Detail, east Portland photo, courtesy Miles Hochstein / Portland Ground.



For old times' sake
The bojack bumper sticker -- only $1.50!

To order, click here.







Excellent tunes -- free! And on your browser right now. Just click on Radio Bojack!






E-mail us here.

About

This page contains a single entry from the blog posted on November 15, 2011 6:42 AM. The previous post in this blog was Cain on Libya: "I never laid a hand on her". The next post in this blog is Portland school boundary changes, version 18.12. Many more can be found on the main index page or by looking through the archives.

Archives

Links

Law and Taxation
How Appealing
TaxProf Blog
Mauled Again
Tax Appellate Blog
A Taxing Matter
TaxVox
Tax.com
Josh Marquis
Native America, Discovered and Conquered
The Yin Blog
Ernie the Attorney
Conglomerate
Above the Law
The Volokh Conspiracy
Going Concern
Bag and Baggage
Wealth Strategies Journal
Jim Hamilton's World of Securities Regulation
myCorporateResource.com
World of Work
The Faculty Lounge
Lowering the Bar
OrCon Law

Hap'nin' Guys
Tony Pierce
Parkway Rest Stop
Utterly Boring.com
Along the Gradyent
Dwight Jaynes
Bob Borden
Dingleberry Gazette
The Red Electric
Iced Borscht
Jeremy Blachman
Dean's Rhetorical Flourish
Straight White Guy
HinesSight
Onfocus
Jalpuna
Beerdrinker.org
As Time Goes By
Dave Wagner
Jeff Selis
Alas, a Blog
Scott Hendison
Sansego
The View Through the Windshield
Appliance Blog
The Bleat

Hap'nin' Gals
My Whim is Law
Lelo in Nopo
Attorney at Large
Linda Kruschke
The Non-Consumer Advocate
10 Steps to Finding Your Happy Place
A Pig of Success
Attorney at Large
Margaret and Helen
Kimberlee Jaynes
Cornelia Seigneur
Mireio
And Sew It Goes
Mile 73
Rainy Day Thoughts
That Black Girl
Posie Gets Cozy
{AE}
Cat Eyes
Rhi in Pink
Althouse
GirlHacker
Ragwaters, Bitters, and Blue Ruin
Frytopia
Rose City Journal
Type Like the Wind

Portland and Oregon
Isaac Laquedem
StumptownBlogger
Rantings of a [Censored] Bus Driver
Jeff Mapes
Vintage Portland
The Portlander
South Waterfront
Amanda Fritz
O City Hall Reporters
Guilty Carnivore
Old Town by Larry Norton
The Alaunt
Bend Blogs
Lost Oregon
Cafe Unknown
Tin Zeroes
David's Oregon Picayune
Mark Nelsen's Weather Blog
Travel Oregon Blog
Portland Daily Photo
Portland Building Ads
Portland Food and Drink.com
Dave Knows Portland
Idaho's Portugal
Alameda Old House History
MLK in Motion
LoveSalem

Retired from Blogging
Various Observations...
The Daily E-Mail
Saving James
Portland Freelancer
Furious Nads (b!X)
Izzle Pfaff
The Grich
Kevin Allman
AboutItAll - Oregon
Lost in the Details
Worldwide Pablo
Tales from the Stump
Whitman Boys
Misterblue
Two Pennies
This Stony Planet
1221 SW 4th
Twisty
I am a Fish
Here Today
What If...?
Superinky Fixations
Pinktalk
Mellow-Drama
The Rural Bus Route
Another Blogger
Mikeyman's Computer Treehouse
Rosenblog
Portland Housing Blog

Wonderfully Wacky
Dave Barry
Borowitz Report
Blort
Stuff White People Like
Worst of the Web

Valuable Time-Wasters
My Gallery of Jacks
Litterbox, On the Prowl
Litterbox, Bag of Bones
Litterbox, Scratch
Maukie
Ride That Donkey
Singin' Horses
Rally Monkey
Simon Swears
Strong Bad's E-mail

Oregon News
KGW-TV
The Oregonian
Portland Tribune
KOIN
Willamette Week
KATU
The Sentinel
Southeast Examiner
Northwest Examiner
Sellwood Bee
Mid-County Memo
Vancouver Voice
Eugene Register-Guard
OPB
Topix.net - Portland
Salem Statesman-Journal
Oregon Capitol News
Portland Business Journal
Daily Journal of Commerce
Oregon Business
KPTV
Portland Info Net
McMinnville News Register
Lake Oswego Review
The Daily Astorian
Bend Bulletin
Corvallis Gazette-Times
Roseburg News-Review
Medford Mail-Tribune
Ashland Daily Tidings
Newport News-Times
Albany Democrat-Herald
The Eugene Weekly
Portland IndyMedia
The Columbian

Music-Related
The Beatles
Bruce Springsteen
Seal
Sting
Joni Mitchell
Ella Fitzgerald
Steve Earle
Joe Ely
Stevie Wonder
Lou Rawls

E-mail, Feeds, 'n' Stuff

Tuesday, November 15, 2011

Take that, Jamie Dimon!

The last time we left the United States was 11½ years ago. The Mrs. and we visited Spain and Portugal -- our only trip to Europe. We loved every minute. It was on a sunny afternoon in Lisbon that we stood at a phone kiosk outside some ruins (which ironically were closed for repair) and heard from a nurse in Portland the gender of our first child, then in utero. Ah, the memories. One of these days we'll have to take up a collection from blog readers to finance a return to those Iberian climes; we'll need four tickets this time.

Anyway, while we were there, naturally we used a credit card, and a few years later, we were notified that we were part of class action lawsuit by bank customers who were suing the bank for antitrust violations relating to the fees that we were charged for foreign currency translation. We were asked to, and as we dimly recall we did, submit a statement of how much we had spent overseas, and we were told that some day we might get reimbursed some of what the bank took us for in fees.

Yeah, right.

We forgot all about the class action until the other day, when we received a check for $18.04. That ain't hay, people -- we promptly took it down to the credit union and deposited it.

It feels so good to have taken the big banks for such a ride. Somewhere today there's a bank CEO who's feeling the pain of his wrongdoing. Between me and the other class action plaintiffs, he may have to start buying the $520 bottles of wine instead of the $525 bottles. Score one for the 99%!

Comments (13)

Yeah, we got one too. I have no idea why, although we did travel to Mexico a couple of times 8-12 years ago. I don't recall submitting a statement of overseas spending, other than the customs form you have to fill out on the plane trip back. But every little bit of cash helps!

I got $18.04 too.

The attorneys on the class action suit probably got $18,400,000...

So the class action attorneys can upgrade to $500 bottles of wine?

A number of class actions suit letters have come across my desk. I usually follow the instructions thinking they are really lottery tickets and almost no chance of getting even a couple dollars. This is the first instance of a class action actually returning money to anyone.

Jack you must go abroad again, with the girls, and soon. And don't stop with Spain. For real experience and understanding you can fly onward and spend a week or two in Turkey, Jordan or Egypt. Check out the library in Alexandria. Visit with some Turkish or Jordanian lawyers and maybe write off part of the trip.

The wife and I have traveled abroad 20+ times in the last decade. I guess it's a one size fits all situation as we got a couple of the $18.04 checks. Oh well, good to hear that it's genuine.

Reading the small print it looks like the lawyers got a mere $13.875 million

While I didn't get the $18.04 check (my overseas travel was about 20 years ago, except for Canada, eh), I did get a letter recently from Chase letting me know I wasn't on any of their junk mail lists, and what would I like to sign up for. (I have a WM home loan that Chase "acquired" and I didn't move it to my credit union because it's close to being paid off.) I sent the form letter back with words to the effect that one of the best days of my life will be when I no longer have any contact with the blood-sucking greedy criminals of Chase who destroyed banks and the economy. I concluded my comments with "Jamie Dimon should be in prison." Maybe some telemarketer will get a good chuckle.

Re: "Somewhere today there's a bank CEO who's feeling the pain of his wrongdoing."

Highly unlikely: it's just a cost of doing business, which -- at JPM's too-big-to-fail level -- is increasingly thievery. Consider JPM's involvement with the bankruptcy of MF Global:

"A group representing former customers of MF Global Holdings Ltd. (MFGLQ) on Monday charged that J.P. Morgan Chase & Co. (JPM) is trying to unfairly claim their assets in a court tussle over the remains of the bankrupt broker-dealer."
http://www.advfn.com/news_MF-Global-Clients-Accuse-JP-Morgan-Of-Overreaching-In-Bankruptcy_49937969.html

Just another cost of doing business at JPM:

"A U.S. regulator ordered JPMorgan Chase & Co to pay $3.62 million in fines and reimbursement for recommending investments linked to junk bonds to unsophisticated customers who might not have been able to take on the risks.

The Financial Industry Regulatory Authority said brokers at Chase Investment Services Corp recommended that customers with little investing experience and 'conservative' risk tolerance buy unit investment trusts (UIT) and floating-rate loan funds."
http://www.portfolio.com/business-news/reuters/2011/11/15/jpmorgan-fined-for-sale-of-risky-investments

"The penalty includes a $1.7 million fine plus $1.92 million of restitution to customers who suffered losses."

Very small potatoes. Reuters does not calculate whether the $1.92M restitution money actually covers client losses.

As usual:

"[JPM] did not immediately respond to requests for comment."

Gardiner -

MF Global is a fascinating issue.

Can anyone explain in small words why, with $ 520 million in client assets gone, Jon Corzine is not in jail right now?

Does Corzione's continuing freedom have something to do with hos having been Majority Whip when he was a Senator from New Jersey? Or something to do with his having previously headed up Goldman Sachs? Or something to do with his having been governor of New Jersey? Or something to do with hios being a guest of the Obama's at the White House after MG collapsed?

I'm genuinely confused and really would like an explanation as to why Corzine is not in jail.

Bring up class action lawsuits and you immediately get someone digging at the attorneys who profit from them. The fact that a small set of attorneys rake in the dough for their work has no bearing on the positive or negative role class action suits play in society. The purpose of a class action suit is not to reimburse. Rather they are punitive. They seek to alter behavior.
The reimbursement of attorneys is another, separate matter. One that needs to be addressed as part of the discussion of the fundamental problems with our legal system.
Just my two cents about how the two issues can get tangled.

Our $18.04 just arrived today! The family went to Italy 11 1/2 years ago.

Speaking of class action suits, Netflix (NFLX) customers are members of an aggrieved class in an action against collusion between NFLX and WalMart (WMT):

"There is a lawsuit against Wal-Mart Stores Inc. and Walmart.com USA LLC (together called 'Wal-Mart') and Netflix, Inc. ('Netflix') involving the price of online DVD rentals. The Class Action seeks money for current and former Netflix online subscribers. A Settlement has been reached with Wal-Mart. Wal-Mart and Netflix believe that the lawsuit has no basis. Netflix has not settled the lawsuit and the litigation continues against it.

Your legal rights are affected whether you act or don’t act. This website includes information on the Settlement and the continuing litigation with Netflix. Please read the entire Notice carefully."
https://onlinedvdclass.com/

NFLX, the stock price of which has already, during the past two months, descended from nearly $300 to below $100, might -- unlike JPM -- find a settlement payout stressful upon its cash flow.

Jack, I sure hope your check clears before the Occupiers close down the bank it was issued on (The Huntington National Bank, wherever that is).

I may have procrastinated too long already. By the time I deposit my check I'm sure it will bounce. That $18.04 would have come in handy, but I guess I can frame it as a nostalgic reminder of the days when banks were banks and paper was accepted as money.


Sponsors


As a lawyer/blogger, I get
to be a member of:

In Vino Veritas

Louis Jadot, Pouilly-Fuissé 2011
Trader Joe's, Grower's Reserve Pinot Noir 2012
Zenato, Lugana San Benedetto 2012
Vintjs, Cabernet 2010
14 Hands, Hot to Trot White 2012
Rainstorm, Oregon Pinot Gris 2012
Silver Palm, North Coast Cabernet 2011
Andrew Rich, Gewurtztraminer 2008
Rodney Strong, Charlotte's Home Sauvignon Blanc 2012
Canoe Ridge, Pinot Gris, Expedition 2012
Edmunds St. John, Bone-Jolly Gamay Noir Rose 2012
Dark Horse, Big Red Blend No. 01A
Elk Cove, Pinot Noir Rose 2012
Fletcher, Shiraz 2010
Picollo, Gavi 2011
Domaine Eugene Carrel, Jongieux 2012
Eyrie, Pinot Blanc 2010
Atticus, Pinot Noir 2010
Walter Scott, Pinot Noir, Holstein 2011
Shingleback, Cabernet, Davey Estate 2010
Coppola, Sofia Rose 2012
Joel Gott, 851 Cabernet 2010
Pol Roget Reserve Sparkling Wine
Mount Eden Chardonnay, Santa Cruz Mountains 2009
Rombauer Chardonnay, Napa Valley 2011
Beringer, Chardonnay, Napa Reserve 2011
Kim Crawford, Sauvignon Blanc 2011
Schloss Vollrads, Spaetlese Rheingau 2010
Belle Glos, Pinot Noir, Clark & Telephone 2010
WillaKenzie, Pinot Noir, Estate Cuvee 2010
Blackbird Vineyards, Arise, Red 2010
Chauteau de Beaucastel, Chateauneuf-du-Pape 2005
Northstar, Merlot 2008
Feather, Cabernet 2007
Silver Oak, Cabernet, Alexander Valley 2002
Silver Oak, Cabernet, Napa Valley 2002
Trader Joe's, Chardonnay, Grower's Reserve 2012
Silver Palm, Cabernet, North Coast 2010
Shingleback, Cabernet, Davey Estate 2010
E. Guigal, Cotes du Rhone 2009
Santa Margherita, Pinot Grigio 2011
Alamos, Cabernet 2011
Cousino Macul, Cabernet, Anitguas Reservas 2009
Dreaming Tree Cabernet 2010
1967, Toscana 2009
Charamba, Douro 2008
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Horse Heaven Hills, Cabernet 2010
Lorelle, Horse Heaven Hills Pinot Grigio 2011
Avignonesi, Montepulciano 2004
Lorelle, Willamette Valley Pinot Noir 2011
Villa Antinori, Toscana 2007
Mercedes Eguren, Cabernet Sauvignon 2009
Lorelle, Columbia Valley Cabernet 2011
Purple Moon, Merlot 2011
Purple Moon, Chardonnnay 2011
Abacela, Vintner's Blend No. 12
Opula Red Blend 2010
Liberte, Pinot Noir 2010
Chateau Ste. Michelle, Indian Wells Red Blend 2010
Woodbridge, Chardonnay 2011
King Estate, Pinot Noir 2011
Famille Perrin, Cotes du Rhone Villages 2010
Columbia Crest, Les Chevaux Red 2010
14 Hands, Hot to Trot White Blend
Familia Bianchi, Malbec 2009
Terrapin Cellars, Pinot Gris 2011
Columbia Crest, Walter Clore Private Reserve 2009
Campo Viejo, Rioja, Termpranillo 2010
Ravenswood, Cabernet Sauvignon 2009
Quinta das Amoras, Vinho Tinto 2010
Waterbrook, Reserve Merlot 2009
Lorelle, Horse Heaven Hills, Pinot Grigio 2011
Tarantas, Rose
Chateau Lajarre, Bordeaux 2009
La Vielle Ferme, Rose 2011
Benvolio, Pinot Grigio 2011
Nobilo Icon, Pinot Noir 2009
Lello, Douro Tinto 2009
Quinson Fils, Cotes de Provence Rose 2011
Anindor, Pinot Gris 2010
Buenas Ondas, Syrah Rose 2010
Les Fiefs d'Anglars, Malbec 2009
14 Hands, Pinot Gris 2011
Conundrum 2012
Condes de Albarei, Albariño 2011
Columbia Crest, Walter Clore Private Reserve 2007
Penelope Sanchez, Garnacha Syrah 2010
Canoe Ridge, Merlot 2007
Atalaya do Mar, Godello 2010
Vega Montan, Mencia
Benvolio, Pinot Grigio
Nobilo Icon, Pinot Noir, Marlborough 2009

The Occasional Book

Maria Dermoȗt - The Ten Thousand Things
William Faulkner - As I Lay Dying
Markus Zusak - The Book Thief
Christopher Buckley - Thank You for Smoking
William Shakespeare - Othello
Joseph Conrad - Heart of Darkness
Bill Bryson - A Short History of Nearly Everything
Cheryl Strayed - Tiny Beautiful Things
Sara Varon - Bake Sale
Stephen King - 11/22/63
Paul Goldstein - Errors and Omissions
Mark Twain - A Connecticut Yankee in King Arthur's Court
Steve Martin - Born Standing Up: A Comic's Life
Beverly Cleary - A Girl from Yamhill, a Memoir
Kent Haruf - Plainsong
Hope Larson - A Wrinkle in Time, the Graphic Novel
Rudyard Kipling - Kim
Peter Ames Carlin - Bruce
Fran Cannon Slayton - When the Whistle Blows
Neil Young - Waging Heavy Peace
Mark Bego - Aretha Franklin, the Queen of Soul (2012 ed.)
Jenny Lawson - Let's Pretend This Never Happened
J.D. Salinger - Franny and Zooey
Charles Dickens - A Christmas Carol
Timothy Egan - The Big Burn
Deborah Eisenberg - Transactions in a Foreign Currency
Kurt Vonnegut Jr. - Slaughterhouse Five
Kathryn Lance - Pandora's Genes
Cheryl Strayed - Wild
Fyodor Dostoyevsky - The Brothers Karamazov
Jack London - The House of Pride, and Other Tales of Hawaii
Jack Walker - The Extraordinary Rendition of Vincent Dellamaria
Colum McCann - Let the Great World Spin
Niccolò Machiavelli - The Prince
Harper Lee - To Kill a Mockingbird
Emma McLaughlin & Nicola Kraus - The Nanny Diaries
Brian Selznick - The Invention of Hugo Cabret
Sharon Creech - Walk Two Moons
Keith Richards - Life
F. Sionil Jose - Dusk
Natalie Babbitt - Tuck Everlasting
Justin Halpern - S#*t My Dad Says
Mark Herrmann - The Curmudgeon's Guide to Practicing Law
Barry Glassner - The Gospel of Food
Phil Stanford - The Peyton-Allan Files
Jesse Katz - The Opposite Field
Evelyn Waugh - Brideshead Revisited
J.K. Rowling - Harry Potter and the Sorcerer's Stone
David Sedaris - Holidays on Ice
Donald Miller - A Million Miles in a Thousand Years
Mitch Albom - Have a Little Faith
C.S. Lewis - The Magician's Nephew
F. Scott Fitzgerald - The Great Gatsby
William Shakespeare - A Midsummer Night's Dream
Ivan Doig - Bucking the Sun
Penda Diakité - I Lost My Tooth in Africa
Grace Lin - The Year of the Rat
Oscar Hijuelos - Mr. Ives' Christmas
Madeline L'Engle - A Wrinkle in Time
Steven Hart - The Last Three Miles
David Sedaris - Me Talk Pretty One Day
Karen Armstrong - The Spiral Staircase
Charles Larson - The Portland Murders
Adrian Wojnarowski - The Miracle of St. Anthony
William H. Colby - Long Goodbye
Steven D. Stark - Meet the Beatles
Phil Stanford - Portland Confidential
Rick Moody - Garden State
Jonathan Schwartz - All in Good Time
David Sedaris - Dress Your Family in Corduroy and Denim
Anthony Holden - Big Deal
Robert J. Spitzer - The Spirit of Leadership
James McManus - Positively Fifth Street
Jeff Noon - Vurt

Road Work

Miles run year to date: 111
At this date last year: 21
Total run in 2013: 257
In 2012: 129
In 2011: 113
In 2010: 125
In 2009: 67
In 2008: 28
In 2007: 113
In 2006: 100
In 2005: 149
In 2004: 204
In 2003: 269


Clicky Web Analytics