A fun story I ran across today that I thought was worth sharing during these rough economic times.
A Georgia judge recently let U.S. Bank know what he thought about bailed out banks who refuse to work with strapped homeowners when he issued a scathing five page order on a Motion to Dismiss filed by the bank in a case there. According to the facts of the case, the homeowner, who was facing foreclosure, was denied modification of his home loan and was given no reason or figures on which U.S. Bank based their denial. In his order, Judge Dennis Blackmon states, “Sometimes only the courts of law stand to protect the taxpayer. Somewhere, someone has to stand up. Well, sometimes is now, and the place is the Great State of Georgia. The defendant’s motion to dismiss is hereby denied.”
He describes U.S. Bank as among the “poorly run organizations” that recently received massive taxpayer bailouts.