[Quote:]

Four Archbishops, including Cardinal Desmond Connell, will be named over their mishandling of hundreds of allegations, including not reporting crimes to the police.

The senior clerics’ motive was to protect the church above defenceless children, the report will find.

The Dublin Archdiocese Commission is the third inquiry in the last four years to rock the Catholic Church in Ireland following independent investigations into abusive priests.

The pattern of senior clerics moving abusers from parish to parish rather than dealing with the problem will also be addressed.

The 700-page report includes 45 potted histories of a sample of priests from 1975 to 2004 who were investigated by the Commission.

It is understood only ten priests will be named, as they are either dead or in jail, with the rest given aliases.

So a report by the Catholic Church that says that abuse was covered up, is actually itself covering up all the abuses but ten.

Why am I not surprised?

[Quote:]

Yano-Horoski, appearing pro se, requested a conference in February to seek a deal with IndyMac Bank on the $292,500 mortgage she took out in August 2004 on her East Patchogue home.

Following a series of hearings attempting “to obtain meaningful cooperation” from the bank, Spinner ordered that a bank representative attend a conference in September.

Karen Dickinson, regional loss mitigation manager for IndyMac, appeared and “made it abundantly clear that no form of mediation, resolution or settlement would be acceptable” to the bank, Justice Spinner wrote.

Notably, the judge wrote, the bank asserted that the borrower had previously defaulted on a forbearance agreement when in fact the agreement had not even been sent out until after it was due.

“Defendant, through Plaintiff’s duplicity, found herself to be in unique and uncomfortable position of being placed in default of the ‘agreement’ even before she had received it,” Spinner wrote.

The bank also rejected an offer Yano-Horoski’s daughter to buy the house at fair market value.

“It was evident from Ms. Dickinson’s opprobrious demeanor and condescending attitude that no proffer by Defendant (short of consent to foreclosure and ejectment of Defendant and her family) would be acceptable to Plaintiff,” the judge wrote, adding that even a “desperate” offer of a deed in lieu of foreclosure was “met with bland equivocation.”

Spinner ordered another hearing last week at which discrepancies surfaced about how much was actually owed.

The bank claimed a balance of $527,437 was due, but Yano-Horoski gave a much lower figure –according to two bank letters, she owed around $285,000 as of August 2009.

Spinner pointed out that a prior affidavit by a bank representative, “presumably one with knowledge of the account,” tabbed the principal balance at $290,687.

The large disparity, coupled with Dickinson’s conduct, swung “the pendulum of credibility” heavily to the homeowner, the court held.

[..]

The judge concluded that the banks’ conduct was “wholly unsupportable at law or in equity, greatly egregious and so completely devoid of good faith that equity cannot be permitted to intervene on its behalf.”

But he went further than rejecting the foreclosure.

If the case was simply dismissed, he wrote, the court “cannot be assured that Plaintiff will not repeat this course of conduct.”

Also Spinner said that monetary sanctions were “not likely to have a salubrious or remedial effect” and, in any case, would not benefit the homeowner.

Imposing sanctions would bring little benefit to the homeowner, the judge wrote, leaving the “appropriate equitable disposition” of canceling the debt and discharging the mortgage.

Thus, he concluded that the original principal amount of $292,500 “should be cancelled, voided and set aside,” the mortgage be discharged and the bank barred from any attempt to collect on the note.

[Quote:]

American International Group Inc. employees unwinding the insurer’s derivatives may leave in March if they don’t get their promised retention bonuses, said a lawyer representing some of the workers.

Staff in the Financial Products unit may depart if the company, under pressure from regulators, doesn’t pay the $198 million it previously committed, Andrew Goodstadt, a partner at Thompson Wigdor & Gilly LLP, said today in an interview. There will also be “instant litigation” against New York-based AIG if the awards aren’t sent, he said.

Yeah, sure, there are still good smart people working at AIG, and those may deserve a bonus if they perform well. Are these guys part of that group?

Financial Products, the unit blamed for pushing the company to the brink of collapse with bets on subprime home loans. Remaining employees are now working to reduce the number of derivative trades as AIG sells assets to repay loans included in its $182.3 billion bailout.

So, these are the guys mopping up their own mistakes, and they want a bonus for cleaning up their own garbage.

I’d say let them resign. Fuck ‘m. I’m sure there are some burgers that need flipping.

And how’s the rest of AIG doing? Well….

[Quote:]

Middlesboro and Clinton are two tiny, impoverished towns in southern Kentucky with a combined population of 12,000. In 2008, Middlesboro’s per capita income was $13,189 a year, only a few hundred dollars more than the average worker earned in third-world Mexico. That is if they were lucky to even get a job. Real unemployment hovers somewhere around 30%, and the state is so broke that half the people eligible for unemployment benefits can’t receive them. Life may be tough and most people live in poverty, but that doesn’t mean they can’t be made a little poorer. That’s the lesson locals learned after bailed-out insurance villain AIG took over their water utility and instantly raised rates to squeeze an extra $1 million in profits out of its new customers, forcing some to consider choosing between running water and food.

[..]

Residents had been getting their water bills like clockwork for as long as anyone could remember, but confusion and disorder set in as soon as Utilities rolled out its new and improved billing system. Monthly statements started coming late or didn’t come in for months at a time. People were double-billed and double-penalized for bills that never arrived. One month, a bill would include sewer fees, the next month it wouldn’t—and you’d be charged if didn’t catch the omission. It’s obvious the new invoice system was designed for pure harassment, creating chaos and reaping the rewards of the late fees it generated.