Predatory Lending and Its Impact on the Consumer Credit Market Symposium
Friday, October 17, 2008
1:00 PM to 5:00 PM
LoyolaUniversityNew OrleansCollege of Law
526 Pine Street, Room 405.
Presenters include:
Professor Melissa B. Jacoby
University of North Carolina- Chapel Hill
Thinking about Loan Delinquency through the
Lens of Bankruptcy
Professor Christopher Peterson
S.J.QuinneyCollege of Law
Blaming Prime Market Lenders for a Subprime
Market Crisis: The Politics of Home Foreclosure
and the Government Sponsored Enterprises
The Honorable Elizabeth W. Magner
United States Bankruptcy Court
for the Eastern District of Louisiana
So How Come Home Mortgage Loan
Advances” Have Jeopardized The Home?
Air Liquide
Today, Air Liquide USA LLC announces a contribution of $100,000 to be shared by the American Red Cross and United Way organizationsto assist those most seriously affected by the hurricane disasters in the GulfCoast regions of Texas and Louisiana.
Air Liquide teams were actively involved in essential services to the public by ensuring that healthcare institutions were supplied with medical gases before and after the hurricanes. Air Liquide teams also took the initiative to produce more than 100 tons of dry ice for donation to distribution points in the severely affected area of Beaumont, Texas. And our industrial teams restored our operations safely and promptly to enable our customers’ recovery efforts.
UPS
UPS today announced 16 elite drivers from Louisiana are among 692 nationwide newly inducted into the Circle of Honor, an honorary organization for UPS drivers who have achieved 25 or more years of accident-free driving.
Louisiana boasts 76 active Circle of Honor drivers with a combined 2,112 years of accident-free driving. Winston Petry of Lafayette and James Jackson of Greenwood are Louisiana’s senior safe drivers, with 33 years each of accident-free driving.
Nationwide, 4,582 active UPS drivers are members of the Circle of Honor. Collectively they’ve racked up 129,632 years and more than 5 billion safe miles during their careers, or the equivalent of 10,000 trips to the moon and back.
Bank of America
Bank of America shares fell 14% in early trading Tuesday
Speaking of using taxpayer funded programs to make fuel out of chicken fat.... An elderly woman walked into the Bank of Canada one morning with a purse full of money........ She wanted to open a savings account and insisted on talking to the president of the Bank because, she said, she had a lot of money....... After many lengthy discussions (after all, the client is always right) an employee took the elderly woman to the president's office....... The president of the Bank asked her how much she wanted to deposit. She placed her purse on his desk and replied, '$165,000'. The president was curious and asked her how she had been able to save so much money. The elderly woman replied that she made all kind of bets.,,,,,, The president was surprised and asked, 'What kind of bets?'..... The elderly woman replied, 'Well, for instance, I bet you $25,000 that your testicles are square.'..... The president started to laugh and told the woman that it was
impossible to win a bet like that........ The old woman never batted an eye. She just looked at the president and said, 'Would you like to take my bet?'.... 'Certainly', replied the president. 'I bet you $25,000 that my
testicles are not square.'.... 'Done', the elderly woman answered. 'But given the amount of money involved, if you don't mind I would like to come back at 10 o'clock tomorrow morning with my lawyer as a witness.'..... 'No problem', said the president of the Bank confidently....... That night, the president became very nervous about the bet and spent a long time in front of the mirror examining his
testicles, turning them this way and that, checking them over again and again until he was positive that no one could consider his testicles as square and reassuring himself that there was no way he could lose the bet....... The next morning at exactly 10 o'clock the elderly woman arrived at the president's office with her lawyer and acknowledged the $25,000 bet made the day before was still on....... The president confirmed that the bet was indeed on, and he didn't see that there was anyway that she could possibly prove him wrong...... Then the elderly woman asked him to drop his pants etc. so that her lawyer could see for himself............. The president was happy to oblige.......... The elderly woman came closer so she could see better and asked the president if she could touch them. 'Of course', said the president. 'Given the amount of money involved, you
should be 100% sure.'........... The elderly woman did so with a little smile..... Suddenly the president noticed that the lawyer was banging his head against
the wall....... He asked the elderly woman why he was doing that
and she replied, 'Oh, it's probably because I bet him $100,000 that around 10 o'clock in the morning I would be holding the balls of the President of the Bank of Canada !'
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Bank of America...... Bank of America shares fell 14% in early trading Tuesday... No big deal, it fell 14% in relation to what? Warren Buffet? Wells Fargo? Meryl Lynch? It's doing fine....... No worries Mate........
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