Pictures from the Past---1996
IFC Credit Corp Officers (Filed BK July 27, 2009)

“Standing, left to right: Rudolph Trebels, CLP; Patrick A. Witowski
Seated: Dale Volkamer, CLP; Scott Kreissl, Gary Trebels, CLP “
June/July 1996 UAEL Newsline

IFC Credit filed $150 Million Chapter 7 Bankruptcy July 27, 2009.

http://leasingnews.org/PDF/IFC%20BK%20filing.pdf
http://leasingnews.org/archives/July%202009/07-29-09.htm#IFC_Credit

TODAY
(Note: None are CLP’s in good standing today)
http://www.clpfoundation.org/page-1691934

Rudolph Trebels
President/CEO
Wedgewood Investment Group, LLC
Equipment Leasing Group of America
Northfield, Illinois
http://www.elgallc.com/

Patrick Witowski
IFC (1991-2009)
Executive Vice President of Operations,
No Other Information
www.linkedin.com/pub/patrick-witowski/10/a34/9b

Scott Kreissl
Principal, JSK Partners,
Hilton Head Island, South Carolina
www.linkedin.com/pub/scott-kreissl/1a/9a7/311

Gary Trebels
(Rudy Trebels brother)
Member, Canvass Capital, LLC
Arlington Heights, Illinois

IFC Credit History:
http://www.leasingnews.org/Conscious-Top%20Stories/IFC_stories.htm

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Classified Ads---Credit

(These ads are “free” to those seeking employment
or looking to improve their position)

Free Posting for those seeking employment in Leasing:
http://www.leasingnews.org/Classified/Jwanted/Jwanted-post.htm

All “free” categories “job wanted” ads:
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

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Funders Looking for New Broker Business

To qualify for this list, the company must be a funder (as qualified by Leasing News) and on the “Funder List,” an acceptable Better Business Bureau Rating and no history of complaints at Leasing News. Also, it is their practice to notify lessees in advance when the lease will end and what the residual will be, specifically not automating extra lease payments, or insisting their discounter follow the same policy. We reserve the right to not list a company who does not meet these qualifications. There is no advertising fee or charge for a listing. They are “free.” Leasing News makes no endorsement of any of the companies listed, except they have qualified to be on this specific list.

We encourage companies who are listed to contact us for any change or addition they would like to make. We encourage adding  further information as an "attachment" or clarification of what they have to offer would be helpful to readers.

Please send company name, contact/email or telephone number as well as a URL to attach or description to kitmenkin@leasingnews.org

A -Accepts Broker Business | B -Requires Broker be Licensed
 | C -Sub-Broker Program
| D -"Private label Program" | E - Also "in house" salesmen

Full List:
http://www.leasingnews.org/Funders_Only/New_Broker.htm

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“Video Interview Pointers”
Career Crossroad---By Emily Fitzpatrick/RII

Question: I have an interview in the next few weeks, and it is to be a video interview. I would appreciate some pointers

Answer: There are two types of video interviews (1) live interviews (using Skype, FaceTime, or Live Messenger) and (2) recorded question-and-answer interviews, also called “time-shifted” video interviews.

In a recorded interview, the job seeker is directed to a website to answer questions on video, using their computer’s webcam.

Video interviews provide an apples-to-apples approach to assessing candidates. All applicants are asked the same questions, and the hiring manager can review and rate the responses. The company’s HR staff can easily set up these interviews, and the recording forwarded to the hiring manager for selection for the next round of interviews. 

Skype usage has increased dramatically in recent years: more than 300 million minutes of video calls are logged every day. An increasing number of those calls are job interviews.

Video Interview Prep

You can conduct a video interview on a laptop with a webcam, a traditional computer with a webcam, or using the Skype app on your iPad.

Even though the interview is being conducted by webcam, this is a “real” live interview, and you should be as prepared as if you were sitting across the desk from the interviewer. In fact, you may have to prepare more! After all, you do not have to clean your room before going off to an in-person job interview, but you do need to clear a space for your Skype interview. 

Be mindful of where you set up for your video interview. Be sure the area is free of visual distractions (clutter). Carefully consider what is in the background of your Skype interview. Make the background interesting, but not distracting. Plain white walls are fine, but boring. Can you frame a desk or bookshelves behind you instead?

Make sure you check out your technology well in advance of the interview, e.g. Internet connectivity and that your webcam and microphone are working. You may also have to download the software, if it is the first time you are using the application.

One of the best things you can do to prepare for a live video interview is to practice with friends or family members before your job interview.  Clarify with the interviewer who will initiate the Skype call and double-check the username. Furthermore, be sure to account for any time zone differences. 

Pointers

Dress nicely from head to toe: you should always expect the unexpected -You never know when you might need to stand during an interview. 

Lighting is important: If the light source is behind you, you may appear as a dark silhouette on the screen … position a lamp or other light source in front of you. 

Positioning is important: Prop up the computer so that you are not looking down at it and practice where to sit so you are framed correctly by the webcam … Make sure your torso is visible, including your hands. 

One “pro” tip is to use a USB-connected headset for an interview instead of the computer’s speakers: Headsets are inexpensive and can provide a much clearer interview experience. 

Dial up the enthusiasm: Someone who speaks with normal energy in a one-on-one conversation can come across as flat and monotone on a video interview … so it is important to be a little more enthusiastic in a Skype interview than normal. 

Lean in: You have probably heard that “the camera adds 10 pounds.” The reason for this is that many people lean backwards in their chair, when they should be leaning forward … if you sit back and relax in your chair, your head will be further away from the webcam than your stomach. Lean forward.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76
Also follow us on Twitter #RIIINFO

Career Crossroads Previous Columns
http://www.leasingnews.org/Conscious-Top%20Stories/crossroad.html

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Leasing Industry Help Wanted
 

Collector, Atlanta, GA Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office. Sales, Chicago, Atlanta Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered. Contact: Michael Testa 312-881-3133 mtesta@secondcityleasing.com www.secondcityleasing.com Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit

Leasing Operations Manager San Antonio, Texas Leadership role in building a team focused on credit, documentation and funding functions for a dynamic high growth business operating in both captive and non- captive lift truck markets. Click here for full description. Contact: Monet Pitts, HR Manager mpitts@minercorp.com flexxrl.com Quality Controlled Material Handling Equipment Rent, Finance, or Lease up to 84 months, Maintenace, too.

Leasing 102
by Mr. Terry Winders, CLP

Reasons to Lease

It does not look like Bonus Depreciation will be back this year, and maybe not next year. Also, new accounting changes are coming down the road, which will bring back “operating leases,” perhaps with shorter terms and higher residuals.

I am asked many times, “why would a company lease,” by business men and women that do not understand accounting or leases’ impact on business income tax. It is hard to explain cash flow, or its value to other than a CFO or the company’s tax accountant. However, we are called on to explain “why lease” to many decision makers who find leasing confusing.

The first question to ask,  then sit back and listen, is “how long, and for what purpose is the equipment going to be used?”  If the term is short, and the federal tax (MACRS) is long, then ask the customer how do they define cost and how does it match up with the term of financing? One of the biggest advantages of leasing is to place all costs such as accounting expense, tax expense and cash flow in unison, so cost accounting can be accurate and product pricing perfected.

Book depreciation and tax depreciation are usually on different terms, and loans could be on another term, making true cost hard to determine. If a true lease is used, then the book expense and the tax expense, plus the cash cost, are all on the same term making the cost accounting very clear and tied to the actual term of use.

True commercial equipment leasing is not always better than financing, and anytime the customer intends to keep the equipment for a long term, we should offer a bargain option lease that still would allow for irregular rents  if they have an irregular cash flow or revenue stream. Loans tend to be level payments, causing the customer to have and use a line of credit. Make sure they add this interest cost, and commitment and non-utilizatoin fees to their financing costs when comparing leasing to lending.

Leasing is an easy cost to distribute to different departments, if the equipment has multiple uses in a manufacturing environment. In addition, in an operating lease, if situations change during the lease, a modification of the lease terms can change the expense and lease payment to adjust to the new issues. Loans can change the payment, but not the expense. By changing the lease payment, leasing changes the expense, and perhaps the term as well.

Leasing includes all the acquisition costs (delivery set-up, site preparation, etc.) and amortizes it as part of the equipment cost over the term of the lease. In financing, those costs usually require that cash be paid up front; however, amortized over the term of the equipment’s accounting depreciation. This makes it a hard cash cost.
        
Any time cash is used that cannot be expensed, it reduces equity or net worth, so leasing allows a company to maintain equity by being able to expense cash as it is used for lease payments.

There are many reasons to lease, so if you just ask the right questions, and prepare to listen to the customer, you will find many ways to present the value of equipment leasing.   

This is only one of the aspects you will learn when you study to become a Certified Leasing Professional.  Having this knowledge will help you better understand what leasing is all about, as well as being able to be of better help to your client.

Mr. Terry Winders, CLP, has been a teacher, consultant, expert witness for the leasing industry for thirty-five years and can be reached at terrywinders11@yahoo.com  or  502-649-0448

He invites your questions and queries.
Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Terry Winders, CLP)

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Become a Certified Leasing Professional

The Institute for Leasing Professionals 2 day program is a comprehensive education program designed by equipment leasing and financing professionals. It is a 16-module course that covers the most important subjects in the equipment leasing and financing profession.

California ILP: August 8-9th
Location: Banc of California
CLP Exam: August 10th
Information:
http://www.leasingnews.org/PDF/SouthernCaliforniaLPCourse_2014.pdf

Washington ILP: August 12-13th
Location: Financial Pacific Leasing
CLP Exam: August 14th
Information:
http://www.leasingnews.org/PDF/WashingtonLPCourse_2014.pdf

Maryland ILP: October 10-11th
Location: FSG Capital
CLP Exam: October 12th
Information:
http://www.leasingnews.org/PDF/MarylandLPCourse_2014.pdf

For additional Information:
Reid Raykovich, CLP - Executive Director
(206) 535-6281 - direct
reid@clpfoundation.org

Why I Became a CLP
http://www.leasingnews.org/CLP/Index.htm

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This Case May Chill Assignments

By Tom McCurnin
 Leasing News Legal Editor 

All Assignments Have Warranty of Future Enforcement Provisions.  But Can an Assignor Warrant a Legal Opinion That the Lease is Enforceable to a Municipal Lessee?  Two Courts Say “Yes.” Case May Chill Assignments. 

Lyon Financial Services, Inc. v. Illinois Paper and Copier Co. 732 F.3d 755 (7th Cir. 2013.

Lyon Financial Services, Inc. v Illinois Paper and Copier 2014 WL 2965404 (Minn. 2014)

All lease assignments have a representation and warranty that the lease is “fully enforceable under its terms” or words similar to that.  In today’s case, a copier supplier, Illinois Paper and Copier Co., Bolingbrook, Illinois, leased copier ($510,568) to the Village of Bensenville, Illinois for a six year term, and assigned the lease to Lyon Financial Services dba U.S. Bancorp Business Equipment Finance Group, Marshall, Minnesota, a subsidiary of U.S. Bancorp.  The assignment had a warranty of enforcement that the lease was enforceable against the municipality that leased the copier. 

“…it's clear that Lyon purchased the copier the Village wanted for a price of $510,658 and in turn leased it to the Village. The lease agreement—signed a week after the master contract was executed in October 2008—listed the Village as the ‘customer,’ Lyon as the ‘owner’ of the copier, and Illinois Paper as the ‘supplier.’ The Village was required to make monthly payments of $9,500 for 72 months (six years), and Lyon's remedy for nonpayment was repossession of the equipment.
  (Page two,  First Lyon Case)

The problem was that under Illinois law, a municipal lease over five years is illegal. 

The copier supplier assigned the lease to Lyon Financial Services, Inc. with a choice of law provision in the assignment for Minnesota.  Two years into the lease, the municipality stopped paying on the lease citing Illinois law, which makes such longer leases illegal.  Lyon Financial sued Illinois Paper. 

Illinois Paper defended, claiming that the warranty of future legal performance was in appropriate for a number of good reasons. 

First, Illinois Paper argued that the lease form was supplied by Lyon Financial, so if there was a six year term, it was Lyon that selected that term.  I have no doubt that Lyon Financial probably supplied the form, but I doubt whether the actual term was something Lyon insisted upon.  Moreover, as a copier supplier in Illinois, one would think that Illinois Paper would have known about the five year maximum term. 

Second, Illinois Paper argued that Lyon Financial was required to prove reliance upon the warranty to enforce it.  The proving of reliance is not generally a requirement in a simple contract case. 

Third, Illinois Paper argued that the warranty of enforcement is essentially a representation of law, which is generally not actionable by a party in contract. 

The Federal Trial Judge ruled that Lyon's claim was a breach of warranty claim and the warranty of future enforcement was a representation of law.  The court explained that reliance is an element of a breach-of-warranty claim under Illinois law, and because no one may reasonably rely on counterparty’s representation of law, the breach of warranty claim necessarily failed.  Illinois Paper wins, Lyon loses.  Lyon appealed. 

On appeal, the Seventh Circuit was unclear whether, under Minnesota law (where the assignment was governed) reliance was a prerequisite to filing suit. 

Federal Judges, as a group, are some of the most decisive judges I’ve ever seen, and are rarely without an opinion on any given subject.  They also have a group of scary smart law clerks, from the best law schools in the Nation.  Multiply that character trait for Federal Appellate Judges.  So for the Seventh Circuit to express ignorance, whether reliance is necessary was quite surprising.

So unclear was the Seventh Circuit that it refused to rule on the case, and instead punted the case to the Minnesota Supreme Court last year to answer the question whether reliance is necessary. 

The Minnesota Supreme Court had never ruled on the issue, so it considered the matter and held that for a breach of contract action like this, reliance on a specific term is not a prerequisite.  Lyon wins, Illinois Paper loses.  The Minnesota Court then sent the case back to the Seventh Circuit.  It is likely that the Seventh Circuit will reverse the trial court and enter judgment for Lyon Financial. 

Putting aside the procedural traffic jam, what do these two cases mean to equipment lessors? 

First, a warranty of future enforcement between assignors and assignees is now enforceable, even for technical defects.  And they are enforceable even if the assignee knew or should have known the lease was illegal.  Reliance is not a factor. 

Second, this puts the responsibility for determining a lease’s legality and enforceability squarely onto the shoulders of the assignor.  So if the assignment has such a provision, the Assignor must consider the legalities of the lease from all perspectives.  In the old days, we used to have lessees sign “Estoppel Letters” or obtain an “Opinion of Counsel” from the lessee’s attorney that the lease was in fact enforceable.  Assignors may want to consider getting those types of documents to protect themselves against this decision.

Third, as wrong as this case seems to me, the fact remains that Illinois Copier was in the business of supplying copiers, and supplying them to Illinois businesses and governments.  It’s hard for me to imagine that this was the first municipal lease it wrote.  All leasing lawyers know for a fact that governmental leasing is a specialty, and most leasing companies won’t touch them without an expert staff familiar with the State’s laws in question, and a really good governmental leasing lawyer. 

Fourth, for Assignees and funding sources, continue using the warranty of enforcement provisions with confidence that if the lease deal craters for anything other than financial reasons, your Assignor may arguably be on the hook. 

Five, it is difficult to believe the city manager or finance officer
or those in the village government were not aware a six
year lease was illegal, and perhaps they were aware they could cancel
the lease, which they can do annually, but this time without any
problems as it was for six years. Perhaps they had earlier planned
to take advantage of the smaller monthly payment from the very
beginning, and the supplier should have taken this into consideration
or perhaps was involved in this plan from the very beginning,
and both parties were aware a six year lease was illegal in Illinois.

Lyon Case #1
http://www.leasingnews.org/PDF/LyonCase_7282014.pdf

Lyon Case #2
http://www.leasingnews.org/PDF/LyonCase_7282014.pdf

Tom McCurnin is a partner at Barton, Klugman & Oetting in Los Angeles, California.

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Email: tmccurnin@bkolaw.com
Visit our web site at www.bkolaw.com
Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

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Alleged First Legal "Benefit" Corp. Bank Fails in Chicago
14th FDIC insured bank to fail this year, 4th in Illinois.

"A benefit corporation or B corporation is a corporate form available in certain US States, designed for for-profit entities that wish to consider society and the environment in addition to profit in their decision making process. Benefit corporations differ from traditional corporations in regards to their purpose, accountability and transparency. The purpose of a benefit corporation includes creating general public benefit, which is defined as a material positive impact on society and the environment."
http://en.wikipedia.org/wiki/Benefit_corporation

The three branches of GreenChoice Bank, FSB, Chicago, Illinois were closed with Providence Bank, LLC, South Holland, Illinois, to assume all of the deposits.  Established January 1, 1920, the bank
had 22 full time employees as of March 31, 2014, at its offices in Chicago, Cicero, and Lockport.

At March 31, 2013, the bank had 40 full time employees.

The bank was originally founded as Family Federal Savings of Illinois, Cicero.  It was purchased and became GreenChoice Bank, FSB, Chicago, on February 1, 2011. (December 31, 2006, 16 full time employees.)
http://www.ffiec.gov/nicpubweb/nicweb/InstitutionHistory.aspx?

"GreenChoice obtained a thrift charter from the U.S. Office of Thrift Supervision in June 2009...Chief Operating Officer Steve Sherman, 37, declined to disclose how much capital GreenChoice is pumping into Family Federal, which is operating under a Nov. 20 "cease and desist" order from the OTS that requires it, among other things, to boost its capital levels.

"The CEO of GreenChoice is Mr. Sherman's father, Harold, 78, a community banker in Chicago in the 1980s.

"Family Federal, founded 110 years ago, had assets of $61 million as of Dec. 31. It's primarily a mortgage lender, but Steve Sherman said GreenChoice will make loans to apartment-building owners and small businesses in addition to continuing home lending."
http://www.chicagobusiness.com/article/20100412/NEWS01/2000377

"GreenChoice Bank FSB, claims to be the first bank in the U.S. to operate as a legal "benefit corporation."

"GreenChoice is a federal savings bank, and is wholly-owned by GreenChoice Holding Co. Inc., an Illinois-chartered benefit corporation. A benefit corporation, a new legal entity, is defined by state law as a business that, among other public purposes, is committed to “preserving the environment” or “increasing the flow of capital to entities with a public benefit purpose.”

“'We measure everything we do not only by how much it impacts our profit and losses, but also how it impacts the community and environment,' Jon Levey, executive vice-president and chief lending officer, said in an interview."

"Among its environmentally sustainable business practices, GreenChoice encourages customers to use e-statements, prints its reports on renewable sugar cane pulp, and designed its main office at 2545 W. Diversey Ave. so that sunlight can hit 90 percent of space inside the bank, according to Levey.

"GreenChoice provides loans to small business owners, ones Levey describes as “having been shut out of the credit system, largely.” as part of its business philosophy.  In addition, GreenChoice bankers work to maximize return on investments for non-profits and foundations, because of common values, according to Levey."
http://news.medill.northwestern.edu/chicago/news.aspx?id=222978

"We invested most of 2010 re-engineering the business to GreenChoice’s standards. This involved retrofitting its two branch locations and applying for LEED certification, introducing online and other electronic banking capabilities and launching a cultural change to incorporate sustainability initiatives throughout the business.

"We strive to create a small physical footprint to reduce our environmental impact, instead using technology and service to bring the bank to you."
  GreenChoice Web Site (now down)

The population of Cicero, Illinois in 2012 was 84,137, with an estimated median income of $39,680 compared to Illinois of $55,137. Estimated per capita income in 2012: $13,418.

• Hispanic - 72,609 (86.6%)
• White alone - 7,696 (9.2%)
• Black alone - 2,690 (3.2%)
• Asian alone - 467 (0.6%)
• Two or more races - 257 (0.3%)
• Other race alone - 90 (0.1%)
• American Indian alone - 56 (0.07%)
• Native Hawaiian and Other Pacific Islander alone - 26 (0.03%)

Single-family new house construction building permits:

• 1997: 2 buildings, average cost: $58,200
• 1998: 2 buildings, average cost: $58,200
• 1999: 0 buildings
• 2000: 1 building, cost: $58,200
• 2001: 1 building, cost: $58,200
• 2002: 0 buildings
• 2003: 0 buildings
• 2004: 0 buildings
• 2005: 0 buildings
• 2006: 0 buildings
• 2007: 0 buildings
• 2008: 0 buildings
• 2009: 0 buildings
• 2010: 0 buildings
• 2011: 0 buildings
• 2012: 0 buildings

     http://www.city-data.com/city/Cicero-Illinois.html

March 31, 2014: Tier 1 risk-based capital ratio 2.73%;

It does not appear this was the location for a Legal "Benefit" Corp.,
especially based on energy savings.

Non-Current Loans, mostly real estate, took the bank down.

(in millions, unless otherwise)

Non-Current Loans

Charge Offs

2006 -$1,000 (-$1,000 loans to individuals)
2007 0
2008 $2,000 ($2,000 loans to individuals)
2009 $2.2 ($1.3 1-4 family residential properties, $657,000 construct/land, $174,000 nonfarm/nonresidential, $-$1,000 loans to individuals)
2010 $121,000 ($74,000 nonfarm/nonresidential, $47,000 construction & land development)
2011 $246,000 ($209,000 construction/land, $23,000 1-4 family, $15,000 nonfarm/nonres/ -$1,000 individual loans)
2012 $417,000  ($188,000 1-4 family, $178,000 nonfarm/nonres, $38,000 multifamily, $2,000 commercial/industrial, -$2,000 individual loans)
2013 $935,000 ( $410,000 1-4 family, $284,000 nonfarm/nonres., $2,000 loans to individuals)
3/31 $90,000  ($39,000 nonfarm/nonres., $24,000 individuals, $22,000 1-4 family, $5,000 construction/land)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans.

As of March 31, 2014, GreenChoice Bank, fsb had approximately $72.9 million in total assets and $71.0 million in total deposits. In addition to assuming all of the deposits of the failed bank, Providence Bank, LLC agreed to purchase approximately $67.7 million of the failed bank's assets. The FDIC will retain the remaining assets for later disposition.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $14.2 million.

http://www.fdic.gov/news/news/press/2014/pr14062.html

List of Bank Failures:
http://www.fdic.gov/bank/individual/failed/banklist.html
Leasing News Bank Beat:
http://www.leasingnews.org/Conscious-Top%20Stories/Bank_Beat.htm

Top Stories July 21—July 25
(You May Have Missed One)

Here are the top stories opened the most by readers:

(1) 1999—Pictures from the Past
Meet the Northwest Team US Bancorp Manifest Funding Services
http://leasingnews.org/archives/Jul2014/7_21.htm#pictures

(2) Leasing 102 by Mr. Terry Winders, CLP
Purchase Money Security Interest (PMSI)
http://leasingnews.org/archives/Jul2014/7_21.htm#pmsi

(3) New Hires—Promotions in the Leasing Industry
http://leasingnews.org/archives/Jul2014/7_25.htm#hires

(4) Archives---July 23, 2002
Origins of the Leasing Business
http://leasingnews.org/archives/Jul2014/7_23.htm#archives

(5) 674 Dentists Win Judgment/Brican America
 (Includes Special Report from Attorney Ron Gossett) by Christopher Menkin
http://leasingnews.org/archives/Jul2014/7_23.htm#dentists

(6) Secured Lender Loses Security Interest in Two Cranes
Which Are Sold Under its Nose
By Tom McCurnin, Leasing News Legal News Editor

(7) CIT's big buy in California could signal more large bank deals to come
http://leasingnews.org/archives/Jul2014/7_25.htm#snl2

(8) Placard---Cash Flow is King
http://leasingnews.org/archives/Jul2014/7_25.htm#placard

(Tie) (9)  Much Anxiety Over Having Enough Money for Retirement
http://leasingnews.org/archives/Jul2014/7_25.htm#much

(Tie) (9)   Working Capital Myth #2
http://leasingnews.org/archives/Jul2014/7_23.htm#working

(10)   Kmart offers $1 check cashing Adds to Financial Service, such as “lease to own”
http://leasingnews.org/archives/Jul2014/7_23.htm#kmart

Beagle/Australian Cattle Dog
Northbrook, Illinois  Adopt-a-Dog

P.J.
Animal ID: 22184804
Breed: Beagle/Australian Cattle Dog
Age: 1 year 4 months 21 days
Sex: Male
Size: Medium
Color: black/brown
Neutered
Declawed: No
Housetrained: Unknown
Intake Date: 3/6/2014
Adoption Price: $225.00

“PJ is a low key dude. He's a 1-year old, 35-pound Beagle/Australian Cattle Dog mix that Heartland rescued from euthanasia. We think that his leg was broken at some point in the past because he walks with a limp, but he's happy as can be otherwise. He is so easy going and sweet- he'd love to be a couch potato with you! PJ is a beagle at heart so of course he enjoys getting out and sniffing around, but he'd be happy to snuggle for hours after.”
Heartland Animal Shelter is located at
2975 Milwaukee Ave. Northbrook, IL. 60062
Phone: 847-296-6400

* Please note that your calls will always be answered during our open shelter hours.  We are sorry but we are not always able to answer your calls during off-hours, please leave us a message and we will return your call.

Email Us: heartlandanimals@yahoo.com

Stop by to visit Shelter Hours:
Mon: Closed
Tues: 4-7pm
Wed: Closed
Thur: 4-7pm
Fri:    4-7pm
Sat:  12-4pm
Sun:  12-4pm

Adopt a Pet
http://www.adoptapet.com/

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Collector/Collections Consultant/Communications
Classified ads—

Collector: Atlanta, GA Asset Recovery Specialist. We get your money or we get your > equipment back for you. Physical Asset Recovery Experts! E-mail: mcrouse911@joimail.com	Collector: Cleveland, OH  Huntley Capital & Associates is your solution to late payments, no payments, and asset recovery. Call 216-337-7075.  Email: ghpatey@msn.com
Collections: Dallas, Texas Contingency Fee basis. Receivables Outsourcing. We are a fully bonded nationwide licensed agency. We collect for nationally known banks and leasing companies.  800-886-8088.	Collector: Los Angeles, CA Expert skiptracers covering Southern California. We locate skips, judgment debtors and collateral. When you can't get the job done in house, give us a call at 1-800-778-0794. E-mail: ceo@interagencyLA.com
Collector: Louisville, KY We are a full service collection agency with attorney network. 21 years experience. Please call Jon Floyd, VP at 1-800-264-6850  email: jfloyd@collectcsg.com	Collector: Louisville, KY  Euler Hermes/UMA 92 year old Global Receivables Outsourcing. Presence in 143 Countries. Work w/ 4 out of 5 Fortune 500 firms. Contingency Fee Structure. 20% off first time clients.! Andrew.Newton@eulerhermes.com 1-800-237-9386 x 205.
	Collector: Milwaukee, WI  We specialize in ATM machine reposession and remarketing. We can get you top dollar for your inventory. E-mail: bdperry1@yahoo.com
Collector: Nationwide End of lease negotiations & enforcement. Third-party collections. Skip-tracing. Background checks. Credit & asset investigations. 15+ years in leasing industry. Providing services to clients nationwide. 800-824-0234 johnkenny2@verizon.net
Consultant: Nationwide 25 yrs. experience: Creating/Refining Business Plans to raise capital· Credit Underwriting support/policy/procedure development · Operations Support/policy/procedure development. Call: 610-246-2178, McCarthy Financial, LLC,David.mccarthy@mccarthy-financial.com
Consultant: Europe 15 years doing deals/running own technology leasing company – looking to advise/ lead new entrants to take advantage the European market opportunity. www.clearcape.co.uk or kevin.kennedy@clearcape.co.uk	Consultant: Henderson, NV Focus on new business development and process efficiencies to create incremental revenue and profitability. Executive level vendor experience, and satisfied outsourcing clients. Incredible track record. E-mail: rbutzek@cox.net
Consultant: Sausalito, CA Lease trainer and consultant. 50 years in equipment leasing. Expert in transaction analysis, financial statement analysis, credit, packaging, structuring. Presents highly popular classes and workshops. E-mail:BoTei@aol.com	Consultant: North of Detroit, MI  INFOLEASE EXPERT - 18 years experience. Since being downsized in 2002, working as a consultant for several leasing companies. Seeking consulting projects nationwide.  E-mail: darwint@prodigy.net
	Communications:Chassell, MI Cartoons on business, finance & computers. Use for your presentations, website, newletter, direct mail projects etc. Fees are negotiable.  Email: dan@danscartoons.com  Go to http://www.danscartoons.com

All "Outsourcing" Classified ads (advertisers are both requested
and responsible to keep their free ads up to date:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing.htm

How to Post a free "Outsourcing" classified ad:
http://www.leasingnews.org/Classified/Outsourcing/Outsourcing-post.htm

News Briefs----

VA healthcare: Tentative deal reached in Congress
http://www.latimes.com/nation/nationnow/la-na-nn-va-healthcare-deal-20140727-story.html

TCF 2Q profit rises, driven again by auto, equipment loans
http://www.startribune.com/business/268597812.html

Banc of California Win Is Largest for nCino Since Upgrade
http://www.bankinnovation.net/2014/07/banc-of-california-win-is-largest-for-ncino-since-upgrade/

Oil trains crowd out grain shipments to NW ports
http://seattletimes.com/html/businesstechnology/
2024172633_columbiatrainsxml.html

Collector, Atlanta, GA Experienced, calling 11-90 day delinquent customers, assisting Asset Re-marketer with delinquency reporting, weekly reporting to home office. Sales, Chicago, Atlanta Work out of main office and satellite. Heavy phone sales calling on both independent dealers and end users (cold/warm calling), marketing, weekly reporting to management. Outside territorial salespeople will also be considered. Contact: Michael Testa 312-881-3133 mtesta@secondcityleasing.com www.secondcityleasing.com Financing for Commercial Truck & Trailer, Exotic, High Line, Vintage & Classic Automobiles, Taxi, Livery & Paratransit

[headlines]
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--You May Have Missed It

Breaking News: Hello Vino Is Amazon Fire Phone's Day One Wine App
http://www.forbes.com/sites/cathyhuyghe/2014/07/25/breaking-news-hello-vino-is-amazon-fire-phones-day-one-wine-app/

[headlines]
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SparkPeople--Live Healthier and Longer

12 Foods to Eat for a Healthier Ticker
http://www.sparkpeople.com/resource/slideshow.asp?show=51

[headlines]
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Baseball Poem

“Voices of the Game" 
by J. Kyle
 

You see fans holding their radios here and over there,
Intently watching the game, yet listening with care.
Some think us strange that we bring our transistorized friend, Then they sit too close, and try to listen in.

So many, many voices of baseball present and past,
A very select few can make you feel that home run blast.
The team in the booth at times is the best,
The fans can hope for along with the rest. 

Some of these voices have now faded away,
Going, going, gone to their final play.
The restless nights they talked us to sleep,
Just waiting for someone to take one deep.

Harry was the greatest Cub there ever could be,
There will never be another like him at ol' Wrigley.
Vin Scully still bleeds that Dodger blue,
While Scooter will always be a Yankee too.

Nuxhall and Brennaman are my favorite radio men,
They have been a duo since way back when.
I was a boy when I first heard that familiar winning call,
“This one belongs to the Reds” now has its own place in the Hall. 

So the next time you search for the game on TV,
Turn the volume way down, grab a radio, and you will soon see.

The voices of the game do much more than that old screen,
They bring you the nation's game in a fashion unseen

   (also recommended for Football games, too.)

“The poem brings back memories of my first game at Dodger Stadium.  I was hosting about a dozen clients in 1981 - Fernandomania - and they were playing Nolan Ryan and the Astros.  Nearly everyone in the Stadium had a transistor radio - it was '81 - and you could hear the play-by-play in both English and Spanish quite clearly.  And the Dodger Dog vendor was throwing strikes to customers nearly as well as Fernando and Ryan!”

Ralph P. Mango

[headlines]
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Sports Briefs----

Tony La Russa thankful in Hall of Fame speech
http://www.contracostatimes.com/athletics/ci_26225997/tony-la-russa-thankful-hall-fame-speech

Eric Nadel honored by Hall of Fame, tells team, fans: 'We won this award together'
http://www.dallasnews.com/sports/texas-rangers/headlines/20140726-eric-nadel-honored-by-hall-of-fame-tells-team-fans-we-won-this-award-together.ece

49ers' No. 2 running back Kendall Hunter tears ACL
http://www.mercurynews.com/49ers/ci_26221852/49ers-no-2-running-back-kendall-hunter-tears 

49ers' LaMichael James suffers apparent dislocated elbow
http://www.contracostatimes.com/49ers/ci_26226414/49ers-lamichael-james-suffers-apparent-arm-injury

(Leasing News provides this ad as a trade for investigations
and background information provided by John Kenny)

[headlines]
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California Nuts Briefs---

Cal Fire: 10 homes, seven outbuildings destroyed by Sand fire
http://www.sacbee.com/2014/07/26/6584810/sand-fire-cal-fire.html

State senator calls for criminal probe of Bay Bridge construction problems
http://www.sacbee.com/2014/07/26/6584786/state-senator-calls-for-criminal.html

Vinod Khosla blames costly demands for Martins Beach trial
http://www.sfgate.com/science/article/Vinod-Khosla-blames-costly-demands-for-Martins-5645423.php

[headlines]
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“Gimme that Wine”

http://www.youtube.com/watch?v=EJnQoi8DSE8

Breaking News: Hello Vino Is Amazon Fire Phone's Day One Wine App
http://www.forbes.com/sites/cathyhuyghe/2014/07/25/breaking-news-hello-vino-is-amazon-fire-phones-day-one-wine-app/

How to Chill a Bottle of Wine Faster
http://www.huffingtonpost.com/food-52/how-to-chill-a-bottle-of_b_5606005.html

You may be drinking fake wine
How to tell the real bottles from the knock-offs
http://www.marketwatch.com/story/how-to-spot-fake-wine-2014-07-24

Free Mobile Wine Program
http://leasingnews.org/archives/Feb2010/2_26.htm#mobile

Wine Prices by vintage
http://www.winezap.com
http://www.wine-searcher.com/

US/International Wine Events
http://www.localwineevents.com/

Winery Atlas
http://www.carterhouse.com/atlas/\

Leasing News Wine & Spirits Page
http://two.leasingnews.org/Recommendations/wnensprts.htm