bank’s Singapore unit helped birth companies and trusts in tax havens

Germany’s largest financial institution, Deutsche Bank, helped its customers maintain more than 300 secretive offshore companies and trusts through its Singapore branch, an investigation by German newspaper Sueddeutsche Zeitung, German public broadcaster NDR and the International Consortium of Investigative Journalists has found.

More than 100 customer consultants at Deutsche Bank Singapore helped create or manage 309 offshore entities for its customers in the British Virgin Islands and other tax havens, according to secret records obtained by the news organizations.

Most of the companies carry fantasy names like “Thrilling Returns Incorporated,” “Amazing Opportunity Limited” or “Market Dollar Group Limited.” Public sources don’t show any business activities for most of these companies.

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Have We Reached A Tipping Point In The Financial System?

The Daily Sheeple logo

The DAILY SHEEPLE says:

“March and April 2013 may go down in history as the tipping point for the western financial system.

We have already seen:

  • Lehman Brothers and many other financial firms collapse.
  • $700 Billion in TARP funds arranged by banking insiders for banking insiders at the expense of US taxpayers. Continue reading

Where did all the money go? Secret Files Expose Offshore’s Global Impact

Is a third of the world’s wealth tied up in the secret area of offshore? The mega-rich use of complex offshore structures is exposed.

630secrecyforsale_header_homeHIGHLIGHTS OF OFFSHORE LEAKS SO FAR
By Emily Menkes
April 4, 2013, 1:00 pm

Today marks the beginning of one of the biggest financial leaks in history.

The International Consortium of Investigative Journalists has just released the first stories from a global collaborative project into the world of offshore money. The Tax Justice Network, an advocacy group claims that a third of the world’s wealth is tied up in the secret area of offshore. Continue reading

Sell Now! Confessions Of An Ex-Stockbroker

fiscalcliffroadblockIt’s pretty obvious to anyone studying securitization in foreclosure defense that the mortgage-backed securities scheme is fraught with fraud and teetering on the brink of disaster.

And when the next crisis happens it will be a non-partisan financial force majeure.

Affirmations have been coming out more recently by those fed up with the dealings of Wall Street’s greed and fear operations. This post by John Meyers in Personal Liberty  rings all too true.      Continue reading