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Leasing News is a web site that posts information, news, and entertainment for the commercial leasing and finance industry. The News Edition is updated Monday, Wednesday and Friday.

Medical app only to 200k, Commercial app only to 150k Superior COF’s-Superior Buying window-Superior back office Please contact Steve Schachtel at 973-339-9900 ext. 101
or email at

Wednesday, June 8, 2011

Today's Equipment Leasing Headlines

"Vendor Verification" hits Pay dirt on First Inspection
  Classified Ads---Asset Management
Balboa Capital : Court Bypasses Lessor's Forum Clause
 as a Result of Forgery
  Equipment Leasing Services joins “Broker/Lessor” list
   May---"The List"---- Mergers, Acquisitions & Changes
   "The Good, the Bad and the Ugly"--
     Classified ads---Help Wanted
      Leasing Association Conferences---Up-date
       CLP Spotlight---"Bud" Callahan, CLP--- Jeff Elliott, CLP
        Irvine, California Adopt-a-Dog
         Classified ads—Leasing Attorneys
News Briefs---
 Bernanke says recovery is slipping
  Home equity loans haunting homeowners
   Madoff's payroll manager pleads guilty
    Companies Join Forces to Fix Internet's Biggest Problem in Decades
     Familiar TV Anchors Move On, Hoping to Profit on Their Own
      Helm Financial Sr. VP Sells Berkeley, CA House

Broker/Funder/Industry Lists | Features (collection)
Top Ten Stories Chosen by Readers | Top Stories last six months

Barron’s---Quotes Kit Menkin on FASB
  You May have Missed---
   Sports Briefs
    California Nuts
      "Gimme that Wine"
        This Day in American History
          Daily Puzzle
            Weather, USA or specific area
             Traffic Live----

######## 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. It is considered “bias” as it is the writer’s viewpoint.


"Vendor Verification" hits Pay dirt on First Inspection

The day after Leasing News ran the story about Lease Police and RTR Service in the creation of a "Vendor Verification Program" that included a special questionnaire, report from Lease Police, and custom designed site inspection, they received their first request.

"The entire system and process worked great and Jim Merrilee’s inspector was at the vendor’s the next day,” Bernie Boettingheimer, CLP, reports. “Two hours before the inspector was due to arrive, the vendor was called and he was furious. He refused to be interviewed by the inspector when he arrived, but the inspector observed that the office was an executive suite and the vendor was a tenant who occupied a mere 200 square feet on the second floor in the executive suite.

“The vendor was visibly shaken that his very thin (but passable) veneer had been stripped clean by one physical visit by someone representing a leasing company. This was a new threat to those who continue to prey upon our industry."

"Meanwhile three other LeasePolice subscribers received transactions from this same vendor. LeasePolice was able to examine a number of invoices from this vendor, all showing multiples of clone computer servers with an average unit price of approximately $8500 each plus related soft and hard costs.

“Most unusual was an invoice for over $60,000 with four clone servers to a used car dealer up in the panhandle of Texas.

“This just demonstrates the power of a Vendor Inspection Report (a physical visit to the vendor) and Lease Police’s ability to scan industry-wide for a particular vendor's activity."

"Some of our most vivid memories in life are when we recollect ‘our first times.’ Your first kiss, first car, first job, and first commission check - these are all indelibly imprinted in our minds. It’s the little things in life that are important and each one of us collects these ‘firsts’ to review over and over again.

"I will remember this ‘first’ for some time and I hope that my four subscribers do likewise. It is truly a great day when the 'good guys' win one!"

Bernie Boettigheimer, CLP
Lease Police, Inc.
1400 Preston Rd. #400
Plano, TX 75093
972-692-8091- Fax


Classified Ads---Asset Management

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

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.

Santa Barbara CA (will relocate)
Experienced Asset Manager of various portfolio's for a bank, broker and leasing company. Utilized specialized remarketing companies to maximize collateral values. Worked remote two years. | Resume

| Reference 1 | Reference 2

Free Posting for those seeking employment in Leasing:

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Balboa Capital: Court Bypasses Lessor's Forum Selection Clause
as a Result of Forgery

By Thomas E. McCurnin*

On May 31, 2011, the Indiana Court of Appeals refused to domesticate a foreign judgment obtained by an equipment lessor on the grounds of a claim of forgery.


Balboa Capital, as assignee of a lease, leased equipment to an Indiana lessor in 2006. Although briefs and decision did not specify, it appears the lease was a first payment default. Balboa sued the Lessee in California State Court in 2007 and obtained a default judgment, based largely on its “forum selection clause” whereby the Lessee agreed that Orange County would have exclusive jurisdiction over the matter. In 2008, Balboa sued in Indiana, seeking to domesticate its California Judgment.

In response to the suit to domesticate, the Lessee claimed, for the first time, that the lease was forged and his signature does not appear on the document.

Balboa then brought up the fact that the Lessee verified delivery of the equipment, submitted a driver’s license, and other typical underwriting documents. Although there were some collateral issues as to whether these documents were properly before the Court, the trial court ruled that the “forum selection” clause was invalid because the Lessor did not sign the document, and awarded the Lessee its attorney fees. Balboa appealed.

Court of Appeal Holding

On appeal, the Court of Appeal ruled that whether or not the Lessee signed the lease documents, and therefore consented to jurisdiction was a question of fact, and the Lessee’s judgment against Balboa was therefore reversed and remanded. This leaves the parties in the position of litigating the authenticity of the signatures on the Lease on remand before the trial court.

Lessons for the Lessor

Ultimately if the lease is forged, the “forum selection” clause probably goes out the window. No amount of paper can protect the lessor from those claims. Although not stated in the briefs and the opinion, it seemed apparent that this was a first payment default, or Balboa would have argued that the Lessor actually made payments on the Lease, essentially a very good estoppel argument.

I question whether Balboa knew or suspected a forgery when it sought its California Judgment, as it was apparently a first payment default. If a lessor knows, or suspects the lease is forged, it makes little sense to use the “forum selection” clause, as that action may get tossed out. It makes more sense to try to resolve the forgery issue before litigation, either by contact with the lessor or a handwriting expert prior to commencing the suit.

Furthermore, since this lease was assigned to Balboa, from Flex Lease, it would seem that with the alleged forgery, Balboa might have wanted to again resolve that issue and make claim on the assignor before going down this litigation path.

The bottom line is that with any first payment default, the deal is inherently suspect, either a vendor fraud or a forgery. These issues should be thoroughly sorted out before engaging expensive lawyers.

Balboa Capital v Apple _1_.pdf

*Thomas E. McCurnin is a partner in the law firm of Barton, Klugman & Oetting of Los Angeles, and specializes in banking and financial services. He has litigated issues involving questioned documents and lease assignments for over 30 years. He can be reached at

Tom McCurnin
Barton, Klugman & Oetting
350 South Grand Ave.
Suite 2200
Los Angeles, CA 90071
Direct Phone: (213) 617-6129
Cell (213) 268-8291
Fax: (213) 625-1832
Visit our Web Site at:


Equipment Leasing Services joins “Broker/Lessor” list

Equipment Leasing
Services, LLC

Scottsdale, Arizona
David E. Coit, Jr.
Fax: 480-443-3405


A - City Business License | B- State License | C - Certified Leasing Professional |D - State(s) sales/use tax license |E - Named as "lessor" on 50% or more of lease contract signed. |

Broker-Lessor “A” List:

Comprehensive personal property tax outsourcing services
We accept file exports and integrate personal property tax information with all lease management or accounting software. No other firm offers the combination of individual attention, software capabilities expertise, "full disclosure" and web port accessibility to information more than we do.

Click here to learn what our clients say about our service
Gary DiLillo, President 216-658-5618 or


May---"The List"---- Mergers, Acquisitions & Changes
"The Good, the Bad and the Ugly"--

ACC Capital, Midvale, Utah (05/11) No longer a member of NAELB

Equipment Acquisition Resources, Palatine, IL. (05/11) No evidence that Player filed personal bankruptcy.

Newcourt (05/11) Newcourt’s Hudson Controversial Move Back into Leasing

SunBridge Capital, Mission, Kansas (05/11) Adrian Weber back as ClearWest Capital, Overland Park, Kansas (

LEAF Financial, Philadelphia, PA (05/11) Trend continues down

Marlin Leasing, Mount Laurel, NJ (05/11) Evergreen still makes profit, but hiring more sale personnel brings profit down.

Five Point Capital, San Diego, CA (05/11) Bulletin Board Complaint (Evergreen Clause)





Leasing Industry Help Wanted

Medical app only to 200k, Commercial app only to 150k Superior COF’s-Superior Buying window-Superior back office Please contact Steve Schachtel at 973-339-9900 ext. 101
or email at

For information on placing a help wanted ad, please click here:

Please see our Job Wanted section for possible new employees.



Leasing Association 2011 Conferences

September 15-17
Minneapolis, Minnesota

Special Funding Symposium

Conference Chair
Tara Aasand, of Great American Insurance Group

Chris Enbom, CLP, CEO, Allegiant Partners
Doug Houlahan, CLP, Maxim Commercial Capital
Jim McCommon, CLP, McCommon Leasing
David Normandin, CLP.of Envision Capital Group
Linda Parady, First Litchfield Leasing
Brad and Adam Peterson, Channel Partners
Chris Walker, CLP, GreatAmerica Leasing
Lynne Wicker, RTR Services

October 14-15, 2011
Marriott Atlanta Buckhead Hotel & Conference Center
Atlanta, Georgia

October 23-25
Equipment Leasing and Financial Association
50th Annual Convention
JW Marriott Hill Country
San Antonio, Texas

Keynote Speakers

General Stanley McChrystal
Former Commander of U.S. and International Forces in Afghanistan

Marin Regalia
Chief Economist and Senior Vice President for Economic and Tax Policy
United States Chamber of Commerce

Garrison Wynn
President, Wynne Solutions

The 50th Anniversary Convention promises to be "the largest meeting of the equipment leasing and finance sector---Whoever you need to see is likely to be there!"

ELFA is now accepting proposals from those interesting in making a presentation
at the Annual Convention.
For complete details, please go here:
Submission deadline is June 22, 2011.

November 11-12
Hilton, Orange County
Costa Mesa, California


To view Leasing Association Events-Meetings Open to All, please click here.


CLP Spotlight---"Bud" Callahan, CLP--- Jeff Elliott, CLP

Charles "Bud" Callahan, CLP
National Equipment Leasing

Jeffry D. Elliott, CLP
SVP - Strategy &
Corporate Development
Huntington Equipment Finance

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


Irvine, California-- Adopt-a-Dog

MIMI - ID#A072643

My name is MIMI.
I am a spayed female, gray Terrier mix.
The shelter staff think I am about 4 years old.
I have been at the shelter since May 22, 2011.

For more information about this animal, call
Irvine Animal Care Center at (949) 724-7740
Ask for information about animal ID number A072643

Adopt-a-Pet by Leasing Co. State/City

Adopt a Pet




Classified ads—Leasing Attorneys

Birmingham, Alabama
The lawyers of Marks & Weinberg, 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.
California, National: city: Riverside
Ellen Stern - get results, reasonable pricing; numerous industry contacts, nearly 30 yrs SoCal, 20 yrs equip.: CFL license specialist, documentation, work-outs, litigated collections, recoveries; deal-maker.

Kenneth C. Greene
California & Nevada
Hamrick & Evans, LLP, Universal City , LA; San Francisco Bay
Area, No.Calif. & Nevada. Call for free consultation (828)763-5292 or (415) 806-2254,
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.
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) 990-0605 or email:

Encino, California: Statewide “ELFA”
Hemar, Rousso & Heald, LLP 30 yr excellent reputation Lessor representation commercial litigation, debt 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.

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:   

Long Beach, CA
Wagner & Zielinski,  successfully representing lessees/ lessors.  Not a member of any leasing organization, therefore not beholden to special interests.  Richard Wagner
(562) 216-2952

Long Beach CA.
Paul Bent -- 30 years experience in all forms of equipment leasing, secured lending, and asset based transactions, from analysis and deal structuring to contract negotiations to closing to private dispute resolution. (562) 426-1000

Law Firm - Service, Dallas, TX. "ELFA"
Mayer regularly practices in leasing, secured financing, project development and finance and corporate finance.

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).

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)

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
NJ,De,Pa: Specializing in leased equipment/secured transactions. Collections, replevins/workouts reasonable rates. Sergio Scuteri/Capehart & Scratchard, PA /
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


Free Leasing Attorney Posting:

John Kenny Receivables Management

• End of Lease Negotiations & Enforcement
• Fraud Investigation
• Credit Investigations
• Asset Searches
• Skip-tracing
• Third-party Commercial Collections

The Solution to Your Credit & Accounts Receivable Needs
John Kenny
315-866-1167 |

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

--- News Briefs

Bernanke says recovery is slipping

Home equity loans haunting homeowners

Madoff's payroll manager pleads guilty

Companies Join Forces to Fix Internet's Biggest Problem in Decades

Familiar TV Anchors Move On, Hoping to Profit on Their Own

Helm Financial Sr. VP Sells Berkeley, CA House



You May Have Missed--

Barrons Quotes Kit Menkin on FASB

Sports Briefs----

Sports Briefs----

German fever! Dirk's sick lay-up, bench help Mavericks tie series

The Cup Finals Are Leaving a Nasty Mark



California Nuts Briefs---

Ethics agency will not investigate complaint over Schwarzenegger affair

'Car-mageddon' in L.A. possible with 405 closure

California Budget Talks teetering on edge


“Gimme that Wine”

Cool weather, late rain may produce a vintage year for wines

Roussillon, Into the Sunlight---Eric Asimov

Soggy but happy, Auction Napa Valley bidders raise $7.3 million

Manteca winery opens to the public for guided tours

Ag industry faces labor woes in immigration debate


Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


Please send to a colleague---Leasing News is Free

This Day in American History

     1670- A Virginia slavery act decreed that slaves who had become Christians before their importation were not liable to lifelong servitude. This law reflected the moral concern felt in America over the enslavement of Christians.
    1697- The husband of Hannah Duston was awarded the sum of 25 pounds (equivalent to today dollar about $10,000) for her heroic efforts, the first public award to a woman in America. On March 16 of the same year, in an attack on Haverhill, Massachusetts, Indians captured Hannah Duston and killed her baby, killing or capturing 39 others in addition. After being taken to an Indian camp, she escaped on April 29 after killing 10 Indians with a tomahawk and scalping them as proof of her deed.
    1786-The first ice cream to be made commercially was sold by Mr. Hall of 76 Chatham Street (now Park Row), New York City, who advertised its sale.
    1789- James Madison proposed the Bill of Rights, which led to the first 10 amendments of the U.S. Constitution.
    1816- Mary Lucinda Bonney birthday; educator and reformer who organized and headed a successful women's school in Philadelphia as well as the Central Indian Committee which campaigned for the U.S. to honor its Indian treaties. Under her leadership, the plan to allot land to individual Indians was developed and approved by Congress.
    1851-The "Alta" published a proposal for a citizens committee of safety following an outbreak of lawlessness and arson.
    1852-Chinese laborers on the three-story granite Parrott Building, first fireproof structure in town, went on strike in 1852, demanding more pay; since only they could read the characters on the building's granite blocks, which had been cut, dressed, and numbered in China, they got it.
    1861-Tennessee seceded from the Union in a two to one vote in the state.
(lower half of: )
    1862- The Army of the Potomac defeats Confederate forces at Battle of Cross Keys, Virginia.
    1863 - Residents of Vicksburg flee into caves as General Ulysses S. Grant's army begins shelling the town.
    1867- The birthday of perhaps the greatest American architect Frank Lloyd Wright, born at Richland Center, WI. In his autobiography Wright wrote: "No house should ever be on any hill or on anything. It should be of the hill, belonging to it, so hill and house could live together each the happier for the other." Wright died at Phoenix, AZ, April 9, 1959.
    1869- Ives W. McGaffey of Chicago, Illinois obtained a patent on a "sweeping machine," a light hand-powered suction device for surface cleaning. Although he did not coin the word "Vacuum Cleaner," he is credited with its invention. Melville Reuben Bissell of Grand Rapids, MI, in 1876 received a patent on a "broom action: variable pressure sweeper, responsive to different grades of floor covering. The first vacuum cleaner driven by a motor was invented by John S. Thurman of the General Compressed Air and Vacuum Machinery Company, St. Louis, MO, in 1899 for a "pneumatic carpet renovator." Vacuum Cleaner came into the American language as a shorter name of maker, it was a "Vacuum" cleaner.
    1869-Pioneer Japanese immigrants establish a tea & silk farm colony at Gold Hill, California. Americans of Japanese ancestry (Nisei) lived in this country & struggled courageously for freedom & equality. This heritage was attacked following Pearl Harbor as they were shipped off to concentration camps & their homes, businesses, & property stolen from them.
    1893-Birthday of Dorothy Deming, author of the Penny Marsh books on nursing as a career.
    1906-Pianist Frank "Sweet" Williams
    1906-Birthday of guitarist Willie Morris, Bolton, MS. Boogie-woogie piano player with a distinctive blues shouting style that was reportedly unforgettable.
    1906-Birthday of Pianist Billie Pierce, known best for performing with DeDe Pierce, born Marianna, Florida
    1907-Birthday of Billie Pierce - U.S. boogie-woogie piano player with a distinctive blues shouting style that was unforgettable.
    1916- Birthday of Canadian trumpeter and bandleader Johnny Holmes, in Montreal.
    1917-Birthday of Byron Raymond (Whizzer) White, Retired associate justice of the Supreme Court of the US, nominated by President Kennedy Apr 3, 1962. (Oath of office, Apr 16, 1962.) and former football player. Justice White was born at Fort Collins, CO.
    1921-Birthday of Alexis Smith - U.S. actress who starred with many of Hollywood's most sought-after leading men including Cary Grant, Clark Gable, and Errol Flynn in the 1940s and 50s. She won a Tony in 1972 for her sensational performance as the cynical and aging former showgirl in Follies. She was the patron for U.S. novelist Rita Mae Brown.
    1925-Birthday of Barbara Pierce Bush, former First Lady, born Rye, NY.
    1936-Birthday of actor-singer James Darren, born Philadelphia, PA
    1937 -- Eight-and-one-half-foot giant Calla Lily blooms, New York Botanical Gardens.
    1939-Soprano saxophone player Sidney Bechet records "Summertime," (Blue Note 6)
    1940-Birthday of singer Nancy Sinatra, born Jersey City, NJ, graduate of University High School in West Los Angeles. After forming an association with producer Lee Hazelwood, she made number one on the Billboard Hot 100 in 1966 with "These Boots Are Made for Walkin'." Nancy Sinatra also had several hit duets with Hazelwood, and one with her father, "Somethin' Stupid," in 1967.
    1940-Neptunium(Element 93, Symbol Np, Atomic weight 237) was created at the University of California at Berkeley, CA, by Edwin Mattison McMillan and Philip Hauge Abelson. Their announcement was made this day. Neptunium was the first element created that was heavier than uranium, the heaviest naturally occurring element.
    1942- Chuck Negron, lead vocalist for Three Dog Night, was born in New York City. Three Dog Night, formed in Los Angeles in 1968, became one of the most commercially successful American rock bands of the 1970's. Negron had been a session vocalist before he was recruited by group founder Danny Hutton. Three Dog Night's first album in 1969 yielded a million-seller, "One," and after that they were seldom absent from the charts. Among their other hits were "Easy to Be Hard," "Joy to the World" and "An Old-Fashioned Love Song." The group also had a number of best-selling albums. Three Dog Night's commercial magic had waned by 1975, and the group gradually broke up. The three original vocalists of Three Dog Night - Chuck Negron, Danny Hutton and Cory Wells - reunited in 1981.
    1944-Birthday of Boz Scaggs, singer, musician, songwriter (Silk Degress, Middle Man), born Dallas, TX, Following two albums with the Steve Miller Band in the late 1960's, he spent nearly a decade trying to make it as a solo act. Scaggs finally made it in 1976 with the album "Silk Degrees," which sold five-million copies. A single from the LP, "Lowdown," made it to number three on the Hot 100.
    1944-*PEREGORY, FRANK D. Medal of Honor Rank and organization: Technical Sergeant, U.S. Army, Company K 116th Infantry, 29th Infantry Division. Place and date: Grandcampe France, 8 June 1944. Entered service at: Charlottesville, Va. Born. 10 April 1915, Esmont, Va. G.O. No.: 43, 30 May 1945. Citation: On 8 June 1944, the 3d Battalion of the 116th Infantry was advancing on the strongly held German defenses at Grandcampe, France, when the leading elements were suddenly halted by decimating machinegun fire from a firmly entrenched enemy force on the high ground overlooking the town. After numerous attempts to neutralize the enemy position by supporting artillery and tank fire had proved ineffective, T/Sgt. Peregory, on his own initiative, advanced up the hill under withering fire, and worked his way to the crest where he discovered an entrenchment leading to the main enemy fortifications 200 yards away. Without hesitating, he leaped into the trench and moved toward the emplacement. Encountering a squad of enemy riflemen, he fearlessly attacked them with hand grenades and bayonet, killed 8 and forced 3 to surrender. Continuing along the trench, he single-handedly forced the surrender of 32 more riflemen, captured the machine gunners, and opened the way for the leading elements of the battalion to advance and secure its objective. The extraordinary gallantry and aggressiveness displayed by T/Sgt. Peregory are exemplary of the highest tradition of the armed forces.
    1945--*LESTER, FRED FAULKNER Medal of Honor Rank and organization: Hospital Apprentice First Class, U.S. Navy. Born: 29 April 1926, Downers Grove, Ill. Accredited to: Illinois. Citation: For conspicuous gallantry and intrepidity at the risk of his life above and beyond the call of duty while serving as a Medical Corpsman with an Assault Rifle Platoon, attached to the 1st Battalion, 22d Marines, 6th Marine Division, during action against enemy Japanese forces on Okinawa Shima in the Ryukyu Chain, 8 June 1945. Quick to spot a wounded marine Iying in an open field beyond the front lines following the relentless assault against a strategic Japanese hill position, Lester unhesitatingly crawled toward the casualty under a concentrated barrage from hostile machineguns, rifles, and grenades. Torn by enemy rifle bullets as he inched forward, he stoically disregarded the mounting fury of Japanese fire and his own pain to pull the wounded man toward a covered position. Struck by enemy fire a second time before he reached cover, he exerted tremendous effort and succeeded in pulling his comrade to safety where, too seriously wounded himself to administer aid, he instructed 2 of his squad in proper medical treatment of the rescued marine. Realizing that his own wounds were fatal, he staunchly refused medical attention for himself and, gathering his fast-waning strength with calm determination, coolly and expertly directed his men in the treatment of 2 other wounded marines, succumbing shortly thereafter. Completely selfless in his concern for the welfare of his fighting comrades, Lester, by his indomitable spirit, outstanding valor, and competent direction of others, had saved the life of 1 who otherwise must have perished and had contributed to the safety of countless others. Lester's fortitude in the face of certain death sustains and enhances the highest traditions of the U.S. Naval Service. He gallantly gave his life for his country.
    1947-Birthday of detective writer Sara Paretskey, (Killing Orders, Burn Marks), born Ames, IA. Best known as the author of the Chicago- based detective series featuring the opera singing, liberal feminist, Victoria Warshawski who lacks house cleaning and cooking abilities, but is "hard boiled."
    1946-Harmonica player, composer, band leader James Harman birthday, born Anniston, AL.
    1947- Birthday of Sara Paretsky - author of the Chicago- based "hard boiled" detective series featuring, V.I. Warshawski, a female.
    1948-The first commissioned officer in the Marine Corps who was African American was John Earl Rudder, a midshipman in the regularly Naval Reserve Officers' Training Corps at Purdue University, Lafayette, IN, who was commissioned as a second lieutenant. He had served as an enlisted man in the Marine Corps Reserve from July 24, 1943 to June 26, 1946.
    1948 - Milton Berle starred on the "Texaco Star Theatre." He soon earned the nickname "Mr. Television", and he continued to be America's top TV comedian until 1956. In 1948, only about one percent of America's homes had TV. However, by 1956, thanks in large part to Berle, the percentage was much higher. When Berle was on, theatres often closed and neighborhood taverns noted a big decrease in business.
    1950 - The Boston Red Sox defeated the St. Louis Browns, 19-4. It was a one game baseball record for scoring. Al Zarilla of the Sox scored four doubles in the game.
    1951----Top Hits
Too Young - Nat King Cole
On Top of Old Smokey - The Weavers (vocal: Terry Gilkyson)
How High the Moon - Les Paul & Mary Ford
I Want to Be with You Always - Lefty Frizzell
    1951-Birthday of rock singer Bonnie Tyler, born Gaynor Hopkins in Skewen, near Swansea, South Wales.
    1953 - The U.S. Supreme Court ruled that restaurants in the District of Columbia could not refuse to serve blacks.
    1953 -A 1/2 mile wide tornado struck Flint, Michigan. 115 people were killed making it the worst tornado in the state's history. This tornado, rated F5 on the Fujita scale, was the last single tornado in the U.S. to kill over 100 people.
    1953 - Bonnie Tyler (Gaynor Hopkins) is born in Skewen, Wales. Her biggest hit is the million-selling ``Total Eclipse of the Heart'' in 1983. The single tops Billboard's Hot 100 for four weeks.
    1957-Birthday of Scott Adams, cartoonist, creator of "Dilbert," born Windham, NY.
    1959----Top Hits
Dream Lover - Bobby Darin
Personality - Lloyd Price
Quiet Village - Martin Denny
The Battle of New Orleans - Johnny Horton
    1959--"I Only Have Eyes for You" by the six man, Chicago vocal group, The Flamingos enters the Billboard chart, where it will reach #11.
    1961 - A major league baseball record was set when four Milwaukee Braves batters hit consecutive home runs in the game's seventh inning. They were playing against the Cincinnati Reds.
    1961-Elvis Presley's seventh film, "Wild in the Country" premiers.
    1962-Birthday of Nick Rhodes of Duran Duran who was born Nicholas James Bates.
    1963--The Essex release "Easier Said Than Done", a song that will climb to #1 on both the US Pop and R&B charts.
    1963--The Crystals' "Da Doo Ron Ron" peaks at #3 on the Billboard Pop chart. The effort is the brain child of Phil Spector, who uses a multi-track recording system to build the song layer upon layer to achieve a result that will become known as a "wall of sound". Backing musicians include Glen Campbell on guitar, Hal Blain on drums, Leon Russell on piano and Nino Tempo on sax.
    1965 - President Johnson authorizes commanders in Vietnam to commit U.S. ground forces to combat.
    1966- Merle James Smith, Jr. of Baltimore, MD, part of the class of 113 cadets who were graduated this day, became the first Coast Guard Academy graduate who was African-American. The ceremony was held at Jones Field, New London, CT. His commission was presented to him by his father, a colonel in the regular army.
    1966 - A tornado ripped right through the heart of the capitol city of Topeka KS killing sixteen persons and causing 100 million dollars damage. The tornado, which struck during the evening, cut a swath of near total destruction eight miles long and four blocks wide. It was the most destructive tornado of record up until that time.
    1966-The group, The Essex releases "Easier Said than Done". It climbs to #1 on both the pop and R&B charts.
    1966 - The Elvis Presley film ``Paradise Hawaiian Style'' premieres.
    1967----Top Hits
Respect - Aretha Franklin
Release Me (And Let Me Love Again) - Engelbert Humperdinck
Croquet Alley - The Mamas & the Papas
It's Such a Pretty World Today - Wynn Stewart
    1967-Attack on the USS Liberty. At 2 PM local time, the unescorted US intelligence ship USS Liberty, sailing in international waters off the Egyptian coast, was attacked without warning by Israeli jet planes and three Israeli torpedo boats. She was strafed and hit repeatedly by rockets, cannon, napalm and finally a torpedo. Casualties: out of a crew of 294 Americans, there were 34 dead and 171 wounded. Israel apologized, claiming mistaken identity, but surviving crew members charged deliberate attack by Israel and cover-up by US authorities.
    1968- The Rolling Stones release "Jumpin' Jack Flash."
    1968 - Don Drysdale, pitcher for LA Dodgers, lost his major league streak of scoreless innings pitched, when it was stopped at 58-2/3 by Howie Bedell, of the Philadelphia Phillies, who hit a sacrifice fly in the fifth inning. The Dodgers did beat the Phillies 5-3 that day. Until 1987, Drysdale's record stood, when it was broken by Orel Hersheiser, also of the Dodgers, at that time. During a meeting on Midway Island in the Pacific, US President Richard M. Nixon and South Vietnamese President Nguyen Van Thieu announce the imminent withdrawal of 25,000 US troops from Vietnam, and emphasize that all remaining US grounds troops will eventually be replaced by South Vietnamese forces. In 1961, US President John F. Kennedy had sent the first large force of US military personnel to Vietnam to bolster the ineffectual autocratic regime of South Vietnam against the Communist North. Three years later, with the South Vietnamese government crumbling, President Lyndon B. Johnson ordered limited bombing raids on North Vietnam and Congress authorized the use of US troops. By 1965, North Vietnamese offensives left President Johnson with two choices: escalate US involvement or withdraw. Johnson ordered the former, and troop levels soon jumped to over 300'000 as US air forces commenced the largest bombing campaign in history. Over the next few years, the extended length of the war, the high number of US casualties, and the exposure of US involvement in war crimes such as the massacre at My Lai helped to turn many in the United States against the Vietnam War, and created a perilous national division. In the spring of 1969, as protests in the United States against the war escalated, US troop strength in the war-torn country reached its peak at nearly 550'000. In June, Richard Nixon, the new US president, announced the beginning of US troop withdrawal, but intensified bombing in an effort to salvage the embattled war effort. Large US troop withdrawals continued in the early 1970s, but President Nixon expanded air and ground operations into Cambodia and Laos in attempts to block enemy supply routes along Vietnam's borders. This expansion of the war, which accomplished few positive results, led to new waves of protests in the United States and elsewhere. Finally, in 1973, representatives of the United States, North and South Vietnam, and the Vietcong signed a peace agreement in Paris, ending the US military involvement in the Vietnam War. By the end of 1973, the US contingent in Vietnam had shrunk to only fifty military advisors. On 30 April 1975, the last of these and other US nationals were airlifted out of Vietnam as Communist forces launched their final triumphant offensive into South Vietnam. The Vietnam War was the longest and most unpopular foreign war in US history, cost fifty-eight thousand American lives, many more lives of Vietnamese soldiers from both North and South, uncounted lives of Vietnamese civilians, and long-lasting damage to the environment in Vietnam.
    1969-New York Yankees honored Mickey Mantle by retiring his number 7 in a ceremony preceding a double-header against the Chicago White Sox. 60,096 fans came out to salute Mantle and to watch the Yankees sweep the Sox, 3-1 and 11-2. The Yankees have retired 12 numbers in all, more than any other baseball team.
    1970 - No. 1 Billboard Pop Hit: ``Long and Winding Road,'' The Beatles.
    1973 - After quarterbacking for the Baltimore colts for 16 of the NFL's most exciting season ever, Johnny Unitas signed a two-year contract to finish out his football career with the San Diego Chargers.
    1974 - Severe thunderstorms spawned at least twenty-three tornadoes in Oklahoma during the afternoon and evening hours. One of the tornadoes struck the town Drumright killing sixteen persons and injuring 150 others. A tornado struck the National Weather Service office in Oklahoma City, and two tornadoes hit the city of Tulsa. Thunderstorms in Tulsa also produced as much as ten inches of rain. Total damage from the storms was around thirty million dollars. It was the worst natural disaster of record for Tulsa.
    1974-Paul McCartney and Wings had the top spot on the Billboard singles chart with "Band On The Run", a song on which Paul played bass, guitar and drums.
    1975----Top Hits
Thank God I'm a Country Boy - John Denver
Sister Golden Hair - America
Bad Time - Grand Funk
Window Up Above - Mickey Gilley
    1978-- Through the voice of its president Spencer W. Kimball, the Mormon Church reversed a 148-year- long policy of spiritual discrimination against African- American leadership within the denomination. The declaration extended priesthood and temple blessings to all worthy male members of the Church The Mormon attitude about Black church members is little understood outside their church, but here is a site chronically a group trying to bring "fair" information concerning the LDS.
The Official Decision as recorded by the
About this site:
    1982- A re-united Simon & Garfunkel leave for a nine date European tour starting at the Hippodrome d'Auteuil in Paris. It ends June 19th in London.
    1983----Top Hits
Flashdance...What a Feeling - Irene Cara
Overkill - Men at Work
Time (Clock of the Heart) - Culture Club
Lucille (You Won't Do Your Daddy's Will) - Waylon Jennings
    1986- In the longest nine inning game in American League history, the Orioles beat the Yankees 18-9 in four hours and sixteen minutes.
    1986 - No. 1 Billboard Pop Hit: ``On My Own,'' Patti LaBelle & Michael McDonald.
    1988 - Overnight thunderstorms in Iowa produced 5.20 inches of rain at Coon Rapids. Thunderstorms in the Florida Keys drenched Tavernier with 7.16 inches of rain in 24 hours. Eleven cities in the central U.S. reported record high temperatures for the date.
    1989- After the Pirates take a 10-0 lead in Philadelphia by sending 16 batters to the plate in the first inning, Pirate broadcaster Jim Rooker announces if the Bucs lose the game he'll walk back to Pittsburgh. True to his word, the radio by-by-play man organizes a charity walk from Philadelphia to Pittsburgh after the season as a result of the Phillies comeback win over the Pirates, 15-11.
    1989 - Thunderstorms produced severe weather over the Central Gulf Coast Region during the day and evening. Severe thunderstorms spawned 17 tornadoes, including one which injured ten persons and caused a million dollars damage at Orange Beach, AL. Thunderstorm winds gusting to 90 mph killed three persons and injured four others at Mobile AL. Thunderstorms also deluged Walnut Hill and Avalon Beach, FL, with eight inches of rain.
    1990 - CDR Rosemary Mariner becomes first Navy women to command fleet jet aircraft squadron.
    1991 - General Norman Schwarzkopf, commander of Allied forces in Operation "Desert Storm" leads the National Victory Parade up Pennsylvania Avenue past the reviewing stand holding President George H.W. Bush and other dignitaries in the first such military parade held in the nation's capital since the end of World War I. Among the contingents of military units are composite battalions of Air and Army Guard personnel who served in theater.
    1991----Top Hits
More Than Words - Extreme
I Wanna Sex You Up - Color Me Badd
Rush, Rush - Paula Abdul
Meet in the Middle - Diamond Rio
    1991--Paula Abdul started a two-week run at #1 on the US album chart with "Spellbound".
    1991- Bruce Springsteen married longtime girlfriend Patti Scialfa in a private ceremony at the couple's mansion in Beverly Hills, California. Bob Dylan was among the guests. It was the second marriage for Springsteen, who divorced model Julianne Phillips in 1988, and the first for Scialfa, who used to sing in Springsteen's E Street Band.
    1998 - Former LA Laker Earvin "Magic" Johnson's new late-night talk show averaged a 3 Nielsen rating in its opening night in 40 major cities. It dropped to a 2.1 rating the next two nights, and was soon cancelled.
    1998 - The National Rifle Association elected Charlton Heston its president.
    2001- For the first time in major league history, the two Texan teams play one another in the regular season. The Astros beat their interstate rivals, the Rangers, 5-4 in the first game of the Lone Star Series played in Arlington, Texas.
    2004---Tampa Bay Holds Off the Flames for Its First Stanley Cup: Lightning 2, Flames 1
    2003---Billy Joel won a Tony award for the orchestration of his musical, Movin' Out.
    2005 --Going yard twice in his 4-for-4 day, Alex Rodriquez becomes the 40th and youngest big leaguer to hit 400 career home runs. On the 316th day of 29th year of his life, the Yankee superstar third baseman, who surpasses Ken Griffey Jr. for the honor, connects for a solo shot off Brewers' southpaw Jorge De La Rosa in the eighth inning for the milestone marker.
    Stanley Cup Champions this Date
Tampa Bay Lightning
NBA Finals Champion This Date
1982 Los Angeles Lakers G MVP
Los Angeles Lakers Philadelphia 76ers 4-2 Magic Johnson, L.A.
1986 Boston Celtics G MVP
Boston Celtics Houston Rockets 4-2 Larry Bird, Bos.





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- Royal Links Appeal Rules Back to Trial
   by Tom McCurnin
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- Top Ten Cities with the Highest Credit Scores
- OneSource Develops Business License Software
- Jeffrey Taylor in Hospital
- Get Linked In---
   by Christopher Menkin, Publisher
- The Main Reason to Lease
- John Otto/HL Leasing Alleged Scam---Up-dated
- The Strange Case of Sheldon Player
- Marlin Profit Down due to hiring more sale personnel
- Five Point Capital, San Diego, California
  Bulletin Board Complaint
- Goodbye LEAF Financial by Christopher Menkin
- Shivers Secures $25 Million Line with Wells
- Newcourt’s Hudson Controversial Move Back into Leasing
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- Talk About Chutzpa, Fanghella has more than Trump
- U.S. Bancorp Sunny Days
- Leasing Association Membership Confirms Changing Industry
  by Christopher Menkin
- Bank of the West moving more workers to Bishop Ranch
- Key Bank and Leasing---The Numbers
- Leasing Icon Robert Krause Retires
- Allied Health Care Services Charles K. Schwartz Pleads Guilty
- US Bank Manifest More Cut Offs
- ZRG Leasing Index Posts 33% Increase in Q1
- BBB: Rating Leasing Companies
- Despite Marketplace Losses, Pawnee Year-End $12.4MM Profit
- State of the Leasing Industry
   by Christopher Menkin
- Richest Man in Leasing: Steven Udvar-Hazay
- Lease Company vs. Commercial Equipment Finance Company?
- Leasing Gypsies Strike Again in Southern California
  Bulletin Board Complaint
- High Risk Lenders Use Native American tribes by Jeffrey Taylor
- Snowflake Financial---A new angle
  Bulletin Board Complaint
- From Zero to over $450 Million in One Year
- License Up-Date for Leasing in United States
- Loan/Lease Statute Up-Date
- Church Kiosk Fray---Comes back to bite Balboa on the...
- Tyco Kozlowski Mansion Sold to Direct Capital CEO & Wife
- Business Leasing Northwest, Seattle, Washington
   Bulletin Board Complaint
- Brican America---Update
- Bulletin Board Complaint---ACC Capital
- Leasing Brings Resource America to a serious loss by Christopher Menkin
- Six Years to Name Final Royal Links Scam Principal
- Vaughn Indicted for defrauding banks, leasing companies
- Wildwood employees get prison for Leasing Ponzi scheme
- Operation Lease Fleece---2011 Update
- IFC Credit Corporation BK—Up-date
- De Lage Landen: A Teachable Moment by Bernie Boettingheimer, CLP
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- I should have called Lease Police!
   by Christopher Menkin
- PinnFund/PinnLeasing Michael Fanghella Out of Jail Seeks $150,000 Job
- Three Class Action Suits re: Brican America
- Verifying Tax Returns
- NorVergence---still going
- Starting a Leasing Company-Four Parts
   by Mr. Terry Winders, CLP
- Free Mobile Wine Program
- 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)
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