Predatory lending litigation

Posted on September 13, 2007 by Blake Bailey

Common Cause has just issued an intriguing report suggesting a link between the severe problems in the subprime lending market and political contributions made by the lending industry to lawmakers. The following is an excerpt from the report's executive summary:

While investing nearly $210 million on Washington lobbying and campaign contributions, the mortgage lending industry for seven years successfully blocked Congress from taking action to restrict lending abuses that saddled economically vulnerable families with home mortgages they could not afford. In 2006 alone, foreclosure filings across the country were up 42 percent compared to 2005—a total of 1.2 million homes in jeopardy, or one in every 92 homes. And foreclosures continue to mount in 2007, with March foreclosure filings up 47 percent compared to the year before.

http://www.bailey-law.com/lawyer-attorney-1215840.html

 

It is time for plaintiff's trial lawyers who represent injured people because of unreasonably dangerous products and negligence to take up the banner for those victims of a more insidious evil that cuts to the core of family values and integrity of the working man and woman.
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Lawyer's role in product safety

Posted on July 11, 2007 by Blake Bailey
Los Angeles-based consumer attorney, William A. "Bill" Daniels hosts http://billdanielsblog.typepad.com/my_weblog/2007/07/so-great-to-see.html and quotes an interesting article that points out the obvious. Who do we have to safeguard our rights against unreasonable dangerous products? Government bureaucrats? Ultimately, we must rely upon the free enterprise system supported by our open courts. As long as manufacturers and promoters of products for us and our families know that plaintiffs’ attorneys are willing to aggressively put their representations of safety to the test, we will have a chance for reasonable product safety research and development. The following is an excerpt from the article on Daniel’s site. I recommend that you click on his blog to read the rest.

By Jeffrey Pfeffer, Business 2.0 Magazine columnist
July 9 2007: 6:21 AM EDT
(Business 2.0 Magazine) -- Decades after Tylenol bottles were tampered with and Ford Pintos exploded, you'd think that product-safety panics would be nearing extinction.
No such luck. Consider just the past few months: Pet food laced with poison killed more than a dozen dogs and cats. Toothpaste shipped from China to Latin America turned out to be tainted with a potentially fatal thickening agent. And the FDA issued yet another recall for defective defibrillators, bringing the total number of heart devices that need to be replaced to nearly 200,000.
Check out http://www.bailey-law.com/lawyer-attorney-1215486.html to learn more about the trial lawyer practice of products liability.
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