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Leasing News is a web site that posts information, news, and
entertainment for the commercial alternate financing,
bank, finance and leasing industries

kitmenkin@leasingnews.org
   


 



Monday, September 26, 2016




Today's Equipment Leasing Headlines

ELFA MFLI-25 Reports August New Business Up 10%
  Up 11.9% Compared to Last Year
Top Stories: September 19 - September 23
(Opened Most by Readers)
Position Wanted---Risk Management
  Seeking New Opportunities
Allied Bank, Mulberry, Arkansas Tier 1 Capital 1.8%
Fifth FDIC-Insured Institution to Fail in the Nation This Year
Leasing Industry Ads---Help Wanted
Please Call for a Telephone Interview
“Need Tips for Telephone Interview”
Career Crossroad---By Emily Fitzpatrick/RII
New York Federal Upholds Absolute Guaranty
 by Tom McCurnin, Leasing News Legal Editor
So You Want To Start a Leasing Company
Leasing 102 by Mr. Terry Winders, CLFP
Labrador Retriever/Spaniel Mix
Federal Way, Washington  Adopt-a-Dog
Attorneys Who Specialize in
Banking, Finance, and Leasing
News Briefs---
Cedar Rapids Begins Evacuations Ahead of Major Flood
  Our Best to Great America Finance  et. al.
Optimism in Britain's finance industry
      hits financial crisis low
Two Ex-Wells Fargo Bankers Sue for $2.6B Over Firing
The goal, they say: eight Wells Fargo accounts per household
Wells Fargo fraud case could cost industry
      thousands of jobs
Richard P. "Dick" Cooley, Former Wells Fargo C.E.O., Dies at 92
   Chairman of SeaFirst, Seattle--Teacher/Champion of Leasing
Arnold Palmer, the Everyman 'King of Golf,'
 Dies in Pittsburgh at 87
Arnold Palmer was the father of
modern day sports marketing
Commercial Finance Coalition Tells MCA Industry
     Story on Capitol Hill

Broker/Funder/Industry Lists | Features (writer's columns)
Top Ten Stories Chosen by Readers | Top Stories last six months

www.leasingcomplaints.com (Be Careful of Doing Business)
www.evergreenleasingnews.org
Leasing News Icon for Android Mobile Device 

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######## surrounding the article denotes it is a “press release” and was not written by Leasing News nor information verified, but from the source noted. When an article is signed by the writer, it is considered a “by line.” It reflects the opinion and research of the writer.

 



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[headlines]

--------------------------------------------------------------

 

ELFA MFLI-25 Reports August New Business Up 10%
Up 11.9% Compared to Last Year


August chart
(Chart: Leasing News)

The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25) (MLFI-25), which reports economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, showed their overall new business volume for August was $7.7 billion, up 11.9% year-over-year from new business volume in August, 2015 of $6.9 billion; up 10% from the previous month of $7.0 billion.

In August, credit approvals rose to 76.9 percent of all applications submitted from 75.9 percent in July, it was reported.

The Equipment Leasing & Finance Foundation reported its confidence index fell to 53.8 for September from 54.8 for August.

A full report was not available to Leasing News at press time. Information above came from Reuters.

 

 

[headlines]
--------------------------------------------------------------

Top Stories: September 19 - September 23
(Opened Most by Readers)

(1) Windset Capital to Discontinue Funding New Business
Effective September 26, 2016
http://leasingnews.org/archives/Sep2016/09_19.htm#windset

(2) First Federal Goes with DocuSign
    All On Board
http://leasingnews.org/archives/Sep2016/09_23.htm#ff

(3) New Hires/Promotions in the Leasing Business
   and Related Industries
http://leasingnews.org/archives/Sep2016/09_23.htm#hires

(4) What Car Do I Drive?
   by Allan Levine, President/COO, Madison Capital
http://leasingnews.org/archives/Sep2016/09_21.htm#what

(5) News of Chesswood Discontinuing Windset Capital
        Raises Their Stock
http://leasingnews.org/archives/Sep2016/09_21.htm#chesswood

(6) Sales Make it Happen by Steve Chriest
   Question: Reading Financial Statements as Loan Broker
http://leasingnews.org/archives/Sep2016/09_21.htm#question

(7) Wells Fargo Hired 5,300 Employees with Lax Morals
   Credit Today's "Tools for Todays Credit Executives"
http://leasingnews.org/archives/Sep2016/09_21.htm#wf

(8) Element Financial Commercial Finance
--- ECN Capital in Two Weeks
http://leasingnews.org/archives/Sep2016/09_19.htm#element

(9) Funder List “A” Up-dated
  Includes Response on California Finance Lender’s License
http://leasingnews.org/archives/Sep2016/09_19.htm#funder_updated

(10) Checking Applicant's Bank Statements Online
    FinTech #102 by Christopher Menkin
http://leasingnews.org/archives/Sep2016/09_23.htm#fintech

 

 

[headlines]
--------------------------------------------------------------

Position Wanted---Risk Management
  Seeking New Opportunities

Each Week Leasing News is pleased, as a service to its readership, to offer completely free ads placed by candidates for jobs in the industry. These ads also can be accessed directly on the website at: 
http://www.leasingnews.org/Classified/Jwanted/Jwanted.htm

Each ad is limited to (100) words and ads repeat for up to 6 months unless the candidate tells us to stop. Your submissions should be received here by the end of each week.
Please encourage friends and colleagues to take advantage of this service, including recent graduates and others interested in leasing and related careers.

Chicago, Illinois
Highly knowledgeable and analytical Equipment Leasing Executive; leveraging 25 years in Portfolio Management, Operations, Credit, and Collections within Banking environment and Commercial Equipment Leasing Industry; proven track record, developing/ implementing strategies, sound operational excellence and process improvement, while maximizing revenues and positioning organizations for greater success. wgriffith61@yahoo.com 
Resume

 


(Leasing News provides this ad as a trade for appraisals
and equipment valuations provided by Ed Castagna)

[headlines]
--------------------------------------------------------------

 

Allied Bank, Mulberry, Arkansas Tier 1 Capital 1.8%
Fifth FDIC-Insured Institution to Fail in the Nation This Year

The five branches of Allied Bank, Mulberry, Arkansas, were closed with Today's Bank, Huntsville, Arkansas, to assume all of the deposits. Established March 4, 1902. The bank originally had nine locations, Alma, 3 in Little Rock, Mansfield, 2 in Mulberry, Ozark, Van Buren. As of June 30, 2016, Allied had 40 full time employees. In 2012, the bank had 57 full time employees.  As of June 30, 2015, they had five offices: Alma, Little Rock, Mansfield, Mulberry, Ozark. Tier 1 Capital as of June 30, 2016 was 1.8%

Allied Bank saw its delinquencies increase to more than $5.13 million as of June 30. The bank incurred a $4.495 million loss in the first half of 2016, more than double the loss the bank took last year. Capital equity fell critically low to $1.321 million in June, putting the capital ratios below the threshold for bank closure.

In July 24, 2015, U.S. Bankruptcy Court Judge Ben Barry orders the liquidation of Acme Holding Co., the parent company of Allied Bank of Mulberry.

(In billions, unless otherwise)

Non-current loans

2006 $561,000
2007 0
2008 $118,000
2009 $150,000
2010 $4.8
2011 $7.0
2012 $7.5
2013 $5.6
2014 $5.1
2015 $6.3
2016 $5.1

(June 20, 2016)

Charge Offs

2006  -$3,000 ($32,000 loans to individuals), -$29,000 1-4 family, -$6,000 commercial/Ind.)
2007  $24,000 ($18,000 loans indiv., $3,000 commercial/industrial, $3,000 1-4 family)
2008 $454,000 ($185,000 loans indiv., $121,000 constr./dev.,$101,000 Com/Ind., $45,000 1-4)          
2009   -$94,000($35,000 1-4 family, $-$87,000 loans indiv., -$41,000 com/Ind.)
2010  $2.1 ($2.0 commercial/industrial, $128,000 1-4 family)
2011   $712,000 ($320,000 loans indiv., $152,000 1-4 family, $32,000 nonfarm, $5,000 comm.)
2012  $1.0  ($848,000 loans indiv., $472,000 construct/land., $130,000 1-4 fam.,-$419,000 comm/ind.)
2013  $2.2 ($805,000 nonfarm/nonres., $728,000, comm/ind., $514,000 loans indiv., $185,000 1-4)
2014   -$91,000 ($162,000 loans indiv., -$180,000 nonfarm/nonres, -$51,000 comm/ind., -$34,000 const./loans
2015  -$1.8  ($1.1 comer/industrial, $543,000 1-4 family, $116,000 farmland, $39,000 loans indiv. $60,000 const./loans)
2016  $3.0  ($2.5 commercial/industrial, $547,000 const./land, $10,000 1-4 family, -$58,000 nonfarm/nonres., -$2 loans to individual)

Construction and Land, 1-4 family multiple residential, Multiple Family Residential, Non-Farm Non-Residential loans (non-owner occupied).

Profit 

2006 $1.4
2007 $1.9
2008 $1.8
2009 $1.7
2010 $764,000
2011 -$1.6 
2012 -$3.5
2013 -$4.9 
2014 -$1.0
2015 -$2.2
2016 -$4.5

Net Equity

2006 $12.3
2007 $13.5
2008 $14.6 
2009 $15.5
2010 $18.0
2011 $16.4
2012 $13.6
2013 $8.9
2014 $8.1
2015 $5.8
2016 $1.3


(June 30, 2016)

As of June 30, 2016, Allied Bank had approximately $66.3 million in total assets and $64.7 million in total deposits. In addition to assuming all of the deposits of the failed bank, Today's Bank agreed to purchase essentially all of the failed bank's assets.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $6.9 million.

FDIC Press Release:
https://www.fdic.gov/news/news/press/2016/pr16082.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

 

 

[headlines]
--------------------------------------------------------------

 

Leasing Industry Ads---Help Wanted Opportunity

Please call for a telephone interview

SALES POSITIONS AVAILABLE

We are a premier self-funded small ticket and
middle market full service equipment finance company.
Our compensation programs are aggressive and include full insurance benefits, matching 401k, etc.

Positions are available for well experienced industry
professionals with a minimum production level
of $400k per month in funded business.

Please email your resume to sschachtel@bankozarks.com
or call directly at 973-768-7501

Bank of the Ozarks was recognized as the top performing bank
in the United States, based on financial performance,
five years in a row, 2011-2015.
• Rated as “well capitalized” –
the highest available regulatory rating
• Publicly traded company on the
NASDAQ Global Select Market, symbol OZRK
• Headquartered in Little Rock, Arkansas
• Chartered in March 1903, a 111-year heritage

256 Offices, $18.5 billion in assets, second quarter
2016 net income of over $54 million

www.bankozarks.com/equipment

Bank of the Ozarks


We are an equal opportunity employer and give consideration for employment to qualified applicants without regard to race, color, religion, sex, national origin, sexual orientation, disability status, protected veteran status, or any other characteristic protected by federal, state, and local law. Member FDIC.




[headlines]
--------------------------------------------------------------

 

Need Tips for Telephone Interview
Career Crossroad---By Emily Fitzpatrick/RII

Question:
I have a phone interview scheduled---Can you give me any tips?

Answer: 
Phone interviews, in reality, are sometimes more difficult than face-to-face interviews as it is difficult to “read” the interviewer’s reactions to your questions and answers.

The best way to prepare for the phone interview is to do your homework:
(1) Research the company
(2) Find out who will be in on the call and research, if you can, the background of the interviewer (s) to see if you have any commonalities e.g. previous employers
(3) make sure you understand the qualifications required for the role and be able to relate your background to each requirement
(4) Develop some questions regarding the company as whole and other job-specific questions – NEVER discuss salary unless the interviewer brings up the topic 
(5) make sure you have your resume and job description in front of you during the interview 
(6) After completion of the interview, ask about next steps (e.g. a face-to-face interview). 

Most importantly, relax and make the phone interview a two-way conversation so your personality can shine through.

Emily Fitzpatrick
Sr. Recruiter
Recruiters International, Inc.
Phone:  954-885-9241
Cell:  954-612-0567
emily@riirecruit.com
www.riicareer.com

Invite me to Connect on LinkedIn
www.linkedin.com/pub/emily-fitzpatrick/4/671/76

Also follow us on Twitter #RIIINFO
https://www.pinterest.com/recruitersinter/rii-career-services/

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

 

[headlines]
--------------------------------------------------------------

 

New York Federal Upholds Absolute Guaranty
by Tom McCurnin
Leasing News Legal Editor

136 Field Point Holding Co. LLC v. Invar Intern. Holding, Inc., 2015 WL 1254846 (SD NY 2015). 

Alexander and Tanya Razinski, held themselves out as multi-millionaires, and live in a luxury, waterfront mansion in Greenwich, Connecticut. But it is rented. The Razinskis promised to leave the mansion at the end of the lease's term, but didn’t. The Razinskis promised to pay a hold-over payment if they occupied the house beyond the lease term, but refused to pay. Razinski’s corporation “absolutely and unconditionally” promised to pay if the Razinskis failed to do so. But it refused to pay. The landlord sued the guarantor, and wisely ignored the Razinskis in the suit. 

It is a fundamental principal of guaranties that a guarantor’s liability can be no greater than the principal’s liability. Here, the principals, Alexander and Tanya Razinski, agreed to pay a penalty of $1 million dollars if they didn’t vacate. Say what you want about commercial deals, but sounds like an unenforceable penalty to me. 

So the question for the New York court was whether, in the face of a clearly unenforceable penalty, the guarantor can assume a liability greater than that of the principal. The answer is “yes” under New York law. 

I’m not so sure the answer would be the same in another State, in light of the extreme penalty imposed on the principal here, a payment of $1 million dollars for being a day late. 

The court’s analysis was simple. Under New York law, absolute and unconditional guaranties can preclude guarantors from asserting a broad range of defenses under New York law, and are consistently upheld by New York courts. Indeed, unconditional guaranties have been held to foreclose, as a matter of law, guarantors from asserting any defenses or counterclaims whatsoever. Thus, the guarantor was precluded from arguing the clearly illegal penalty imposed on the two principals. The court noted that the guarantor’s argument is akin to a dishonest child's claim that her fingers were crossed behind her back when she made a promise. 

What are the lessons here for the equipment lessor?

First, while I consistently maintain that California has some of the best creditors’ rights statutes and decisions out there, lessors and their counsel should consider using a New York choice of law in guaranties. This doesn’t mean a New York forum selection clause, but a New York choice of law.

Second, unconditional and absolute guaranties are enforced in New York, even in the face of what I considered to an illegal penalty. I suppose under New York law, a guarantor could guaranty a debt for gambling, drugs, or prostitution. 

The bottom line is that for litigating guaranty claims, New York law is probably the best choice.
136 Field Point Holding vs. Invar International Holding  (5 pages)
http://www.leasingnews.org/PDF/FieldPointvsInvar2016.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

Previous Tom McCurnin Articles:
http://www.leasingnews.org/Conscious-Top%20Stories/leasing_cases.html

 


[headlines]
--------------------------------------------------------------

 

So You Want To Start a Leasing Company

Many banks and successful salespersons, brokers and packagers have approached me on how to start a leasing company because as they observe or sell off transactions they see a small fee while the rest seems to benefit the funding source. I do not want to discourage you on this idea but there is a lot to consider and I have a few suggestions along the way. Establishing a leasing company is an expensive task and takes a lot of time. A “company” takes people procedures and money. A person or two can do it by having outside help on bookkeeping and tax compliance but then there is the question of credit losses and collection expense.

Before anything else you must have an established flow of business of at least five million dollars per year to create enough profits to break even. This amount varies, of course, with the margin created and the size of the lease transactions. Small ticket leases takes a lot more than large ticket leases because of handling costs, such as credit reports, documentation etc.
If your ticket size is under one hundred thousand then it would take about $10 million in leases to break even. Unless you have credit losses or heavy collection costs. Remember distance adds all kinds of costs to collection efforts, so stay close to home with your marketing activity and try and stay away from out of state transactions.

I have helped a lot of banks get into leasing so I created a list of tasks for them to get started but it does cover many of the tasks even a small leasing company would need to consider. This list will be modified based on the actual decisions reached each step of the way. The list is not intended to be complete, but just to begin the progress. Also, the timing of these events necessary to establish a leasing department are not necessarily in order because many of them need to occur at the same time. However these are in the best order possible:

  • Hire a leasing consultant (optional)
  • Determine what form your leasing company is to be, example: Sub-S, LLC, Corporation, Etc.
  • Determine what type of leases you can offer
  • Create business plan for guide posts during development
  • If a Bank notify bank regulators of leasing activity
  • If Independent get business license
  • Request sales tax authority for each state you will be doing business
  • If required, obtain license in each state you will be doing business,
  • Determine property tax requirements
  • Establish policy as a guideline for transactions, credit, authorities, and residuals
  • Establish credit flow and residual authority
  • Select or create lease documentation
  • Take lease forms to legal counsel for review
  • Print legal documents or place in computer
  • Select bookkeeping procedure and establish or purchase “inside” or “outside support” software
  • Lease or purchase pricing and structuring software
  • If you are a bank then hire lease manager (familiar with all aspects of leasing not just sales)
  • Hire or appoint administrative assistant
  • Arrange for funding
  • Train on booking software
  • Train on documentation
  • Train on pricing
  • Create marketing materials
  • Create back office forms
  • Create back office procedure
  • Establish portfolio files. Fire proof safe for legal documents
  • Establish responsibility requirements
  • Train accounting personnel (perhaps your spouse)
  • Investigate lease markets
  • Establish marketing plan ( stay in only three markets for first two years)
  • Hire lease sales personnel
  • Establish commission plan with maximum 10% of gross margin or 25% of net margin
  • Make sales calls on vendors
  • Make sales calls on end users (lessees)
  • Create all end of month and volume reports
  • Explain reports to management or funders
  • Train on tax reporting
  • Train on use of accounting reports
  • Train on changes on lease during term
  • Train on differences of leasing Vs loans
  • Make leases
  • Establish end of the lease procedures
  • Obtain blanket insurance coverage
  • Join an Equipment Leasing Association and support it.

I know this list is not complete but one of the most important things I can recommend regardless of your size is to have a “complete” business plan prior to beginning the company. It needs to address your operation from one end to the other and establish guide posts to determine if you are on the same path as originally envisioned.

In America we are noted for being able to adapt to new business challenges however in this case everything from funding and operation costs require you to pass on transactions or markets that are not in the plan. If you get lured away from the plan by a large transaction or an out of state deal or what looks like a good market, you will lose time and effort from building the company correctly. A rifle approach and not a shotgun approach is the best way to go.

Previous #102 Columns:
http://www.leasingnews.org/Conscious-Top%20Stories/Leasing_102/Index.htm

 

((Please Click on Bulletin Board to learn more information))
(Leasing News provides this ad “gratis” as a means
to help support the growth of Lease Police)

[headlines]
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Labrador Retriever/Spaniel Mix
Federal Way, Washington  Adopt-a-Dog


Sophie
Female
One Year Old
55 lbs.
Spayed
Current on Vaccinations
Prefers Home without Cats

"Sophie is a sweet lab/hound/spaniel mix looking for a home and family to call her own. She is about 55 lbs., and about one year old. Playful and gentle natured, she will be a great addition to any family! Sophie loves to give kisses and riding in the car. She is an active girl who would make a great hiking buddy and trips to the park…. Email ppace@mac.com for more info on this girl!!!

"Her adoption fee is $600 USD and that will pay for his/her flight anywhere in Canada or the US that United Airlines flies direct along with her crate, all her shots up to date, neutered/spayed, microchip, rabies and health certificate."

Best Friends Furever
713-859-7415
Federal Way, WA 98003
bffurever@yahoo.com

http://www.adoptapet.com/

 

[headlines]
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Attorneys Who Specialize in
Banking, Finance, and Leasing

Birmingham, Alabama
The lawyers of Marks & Associates, P.C. have over 30 years experience in dealing with virtually every type of equipment financing and are recognized throughout the industry for prompt, practical solutions and exemplary service. They offer cost-conscious, effective lease enforcement and good counsel. 
Email: Barry@leaselawyer.com
Website: www.leaselawyers.com
California, National: city: Riverside 
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs exp.in SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker. 
Email: leaselaw@msn.com

Kenneth C. Greene




California
Leasing and Financial consultant, active in several leasing
associations, as well as involved in music and film production inLA.  Mention "Leasing News" for a free consultation.
818.575.9095
Skype: 424.235.1658
ken@kengreenelaw.com
Connecticut, Southern New England: 
EVANS, FELDMAN & BOYER, LLC Collections, litigation, documentation, portfolio sales and financing, bankruptcy. We represent many of the national and local leasing companies doing business in this state. Past chairman EAEL legal committee. Competitive rates. 
email: rcfeldman@snet.net  
Los Angeles/Santa Monica
Hemar & Associates, Attorneys at Law
Specialists in legal assistance, including debt collection, equipment recovery, litigation for 35 years. Fluent in Spanish. 
Tel: 310-829-1948 
email: phemar@hemar.com
 
Los Angeles, Southern CA 
Seasoned attorney representing secured creditors in auto finance and truck/equipment lease industry.  Bankruptcy and State Court litigation.   Vincent V. Frounjian (818) 990-0605or email: vvf@pacbell.net.

Encino, California: Statewide “ELFA” 
Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigationdebt collection, and bankruptcy.
Call Stephen E. Jenkins Esq (818) 501-3800

Los Angeles, Statewide: CA.     "ELFA" Aggressive creditors rights law firm specializing in equipment leasing handling collection matters on a contingency, fixed fee or hourly cbasis. email:RGarwacki@prodigy.net 

Los Angeles, Statewide: CA      "ELFA"
Practice limited to collections, bankruptcy and problem accounts resolution. Decades of experience. 10-lawyer firm dedicated to serving you. Call Ronald Cohn, Esq. (818)591-2121 or email. Email: rrcohn@aol.com   


Los Angeles- Statewide, CA
Lawyer specializing in banking and leasing issues statewide. Documents and litigation. 
Tom McCurnin, Barton, Klugman & Oetting. Voice: (213) 617-6129 
Cell:(213) 268-8291
Email: 
tmccurnin@bkolaw.com

California & National

Paul Bent – More than 35 years experience in all forms of equipment leasing, secured lending, and asset based transactions. Financial analysis, deal structuring, contract negotiations, documentation, private dispute resolution, expert witness services. 
(562) 426-1000
www.paulbentlaw.com
pbent@paulbentlaw.com

Illinois
 
Kevin E. Trabaris: Concentrates his practice in the areas of commercial finance, corporate and business transactions. Extensive experience representing banks, financial companies, equipment lessors, insurers and other funding and intermediary entities and borrowers in connection with thousands of business financing matters. He has handled everything from small ticket transactions to billion dollar syndicated loans, real estate financing to asset-based facilities.
Email: ktrabaris@llflegal.com
Work: 312.667.1354
Cell: 847.840.4687
http://llflegal.com/attorneys/kevin-trabaris/

Law Firm - Service, Dallas, TX. "ELFA"
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance. 
email: dmayer@pattonboggs.com
Website: 
www.pattonboggs.com
Massachusetts (collection/litigation coast to coast) 
Modern Law Group focuses its practice on collections, lease enforcement and asset recovery. For the past five years, our attorneys have helped clients recover millions of dollars. We are able to cover your needs coast to coast.
Email
 phone 617-855-9085www.modernlawgroup.com

Michael J. Witt, experienced bank, finance, and leasing attorney, also conducts Portfolio Audits. Previously he was Managing Counsel, Wells Fargo & Co. (May, 2003 – September, 2008); Senior Vice President & General Counsel, Advanta Business Services (May, 1988 – June, 1997) Tel: (515) 223-2352 Cell: (515) 868-1067 
E-mail: MWitt@Witt-Legal.com
Web: www.witt-legal.com

National:  The OMEGA Network Group-nationwide legal representation of small and mid ticket equipment lessors-flat fee bankruptcy & replevin, contingent collection, 
billable litigation (704-969-3280)
tong_92@yahoo.com

National: Coston & Rademacher: Business attorneys serving the lease-finance industry since 1980. Transactional, documentation, corporate/finance, workouts, litigation, bankruptcy, portfolio management. Chicago-based national practice. Jim Coston, CLP (Members: ELFA, NEFA). 
email: Jcoston@costonlaw.com
Website:www.costonlaw.com

St. Louis County , MO. - statewide: 
Schultz & Associates LLP., collections, negotiation, and litigation. Also register and pursue recovery on foreign judgments. Contingency and reasonable hourly rates. 
Ronald J. Eisenberg, Esq.
(636) 537-4645 x108 
reisenberg@sl-lawyers.com
www.sl-lawyers.com
NJ, De, Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PAsscuteri@capehart.com / www.capehart.com
New York and New Jersey

Frank Peretore
Chiesa Shahinian & Giantomasi
West Orange, New Jersey
http://www.csglaw.com/
biographies/frank-peretore
 
Phone 973-530-2058
fperetore@csglaw.com
 Documentation, portfolio purchase & sale, replevin, workouts, litigation, collection, bankruptcy. Aggressive. Over 30 years experience.

Thousand Oaks, California: 
Statewide coverage Spiwak & Iezza, LLP 20+ years experience,Representing Lessors banks in both State/ Federal Courts/ all aspects of commercial leasing litigation.
Nick Iezza 805-777-1175
niezza@spiwakandiezza.com

 

[headlines]
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News Briefs---

Cedar Rapids Begins Evacuations Ahead of Major Flood
  Our Best to Great America Finance  et. al.
http://www.wsj.com/articles/cedar-rapids-begins-evacuations-ahead-of-major-flood-1474832444

Optimism in Britain's finance industry
      hits financial crisis low
http://www.reuters.com/article/us-britain-eu-banks-poll-idUSKCN11V0WG

Two Ex-Wells Fargo Bankers Sue for $2.6B Over Firing
The goal, they say: eight Wells Fargo accounts per household
http://www.usatoday.com/story/money/2016/09/25/ex-wells-fargo-employees-sue-over-scam/91079158/

Wells Fargo fraud case could cost industry
      thousands of jobs
http://nypost.com/2016/09/25/wells-fargo-fraud-case-could-cost-industry-thousands-of-jobs/

Richard P. "Dick" Cooley, Former Wells Fargo C.E.O., Dies at 92
   Chairman of SeaFirst, Seattle--Teacher/Champion of Leasing
(He was head of United Bay Area Crusade, my first employer in SF)
http://www.nytimes.com/2016/09/26/business/richard-p-cooley-former-wells-fargo-ceo-dies-at-92.html?ref=business&_r=0

Arnold Palmer, the Everyman 'King of Golf,'
 Dies in Pittsburgh at 87
http://www.nbcnews.com/news/sports/arnold-palmer-everyman-king-golf-dies-pittsburgh-87-n654161

Arnold Palmer was the father of
modern day sports marketing
http://www.espn.com/golf/story/_/id/17639848/arnold-palmer-was-father-modern-day-sports-marketing

Commercial Finance Coalition Tells MCA Industry
     Story on Capitol Hill
http://debanked.com/2016/09/commercial-finance-coalition-tells-mca-industry-story-on-capitol-hill/


[headlines]

--------------------------------------------------------------


--You May Have Missed It

 The 10 best-paid bankers  (and not all are CEOs)
http://www.usatoday.com/story/money/markets/2016/09/22/highest-paid-bankers-bank-ceo-executives/90753300/


--------------------------------------------------------------

Baseball Poem

Touching All Bases
Poems from Baseball

Tim Peeler
www.mcfarlandpub.com


That Home Run Feeling


tired and poisoned by yellow jacket stings,
go for a hard run through the ripe dark July night,
strides shortened, quickened,
lap by ill-lit lap
in rain-plowed sand
that tightens a muscle against the pull of a worn shoe,
circling the pale glow of Little League baseball field,
enamored by the plink of metal bats,
the hearty high-pitched cheers,
circling as they circle a tauter diamond
in a high geometry of runs;
eighteen-fifteen the park announcer drawls
and I am drawn to the memory of my own Little League experience playing that 60's cinema
as I suck humidity by the round ball court
where rapper wannabes
work their slant rhymes and turnover dribbles,
and a tired backboard shivers.

Leaving now, I consider
the perfect orange moon
hanging for a moment on the light pole
above silent horseshoe pits,
and just for one splendid moment
I have that home run feeling again.

 


[headlines]

--------------------------------------------------------------


Sports Briefs----

Arnold Palmer, the Magnetic Face of Golf in the ’60s, Dies at 87
http://www.nytimes.com/2016/09/26/sports/golf/arnold-palmer-dies-at-87.html?ref=sports

Palmer's impact will live forever
http://www.golfdigest.com/story/arnold-palmer-golfs-unquestioned-king-dies-at-age-87

The Best Palmer Photos
http://www.golf.com/photos/best-arnold-palmer-photos

Infographic: Palmer larger than life
http://www.espn.com/espn/feature/story/_/id/17639596/golf-remembering-arnold-palmer

Jose Fernandez was full of life and passion — and his death leaves South Florida numb
http://www.sun-sentinel.com/sports/miami-marlins/fl-hyde-jose-fernandez-column-0926-20160925-column.html

The death of this player was a death for us all
http://www.miamiherald.com/sports/spt-columns-blogs/dan-le-batard/article104096841.html

"Would You Believe A Home Run?" Dodgers Clinch N.L. West,
     Give Vin Scully One Final Walk-Off Call
http://screengrabber.deadspin.com/would-you-believe-a-home-run-dodgers-clinch-n-l-wes-1787066409

Wentz Impressive as Eagles Defeat Stealers
  34-3
http://bleacherreport.com/articles/2665818-steelers-vs-eagles-score-and-twitter-reaction-from-2016-regular-season

Ryan Fitzpatrick implodes in complete Jets fiasco
http://nypost.com/2016/09/25/ryan-fitzpatrick-implodes-in-complete-jets-fiasco/

Odell Beckham Jr. 'honestly shocked'
  he wasn't ejected in Josh Norman matchup
http://www.usatoday.com/story/sports/nfl/giants/2016/09/25/odell-beckham-josh-norman-giants-redskins/91094056/

Patriots' QB for Week 4 still up in the air
http://www.theredzone.org/BlogDescription/tabid/61/EntryId/58848/Patriots--QB-for-Week-4-still-up-in-the-air/Default.aspx

Seahawks WR Doug Baldwin Lays Out for Ridiculous
   1-Handed Catch vs. 49ers
http://bleacherreport.com/articles/2665797-seahawks-wr-doug-baldwin-lays-out-for-ridiculous-1-handed-catch-vs-49ers

49ers humiliated in 37-18 loss to Seahawks
http://www.sfgate.com/49ers/article/49ers-humiliated-in-37-18-loss-to-Seahawks-9283846.php

Colin Kaepernick joins protest by high school team
http://www.upi.com/Sports_News/2016/09/25/Colin-Kaepernick-joins-protest-by-high-school-team/4211474778783/

49ers anthem protest grows to eight players
http://www.sacbee.com/sports/nfl/san-francisco-49ers/article104105026.html#emlnl=Todays_Top_Stories

Raiders beat heat, Titans to move to 2-1
http://www.sfgate.com/raiders/article/Raiders-beat-heat-Titans-to-move-to-2-1-9283698.php

Chargers lose another one late
http://www.sandiegouniontribune.com/sports/chargers/sd-sp-chargers-20160925-story.html

Judge OKs Curt Schilling settlement over video game company
http://www.boston.com/sports/business/2016/09/23/curt-schilling-settlement 

NFL Wrap-Up/All the Scores
http://www.nytimes.com/2016/09/25/sports/nfl-scores-schedule.html

 


[headlines]
--------------------------------------------------------------


California Nuts Briefs---

Bulldozer Operator Injured In Soberanes Fire; Containment at 76%
http://patch.com/california/losgatos/s/fw765/bulldozer-operator-injured-in-soberanes-fire-containment-at-76

36 homes evacuated as wildfire grows in Sonoma County
http://www.sacbee.com/news/state/california/fires/article104127381.html

New report shows rents falling in San Jose and San Francisco
http://www.mercurynews.com/2016/09/25/new-report-shows-rents-falling-in-san-jose-and-san-francisco/

Bay Area wages soaring — but still can’t keep up with housing prices
http://www.mercurynews.com/2016/09/25/bay-area-wages-soaring-but-still-cant-keep-up-with-housing-prices/


[headlines]
--------------------------------------------------------------




“Gimme that Wine”

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

Leonetti pays tribute to Italian roots with new wines
http://www.greatnorthwestwine.com/2016/09/22/leonetti-pays-tribute-italian-roots-new-wines/

Recent legislation liberates wineries in Pennsylvania, New York
    and elsewhere

http://www.winesandvines.com/template.cfm?section=news&content=174926


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/

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

[headlines]
----------------------------------------------------------------

This Day in American History

 

    1655 - Peter Stuyvesant recaptures Dutch Foty Casimir from the Swedish in Delaware.
     1772 – New Jersey passes a bill requiring a license to practice medicine.
     1774 - Birthday of John Chapman (d. 1847), better known as Johnny Appleseed, at Leominster, MA.   Planter of orchards and friend of wild animals, he was regarded as a great medicine man by the Indians.  The remarkable career of Johnny Appleseed began about 1800. He moved to Pennsylvania, where he sold or gave away saplings and apple seeds to settlers moving west. Chapman then moved on to Ohio, sowing and giving away apple seeds en route. For more than 40 years, he traveled through Ohio, Indiana, and western Pennsylvania. He pruned trees he had previously planted and helped pioneers care for the orchards grown from his seeds. His work bore fruit, literally, over an area of perhaps 100,000 square miles. Chapman was ragged in dress and eccentric in his ways. He made his living selling the shoots of young Apple trees as the most popular drink, especially
over the winter, was hard apple cider.  He was more a businessman
than an environmentalist.  He was also an itinerant preacher, expounding his faith in the Church of the New Jerusalem, the religious organization that grew out of the teachings of Emanuel Swedenborg, the Swedish mystic whose teachings had been introduced to the U.S. in 1784 and whose empathy with the natural world apparently appealed to Chapman. During the War of 1812, Chapman traveled 30 miles to bring troops to Mansfield, Ohio, to forestall a raid by Indian allies of the British. Chapman also introduced and encouraged the raising of many useful medicinal herbs.
(lower half of: http://memory.loc.gov/ammem/today/sep26.html )
    1777 - Philadelphia was occupied by British forces under Gen. Howe. General George Washington realizes the war is going badly for the colonials.
http://memory.loc.gov/ammem/today/sep26.html
    1789 - Thomas Jefferson was appointed America's first Secretary of State; John Jay, the first Chief Justice of the United States; Samuel Osgood, the first Postmaster-General; and Edmund Jennings Randolph, the first Attorney General.
    1814 - With over 1,000 delegates from 17 churches, the Flint River Association was established -- the first official Baptist organization of its kind in the history of Alabama.
    1835 - The Suwanee Association was formed in Florida. Comprised of eight member churches, it was the first official Baptist organization in Florida history.
    1871 - David Oliver Saylor of Allentown, PA, received a patent for American Portland cement. He perfected a process for making hydraulic cement from argillo magnesium and argillo calcareous limestone. European cement was regarded as superior and it was not until 1897 that the use of American cement exceeded the use of cement imported from Europe. It was primarily brought in from Portland, England as ballast aboard ships.
    1881 – Birthday of Hiram Wesley Evans (d. 1966), Imperial Wizard of the KKK (1922-1939), Ashland, AL.
    1887 - Emile Berliner, a 36-year-old German immigrant living in Washington DC, applies for a patent on his invention, the gramophone. The machine was the first to play flat discs as opposed to Thomas Edison's wax cylinder apparatus. The patent would be granted in November.
    1888 - Birthday of T.S. Eliot (Thomas Stearns Eliot), Nobel prize winner, poet, playwright and critic, at St. Louis, MO. “There never was a time,” he believed, “ when those that read at all, read so many more books by living authors than books by dead authors; there never was a time so completely parochial, so shut off from the past.” Eliot died at London, England, January 4, 1965.
    1890 – The US Mint stops minting the $1 and $3 gold coins and the 3 cent piece.
    1892 - The ‘King of Marches' was introduced to the general public. John Philip Sousa and his band played the "Liberty Bell March" in Plainfield, New Jersey. Most of his compositions were written in Great Lakes, Illinois, where his Navy marching band was based.
    1896 – Cleveland’s Jesse Burkett finished the season at .410, thus becoming the first player to hit .400 in consecutive seasons.
    1898 – Composer and pianist George Gershwin’s (d. 1937) birthday in Brooklyn.  He had a varied, stellar career writing concertos, movie themes and scores, and for television. 
http://www.ffaire.com/gershwin/
    1907 - After Cleveland’s Addie Joss fired a one-hitter against the Highlanders yesterday, teammate Heinie Berger matched him today, also against hapless New York. This is the second time this century that teammates have thrown back-to-back one-hitters.
    1908 - An ad for the Edison Phonograph appeared in "The Saturday Evening Post". The phonograph offered buyers free records by both the Democratic and Republican U.S. presidential candidates!
    1914 - Federal Trade Commission formed.  Its principal mission is the promotion of consumer protection and the elimination and prevention of anticompetitive business practices, such as monopolies.  This was one of President Woodrow Wilson’s major legislative initiatives against trusts during this progressive era in American history.
    1914 – Jack LaLanne’s (d. 2011) birthday in San Francisco.  Born Henri Francoise LaLanne, he was a fitness, exercise, and nutritional expert and motivational speaker who is sometimes called "the godfather of fitness" and the "first fitness superhero.  In 1936, he opened what is considered the nation's first health and fitness club in Oakland that grew into a national chain that he sold to Bally Fitness.  Among his many feats of strength:  In 1979 at age 65, he towed 65 boats in a lake near Tokyo. He was handcuffed and shackled, and the boats were filled with 6,500 lbs. of wood pulp.  LaLanne who often said, “I'd hate dying; it would ruin my image,” died of pneumonia at age 96 in Morro Bay, CA.
     1918 - The “Battle of Meuse,” Argonne Forest. As part of four major efforts to break the Hindenburg line, a Franco-American offensive began on this date, with the US First Army striking between the Meuse River and the Argonne Forest and the French Fourth Army to their west. After four taxing weeks of attack, the Germans were gradually pushed back. By Oct 31, the Americans had advanced 10 miles, the French had reached the Aisne River 20 miles away and the Argonne Forest was rid of the Central Power forces. This was the final great battle of World War I.
    1918 – Birthday of TV ghoul, John Zacherle in Philadelphia.  Known for his long career as a television horror show host, broadcasting horror movies on TV in Philadelphia and New York City in the 1950s and 1960s, mostly on Friday nights.  “Shock Theater” and “Chiller Theater” were among the favorites of the day in that time slot.
    1919 - President Wilson actually suffered a stroke while traveling to Wichita, Kansas from Pueblo, Colorado. His national tour was halted and he was taken back to Washington, DC. History was changed as the seriousness of Wilson's condition was not made public, even to his immediate cabinet. For quite a period of time, Mrs. Wilson with a few key people kept his disabilities a secret.  Legislation did not happen, foreign policy was greatly affected, and Wilson's ability to communicate with the public was gone. The presidential election of 1920 was in part a referendum on whether the U.S. should join the League of Nations. Its main proponent was too incapacitated to continue and all the opponents had a field day. The Democratic nominee, James M. Cox, pledged to do his best to take American into the League, but found little support or backing, even from his own party, due to the indecision by the many factions. The Republican platform straddled the issue; candidate Warren G. Harding did not seem to feel strongly either way (ironically, he would die in San Francisco from a heart attack, August 2, 1923). Harding's election was an indicator that the American people wanted to forget the war. They rejected Woodrow Wilson's idealism and returned to everyday pursuits. This was the first presidential election in which women could vote, and they apparently voted the same way as the men---overwhelmingly Republican.  The saying that “We gave the women the vote, and they voted for handsome Warren G. Harding,” a well-known womanizer at the time, haunted the female vote for years. http://www.doctorzebra.com/prez/t28.htm
http://www.americanpresident.org/kotrain/courses
/WW/WW_Foreign_Affairs.htm

    1921 – Babe Ruth, on his way to a record-setting 59, hits home runs 57 and 58 to beat Indians 8-7. 
    1925 - Texas Governor Pat Neff pardons folksinger Leadbelly after receiving a song from the singer seeking his freedom.  Leadbelly was released after serving the minimum seven years of a 7-to-35-year sentence for killing one of his relatives in a fight over a woman.
http://www.kirjasto.sci.fi/ledbelly.htm
http://www.tsl.state.tx.us/governors/personality/neff-p01.html
http://www.lnstar.com/mall/txtrails/waco.htm
    1925 – Country and rock ‘n’ roll singer, songwriter Marty Robbins (d. 1982) was born in Glendale, AZ.  Among his many hits are “A White Sport Coat and a Pink Carnation”, “My Woman, My Woman, My Wife”, “Don’t Worry”, “El Paso”. 
    1926 - Gene Tunney won the heavyweight championship by taking a unanimous 15-round decision from Jack Dempsey, the champion since 1919. Tunney defeated Dempsey in a rematch, won one more fight and then retired.
    1926 – Birthday of singer, actress Julie London (Peck) (d. 2000) in Santa Rosa, CA.  Her hits included “Cry Me a River” and she starred in “Emergency” on TV. 
    1926 – The Majors’ shortest double header was played with the Yankees, having clinched the pennant, losing 6-1 in 72 minutes and again 6-2 in 55 minutes to the St. Louis Browns.  That was before TV brought us 3+ hour games.
    1934 – Britain launches HMS Queen Mary.
    1936 - Denver, CO, was buried under 21.3 inches of snow, 19.4 inches of which fell in 24 hours. The heavy wet snow snapped trees and wires causing seven million dollars damage. (26th-27th)
    1937 - Bessie Smith, 43, one of the world's great jazz singers, dies in Clarksdale, Miss., from an auto accident. The closest hospital refused to admit her because she was black.
    1937 – Film producer Jerry Weintraub (d. 2015) was born in Brooklyn.  His producing credits include “Nashville,” “Diner,” “Happy New Year,” “The Karate Kid,” “Oh, God,” “National Lampoon’s Vegas Vacation,” and the remake of “Ocean’s Eleven.”  Prior to his film career, he managed singers Frank Sinatra, Elvis, and John Denver.
    1939 - Birthday of singer Tina Turner, Brownsville, TN
http://www.tina-turner.com/
    1944 - Top Hits
“I'll Walk Alone” - Dinah Shore
“Is You is or is You Ain't” - Bing Crosby & The Andrews Sisters
“I'll Be Seeing You” - Bing Crosby
“Smoke on the Water” - Red Foley
    1947 – Lynn Anderson (d. 2015), country singer and songwriter, was born in Grand Forks, ND. Dozens of her songs crossed over into mainstream fame.  Her “I Never Promised You a Rose Garden” went gold and won the Grammy for best female vocal. Her mother is Liz Anderson, a country singer and songwriter in her own right. Liz wrote Lynn’s famed “Ride, Ride, Ride” (1966) and had her songs recorded by top male vocalists in the business.
    1948 – Birthday of singer Olivia Newton-John, Cambridge, England.  She is a four-time Grammy Award winner who has amassed five number-one and ten other Top Ten Billboard Hot 100 singles, and two number-one Billboard 200 solo albums. Eleven of her singles (including two platinum) and fourteen of her albums (including two platinum and four double platinum) have been certified gold by the RIAA. She has sold an estimated 100 million records, making her one of the world’s best-selling music artists of all-time.  She starred in “Grease,” which featured one of the most successful soundtracks in Hollywood history.
http://www.onlyolivia.com/onj.html
    1949 - Jane Graves Smiley’s birthday, Los Angeles.  U.S. novelist and Pulitzer Prize winner. She won the Pulitzer honor for her devastating “One Thousand Acres” that was later made into a movie, but is best known for her novel “Moo” which has almost become a cult favorite. Her mother was also a writer and journalist.
http://books.guardian.co.uk/departments/generalfiction/
story/0,6000,1010668,00.html

http://www.randomhouse.com/features/smiley/qna.html
    1950 - Residents of the northeastern U.S. observed a blue sun and a blue moon, caused by forest fires in British Columbia.
    1950 - OBREGON, EUGENE ARNOLD, Medal of Honor.
Rank and organization: Private First Class, U.S. Marine Corps, Company G, 3d Battalion, 5th Marines, 1st Marine Division (Rein.). Place and date: Seoul, Korea, 26 September 1950. Entered service at: Los Angeles, Calif. Born: 12 November 1930, Los Angeles, Calif. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving with Company G, in action against enemy aggressor forces. While serving as an ammunition carrier of a machine gun squad in a marine rifle company which was temporarily pinned down by hostile fire, Pfc. Obregon observed a fellow marine fall wounded in the line of fire. Armed only with a pistol, he unhesitating dashed from his covered position to the side of the casualty. Firing his pistol with 1 hand as he ran, he grasped his comrade by the arm with his other hand and, despite the great peril to himself dragged him to the side of the road. Still under enemy fire, he was bandaging the man's wounds when hostile troops of approximately platoon strength began advancing toward his position. Quickly seizing the wounded marine's carbine, he placed his own body as a shield in front of him and lay there firing accurately and effectively into the hostile group until he himself was fatally wounded by enemy machine gun fire. By his courageous fighting spirit, fortitude, and loyal devotion to duty, Pfc. Obregon enabled his fellow marines to rescue the wounded man and aided essentially in repelling the attack, thereby sustaining and enhancing the highest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
    1952 - Top Hits
“You Belong to Me” - Jo Stafford
“Wish You Were Here” - Eddie Fisher
“Half as Much” - Rosemary Clooney
“Jambalaya (On the Bayou)” - Hank Williams
    1953 - The Ames Brothers' "You You You" hits #1
    1953 – Billy Hunter becomes the last St. Louis Brown to homer in a game.  The following year, the team was moved to Baltimore and became the Orioles.
    1954 - In his second start, rookie Brooklyn lefty Karl Spooner shut out Pittsburgh, 1-0. He fanned 12 for a total of 27 strikeouts in his first two Major League games, establishing a new record. Arm problems would render 1955 as his final season in the Majors.
    1955 - Debbie Reynolds married singing idol Eddie Fisher. The couple made it through four tempestuous years. Fisher gave her up for Elizabeth Taylor, and also “Jump the Shark” on his career.
    1956 - Fats Domino's "Blueberry Hill" enters the US Pop chart, where it will reach number four.
    1956 - The mayor of Tupelo, MS declares today Elvis Presley Day in honor of its favorite son; among others, a young Tammy Wynette is in the audience at the concert Elvis gives later.
    1957 - "West Side Story" opened in at the Winter Garden Theatre, New York. The musical ran for 734 performances. The loose adaptation of William Shakespeare's "Romeo and Juliet" produced several hit songs, including "Maria" and "Tonight."
http://www.imagi-nation.com/moonstruck/albm28.html 
http://www.wsu.edu/~brians/love-in-the-arts/west.html 
http://www.westsidestory.com/
    1960 - The first of four television debates between Richard Milhous Nixon, the Republican candidate, and John Fitzgerald Kennedy, the Democratic candidate, took place today in a Chicago studio; the second on October 8 in a Washington, DC, studio; the third of October 13, with Kennedy in New York City and Nixon in Hollywood, CA; and the fourth on October 21, in a New York city studio.  Many credit his performance in these debates as a major reason for JFK’s victory in November.
    1960 - Top Hits
“My Heart Has a Mind of Its Own” - Connie Francis
“Chain Gang” - Sam Cooke
“Mr. Custer” - Larry Verne
“Alabam”- Cowboy Copas
    1960 - Connie Francis becomes the first female singer in the Rock and Roll era to have two consecutive number one singles when "My Heart Has a Mind of Its Own" went to the top of the Billboard chart. It followed "Everybody's Somebody's Fool."
    1961 – New York Yankees’ Roger Maris hit his 60th home run of the season to tie Babe Ruth's record. Maris's homer came off pitcher Jack Fisher of the Baltimore Orioles in the Yankees' 159th game.  Long considered one of baseball’s most treasured records, Maris became a villain in New York for approaching and now tying the great Bambino.  Earlier in the season, Commissioner Ford C. Frick, a sports writing friend of The Babe, declared that the record, if not set within the 154 games of Ruth’s 1927 season, would be asterisked.  In 1961, the expansion of MLB to include the Los Angeles Angels and the Washington Senators, who had moved to become the Minnesota Twins, expanded the regular season schedule to 162 games.  Considering the fact that those who have since hit more than 61 in a season have been tainted as users of PEDs, many purists still consider Maris to be the legitimate record-holder.
    1961 - Folksinger Bob Dylan lands his first major gig, opening for the Greenbriar Boys for two weeks at Gerde's Folk City in New York. Critic Robert Shelton of the New York Times says of today's performance: "Bob Dylan is one of the most distinctive stylists to play in a Manhattan cabaret in months... there is no doubt that he is bursting at the seams with talent... Mr. Dylan's voice is anything but pretty... a searing intensity pervades his songs. Mr. Dylan's highly personalized approach toward folk song is still evolving." This review essentially launches Dylan's career.
    1962 - “The Beverly Hillbillies” premieres on TV. This half-hour comedy was one of the most successful “rural” comedies on TV.  In addition, according to Nielsen, the eight most-watched half-hour shows are episodes of this series. “The Beverly Hillbillies” was about an Appalachian man, Jed Clampett (Buddy Ebsen) who found oil on his property, so he moved his family to a better life in Beverly Hills, CA. Most of its jokes were based on its fish-out-of-water premise. Also in the cast were Irene Ryan as Granny, Jed's mother-in-law, Donna Douglas as his daughter Elly May, Max Baer, Jr as his nephew Jethro Bodine, Raymond Bailey as neurotic Milburn Drysdale, Jed's neighbor and the owner of the bank where Jed kept his money, Nancy Kulp as Jane Hathaway, Drysdale's secretary and right-hand woman, and Harriet MacGibbon as Margaret Drysdale, Milburn's wife.
    1963 - San Diego, CA, reached an all-time record high of 111 degrees. Los Angeles hit 109 degrees.
    1964 - Roy Orbison's "Oh, Pretty Woman" reaches the top of the Billboard Hot 100. It would be the last of a string of nine straight Top Ten records for The Big O.
    1964 - “Gilligan’s Island” premiered. This series was about seven people who set sail aboard the Minnow for a three-hour tour and became stranded on an island. They used the resources on the island for food, shelter and entertainment. The cast included Bob Denver as Gilligan, Alan Hale, Jr, as the Skipper Jonas Grumby, Jim Backus as Thurston Howell Ill, Natalie Schafer as Mrs. “Lovey” Howell, Russell Johnson as the Professor Roy Hinkley, Dawn Wells as Mary Ann Summers and Tina Louise as Ginger Grant, the movie star. Denver was not the first choice to play Gilligan; actor Jerry Van Dyke was offered the role, but he turned it down, believing that the show would never be successful. He chose instead to play the lead in “My Mother the Car,” which premiered the following year and was cancelled after one season. By the way, no first name of Gilligan was mentioned in
any of the 98 episodes. The last telecast aired on Sept 4, 1967.  The eternal question that endures, “Ginger or Mary Ann?”
http://bobdenver.com/
http://www.sitcomsonline.com/gilligansisland.html  
    1965 - CAPTAIN HUMBERT R. VERSACE, UNITED STATES ARMY: Medal of Honor.  For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty: Captain Hubert R. Versace distinguished himself by extraordinary heroism during the period of 29 October 1963 to 26 September 1965, while serving as S-2 Advisor, Military Assistance Advisory Group, Detachment 52, Ca Mau, Republic of Vietnam. While accompanying a Civilian Irregular Defense Group patrol engaged in combat operations in Thoi Binh District, An Xuyen Province, Captain Versace and the patrol came under sudden and intense mortar, automatic weapons, and small arms fire from elements of a heavily armed enemy battalion. As the battle raged, Captain Versace, although severely wounded in the knee and back by hostile fire, fought valiantly and continued to engage enemy targets. Weakened by his wounds and fatigued by the fierce firefight, Captain Versace stubbornly resisted capture by the over-powering Viet Cong force with the last full measure of his strength and ammunition. Taken prisoner by the Viet Cong, he exemplified the tenets of the Code of Conduct from the time he entered into Prisoner of War status. Captain Versace assumed command of his fellow American soldiers, scorned the enemy's exhaustive interrogation and indoctrination efforts, and made three unsuccessful attempts to escape, despite his weakened condition which was brought about by his wounds and the extreme privation and hardships he was forced to endure. During his captivity, Captain Versace was segregated in an isolated prisoner of war cage, manacled in irons for prolonged periods of time, and placed on extremely reduced ration. The enemy was unable to break his indomitable will, his faith in God, and his trust in the United States of America. Captain Versace, an American fighting man who epitomized the principles of his country and the Code of Conduct, was executed by the Viet Cong on 26 September 1965. Captain Versace's gallant actions in close contact with an enemy force and unyielding courage and bravery while a prisoner of war are in the highest traditions of the military service and reflect the utmost credit upon himself and the United States Army.
    1965 - Queen Elizabeth II presents the Beatles with the Order of the British Empire, recommended by Prime Minister Harold Wilson, who said later: "I saw the Beatles as having a transforming effect on the minds of youth, mostly for the good. It kept a lot of kids off the streets." The Beatles, who reportedly get high in a bathroom before the event, are said to be delighted, though many older and more conservative honorees return their honors in protest. John Lennon later gives his back, protesting "the war in Vietnam and also 'Cold Turkey' slipping down the charts."
    1968 - Top Hits
“Harper Valley P.T.A.” - Jeannie C. Riley
“Hey Jude” - The Beatles
“Hush” - Deep Purple
“Mama Tried” - Merle Haggard
    1968 – “Hawaii Five-O” debuts as an hourly program on CBS, starring Jack Lord as Detective Lieutenant Steve McGarrett, the head of a special state police task force which was based on an actual unit that existed under martial law in the 1940s.  James Mc Arthur played Danny Williams, to whom McGarrett would command, ‘Book ‘em, Danno, murder one!’.  The cast included ‘Squirmin’ Herman Wiedemeyer as Duke, Kam Fong as Chin Ho Kelley, and Zulu as Kono.  The show lasted until April 4, 1980 and was revived in 2010.  The show has been revived on CBS, premiering on Sep 20, 2010 and will run for a seventh season beginning 2016.  The expanded cast includes Alex O’Loughlin as McGarrett, Scott Caan as Danno, Danile Dae Kim as Chin Ho Kelly, Grace Park as Kono and Chi McBride as Capt. Lou Grover.  Same great photography, writing and theme!
http://www.epguides.com/HawaiiFiveO/
http://us.imdb.com/Title?0062568
    1969 - The Beatles' 13th album, “Abbey Road,” was released in the United Kingdom. The album zoomed to number one on the record charts and stayed there for 11 weeks. It was the last album the Beatles made together.
    1969 - “The Brady Bunch.” This popular sitcom starred Robert Reed as widower Mike Brady who has three sons and is married to Carol (played by Florence Henderson), who has three daughters. Housekeeper Alice was played by Ann B. Davis. Sons Greg (Barry Williams), Peter (Christopher Knight) and Bobby (Mike Lookinland) and daughters Marcia (Maureen McCormick), Jan (Eve Plumb) and Cindy (Susan Olsen) experienced the typical crises of youth. The program steered clear of social issues and portrayed childhood in a time of innocence. The last episode was telecast on Aug 30, 1974. The program continues to be popular in reruns in the after-school time slot. There were also many spin-offs: “The Brady Kids” (1972—74), a Saturday morning cartoon; “The Brady Bunch Hour” (1976—77), a variety series; “The Brady Brides” (1981), a sitcom about the two older daughters adjusting to marriage and “The Brady's” (1990), a short-lived dramatic series. “A Very Brady Christmas” (1988) was CBS's highest rated special for the season. In 1995, “The Brady Bunch Movie” appealed to fans who had watched the program 25 years before.
    1969 - Legendary promoter Bill Graham opens the Fillmore West, a West Coast version of his popular New York "rock ballroom," in San Francisco.
    1970 - Santa Ana winds brought fires to Los Angeles County and to points south and east. Half a million acres were consumed by the fires, as were 1000 structures. Twenty firemen were injured. (25th-29th)
    1970 - Motown announces that its newest singing sensation, The Jackson 5, have sold ten million records worldwide in just nine months.
    1970 - Returning to Abbey Road studios in London, ex-Beatle John Lennon begins work on his first proper solo album, “John Lennon / Plastic Ono Band.”
    1975 – “The Rocky Horror Picture Show,” starring Tim Curry, Susan Sarandon, and a young unknown singer who goes only by the name of Meat Loaf, opens in Westwood, CA. A film version of the popular off-Broadway musical hit, it is an instant flop nationwide, and is miraculously resuscitated some time later when audiences at the midnight showings in New York City begin to talk back to the screen, creating a cult phenomenon that lasts to this day.
    1976 - Boulder, Colorado's Firefall saw their song "You Are the Woman" enter the Billboard chart on its way to #9. They would place five more songs in the Top 40, including "Just Remember I Love You" (#11 in 1977) and "Strange Way" (#11 in 1978).
    1976 - Top Hits
“Play That Funky Music” - Wild Cherry
“I'd Really Love to See You Tonight” - England Dan & John Ford Coley
“A Fifth of Beethoven” - Walter Murphy & The Big Apple Band
“If You've Got the Money, I've Got the Time” - Willie Nelson
    1978 - NY District Court Judge Constance Baker Motley rules that women sportswriters cannot be banned from locker rooms of professional sports teams.
    1979 - In the midst of a hot September for Death Valley, California, the afternoon high was 104 degrees for the second of three days, the coolest afternoon highs for the month.
    1981 - Nolan Ryan of the Houston Astros became the first pitcher to throw five career no-hitters. He blanked the Los Angeles Dodgers, 5-0, at the Astrodome. Ryan ended his career with seven no-hitters, the all-time record by far.
    1981 – Birthday of tennis great Serena Williams in Saginaw, MI
    1982 - “Knight Rider” premieres. David Hasselhoff starred in this one-hour adventure series about a copy who was nearly killed, then brought back to live with a new identity (Michael Knight) by a mysterious millionaire. Together with a car that talked, a Pontiac Trans Am called KITT (Knight Industries Two Thousand), Knight had various adventures.  Other cast members included Edward Mulhare as Devon Miles, aid to the deceased millionaire, Patricia McPherson as mechanic Bonnie Barstow, Rebecca Holden as April Curtis, William Daniels as the voice of KITT, and Peter Parros as Reginald Cornelius III, truck driver/chauffeur for KITT.
    1983 – St. Louis Cardinals’ Bob Forsch throws his second career no-hitter, beating the Montreal Expos, 3-0.
    1984 - Liz Taylor starred in the season opener of the TV soap, "Hotel." Despite incredibly biting bits from John Belushi on NBC's "Saturday Night Live" regarding her plumpness at the time, viewers were quite amazed when Ms. Taylor appeared in a gown -- with a 24-inch waistline. Definitely no more, “I followed Liz Taylor to McDonald's to watch the numbers change,” from Joan Rivers.
    1984 - Top Hits
“Missing You” - John Waite
“Let's Go Crazy” - Prince & The Revolution
“Drive” - The Cars
“Let's Chase Each Other Around the Room” - Merle Haggard
    1984 - Paul Anka is awarded a star on the Hollywood Walk of Fame at 6840 Hollywood Blvd.
    1985 - Shamu was born at Sea World at Orlando, FL and is the first killer whale born in captivity to survive. The original Shamu was captured in October 1965 and died in August 9, 1971 after about six years in captivity.  After her death, the name Shamu continued to be used in SeaWorld “Shamu” orca shows for different killer whales in different SeaWorld parks.
    1986 - "Dallas", on CBS-TV, smashed NBC's "Miami Vice" in the overnight ratings. The episode, from Southfork Ranch, had Bobby Ewing (Patrick Duffy) returning from the dead -- in the shower, no less! Pam Ewing (Victoria Principal) was a bit perplexed. So were the viewers. Somebody had stayed up very, very late writing this episode.
    1987 - Whitney Houston's fifth consecutive #1 U.S. single hit the top. "Didn't We Almost Have It All" was a cut from her LP, "Whitney", which was number one on the album charts from June 27 to Sep 11 that year.
    1987 - Freezing temperatures were reported in the Northern and Central Appalachians, and the Upper Ohio Valley. The morning low of 27 degrees at Concord, NH tied their record for the date. Temperatures soared into the 90s in South Dakota. Pierre, SD reported an afternoon high of 98 degrees.
    1988 - Unseasonably warm weather prevailed across Florida. Afternoon highs of 92 degrees at Apalachicola and 95 degrees at Fort Myers were records for the date
    1988 - NYC's Rockefeller Center declared a national landmark.
    1989 - Rain spread from the southeastern states across New England overnight. Cape Hatteras, NC reported measurable rainfall for the fourteenth straight day, with 15.51 inches of rain recorded during that two week period. Phoenix, AZ reported a record high of 108 degrees, and a record 134 days of 100 degree weather for the year. Afternoon temperatures were only in the 40s over parts of northwest Wisconsin and Upper Michigan.
    1991 - A group of scientists, four men and four women began a two-year stay inside "Biosphere 2", a sealed structure in Oracle, AZ. They had planned to have no contact with the outside world; to grow their own food and live peacefully together as future pioneers in a harsh and alien world. Unfortunately, the outside world had to intervene a few times; to get rid of an ant invasion, to pump in oxygen, to tend to a health emergencies, to bring in forgotten necessities like makeup. The scientific team managed to last out the term, but they were half-crazy and half-starved when U.S. marshals led them out two years later.
    1993 – Seattle Mariners’ Randy Johnson records his 300th strikeout for the season.
    1996 – SF Giants’ Barry Bonds becomes the 2nd player to hit 40 home runs and steal 40 bases.
    1996 - U.S. astronaut Shannon Lucid returns to Earth in the U.S. space shuttle Atlantis following six months in orbit aboard the Russian space station Mir. On March 23, 1996, Lucid transferred to Mir from the same space shuttle for a planned five-month stay. A biochemist, Lucid shared Mir with Russian cosmonauts Yuri Onufriyenko and Yuri Usachev and conducted scientific experiments during her stay. She was the first American woman to live in a space station. Beginning in August, her scheduled return to Earth was delayed by more than six weeks because of last-minute repairs to the booster rockets of Atlantis and then by a hurricane. Finally, on September 26, 1996, she returned to Earth aboard Atlantis, touching down at Edwards Air Force Base in California. Her 188-day sojourn aboard Mir set a new space endurance record for an American and a world endurance record for a woman.
    1998 - With a 6-1 win over the Devil Rays, the Bronx Bombers set an AL record with their 112th win. The 1906 Cubs, who went 116-36, were the only team with more victories than the 1998 Yankees.  The Yanks went on to win 114 games, a record that lasted until the Seattle Mariners won 116 in 2001.  The Yankees’ total of 125 wins, including the playoffs and World Series, are a season record.
    1998 - By hitting a 462-foot blast at the Astrodome, Sammy Sosa hits #66 (and his final homer of the season) to take the lead in the HR race. Less than an hour later, however, Mark McGwire also hits his 66th in the Cardinals' 6-5 victory over the Expos to tie the Cub outfielder in the historic home run race.
    1998 - Ken Griffey, Jr. hits his league-leading 56th homer of the season and 350th of his career becoming the youngest player ever to reach the 350 mark.
    2007 - As the result of an internet poll conducted by Marc Ecko, who owns the historic horsehide, the record-breaking 756th home run baseball belted by Barry Bonds, will be donated to the Baseball Hall of Fame branded with an asterisk. The fashion designer, who made the announcement on the 'Today' show, revealed 47% voted for the ball to be marked with another 34% voting to donate it unchanged, and 19% elected to send the special sphere into outer space.
    2009 - Bronx native Sonia Sotomayor, the Supreme Court's newest member, throws the ceremonial first pitch at Yankee Stadium, a strike right down the middle of the plate, prior to watching her team defeat the Red Sox, 3-0. In 1995, Justice Sotomayor, as a U.S. District Judge, issued an injunction which led to ending the nearly eight month-long baseball strike.
    2013 - U.S. accountant Paul Konigsberg is charged for complicity in the Bernard Madoff Ponzi scheme that fell apart in 2008
    2013 - An agreement is made between the U.S. and Russia to draw up a UN Security Council resolution to eliminate chemical weapons in Syria

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(chronological order)

- PayNet Reports Soft July Business
   Echoing the ELFA MFLI-25 July Report
- Photos from CLFP Celebration Day
- Broker/Lessor Receives Early Payoff from Lessee
   But Doesn't Pay Funder for Three Months
- “To Do Broker or Not to Do Broker Business,”
   that is the Question?”
- Credit Signs by dun & bradstreet - Free Service
- They Don’t See a Nose Dive as Does CFO.com
   as Reported by the ELFA July MLFI-25
- Kyle Gilliam, CLFP, Appointed President
  BancorpSouth Equipment Finance
- Five Biggest Small Business Loan Mistakes
- George Davis Passes Away
- Top Five Leasing Company Websites
  in North America
- Alternate Finance Association Membership
- Dan Lee (1953- 2016) Obituary
   Response from Friends in Leasing & Finance
- Too Many Complaints about Leasing Companies
- National Funding Deploys $1.5 Billion
- Introducing Jeff Hilzinger, President and CEO/His Plans
- DealSafe---Control of Contractual Rights
- Big Banks Lose Near Half a Trillion Dollars
- Madison Capital eDoc Experience
- Ascentium Capital Reports Strong 2nd Quarter Growth
- Axis Capital Subject to Possible Receivership
- Bob New Passes Away
   Ran His Company 56 Years While Blind
- British Exit (or Better Known as "Brexit")
  U.S. Finance/Leasing Executive Reactions
- Balboa Capital Tagged for Quarterly Payment Scam
- Ascentium Capital Reaches Out for Growth
   Hires Goldman Sachs
- Learn Why First American Equipment Finance Has
  55 CLFPs, the Company with the Most in the Industry
- Confusion Regarding California Lender’s License Law
- New Funder Doing 12-Month Deals With Weekly Payments
- Auto Leasing to Grow by Allan Levine
- Loan Brokers Unite! Support the Industry
- Why Operating Leases Will Come Back - Explained
- Good Times Are Ahead for Equipment Leasing
CLFP Foundation Adds 36 New CLFP's
- Chart - Three US Companies Hoarding the Most Cash
- California Licensed Brokers CAN Send Deal to Banks
- The Housing Crisis Is Great News for America
- Major Changes Coming in Bank, Finance, Leasing Regulations
- It's Not the United States with Highest Income Tax
- California Department of Business Oversight Confirms
that Brokers Need Licenses and Lessors Can’t Pay Unlicensed Brokers
- Signs of a Chill in Fintech Funding?
- What Happened to the $11.4 Million
   in the IFC Credit Bankruptcy “Approved Disbursements?”
- Balboa Capital Tagged for Bait and Switch
  on Lease Payoff Quote
- Alert: Dallin Hawkins Making Rounds Again
   Bulletin Board Complaints
- FinTech #102  by Christopher Menkin
   Menkin has an Epiphany
- Alternate Finance Companies - Subprime
- FICO Score: Excellent to Bad
- Nearly a Third of Lending Club Borrowers’ Income Is ‘Not Verified’
- “Lending Club Sends up a Red Flare”
- Reaction to "Lending Club Sends up a Red Flare"
- OnDeck Crashes As Online Lending Sector Struggles
- Is DLL Leasing Really Up for Sale?"
- Year-End Leasing and Finance Association Membership
- Equipment Leasing and Finance Association and
   CLFP Foundation Announce Collaboration
- New Study Identifies Companies Most Impacted
   by New FASB and IFRS Lease Accounting Rules
- The top 50 brands in Quick Service and Fast Casual
- Charlie Chan on Balboa Capital
- Reader Complaint About LEAF Financial Investment (Collection)
- How to be a “Leasing Expert Witness”
    and Make Extra Income
- 2014 Survey Reports Expert Witness Hourly Fees
    Record All-Time Highs
- Your Photograph on LinkedIn.com
Use a Password Generator
- Banks Turn Toward Leasing for More Profit
- Why Leasing News is Different
- Take Your Banker to Lunch
- Lease Police Tips on Judging Vendors
- Alert: Rudy Trebels Back Soliciting Broker Business
- HL Leasing/John Otto--Update
- NorVergence- Year end, 2013
- Twelve Lawyers Against Evergreen Clause Abuse
- Wants to Go After Lessors and Their Attorneys
   Re: Evergreen Clause Abuses
- Sample of Usury Laws in United States
- Balboa Capital Class Action Case Settled--$5 million?
- Old Cowboy On His Horse
- Leasing Brokers: When May You Collect a Commission?
- Balboa Capital, Irvine, California
   $20,543.22 Bulletin Board Complaint
   Alleged “Bait and Switch”
- Female Lease Finance Association Presidents
- Broker’s Responsibility to Obtain
    California Lender’s License
- The Day that Albert Einstein Feared May Have Finally Arrived
- Equipment Finance Agreements Explained/Barry S. Marks
- Royal Links "True Lease" Court Ruling
- "The Memory Shock" –New Book by Barry Reitman
- Jeff Taylor's Leasing Predictions, Spring, 2006
- New Case against Mazuma Capital and Republic Bank
  ---Automatic Evergreen Payment---PPR
- Charles Schwartz and Allied Health
- Copier Wars---It's more than the lease payment
    by Christopher Menkin
- Leasing Gypsies
- Verifying Tax Returns
- Special Report: Part I
   Could Church Kiosks, Royal Link Carts, NorVergence results been avoided?
   The use of “Equipment Finance Agreements”
- Special Report: Part II
    Bank of the West
   Equipment Lease Agreement (EFA)
- California License Web Addresses
- Settlement Costs vs. Litigation Costs