Masters of the Universe category archive

Another bank blanked. Bank no more on

GreenChoice Bank, fsb, Chicago, Illinois.

It is kaput, defunct, all gone.

Via the Bob and Chez After Party.

Via Progressive Populist.

Another bank gets blanked. Bank no more on

Eastside Commercial Bank, Conyers, Georgia

At Delaware Liberal, one of the regulars compares persons and “corporate persons” and wonders which gets the “Get Out of Jail Free” card. A nugget:

Harming Neighbors-Real people harming neighbors, like throwing garbage in their gutter or flooding the neighborhood with the garden hose, can be sued, stopped by health authorities or given restraining orders. Corporate people go on for years polluting neighbors with toxins and it requires a monumental, expensive legal effort to stop or restrain them. Often they are excused because they “give people jobs”.

Follow the link. The whole post is worth your while.

“Corporate personhood” is a Frankenstein’s monster which, like its original, has the potential to destroy its creators while laying waste to the polity and its environs–and its environment.

Also, pigs, wings.

After a 16-year struggle, Nationwide gets adjudged to pay a $25,000 claim, plus $18,000,000 in punitive damages, described in the story as the largest punitive damages award against an insurance company for “bad faith” dealings in Pennsylvania history.

The judge in the case determined that Nationwide spent more than $3 million to defend a claim over a Jeep it could and should have replaced for $25,000.

He found that the Jeep remained unsafe even after repairs.

Rather than replace it, he said, Nationwide had engaged in an extensive cover-up, hiding crash photos and other relevant information from Berg and her husband.

He said Nationwide followed a written “litigation strategy” that called for it to fight smaller claims tenaciously – even though such a strategy had been denounced by Pennsylvania courts as “unethical and unprofessional.”

Follow the link for more, including delightful quotations from the judge’s ruling.

Via Kos.

Via Kavips.

More banks blanked.

Valley Bank, Fort Lauderdale, Florida
Valley Bank, Moline, Illinois

It’s difficult to tell from the press releases whether the valleys are related.

Via Job’s Anger.

They have ways to get out of jail for free.

Cenk is sometime a bit over-the-top, even for me, but not here.

This golf course development is in the trap.

So much for that title search thingee.

Homeowners in Statesville’s Fox Den subdivision say they were stunned last year to learn their properties faced foreclosure over money the community’s developer borrowed a decade ago.

Attorneys say it appears the loan, which is still tied to the homeowners’ properties, was not discovered during title searches when the homes were bought. About 16 homeowners and additional land in Fox Den are affected by the foreclosure, according to attorneys.

Afterthought:

The more news I read, the more I wonder whether some “real estate developers” are just one three-piece suit away from duping rubes at a carny.

Another bank bites the dust, because, natch, bankers are financial geniuses. If they weren’t, they wouldn’t be bankers, now would they?

Slavie Federal Savings Bank, Bel Air, Maryland

My father was a banker, one of integrity. Were he alive today, he would be ashamed to admit his profession.

Via Bob Cesca’s Awesome Blog.