- Steve Tytler's latest yearly prediction for the local real estate market: http://is.gd/4QwIN #
- Speaking of troubled local banks, the FDIC has given Evergreen Bank a one month deadline: http://is.gd/4SFzG #
- The Mastro looks like it's getting nasty… http://is.gd/4SFED #
- Seattle's Ben Huh was on Nightline last night, talking up recently-acquired Real Estate site Lovely Listing http://is.gd/4SIWs #
- Redfin raises another $10 million in capital http://is.gd/4TIaL #
- P.S. – I'm in NYC through Monday, so tweeting will be light. Blog posts will continue on a normal schedule. #
- http://twitpic.com/pf1mp – The Tim visits the National Debt Clock in NYC. $11,972,710,892,084 and counting! http://www.usdebtclock.org/ #
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The stories on the Mastro suit are next to worthless because they’re merely reporting on allegations in the complaint and answer. The bankruptcy court uses a modified version of the federal rules and the federal rules use notice pleading. That basically means that both sides tend to through the kitchen sink at one another (putting each on notice of any claim or defense they might use), limited only by what might be frivolous. They can even be internally conflicting, such as “I didn’t do it!” and “I did it, but Joe is at fault.” Writing news stories on it is about as close to pointless as you can get, especially when it comes to answers. Answers almost never admit liability.
Just as an example, if I happened to have reason to sue the Pope, I’d also name Jane Doe Pope (I know–not his real last name) as his wife and claim any liability was both community and separate. That’s the way it works.
Regarding the National Debt Clock Article
Another SB blogger already mentioned it, but Obama has announced yesterday that he is now going to cut domestic spending by about 5% for the 2010 budget….LOL….does that mean Obamacare is down the toilet?
I think health care died when it got tied up in the abortion debate. That actually delayed the enactment of the new bankruptcy act by 3-4 years, for no reason whatsoever. But I think that’s going to make it much harder to get through the Senate, and if it does, reconciling is going to be a bear if not impossible.
Fine, no abortion in the Health Care Reform Act, what does that have to do with Bankruptcy Legislation?
Hi Kary,
In brief, preemptive strike or unnecessary war involving billions of bucks and unspeakable human cost, have a way of terminating domestic benefit. Many things became impozzible to attain and despite endless econ.fuzz and self-indulgent (call yo’self educated) prattle, guns or butter are x and y… this is 101.
Civilized goal of health care for citizenry is quite naturally impozzible.
Many things are now quite naturally out of reach.
A stupid legacy is somewhat assured.
War is failure.
RE: David Losh @ 4 – Well first, the problem is that some congresspeople will not vote for the legislation if there is no abortion language, and some won’t vote for it if there is. Since it’s just squeaking through, that’s problematic.
In the bankruptcy legislation the dispute arose over language that would made damages caused by abortion protesters non-dischargeable (they’d still owe the money). The thing was, any such damages would almost certainly be the result of an intentional act, and thus would have already been non-dischargeable. But somehow, that held it up. Since most of the legislation was bank sponsored BS I didn’t really care that it held up the changes. But if it hadn’t held it up maybe I would have become an agent three to four years earlier, or maybe not at all.
Ahhhhh. Steve Tytler………..I love his Monday Morning quarterback predictions. You get the tone from him that he has been Seattle Bubblized. I do. Hows his broker friend doing in AZ?
GO Red Fin Go! Your little brother is pulling for you! Go go go!