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Wednesday, April 7, 2010

Actor James Garner born April 7, 1928 Norman, Oklahoma, TV series ""Zane Grey Theater" (1956),"Cheyenne" (1955-1957) , "Maverick" (58 episodes, 1957-1960) (My late father Lawrence Menkin wrote several of the TV scripts for all three series)"Nichols" (24 episodes, 1971-1972) "Rockford Files" (122 episodes, 1974-1980) "Bret Maverick" (12 episodes, 1981-1982) "First Monday" (13 episodes, 2002) "8 Simple Rules... for Dating My Teenage Daughter" (45 episodes, 2003-2005) and numerous other TV shows, revivals, movies "Darby's Rangers," "Up Periscope," "Cash McCall," "The Great Escape,""Marlowe." Trivia: Part Cherokee Indian


Benchmark Financial Groups, LLC, Aliso Viejo, CA
 Bulletin Board Complaint
  Classified Ads---Sales
 Bob Fisher No Longer at Main Street Bank
   by Christopher “Kit” Menkin
  Mike Hoffman, Main Street Bank Former President
 March ZRG Group Employment Index Up
  Cartoon—All you need in life
   Classified Ads---Help Wanted
Leasing Associations Remain Optimistic
  although membership down considerably
Sales make it Happen—by Christopher Menkin
 “Get Yourself a Warehouse Line”
   Classified ads—Back Office
 Veterans Gaining with Franchise Ownership
  Tax Preparer Gets Two 12 Months/One Day
 Bothell, Washington Adopt-a-Dog
News Briefs---
 Court Says FCC Cannot Require ‘Net Neutrality’
  More signals pointing to economic recovery
   Upbeat Signs Revive Consumers’ Mood for Spending
    Rental car industry starts to emerge
     FTC's Report on Collections Law Is Incomplete
 John G. McCoy, Innovator in Banking, Dies at 97
  'Dancing' twirls past 'American Idol' for 1st time
Relax, We’ll Be Fine---David Brooks
  You May have Missed---
   California Nuts Brief---
    Sports Briefs---
  "Gimme that Wine"
    Today's Top Event in History
     This Day in American History
       Basketball Poem
          Daily Puzzle
   Weather, USA or specific area
     Traffic Live----

######## surrounding the article denotes it is a “press release”


Benchmark Financial Groups, LLC, Aliso Viejo, CA
Bulletin Board Complaint

From the series of emails, it appears MedSource, Layton, Utah has a legitimate complaint for the Leasing News Bulletin Board regarding the return of $3,284.46 for first payment and $199 document fee. He is also a repeat customer of Benchmark Financial, so his business of medical rentals is known.  The sequence of emails also substantiates his complaint:

December 29, 11:02Am email says contract shows contract being sent and asked to sign so funding can take place before the first of the year.

December 30, 11:51 he explains the nature of his business and equipment is rented out for 12 to 18 months to customers, and therefore a site inspection could not be made.

December 30, 3:31pm, salesman says he understands the situation and would like to have a site inspection made.

January 28, 1:50pm, says he hasn't heard from Benchmark and what is going on. He is confused.

January 28, 3:53pm, salesman says he didn't understand equipment was to be rented out, and now it would be considered a sale/leaseback, so he has asked his "HR" department to issue a refund.          

March 29,, 9:33pm, Marcus Davin says,” I’ll look into this tomorrow but it’s my understanding that you applied for financing, were approved, signed our non-cancelable agreement and then cancelled. Unless I’m mistaken and you have facts contrary to this, you are in default."

March 30, 2:49pm: "Marcus, I did not cancel. I sent an email to Rob on 12/30/09 that explained that the items that I wanted to finance had been received by MedSource and rented to patients. He replied that it was not a problem and that he understood the nature of our business. He also explained later that since the equipment was rented that I did not qualify for a sale lease back program and that a request for refund was submitted. I am a past customer of Benchmark and sincerely wanted this lease to be completed. I still would like it to be funded. After the documents were signed there was a delay in getting the funding. I called several times during the delay and was told that outside funding was not approved that I was only approved by the inside people and that Benchmarks policy was to get the first months payment to secure the deal before working on Securing Bank funding. The purpose for this, as explained, was to prevent customers from shopping to lease companies at once, wasting time for the broker. I did not shop and I was completely committed to Benchmark as a previous happy customer. Please follow through with Rob’s request for a refund, Richard Spainhower/MedSource"

Response from Benchmark Financial Groups:

“1) You do not report the facts nor the truth. You only report and post what you want and when provided with documentation clearly proving our side of the story, you do not report or post it. Very “Biased” Kit!

“2) You are a competitor and we will not discuss our transactions with you.

Marcus Davin
President & CEO
Benchmark Financial Groups, LLC.
Office: (949) 716-2100
Toll Free: (800) 680-3946
65 Enterprise
Aliso Viejo, CA 92656

MedSource/Benchmark eMails:

Response to being a competitor:

BBB Report: F (69 reports)

Benchmark Financial Groups is no longer a member of the National Association of Equipment Leasing Brokers.

Benchmark Financial Groups, Aliso Viejo, CA
Bulletin Board Complaint

Benchmark Financial Groups, Aliso Viejo, CA
Bulletin Board Complaint

Benchmark Financial Groups, Aliso Viejo, CA
Bulletin Board Complaint

Benchmark Financial Groups, Aliso Viejo, CA
Bulletin Board Complaint

Benchmark Financial Groups, Aliso Viejo, CA
Bulletin Board Complaint

Benchmark Financial Group, Aliso Viejo, CA
Bulletin Board Complaint

Benchmark Financial Group, Aliso Viejo , CA
Bulletin Board Complaint


Classified Ads---Sales

Boston, MA
Senior leader in companies of varying size and scope, including start-ups. My current focus is sales, as a leader or as an individual contributor.
Cherry Hill, NJ
College grad seeking entry level sales position for equipment leasing and financing in small to mid-size ticket markets. Have 6 months experience in the industry and self-motivated. Contact Matt at 609-280-2178 or
email at

Aggressive, competitive self-starter with vendor/direct equipment
leasing and asset-based lending experience. Success in business banking sales and financial planning.
Email: | Resume

Minneapolis, MN
16 years leasing experience from micro to large ticket market, variety of equipment. Most recently calling on vendor telecom dealers in Upper Midwest.

Montgomery, AL
Individual with 10 years advertising sales exp. & 7 years insurance sales exp. Wants independent contractor situation in Alabama.
Work with leasing company or broker.334-590-5133

Orange County, CA
20+ years in leasing sales & sales management.
Have estab. existing remote office with Lessee /Vender following.
Looking for a partnership w/funding source.

Philadelphia Metro Area - 30 Years experience Healthcare sales/ management- 3 years experience newly create "small-ticket" healthcare division. Good success - Mitch Utz 215-460-4483
Pittsburgh , PA
Aggressive self starter looking for leasing position w/10 plus yrs sales exp., plus banking experience 814-227-4592

Pittsburgh, PA
Over 25 years of leasing experience including Captive, Dealer, Broker, and Third Party. Multiple equipment types. Seeking a Territory or National Sales position.

San Francisco Bay Area:
Business Development “Hunter” with transferable book of business in multiple segments: commercial construction, technology, fitness, etc. Years of managerial experience: can also be a “player/coach”.

15 year lease vet looking for plact to take business.great references. all major equipment types. open to compensation. please contact if interested.

For a full listing of all “job wanted” ads, please go to:

Other e-Mail Posting Sites:


Bob Fisher No Longer at Main Street Bank
by Christopher “Kit” Menkin

Confirmed, Bob Fisher, CLP, is no longer Executive Vice-President, Leasing Division, Main Street Bank, Kingwood, Texas. The 63 year old ex-marine had a golden parachute, and may be retiring.

First, Main Street Bank is still doing equipment leasing, and is not out of the equipment leasing or finance business, according to one highly reliable source.

Leasing News has confirmed from several reliable sources that early March it was 42 leasing and finance personnel let go by the bank, not a "couple of salesmen," as Chairman and CEO Thomas J. Depping had originally explained in an interview.

It appears bank examiners did not like the lease yields and viewed them as indications of being subprime transactions. Reportedly what they did not like, according to several insiders, were the ten to fifteen year medical loans. It was not the credit, but the fact that they believe the Health Care Act is going to affect medical doctors income and ability to make payments, and many were made without collateral, just on credit alone, as a credit card instrument, but had ten to fifteen year terms, which reportedly was the number one concern by the regulators.

According to the most recently filed FDIC statement, December 31, 2009, Commercial and Industrial Loans have gone from $97.8 million year-end 2008 to $259.2 million year-end 2009. Leasing Receivables went down from $150.7 million to $127.4 million in the same time period.

Charges offs were $1.8 million compared to $3.4 million end of 2009 with net income attributable to the bank going from $2.1 million to $3.4 million. Tier 1 risk-based capital ratio was 11.21%

Accordingly Bob Fisher, CLP, was in charge of the direct business, and responsible for a reported $26 million on the books, all being paid as agreed with good yields, but too good and too much in one industry for the bank examiners, a well informed source told Leasing News.

It certainly seemed that perhaps the best credit man in the business had found the right home at Main Street Bank. The December 2, 2004 Press Release:

” Main Street National Bank, Kingwood, Texas announced that Robert “Bob” Fisher has joined the Bank as Senior Vice President – Broker, Lessor and Program Development.

“Fisher served as the 2002 President of the United Association of Equipment Leasing and has served as a UAEL board member for a number of years....”

“Tom Depping, Chairman of National Bank stated: ‘Bob Fisher will not only bring in a great deal of experience and knowledge to the Bank but he will bring a commitment to serve the leasing industry.” Depping went on to say, ‘Bob is going to be a big part of making Main Street Bank a national presence in the equipment leasing industry and truly ‘America's Small Business Bank'.”

Personally I started doing business with Bob Fisher non-recourse discounting as American Leasing when he was a credit manager at CIT back in the 1980's. As I remember, the operation moved, and the announcement of September 26, 1990 had him as “National Credit Manager” for Datronic Rental Corporation, Schaumburg, IL. Later the company became New Era Funding, moving to Hoffman Estates, Illinois, perhaps in 1993.

As I remember the story, the president or principal of Datronic Rental Corporation co-mingled funds with real estate transactions. He evidently was running the company as he wanted, considered it “his money,” and was shut down. It put several leasing companies out of business who were dealing with New Era, most notably the Perry Morris Company, run by brother and sister Jeff and Kris Morris (they are the ones who explained the situation at New Era to me, their viewpoint.)

Bob Fisher started Fisher-Anderson, LC, moving to Des Moines, IA, where his brother-in-law lived, as I remember. He brought Sandy Thrasher as vice-president of Credit him. Scott Anderson knew very little about equipment leasing. He spent three full days at American Leasing, Santa Clara, California, all day, and dinner with staff at night, seeing the entire operation. American Leasing did business with Fisher-Anderson.

The company grew, and according to a MarCap (their reported main line of credit) Press Release: “Fisher-Anderson is based in Des Moines, Iowa, is a small ticket leasing company with 40 employees.

A Capital Stream press release about Fisher-Anderson using their software the company had “...41 brokers, representing 25 and 30 small-to-$75,000) lease deals a day. In the five year history of the company, perhaps the number was an average of $50 million a year.

The same year he was president of UAEL, Bob resigned from Fisher-Anderson. February 28, 2002, he announced Scott Anderson would be winding down the company, that they had sold 100% interest to MarCap in December, 2001. He would be starting FireRock Capital.

The truth MarCap was getting out of certain aspects of the business.

There is more to the story, but let's leave it at that. MarCap took over the operation and Scott eventually moved to FireRock Capital.

April, 2003, Bob resigned as president of FireRock Capital to become sales manage for Douglas-Guardian, Houston, Texas (the company “... has been providing collateral control, inspection, and valuation services to secured lenders since 1932. Scott Anderson became president of the company.

MarCap’s portfolio was eventually sold to Tygris, who recently was purchased to operate as a division of EverBank Financial Corporation, Jacksonville, Florida.

Leasing News was not able to reach Mr. Fisher for an interview.


Mike Hoffman, Main Street Bank Former President

Several sources have told Leasing News that Mike Hoffman resigned as president of Main Street Bank. A spokesperson reached by telephone said he retired, and when asked if there would be a press release, responded: “No.”

Leasing News spoke to Mr. Hoffman the beginning of last month and there was no mention of retirement at the time, except that any information about the bank should not come from him but Chairman and CEO Thomas J. Depping.

Thomas J. Depping Office at Sierra Cities

Description from formation of the bank, June 3, 2005:
“Depping is joined in his senior management team by Mike Hoffman, who has been Chairman, CEO or President of a number of banks including First Heights Bank, First American Bank-Central, First of America Bank-Detroit, and First of America Bank-Southeast Michigan."

A telephone call to Mr. Depping was not returned, but late afternoon Leasing News received this email:
“Mike Hofmann is 67 years old and retired.  Is there a reason you won't let the man retire in peace?  He still works for the bank from time to time as a consultant.

“Bob Fisher left the bank when we discontinued the Healthcare Group.

“You are like a little old lady who does not have anything to do and wants to stir up gossip.

“Your pictures are twenty years old. My hair is gray and I have gained twenty pounds.”

Tom Depping
Chief Executive Officer
Main Street Bank

(Current Official Photo from Main Street Bank Web Site)


March ZRG Group Employment Index Up

First Quarter 2010 brings the first major increase in the Leasing Industry Hiring Index since October 2008.

The report notes, "the Leasing Industry index finally showed a substantial increase after months of stagnation," but at the same time, notes,” Leasing hiring is still trailing the macro hiring trends in the overall market by a few months."

ZRG states this may be a signal of "..the beginning of a new year with increased activity for employers who now must deal with 2010 plans and executing on initiatives. The new roles to be hired showed more balance towards business developments than in previous 2009 results.

"Additionally, the quantity of the jobs showed increased hiring across several key functional areas including sales, operations, credit and portfolio management. Accounting related roles also increased during the period. The next index report will be interesting to see if the level continues or the increase was a January bounce."

Copy of ZRG Group Newsletter:



Classified Ads---Help Wanted

Leasing Industry Help Wanted


Please see our Job Wanted section for possible new employees.


Leasing Associations Remain Optimistic
although membership down considerably

670 National Association of Equipment Leasing Brokers (NAELB)
490 Equipment Leasing and Finance Association  (ELFA)
215 Association of Government Leasing and Finance  (AGLFA)
184 National Equipment Finance Association (NEFA)

  3/31/10 2010 3/31/09 2009 2008 2007 2006 2005 2003 2002 2001 2000
AGLFA 215 238 265 265 277 255 255 255 203 263 343 250
EAEL * * * 183 181 196 198 180 191 216 227 240
ELFA 490 604 579 700 741 768 817 780 732 862 873 850
NAELB 640 847 840 1021 1089 950 731 648 480 433 415 475
UAEL * * * 289 314 314 314 297 248 378 379 589
NEFA 184 274 233                  

The group with the largest drop in membership is the National Association of Equipment Leasing Brokers.

Once having 1,089 members, the group at the end of March, 2010, is down to 670 members. The numbers show NAELB had the largest actual loss from year end 2009 to, the first quarter of this year: 847 to 670, a loss of 177 members, 21%.

The largest percentage loss is “funding sources,” which also appears in the other associations. Year-end 2008, there were 113 funder members, March 31, 2010 now down to 66.

The loss is not that the funding group is unhappy, but the basic fact is there are a lot less funders in the leasing industry in the last year. (1)

NAELB has quite a large cash war chest saved over the years through frugal management, continuing its many programs, and definitely now coming in handy for its members. With a thrust for brokers with a $295 membership fee, as well as $50 credit given last year, and what is available, product discounts, active forums, education video and webair, weekly meet the funder, the association has much to attract the independent broker community.

It appears there are new programs to be introduced that should increase NAELB’s broker membership. Since there are less funders, perhaps a more direct approach to help broker members will work.

This concept may be controversial, but if you view the sources participating at the NAELB April 15th conference, note there are a lot more “higher rate” sources, places for “story credits” or “just plan difficult deals” or “subprime leases” than for instance at the ELFA Funding Conference (( in an attempt to reduce the criticism, did not say “all,” but “a lot more” and before closing your mind, compare with the ELFA Funding Conference and also see the “Story Credit” list.(2))

Leasing Funding Exhibitors at the Atlanta, April 15th Conference:
ABCO Leasing, Inc.
ACC Capital Corporation
Allegiant Partners Incorporated
Amerisource Funding
Bank of the West
Bankers Capital
Baystone Financial Group
CFC Investment Company
Dakota Financial, LLC
Financial Pacific Leasing
GreatAmerica Leasing Corporation
Kent Funding, Inc.
Mar Vista Financial
Maxim Commercial Capital, LLC
MicroBilt Corporation
Pawnee Leasing Corporation
Quail Capital Corp.
TEAM Funding Solutions
Tetra Financial Group
TimePayment Corporation
U.S. Bank Manifest Funding Services

List of Exhibitors at ELFA Funding Conference, Chicago, Illinois:
*AIG Commercial Equipment Finance
* Atel Capital Group
* Bank of the West
* Boston Financial & Equity Corporation
* CapitalSource, Inc.
* Century Services (USA) Inc.
* Commonwealth Capital Corp.
* Fifth Third Leasing
* Financial Pacific Leasing
* First Bank of Highland Park
* First Eagle Bank
* First Financial Corporate Services
* GE Capital Corporate Finance
* GE Capital Markets, Inc.
* Key Equipment Finance
* Kingsbridge Holdings
* MB Financial
* Peoples Capital and Leasing Corp
* RBS Asset Finance
* SCG Capital
* Sterling National Bank
*SunTrust Equipment Finance & Leasing
* Wells Fargo Equipment Finance

The loss from the end of year for the Equipment Leasing and Finance Association is 114; 19%.

“At least for our group, the numbers reported above are somewhat misleading, “ Ralph Petta, Interim President, told Leasing News. “ They represent where we are today (late-March) in the membership renewal cycle. They represent an incomplete picture. We are still collecting 2010 renewals and new member applications and expect that our year-end totals come close to the 600 members we had in 2009. Our membership year is surprisingly strong thus far."

It should be noted the keeping of membership categories should give a better idea as to the difference of ELFA than the other association.

The Equipment Leasing and Finance Association is quite unique; definitely the most influential in both state and federal government issues, as well as a major educational source and networking group. Despite the many banks and leasing companies which have exited the marketplace, the breakdown of membership shows how viable ELFA has become.

The National Equipment Finance Association lost 89 members, and while the number is smaller than those above, NEFA had the largest drop of members for its size in 2009: 274 to 184 members.

The association has almost lost a third of their members since last year.

Looking at the numbers before the merger of the Eastern Association of Equipment Leasing and United Association of Equipment Leasing, it is a more serious loss. There were a combined 472 members in 2009 of the two associations. With the number noted by the merged group that there were 60 of the members belonged to both, the total membership, deleting those who belonged to both, was 412. It is quite a drop to today's 184 member group.

These numbers come from NEFA:

2009 Year-End

158 Broker/Lessor
51 Funding Source
62 Service Provider
3 Honorary/Complimentary
274 Members


103 Broker/Lessor
31 Funding Source
49 Service Provider
5 Honorary/ Complimentary
188 Members

Randy Haug, Sr. Vice President / Partner, LeaseTeam, Inc., and president of NEFA, told Leasing News "The largest variance of course is in the broker/ lessor and funding source categories which should come as no surprise considering the current state of the marketplace.

"With this being said the NEFA board budget for 2010 is based off of having a 2010 membership at year end of approximately 230 members. We anticipated having about a 15% decline in our membership numbers 2010 vs. 2009. That would be calculated as 273 (year end total 2009) X 15% decline = 232 total projected members 2010.

To live up to the budget stated by Randy, not including any decline during the year, NEFA is going to have to attract a minimum of48 new member companies in the next nine months. It should be noted that in the case of NEFA and ELFA the size and category denotes the membership fee, so the loss of the larger funder affects their budget more than the loss of an independent, a broker-lessor, or smaller funding source.

David Wright, Executive Director, Association for Governmental Leasing & Finance (AGLF),Mount Royal, New Jersey believes some of those that did not renew will be renewing, that they like to work the cashflow, plus go to the April conference at a member price. While the association is comparatively small, it appears stable, but is down 19% from the previous quarter.

The 2010 year-end:
99 are in the Basic Category
93 are in the Industry Leader Category
24 are Limited members
22 are Individual and Government members

The response from Cindy Spurdle, Executive Director of the Certified Leasing Professional Foundation, perhaps sums up all the association’s response to Leasing News annual membership count:

“Y/E 2009 we had 182 CLPs in good standing.

“End of 1st quarter we had 159 CLPs in good standing.  It has been a rough last 18 months for everyone in our industry.”


2007: 204
2008: 179
2009: 182
Today: 159

Cindy has worked for NAELB as well as NEFA in its former entity, and recently was awarded for her ten year service for the CLP Foundation. She also was in the leasing business as a broker and knows the industry well; a “rough” eighteen months indeed

Arizona Equipment Leasing Association at one time has an estimated 25 members. No official count is available at this time. The group is active. They get together for social and business meetings during the year, even invite speakers.

  1. Companies not accepting broker business:

  1. Story Credits:


Sales Make it Happen --- by Christopher Menkin

“Get yourself a Warehouse Line”

A Warehouse Line enables you to “fund leases” to discount or borrow against recourse or non-recourse with specific stipulations.

Before getting into this aspect and its history, a “Warehouse Line” allows you also to pay a seller of equipment much faster than waiting for all paperwork to be complete, speeding up the process tremendously. In this tightening money situation, it gives you the ability to pay vendors half with the order, or to form a multi-lease, paying in any increments you choose. Today vendors are hungry for cash, plus also becoming even more particular in how fast they are going to be paid. This is a tremendous advantage in the street.

While some funders offer this today, including an interest only form on the money advanced, the profit comes in not only being able to attract more vendors, control the rate and margin of the transaction, but in additional profits by using the lease factor on the money advanced in the lease factor. In addition, in better control of the sale of the “master lease” and its advantages,
often a fee of 2% can be included. This is not an uncommon practice in the financial industry. Encourage more “master leases” from multiply vendors.

Not only does the “Warehouse Line” allow you to create more sales, but more income too. You are not only collecting on the increase rate in the sell, but the principal too (which is all profit in interim rent.)

Many banks and funders will issue these lines of credit based on viewing the credit of the company obtaining the “master lease” and/or viewing the approval from the company who is going to fund the transaction, rather than your own net worth or history. Of course, the better your credit, net worth, and history, the larger the line of credit, better terms, and perhaps even several warehouse lines of credit.

When you are able, have a second bank, which will help in negotiations with the first bank, and perhaps more importantly, if one bank changes the terms and conditions, you have a second backup with no business disruption.

Again, it depends on your personal and/or company’s creditworthiness as to what you may obtain. It also depends if it is a community bank or regional bank or your personal relationship, meaning your network of friends.

The idea is to start, manage it well, and with history be able to increase the line of credit.

The first pitfall is credit changes before the final “take out” transaction is completed. Rate changes can be protected, but say in collecting the “interim rent” the check bounces. The master lease takes six months, not two, or even longer. You learn there is fraud involved.
There are a long lists of other things that can go wrong.

It is best to start small, funding solid credits in advance to obtain the vendor business, learning the mechanics, and getting your feet wet. The more transactions you do, the more experience you will gain in what you overlooked and what can go wrong.

Another piece of advice is to only use the line for lessees an hour driving distance from your office. You can visit them. See what is going on. Have a better relationship and anticipate pitfalls.

You can also have a recourse line, as the credit may expire, and you are either allowed to keep the transaction in your warehouse line or have a recourse line to carry your own leases. This is
extremely dangerous in this economy. Be prepared to drive every month to the lessee to pick up a check and “hammer” it in their bank ( I have done this too many times to recount.)

Do not jump in nationwide thinking that a top credit will protect you. It is naïve. Youl find out the hard way as staffs grow because problems grow. It may look easy, but it is definitely not.
Be very careful. Be scared.

The “Warehouse Line” has many other uses today. It has enabled small lessors to both get away from recourse lines and seek non-recourse lines, often at lower rates, plus attract more
sales either directly and/or through others lessors in different marketplaces. Before computer software accounting, lessor non-recourse was on a “deal by deal basis,” although there were larger lessors and banks who could collect a large number of leases and “lay them off” in $1 million and $5 million portfolio’s. Computer software brought this down to $500,000, and giving the lessor more sources for various collections of portfolio’s. Today minimums can be $100,000 for small ticket items.

The warehouse line has created many brokers who call themselves lessors, and even funders. In reality, if you are not full recourse, meaning if the lease defaults, you payoff the transaction ( not trade it for another or pay it down over time) you are a broker with a warehouse line. Maybe you might be collecting the personal property tax or keeping up to date on the insurance or assisting or even making the collection calls, if you have to pay it back with cash, then you are a funder. It is really your money, not someone else’s.

Most of the leasing companies today use a warehouse line to either securitize or sell portfolio’s or use them for a larger line of credit, basically another warehouse line in reality. It often is also a
means to take a “deal off the street” while a search is made for the “take out.”

The accounting, operations, information required large staffs, a lot of overhead, so the players were limited, but as the computers grew fast, processed more, retained more, programs were written that controlled the accounting, accountability, and statistics of the leases. This enabled more non-recourse transactions, as well as making it economical for others to buy in smaller increments, particularly useful in the small ticket marketplace. It enable securitization of leases in smaller portfolio’s which could be bundled and re-sold again just like in real property mortgages. It also enabled, as Bill Gates originally said, a very small operation to compete with a very large operation.

Sales Makes it Happen articles:



Meet and learn from Mr. Terry Winders, CLP

Leasing #102 columnist for Leasing News,
long time educator and trainer

Sales and Operations
click here for course information and to register

April 12th until Noon on the 14th
Seattle, Washington
Hosted by Financial Pacific

$395.00 Paid in Advance for first person from company
$345 with each additional attendee 

"Certified Leasing Professionals attending this seminar will earn CPEs (Continuing Professional Education)
Credits toward their recertification"

(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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20 years experience on funder/broker sides. Looking for a relationship where I act as credit shop for smaller brokers when financial statements are involved.
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Proactive management/administration of commercial/consumer vehicle lease/finance portfolios covering insurance, titles,
registrations, sales/property taxes, tickets, collections, accounting, vehicle disposition. Since 1975
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Our staff of CPA's and lease professionals can handle any or all portfolio responsibilities incl. portfolio mgmt, invoicing, sales/property/income tax, accounting, etc.
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We can run your back office from origination to final payoff. 30 years experience in commercial equipment lease and loan portfolio management.
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Keep more of your hard-earned commissions! Middle-Market, Small-Ticket for brokers, nationwide, 20+years experience, negotiable splits. Contact us for more information at (888)745-9481 or

Back Office -Portland
Portfolio Financial Servicing Company is a leading provider of private label primary and backup servicing for lease and loan contracts.  800-547-4905  

Back Office: National Property Tax Compliance Services to the leasing industry. Over 60-years experience and fifty Lessors as clients. References and free quotes available,
(216) 658-5618,

Back Office – National
Spending too much time on processing credit applications, preparing lease documents and other administrative tasks and not enough time marketing and growing your business? Call us! 407.964.1232



Back Office: Gig Harbor, WA
Orion First Financial provides comprehensive lease/loan account servicing, collection/workout solutions and strategic advisory services. Contact David T. Schaefer


Leasing Industry Outsourcing
(Providing Services and Products)

All "Outsourcing" Classified ads (advertisers are both requestedand responsible to keep their free ads up to date:

How to Post a free "Outsourcing" classified ad:


#### Press Release ########################

Veterans Gaining Toehold on Economy with Franchise Ownership;
Discount purchase program on path to break 2,000 mark in 2010

WASHINGTON, April 7― America’s military veterans haven’t been sitting idly by hoping the economy will improve, according to the International Franchise Association, which today reported that sales of franchise-small businesses to former military personnel through its award-winning “VetFran” program have reached 1,778, an increase of more than 250 since last fall. And the association reports that there are nearly 250 other sales currently under negotiation.

“This is an important milestone for the VetFran program,” said IFA Chairman Ken Walker, chairman and CEO of Driven Brands. “As more and more veterans learn how franchising can help them get into business for themselves and start a new career after their military service, this program will continue to grow.”

Since 2002, the Veterans Transition Franchise Initiative, as the program is formally known, has enabled honorably-discharged veterans to apply discounts or other financial incentives to the purchase price of franchises in a wide variety of industries, ranging from auto repair services to restaurants to commercial and residential cleaning concepts.

Endorsed by the U.S. Dept. of Veterans Affairs, VetFran today is supported by nearly 400 companies that are members of IFA. Some franchises offer veterans reductions of the initial franchise fee; others provide discounted inventories or waive certain franchise fees.

On April 9, the association’s International Franchise Expo will open at the Washington, D.C. Convention Center for a three-day trade show featuring hundreds of franchise concepts on display where future franchisees can get a closer look at the popular brands and meet with company representatives to gather key information about possible purchase.

Veterans will be admitted to the event without charge and are invited to attend a special, free seminar “Franchising 101 for Veterans” April 10, which will be conducted by veterans who are experts in franchising, including some who have purchased franchises by using the VetFran discounts.

Veteran-attendees are encouraged to look for the VetFran symbol which will be prominently displayed on the booths of participating companies. Additional details about the VetFran program, including a list of the participating companies and the discounts they offer, can be viewed at, where early Expo registration can also be accomplished. Free copies of IFA’s April Franchising World magazine will also be distributed during the trade show which features the program and offer profiles of veterans who are enjoying their franchise-business experience.

Recognized by VA’s Center for Veterans Enterprise as a “Champion of Free Enterprise,” VetFran has also been honored by the American Society of Association Executives. The program is a volunteer effort conducted by the association and its members; it receives no federal funding.

About the International Franchise Association:
The International Franchise Association is the world’s oldest and largest organization representing franchising worldwide. Celebrating 50 years of excellence, education and advocacy, IFA protects, enhances and promotes franchising through government relations, public relations and educational programs. Through its awareness campaign highlighting the theme, Franchising: Building Local Businesses, One Opportunity at a Time, IFA promotes the 21 million jobs and $2.3 trillion of economic activity generated by franchising. IFA members include franchise companies in over 90 different business format categories, individual franchisees and companies that support the industry in marketing, law and business development.

### Press Release ###########################

Tax Preparer Gets Two 12 Months/One Day

Karen P. Hewitt -- U.S. Attorney, San Diego, California

Pablo Amesquita, a self-employed tax preparer doing business as "Tax & Weddings," located in San Ysidro, California, was sentenced in U.S. District Court in San Diego by United States District Judge Michael M. Anello to serve two concurrent sentences of 12 months' and one day in prison and a one-year term of supervised release, announced United States Attorney Karen P. Hewitt. The sentence was based upon his April 1, 2009 guilty plea to two felony counts of aiding and assisting in the preparation and presentation of false tax returns for tax years 2005 and 2006. In addition, Judge Anello ordered Amesquita to pay a $4,000 criminal fine and ordered that he immediately cease from preparing any further tax returns.

According to Assistant U.S. Attorney Joseph J.M. Orabona, who prosecuted the case, Amesquita prepared tax returns for his clients for tax years 2005 and 2006 by knowingly and willfully falsifying and exaggerating itemized deductions claimed on the tax returns in an attempt to defeat a total of approximately $65,096 and $80,227 in additional taxes due and owing to the United States in 2005 and 2006, respectively. According to court records, during an undercover operation in March 2007, Amesquita advised an undercover agent that he could deduct home improvements and expenses for non-business meals and entertainment, clothing, gasoline, and insurance, even though Amesquita knew that these items were not deductible under the tax law and that the undercover agent had no documentation to justify the numbers that Amesquita entered on the tax return.

"Tax preparers who intentionally falsify tax returns breach the public's trust and will not be tolerated. We will continue to aggressively prosecute these types of cases to hold any tax cheats responsible for their conduct," said United States Attorney Hewitt.

Leslie P. DeMarco, IRS-Criminal Investigation Special Agent in Charge for the Los Angeles Field Office, stated, "The sentence for Mr. Amesquita sends a timely and critical message to tax preparers who think about filing false returns - there is a price to pay. The Internal Revenue Service will continue to aggressively investigate unscrupulous tax return preparers who take advantage of the public, and undermine the honesty of our tax system for their own personal gain."

DEFENDANT Criminal Case No. 09CR1129-MMA
Pablo Amesquita Age: 57
Title 26, United States Code, Section 7206(2) - Aiding and Assisting in the Preparation and Presentation of False Income Tax Returns
Internal Revenue Service, Criminal Investigation

#### Press Release #############################

(This ad is a “trade” for the writing of this column. Opinions
contained in the column are those of Mr. Michael Witt, Esq.)


Bothell, WA ---Adopt a Pet


Animal ID 10106756
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Breed German Shepherd/Purebred
Age 3 years
Sex Male
Size Large
Color White
Housetrained Unknown
Intake Date 3/29/2010
Application Form:

Northwest German Shepherd Rescue
Bothell, WA 98011

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Today's Top Event in History

1970 - Today John Wayne, a veteran of over 200 films, won his first and only Oscar. The Duke received the Academy Award for Best Actor for "True Grit", which also starred Kim Darby and Glen Campbell. Estimates show movie-goers paid over $500 million to see John Wayne in his films which include: "The Big Trail", "Reap the Wild Wind", "The Long Voyage Home", "Red River", "The Quiet Man" and "The Sands of Iwo Jima"; the only other film to earn him an Oscar nomination. Midnight Cowboy, starring Dustin Hoffman and Jon Voight, became the first X- rated movie to win the Best Picture Oscar at the Academy Awards ceremony.


This Day in American History

    1712- Nine whites were killed in a slave revolt in New York City. Planned by 27 slaves, the rebellion was begun by setting fire to an outhouse; as whites came to put the fire out, they were shot. The state militia was called out to capture the rebels and the city of New York responded to the event by strengthening its slave codes. Twenty-one blacks were executed as participants, and six alleged participants committed suicide. New York outlawed slavery in 1799.
    1790-Birthday of William Ellery Channing, well-known abolitionist and leader of the Unitarian movement in the US. Born at Newport, RI. He stood for religious liberalism and influenced such people as Longfellow, Byrant, Emerson, Lowell and Holmes. Died at Bennington, VTG.
    1857 - A late season freeze brought snow to every state in the Union. Even as far south as Houston TX the mercury plunged to 21 degrees.
    1859-Birthday of Walter Camp, college athlete, coach and administrator, born at New Britain, CT. Camp played football and several other sports at Yale, but he gained prominence for helping to reshape the rules of rugby football into American football. Among his innovations were reducing the number of players on a side from 15 to 11, introducing the scrimmage, giving one team definite possession of the ball and proposing the downs system. He served as a volunteer coach at Yale and became a national figure as a promoter of football. He selected an All-American tema from 1889 to his death. Died at New York, Mar 14, 1925.
    1862 - In the United States civil war, the Federal army under Grant defeated the Confederates under Albert Johnston at the Battle of Shiloh near Pittsburgh Landing. Johnston was killed during the battle.
    1884- Bronislaw Malinowski birthday, leading British anthropologist, author and teacher, born at Krakow, Poland. His pioneering anthropological fieldwork in Melanesia inspired his colleagues and students. In 1939 he became a visiting professor at Yale University. I wrote my college thesis about his findings as anthropologist.
    1888-Alcide “Slow Drag” Pavageau born New Oleans, La.
    1890-Birthday of Marjory Stoneman Douglas, author, conservationist, especially for the Florida Everglades, wrote The Everglades: River of Grass (1947) probably the most influential book in Florida's history. It forced the establishment of the Central and South Florida Flood Control that kept the Everglades River system viable.
    1908- Orchestra conductor, arranger and composer Percy Faith was born in Toronto. He began by playing music for silent films in the city's movie houses, later turning to arranging and composing when his hands were severely burned in an accident. After a stint at the CBC, Faith moved to the US, where he became an arranger- conductor for Columbia Records. He worked with many pop singers, including Guy Mitchell and Tony Bennett, as well as recording with his own orchestra and chorus. His "Theme From a Summer Place" won the Grammy Award for Record of the Year in 1960. Percy Faith died in Los Angeles in 1976.
    1915- Billie Holiday birthday (born Eleanora Fagan, nicknamed "Lady Day") is considered by many jazz critics to have been the greatest jazz singer ever recorded. In her 26-year career, despite having received no formal training, she demonstrated a unique style with sophisticated and dramatic phrasing. Among her best-known songs are "Lover Man," "God Bless the Child," "Don't Explain" and "Strange Fruit." holiday was born at Philadelphia, PA. She died at New York, NY, July 17, 1959. Often coupled with saxophonist Lester Young, a fan wrote "Strange Fruit" as a poem, she set to music, and sang at a time that considered this quite revolutionary. Some of her backing musicians included such famous jazzmen as Lester Young, Roy Eldridge and Teddy Wilson. A movie loosely based on Billie Holliday's autobiography, "Lady Sings the Blues," was made in 1973 starring Diana Ross.On this date in 1986, Holliday was honored with a star on the Hollywood Walk of Fame, nearly 27 years after her death.
    1919 -Birthday of pianist, arranger, and band leader Ralph Flanagan.
    1920-Birthday of Indian musician Ravi Shankar.
    1929 - Record heat prevailed across New England. Hartford CT reported an afternoon high of 90 degrees.
    1935-Sarazen's Double Eagle. In the final round of the second Masters Tournament, Gene Sarazen reached the par-5 15 th hold four shots out of the the lead. His drive left him 220 years shot of the cup. Sarazen hit his 4-wood and knocked the ball over the pond protecting the green, onto the fringe and into the hole for a double-eagle two. Sarazen tied Craig Wood at 282, six under par, and defeated him the next day in a playoff.
    1935 - Amarillo, TX, reported dust obscuring visibility for twenty hours. Blowing dust was reported twenty-seven of thirty days in the month. On several days the visibility was reduced to near zero by the dust.
    1938-Birthday of jazz trumpeter Freddie Hubbard.
    1939-Birthday of Francis Ford Coppola, born Detroit, MI. Winemaker, film maker, bon vivant, true Renaissance man who has evidently passed his talents on to his children.
    1940-The first postage stamp depicting an African-American showed the educator Booker Taliaferro Washington, whose likeness was on the 10-cent brown stamp placed first at sale at Tuskegee Institute, AL. The stamp was one of the Famous American Commemorative series issues of 1940. A three-cent deep blue stamp depicting the log cabin in which Washington lived had been issued on April 5, 1936.
Rank and organization: First Lieutenant, U.S. Marine Corps Reserve, Marine Fighter Squadron 221, with Marine Aircraft Group 12, 1st Marine Aircraft Wing. Place and date: Solomon Islands area, 7 April 1943. Entered service at:  California. Born: 15 June 1920, Seattle, Wash. Other Navy award: Distinguished Flying Cross with 1 Gold Star. Citation: For extraordinary heroism and personal valor above and beyond the call of duty, as division leader of Marine Fighting Squadron 221 with Marine Aircraft Group 12, 1st Marine Aircraft Wing, in action against enemy Japanese aerial forces in the Solomons Islands area, 7 April 1943. In a daring flight to intercept a wave of 150 Japanese planes, 1st Lt. Swett unhesitatingly hurled his 4-plane division into action against a formation of 15 enemy bombers and personally exploded 3 hostile planes in midair with accurate and deadly fire during his dive. Although separated from his division while clearing the heavy concentration of antiaircraft fire, he boldly attacked 6 enemy bombers, engaged the first 4 in turn and, unaided, shot down all in flames. Exhausting his ammunition as he closed the fifth Japanese bomber, he relentlessly drove his attack against terrific opposition which partially disabled his engine, shattered the windscreen and slashed his face. In spite of this, he brought his battered plane down with skillful precision in the water off Tulagi without further injury. The superb airmanship and tenacious fighting spirit which enabled 1st Lt. Swett to destroy 7 enemy bombers in a single flight were in keeping with the highest traditions of the U.S. Naval Service.
    1945--JAMES, WILLY F., Jr.  Medal of Honor
Citation: For extraordinary heroism in action on 7 April 1945 near Lippoldsberg, Germany. As lead scout during a maneuver to secure and expand a vital bridgehead, Private First Class James was the first to draw enemy fire. He was pinned down for over an hour, during which time he observed enemy positions in detail. Returning to his platoon, he assisted in working out a new plan of maneuver. He then led a squad in the assault, accurately designating targets as he advanced, until he was killed by enemy machine gun fire while going to the aid of his fatally wounded platoon leader. Private First Class James' fearless, self-assigned actions, coupled with his diligent devotion to duty exemplified the finest traditions of the Armed Forces.
    1945--OKUTSU, YUKIO--Medal of Honor
Technical Sergeant Yukio Okutsu distinguished himself by extraordinary heroism in action on 7 April 1945, on Mount Belvedere, Italy. While his platoon was halted by the crossfire of three machine guns, Technical Sergeant Okutsu boldly crawled to within 30 yards of the nearest enemy emplacement through heavy fire. He destroyed the position with two accurately placed hand grenades, killing three machine gunners. Crawling and dashing from cover to cover, he threw another grenade, silencing a second machine gun, wounding two enemy soldiers, and forcing two others to surrender. Seeing a third machine gun, which obstructed his platoon’s advance, he moved forward through heavy small arms fire and was stunned momentarily by rifle fire, which glanced off his helmet. Recovering, he bravely charged several enemy riflemen with his submachine gun, forcing them to withdraw from their positions. Then, rushing the machine gun nest, he captured the weapon and its entire crew of four. By these single-handed actions he enabled his platoon to resume its assault on a vital objective. The courageous performance of Technical Sergeant Okutsu against formidable odds was an inspiration to all. Technical Sergeant Okutsu’s extraordinary heroism and devotion to duty are in keeping with the highest traditions of military service and reflect great credit on him, his unit, and the United States Army.
    1947 - The first Tony Awards ceremony for Broadway plays was held in New York. The award was named after Antoinette (Tony) Perry, who died the previous year. Perry served as director of the wartime board of the American Theater Wing. Winners at the first presentation included Best Actresses Ingrid Bergman for Joan of Lorraine and Helen Hayes for Happy Birthday, Best Actors José Ferrer for Cyrano de Bergerac and Fredric March for Years Ago, Patricia Neal as Best Supporting Actress for Another Part of the Forest, David Wayne for Best Supporting Actor in Finian's Rainbow, and Elia Kazan as Best Director for All My Sons.
    1949,-the Rodgers and Hammerstein musical "South Pacific" opened at the Majestic Theatre on Broadway. Adapted from James Michener's Pulitzer Prize winning novel "Tales of the South Pacific," the musical ran for 1,925 performances. Mary Martin and Ezio Pinza were the stars. "South Pacific" was made into a movie in 1958.
    1949- John Oates of the duo Hall and Oates, was born in New York City. Beginning with their first record, "Whole Oats," in 1972, Daryl Hall and Oates had great success with their energetic blend of rhythm-and-blues and rock 'n' roll.
    1953---Top Hits
Pretend - Nat King Cole
Till I Waltz Again with You - Teresa Brewer
I Believe - Frankie Laine
Your Cheatin' Heart - Hank Williams
    1954-Birthday of football hall of famer Anthony Drew “Tony” Dorsett, Rochester, Pa.
    1954--~ Gee, by The Crows, became the first rhythm and blues single to gain attention on pop music charts.
    1956-Little Richard's "Long Tall Sally" is released.
    1956-The CBS Radio Network debuts the first regularly scheduled, nationally broadcast Rock and Roll show, Rock 'n' Roll Dance Party, with Alan Freed as host.
    1957 - Cable cars resume clambering up and down Hyde Street for the first time in nearly three years. The new route is a combination of parts of the Washington and Jackson lines and the end of the Hyde line.
    1958-he Platters' "Twilight Time" is released.
    1961---Top Hits
Blue Moon - The Marcels
Apache - Jorgen Ingmann
On the Rebound - Floyd Cramer
Don't Worry - Marty Robbins
   1962-The Rolling Stones began to take shape when Mick Jagger and Keith Richards met guitarist Brian Jones at the Ealing Jazz Club. Bill Wyman and Charlie Watts came into the picture in January of 1963.
    1969-Ted Williams made his debut as a major league manager as the New York Yankees defeated his Washington Senators 8-4 in Washington's RFK Stadium before 45,000. The Senators finished the year in fourth place for the AL West with a record of 86-76. William's managerial career lasted four season. His team won 273 games and lost 364.
    1969---Top Hits
Dizzy - Tommy Roe
Aquarius/Let the Sun Shine In - The 5th Dimension
You've Made Me So Very Happy - Blood, Sweat & Tears
Who's Gonna Mow Your Grass - Buck Owens
    1970-Three weeks after moving hurriedly from Seattle, where they were called the Pilots, the Milwaukee Brewers made their American League debut, losing to the California Angels 12-0, at Milwaukee County Stadium. The Brewers finished fourth in the AL West in 1970 with a record of 65-97. They won their first division pennant in 1982 but lost the World Series to the St. Louis Cardinals.
    1970 - Today John Wayne, a veteran of over 200 films, won his first and only Oscar. The Duke received the Academy Award for Best Actor for "True Grit", which also starred Kim Darby and Glen Campbell. Estimates show movie-goers paid over $500 million to see John Wayne in his films which include: "The Big Trail", "Reap the Wild Wind", "The Long Voyage Home", "Red River", "The Quiet Man" and "The Sands of Iwo Jima"; the only other film to earn him an Oscar nomination. Midnight Cowboy, starring Dustin Hoffman and Jon Voight, became the first X- rated movie to win the Best Picture Oscar at the Academy Awards ceremony.
    1973- Vicki Lawrence got her number one single as The Night the Lights Went Out in Georgia made it to the top of the pop charts on this day.
    1977-The Toronto Blue Jays, an American League expansion team, played their first regular season game, beating the Chicago white Sox, 9-5, at Toronto's xhibition stadium. The Jays finished last in the AL East in 1977 with a record of 54-108. They won their first division title in 1985.
    1977--AT&T Celebrates the 75th Anniversary of the First Television Broadcast
    1977---Top Hits
Rich Girl - Daryl Hall & John Oates
Dancing Queen - Abba
Don't Give Up on Us - David Soul
Lucille - Kenny Rogers
    1979 - Houston pitcher, Ken Forsch, tossed a no-hitter over the Atlanta Braves, 6-0. Forsch only walked two batters in the earliest no-hitter ever pitched in a baseball season. He and brother, Bob, a pitcher for the St. Louis Cardinals, were the only brothers to ever pitch no-hitters in the big leagues when Bob pitched a no-hitter on April 16, 1978.
    1979-"Music Box Dancer", an instrumental by Canadian pianist Frank Mills became the number-one single in the US, the first instrumental in several years to reach the top of the charts. In Mills' home country, the record only made it to #47.
    1979-The two-day California Music Festival at the L.A. Memorial Coliseum opens. 110,000 people pour in and makes $1.2 million. The promoters claim it's a finacial loss though performers like Aerosmith, the Bootown Rats, Cheap Trick, Ted Nugent and Van Halen make appearances
    1980 - President Jimmy Carter broke off diplomatic relations with Iran and ordered out all Iranian embassy staff because of the detention of United States embassy hostages in Tehran.
    1982 - Seven people die in the firestorm that engulfs the Caldecott Tunnel when an AC Transit bus colides with aq gasoline truck in the westbound lanes at about 12:15 a.m. Steve Rutledge heroically saves lices by running back to the tunnel entrance and stopping cars that otherwise would have driven in the inferno. Rutledge's mother, June, dies in the explosion.
    1984 - Jack Morris of the Detroit Tigers tied the earliest no-hitter in a season record when he beat Chicago 4-0. A national television audience watched as Morris struck out eight batters, and walked six, for the first no-hitter thrown in Comiskey Park, Chicago, in 17 years.
    1985---Top Hits
One More Night - Phil Collins
We are the World - USA for Africa
Crazy for You - Madonna
Country Girls - John Schneider
    1986 -Red Sox outfielder Dwight Evans becomes the first player to hit the first pitch on Opening Day for a home run. Jack Morris throws the gopher ball but gets the win as the Tigers edges Boston, 6-5.
    1987 - International Falls, MN, with record warm afternoon high of 71 degrees, was warmer than Miami FL, where the high was a record cool 66 degrees.
    1988 - High winds in the Middle Atlantic Coast Region gusted to 172 mph atop Grandfather Mountain NC. Twenty-nine cities in the southwest and north central U.S. reported record high temperatures for the date, including Yankton SD with a reading of 91 degrees.
    1989 - Twenty-seven cities in the southwestern U.S. reported record high temperatures for the date. Afternoon highs of 92 degrees in Downtown San Francisco and 104 degrees at Phoenix AZ established records for April. Highs of 78 degrees at Ely NV and 93 degrees at San Jose CA equalled April records.
    1990-Farm Aid IV is held at the Indiana Hoosierdome. Performers include Neil Young, Kris Kristofferson, Willie Nelson, John Mellencamp, Guns N' Roses and Jackson Browne. Elton John dedicates "Candle in the Wind" to AIDS patient Ryan White during the show. White dies later that night.
    1990 - Low pressure brought strong winds to the Alaska peninsula and the Aleutian Islands. Winds gusted to 68 mph at Port Heiden two days in a row. Unseasonably warm weather prevailed across central Alaska. Yakutat reported a record high of 54 degrees. Unseasonably cold weather prevailed over central sections of the Lower Forty-eight states. A dozen cities from Kansas to Indiana and Alabama reported record low temperatures for the date. Evansville IN equaled their record for April with a morning low of 23 degrees.
    1997- trumpeter Wynton Marsalis became the first jazz composer to win a Pulitzer Prize for music. He won for "Blood on the Fields," a three-hour work for big band and three singers.
    2003-Syracuse wins NCCA title.

    2008--Kansas Jayhawks defeated the Memphis Tigers 75-68 in overtime at the Alamodome in San Antonio, Texas, to win their fifth national championship, and third NCAA championship. On August 20, 2009, the NCAA forced Memphis to vacate all of its wins from the 2007-08 season, as well as their trip to the Final Four and the NCAA Championship Game. The penalty, which was due to use of an ineligible player, widely believed to be Derrick Rose, was upheld by the NCAA Infractions Appeals Committee on March 22, 2010.
2008-66 year old Bob Dylan received an honorary Pulitzer Prize for his "profound impact on popular music and American culture, marked by lyrical compositions of extraordinary poetic power."

NBA Champions This Date
    1956 Philadlephia Warriors

NCCA Champions This Day
    2003 - Syracuse
    2004 - Uconn
    2008 - Kansas


Spring Poem

Spring Vow

    by Larissa Shmailo

We will love like dogwood.
Kiss like cranes.
Die like moths.
I promise.




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