Only you're completely and utterly wrong: (1) the majority of subprime loans didn't originate with lenders subject to the CRA; (2) commercial loans, which are not governed by the CRA, are facing the same problem; and (3) neither the CRA nor 12 USC 1818(i)(2) proscribe the civil penalties you mention; the CRA simply establishes that the government will prepare reports detailing how well the bank serves the community, and 1818(i)(2) simply prescribes penalties for actual violations of rules relating to the FDIC.
Seriously, who uses an inefficient cruddy program like Limewire when you've got bit torrent?
Or itunes, or Amazon's MP3 store. Oops, wait, I forgot I shouldn't admit I actually feel a moral obligation to actually pay for the music I buy on slashdot.
You get your notice, you don't pay or take the car away, we go to court. You don't show to oppose the lien, I get title. How hard is that to understand? Oh, right - you don't want to admit that your prior post:
You are completely missing the point, you really don't know what you're talking about; as I've mentioned several times, generally the title ISN'T TRANSFERRED. You simply get a security interest in the car, and under certain circumstances the right to force a sale, the proceeds of which will go towards discharging the debt you hold.
The only poster who actually show evidence to the contrary was one who cited a single law in a single state that actually allows the lienholder to get the car.
In some jurisdictions, we have to go through the formality of a public auction, which is basically posting as small a notice as possible giving the time and date of the auction (make it an inconvenient time, date, and place), nobody showing up, and then getting the title transferred by the clerk.
Generally in the jurisdictions I am familiar with, the clerk carries out the auction, and there are plenty of people present. The title isn't transferred because of the lien, it's transferred because the person holding the lien is essentially buying the property. If the sale price is higher than the amount which is liened the person who held title gets the overage, possibly minus administrative fees.
You do not understand the basic principles behind what a lien truly is.
I remember reading an article quoting scientists who state that this does in fact happen, and marine organisms in areas where it does occasionally happen have evolved ways to metabolize the oil. I think the question becomes, does it ever, absent manmade drilling, release that quantity of oil into the water all at once? I'd guess no.
I would not be surprised if that "impossibly thick southern drawl" was coming from a Bangalore-based operator poorly trained in mimicking American accents.
Only the yahoo answer is wrong; if you look at the second link, the seller can only recoup certain expenses incurred, and doesn't get either the title or the full value of the car.
That's not what the OP was describing though. A lien does not give anyone full right to a piece of property, but rather allows them to prevent the transfer of that property to someone else. Even if you were legally able in that jurisdiction to tow the car and then place a lien on the car for the towing charge, that is not going to get you the title to the car.
No, but park it in my parking space, don't remove it after I have you served with a notice to either do so or that I will go to court and get title of it, and guess what - I *can* go to court and get title transferred.
Uhhhh...what?? What law is this? IAAL and I've never heard of this legal maneuver.
Well, I for one like this new egalitarian Slashdot that will publish any random moonbat's frothy diatribe purely in order to troll us into dissecting it.
Wow, all that tells me is open source hardware is a TERRIBLE business model if that's all they're collectively making in revenue. Is that the point of the presentation?
Slashdot Mirror
And, after a little bit more research I note that the justice department came to the same conclusion I did after reading the text of the statute:
Here. They should give me a job.
Only you're completely and utterly wrong: (1) the majority of subprime loans didn't originate with lenders subject to the CRA; (2) commercial loans, which are not governed by the CRA, are facing the same problem; and (3) neither the CRA nor 12 USC 1818(i)(2) proscribe the civil penalties you mention; the CRA simply establishes that the government will prepare reports detailing how well the bank serves the community, and 1818(i)(2) simply prescribes penalties for actual violations of rules relating to the FDIC.
By forcing banks and lenders to loan money to people without the ability to pay it back or face stiff penalties.
Libertarian urban myth. Banks and lenders were not forced and there were no "stiff penalties."
Yeah! Because Detroit is kicking some serious ass right now.
Detroit's a state now?
Ehh, I really don't think it's bad. I don't use it because I don't like the interface, but when I did use it I never had any of these issues with it.
You should move. And why is itunes one of the "less clever" things you could do?
Seriously, who uses an inefficient cruddy program like Limewire when you've got bit torrent?
Or itunes, or Amazon's MP3 store. Oops, wait, I forgot I shouldn't admit I actually feel a moral obligation to actually pay for the music I buy on slashdot.
You get your notice, you don't pay or take the car away, we go to court. You don't show to oppose the lien, I get title. How hard is that to understand? Oh, right - you don't want to admit that your prior post:
You are completely missing the point, you really don't know what you're talking about; as I've mentioned several times, generally the title ISN'T TRANSFERRED. You simply get a security interest in the car, and under certain circumstances the right to force a sale, the proceeds of which will go towards discharging the debt you hold.
The only poster who actually show evidence to the contrary was one who cited a single law in a single state that actually allows the lienholder to get the car.
In some jurisdictions, we have to go through the formality of a public auction, which is basically posting as small a notice as possible giving the time and date of the auction (make it an inconvenient time, date, and place), nobody showing up, and then getting the title transferred by the clerk.
Generally in the jurisdictions I am familiar with, the clerk carries out the auction, and there are plenty of people present. The title isn't transferred because of the lien, it's transferred because the person holding the lien is essentially buying the property. If the sale price is higher than the amount which is liened the person who held title gets the overage, possibly minus administrative fees.
You do not understand the basic principles behind what a lien truly is.
I remember reading an article quoting scientists who state that this does in fact happen, and marine organisms in areas where it does occasionally happen have evolved ways to metabolize the oil. I think the question becomes, does it ever, absent manmade drilling, release that quantity of oil into the water all at once? I'd guess no.
Hell, it's slashdot, if he READ the article that should give him an automatic +5.
Eh, upside is if Microsoft won it would really annoy the linux fanboys, the other leg of the obnoxious fanboy triumvirate.
Two companies that unconscionably lock down their platforms and have amazingly obnoxious fanboy supporters. Is there a way they can both lose?
First line of security: not doing anything that would get someone so murderously angry at you that they'd CUT YOUR BRAKES.
It's no bigger than a womp rat.
I would not be surprised if that "impossibly thick southern drawl" was coming from a Bangalore-based operator poorly trained in mimicking American accents.
C is historic, and not something I think anyone should want to ever use (why use an abacus when you have a calculator).
So you're advocating they completely cease work on the Linux kernel? Or port the entire codebase over to another language? Isn't that a lot of work?
Only the yahoo answer is wrong; if you look at the second link, the seller can only recoup certain expenses incurred, and doesn't get either the title or the full value of the car.
I'm lost. Google has already done this for years. Don't they mean they're just expanding it?
Iiiinteresting...I've never run into a law that was that drastic about it. Thanks for the link. Was that a bill that was actually passed, though?
Right, exactly, there's no way you can get title transferred simply by giving "notice."
That's not what the OP was describing though. A lien does not give anyone full right to a piece of property, but rather allows them to prevent the transfer of that property to someone else. Even if you were legally able in that jurisdiction to tow the car and then place a lien on the car for the towing charge, that is not going to get you the title to the car.
No, but park it in my parking space, don't remove it after I have you served with a notice to either do so or that I will go to court and get title of it, and guess what - I *can* go to court and get title transferred.
Uhhhh...what?? What law is this? IAAL and I've never heard of this legal maneuver.
Sorry, Hollywood, but YouTube is precisely the kind of site that safe harbor exemptions are for.
I don't think Hollywood is reading this.
Well, I for one like this new egalitarian Slashdot that will publish any random moonbat's frothy diatribe purely in order to troll us into dissecting it.
New?
The thirteen add up to $50 million this year.
Wow, all that tells me is open source hardware is a TERRIBLE business model if that's all they're collectively making in revenue. Is that the point of the presentation?