- “Mark Lanier, Marie Gryphon and Ted Frank debate if a free market can protect consumers as well as lawyers.” [John Stossel’s Fox Business show last week; Point of Law (Lanier has kind words for loser pays); Bob Dorigo Jones]
- Corner-cutting document prep proves costly to mortgage lenders at foreclosure time [NYTimes; related, Felix Salmon and more] Connecticut AG Blumenthal orders 60-day halt to all foreclosures, whether or not paperwork-impaired, conveniently carrying him through Election Day [WaPo]
- High court grants cert on a bunch of business cases [Beck, WLF, WSJ Law Blog, Fisher, PoL on Scalia stay in tobacco class action]
- The myth of the sabotaged streetcar system [Market Urbanism]
- Another big Title IX casualty: Cal Berkeley kills varsity rugby [Saving Sports and various followups; gymnastics; related on Boston Globe coverage]
- “N.J. Bill Proposes Use of Screening Panels to Thwart Frivolous Suits Against Public Entities” [NJLJ]
- Cop informs on cop’s misbehavior, what happens next isn’t pretty [Greenfield; Kansas City, Kansas]
- There’s money in glass-eating, son [three years ago on Overlawyered]
Filed under: John Stossel, loser pays, Mark Lanier, mortgages, on TV and radio, police, Ted Frank, Title IX
3 Comments
Buy what authority in law does Blumenthal claim the right to halt all foreclosures in Connecticut? Where in the terms of the contract / mortgage / deed of trust is this power vested in him? By what law passed when?
Not only will I never buy a bond from a company with a large, politically powerful union workforce (ref how the bondholders at GM were screwed), I will never now lend on real estate in Connecticut, nor should anyone with 4 or more working brain cells.
Not to mention the fact that he’s slowing down the needed clearing out of the bad debt in the local market. Way to drag out the pain Blumenthal, you fool.
I’m the author of the streetcar article – thanks for posting it! But I wouldn’t say that it’s a myth that the systems were sabotaged; it’s just that the saboteurs were Progressives and New Dealers, not auto companies.
This is outrageous. By stopping foreclosures, they’re keeping homes at more affordable prices off the market. Honest people who chose not to borrow more money than they could afford are being punished.
Will these people be taxed on the impute income of the rent while they’re living in their free houses?
As a Business Owner (S-Corp) I have to spend hours each day calculating my tax liability for all sorts of income. At the same time, our government throws hundreds of billions of dollars in handouts–including foreclosure delays–to the middle class and makes the 5% of Americans who are productive pay for it.