Tag Archives: Loss Prevention

California

OUTRAGE: Treasury’s Shocking Admission: Struggling Homeowners Program Ploy To Enrich Banksters

ZACK CARTER, AlterNet’s economics editor, and a fellow at Campaign for America’s Future, writes for the Media Consortium and is a frequent contributor to The Nation magazine, exposes the United States Treasury Program for Struggling Homeowners Just a Ploy to Enrich Big Banks!

After working many decades in various Government programs, I did not think much of anything could surprise me. Wow…Was I ever Wrong.

Mr. Carter’s latest economic article title should have folks in Washington shaking in their boots before the “ink dries” on this bombshell. An immediate public investigation should be initiated by Congress before the end of this week. Even worst, this “bombshell” may clearly destroy hope for thousands of homeowners in the US Government program that was to help out the little guy, homeowners in financial distress due to the economy. The Title of Mr. Carter’s expose may tell you everything you need to know to get the hair on the back of your neck and blood pressure up!

Treasury Makes Shocking Admission: Program for Struggling Homeowners Just a Ploy to Enrich Big Banks

The Treasury Dept.’s mortgage relief program isn’t just failing, it’s actively funneling money from homeowners to bankers, and Treasury likes it that way.

IF THAT IS NOT BAD ENOUGH……

AGAIN, QUOTING:

The Treasury Department’s plan to help struggling homeowners has been failing miserably for months. The program is poorly designed, has been poorly implemented and only a tiny percentage of borrowers eligible for help have actually received any meaningful assistance. The initiative lowers monthly payments for borrowers, but fails to reduce their overall debt burden, often increasing that burden, funneling money to banks that borrowers could have saved by simply renting a different home. But according to recent startling admissions from top Treasury officials, the mortgage plan was actually not really about helping borrowers at all. Instead, it was simply one element of a broader effort to pump money into big banks and shield them from losses on bad loans.

That’s right: Treasury openly admitted that its only serious program purporting to help ordinary citizens was actually a cynical move to help Wall Street megabanks.

IF THIS HAS NOT GOTTEN YOUR ATTENTION YET, YOU NEED TO CHECK YOUR PULSE.

Hopefully, thanks to the work of Mr. Carter, exposure of the Treasury Department actions will quickly get the HAMP program on track to do that which it was billed to do. I think you will agree that homeowners who have been harmed by this Government program billed as THE HOMEOWNER PROGRAM to save the little guy–will be made whole. I am just not sure what that would be. Suggestions?

Two more things:

Where are the major Media Outlets on this story?

Shouldn’t this be the lead on every TV evening news?

Link to full story: http://www.alternet.org/econom…

or

http://bit.ly/db9feP

Uncategorized

More Walmart Loss Prevention Violence

Down in Texas, Walmart has been sued for, allegedly, illegally detaining a customer and causing him physical injury. Michael Anthony Harris was thrown to the ground and handcuffed by a Walmart employee after they accused him of shoplifting. They refused to let him leave, even after he gave them his bag, but instead insisted he stay until the police came. When the police did arrive, Harris’ injuries were so bad that they took him directly to a hospital.

Cross posted at the Wake-Up Wal-Mart Blog.

More below:

Of you follow this blog, you’ll know that this is certainly not the first time this has happened. Walmart, for reasons unknown, has recently become very harsh with anyone they even suspect of theft or shoplifting. There have been a few deaths from over zealous loss prevention officers, as well as several cases of serious injury from run ins with security guards.

Here’s the article from the Southeast Texas Record:


Alleged shoplifter sues Wal-Mart over forceful detention

A Port Arthur man has filed suit against Wal-Mart, claiming he was injured when store employees accused him of shoplifting and used force to detain him.

Michael Anthony Harris claims he was shopping at the Wal-Mart located at 4999 Twin City Highway in Port Arthur on March 13 and paid at a register in the back portion of the store.

Harris alleges he was leaving the store through its front entrance, when he was confronted by four Wal-Mart employees, including defendant David Treml.

The employees accused Harris of having items in his bags for which he did not pay, according to the complaint filed March 25 in Jefferson County District Court. Harris claims he immediately handed the bags to the employees.

“Plaintiff said, ‘Just take the bag and let me go,'” the suit states.

However, the employees would not let Harris leave the store until police arrived, the complaint says.

Harris alleges workers then threw him to the floor and placed him in handcuffs.

“Plaintiff’s arms were violently jerked as one of the employees secured Plaintiff with handcuffs,” the suit states. “Defendants had no legal authority or justification to detain plaintiff.”

According to the complaint, Harris asked the employees to release him from the handcuffs because of his pain, but the employees refused to do so until the police arrived several moments later.

When a police officer arrived, Harris claims the officer recognized the severity of his injury and immediately transported Harris to the hospital. Harris states he was told he had a dislocated shoulder.

Because of the incident, Harris claims he incurred medical costs and experienced physical pain and suffering, physical impairment, disfigurement, mental anguish and fear of a future disease or illness.

The plaintiff alleges Wal-Mart and Treml committed acts of negligencee, false imprisonment, intentional infliction of emotional distress, assault and vicarious liability.

Harris is seeking unspecified exemplary damages, pre-judgment interest at the maximum rate allowed by law, post-judgment interest at the legal rate, costs and other relief the court deems just.

He will be represented by Langston Scott Adams of Port Arthur.

The case has been assigned to Judge Milton Shuffield, 136th District Court.