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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.

Thursday, October 6, 2011

Today's Equipment Leasing Headlines

- David H. Padden Passes Away
- Classified Ads---Asset Management/Controller
- Banks and Creditors Could Just Cry
    by Christopher Menkin
- Hugh Swandel This Sunday for Chris Walker
Last Day for mail-in/online Registration, ELFA Conference
- Bob Fisher to attend NAELB Conference for Ascentium Capital
    plus Dwight Galloway from RLC Leasing
Litehaus Simplifying Leasing
Shelly and Rick Wilbur Ask for Contribution Lymphoma
Classified Ads—Help Wanted
New Hires---Promotions
Austin, Texas---Adopt-a-Dog
Interest Rates on CDs to Decline Farther
- Aliens/Le Fe3mme Nikita/Crouch Tighter, Hidden Dragon
  Kill Bill Vol. 1 & 2/ True Grit
  Special Girl Power Edition by Fernando Croce
Classified----Leasing Attorneys Available
News Briefs---
Asian Stocks Rally Over Optimism About Europe
 David Moro Sentenced $4.2 MM Broadcasting Equipment Lease Fraud
   Ellison unveils new cloud, trashes
      Whitman hopes to decide fate of HP PC division this month
   Friendly’s closes 63 stores as ice cream chain files for bankruptcy
      Boston businesses brace for prolonged NBA lockout
           Pizza in 90 seconds -- from a vending machine

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

   You May have Missed---
     Gimmie 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.


David H. Padden Passes Away

Jim Padden of Padco Lease, Chicago, Illinois, is sad to inform readers that his father David H. Padden, the founder of the company has passed away.

"David H. Padden 84, Oct. 2, retired President and Founder of Padden and Co. and Padco Lease Corp. Beloved husband of Joan, nee Gallagher for 61 years; loving father of Kevin (Nina), James (Kelly) Padden, Mary (Mark) Massery, Michael (Sheila) Padden, Nancy (Robert) Barrett, Kathleen (Dan) Hansen and Susan (Tony) Kuligowski; dear grandfather of 15 and great-grandfather of two; brother of the late Charles (the late Mary Ellen); uncle of many nieces and nephews. Founder and Chairman Emeritus of the Heartland Institute of Chicago., Founding Director of the CATO Inst. of Washington, D.C., director and supporter of many other free market public policy organizations. 52 year member of Beverly C.C., life long supporter of the Lyric Opera of Chicago. Funeral for today, Thursday, 9 a.m. from Donnellan Funeral Home, 10525 S. Western, Chicago., to St. Barnabas Church, 10134 S. Longwood Dr., Chicago., Mass 10AM. Interment Holy Sepulchre Cemetery.

"In lieu of flowers, memorials would be appreciated to Alzheimer's Association, Greater Illinois Chapter, 8430 W. Bryn Mawr, Suite 800, Chicago., IL. 60631. Info: 773-238-0075.

"Please sign guest book at"


Classified Ads--- Asset Management/Controller

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

San Francisco, CA
Ten years experience setting residuals, negotiating leases and remarketing equipment across a broad spectrum of large ticket asset types including marine, intermodal, mining, energy, manufacturing.
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
Chicago, IL
experienced in lease accounting, operations, management, and Sarbanes-Oxley. Seeking position with equipment lessor. Would consider contract assignments or relocating.
Southeastern, MI
Controller & Management experience w/ equip lessors &broker. MBA, CPA w/ extensive accounting, management, securitization experience with public and private companies. Willing to relocate.

Southern CA
20 years exp. as hands-on leasing CFO, managing accounting, treasury, FP&A, including securitizations, Great Plains/FRx, budgets, risk management.  MBA.  Also available as interim Controller/CFO, consultant.


Free Posting for those seeking employment in Leasing:

All “free” categories “job wanted” ads:

Please send to a colleague and ask them to subscribe.
We are Free!!!


Banks and Creditors Could Just Cry
by Christopher Menkin

Allied Health Care Services banks and other creditors are quite angry with the fees and compensation that now total $513,347.11, actually a very small part of the $130 million Ponzi scheme orchestrated by Charles K. Schwartz.

"We have managed to get past the hole that was Allied and like most of the creditors are simply watching this process unfold, objecting where we feel we need to and otherwise hoping that the Trustee is able to collect some funds for distribution.

“I received the attached notice* the other day and was somewhere between shocked and outraged when I opened it. It is a request from the accountants for the trustee to collect $512,000 in fees. I was hoping you’d publish it and see if we can create some sort of swell from the creditors to demand a full accounting (no pun intended).

"At the rate the accountants are burning through the money, the creditors may never see a dime."

(name with held)

The two being compensated the most appear to be:

Anthony R. Calascibetta $70,800
Robert J. Wright $299,927

An accounting of their time is noted in the PDF that follows.

What seems to bother the creditors the most is that none of the equipment they financed exists, and the company assets are few, and what is left are old vehicles and farm equipment, plus real estate, as well as several empty lots, with little value. They are afraid, and rightfully so, there will be nothing left for them. On the plus side, this may be over before two other famous ones are continuing.

The Equipment Acquisition Resources bankruptcy will also see very little for creditors, as all the equipment has been sold, what really existed, and most were in poor condition, old, and sold at discounts overseas to get a better prices, as I understand it.

This is the July 15, 2010 request:

"Arnstein & Lehr, counsel for Equipment Acquisition Resources, Palatine, Illinois has filed for compensation and reimbursement for expenses for the period October 23,2009 through July 15, 2010; $254,249.50 for legal services and $11,660.63 in expenses. A full breakdown of the work and hours in several detailed charts is available with highlights of 666 attorney hours (Barry A. Chatz 123.4 hours with 2010 hourly rate $595; George P. Apostolides, 174.2 hours at $420 hourly rate and Kevin H. Morse, 94.5 hours at 2010 hourly rate of $265 (the attorneys rates increase from 2009 to 2010--Chatz from $465 to $595, Apostolides $405 to $420, Morse from $255 to $265.)"

I haven't seen the latest bill as there also appears to be several cases being criss-crossed with the IRS and others. There are hearings on many claims, and this was quite a complicated case with a lot of work on banks, credit cards, casino's, equipment, and a real nightmare.

And don't mention NorVergence, the bankruptcy claims still being settled and this has been going on since June, 2004.

All three of these frauds could have been avoided if the creditors had been subscribing to Lease Police, as it involved vendors, as well as the value of the equipment from the vendors.

* October 24: Wiss & Company, LLP, Accounts to the Trustee

Fees and Summary for Fees PDF:

Exhibit C Details:

Allied Health Care Services stories:

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


Hugh Swandel This Sunday for Chris Walker

Hugh Swandel, the Alta Group, is running this Sunday in the 2011 Bank of America Chicago Marathon, Chicago, Illinois. He has raised the Fund Raising Goal to $15,000 help Chris Walker, GreatAmerica Leasing, President, Certified Financial Professional Foundation, also on the Board of Directors of the National Equipment Financing Association.

Originally $5,000, the leasing industry has responded.

"I was greatly saddened to learn my dear friend has been diagnosed with pancreatic cancer. He is a true gentleman and his handling his battle with poise, class and dignity. I have been at a loss at how I can help a friend and colleague who lives far away but is constantly in my thoughts.”

To View Hugh Swandel’s Page with Donor’s Listed:





Last Day for mail-in/online Registration, ELFA Conference

This is a major event where the association celebrates its 50th
Anniversary, the first and oldest leasing association in America.

October 23-25th ELFA 50th Anniversary Conference
San Antonio, Texas

Monday, October 10, 2011

Last day for mail-in and online registrations. After this date registrations can be made on-site. Please note: There are no refunds of registration fees after this date.

Conference Brochure:

Program Guide:

What Previous Attendees are Saying:

Registration Forms:

Share Your Anniversary Message

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



Bob Fisher to attend NAELB Conference for Ascentium Capital
plus Dwight Galloway from RLC Leasing

by Christopher Menkin

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

Long time leasing executive leasing executive Bob Fisher, CLP, former president of the National Equipment Finance Association parent and CEO of several leasing companies is registered to attend the NAELB Atlanta Conference representing Ascentium Capital, where he was recently appointed vice-president, business development. *

While not in the funding presentation, this conference will also have Dwight Galloway, CLP, now in charge of a division of Navitas Lease Corp. It is interesting to note that neither Ascentium Capital or Navitas Lease Corporation appears to be licensed by the California Department of Corporations as a California Finance Lender. Navitas applied a long time ago, and Ascentium may have, too, and as well as other states, but several apparently not licensed either.

It is against the law to do business without a license and may not only jeopardize the lease, but lead to class action filings, fines, or worse, a ban from doing business in the state should either company being doing business in states they are not licensed.

Leasing News will be writing more about this next week, involving other companies not licensed. with the purpose of stepping up its campaign against companies who are abusing Evergreen clauses as well as other illegal activities, such as not being licensed to do business in specific states.

Yes, back from vacation and with more determination as going to step up Leasing News as the watchdog of the industry. Look for more features and more action.

Five New Funders Joining the Presentation:
Ascentium Capital, LLC
Blue Bridge Financial, LLC
First Federal Leasing
RLC Funding

Dwight Galloway is part of the "Preparing for the Recovery" panel which also includes:

Jim Blumberg, MIJ Associates, LLC, as Moderator
Corey Bell, United Funding, LLC

"Are you ready to break out and get positive about the economic recovery? Then this session is tailored just for you. Discuss with your fellow members what it will take to seize the opportunities of the coming economic recovery.

“Learn from industry veterans who have experienced past economic hardships and how they took advantage of the changing conditions and prospered. With many funding sources exiting the industry or modifying their criteria to address today’s climate, learn how to understand these changes and adapt to get more approvals. A discussion on vendor prospecting is included as well as why today is the BEST time to go after new vendor relationships.

“Walk away from this session with an entirely new POSITIVE outlook on the ever-changing economy."

NAELB Eastern Regional Exhibitors
(as of September 30, 2011):

360 Equipment Finance
Amerisource Funding
Ascentium Capital, LLC
Bankers Capital
Blue Bridge Financial, LLC
Bulldog Truck & Equipment Sales
Collateral Specialists, Inc.
Dakota Financial, LLC
Financial Pacific Leasing, LLC
First Federal Leasing
Maxim Commercial Capital, LLC
MicroBilt Corporation
Pawnee Leasing Corporation
Preferred Business Solutions
RLC Funding
TEAM Funding Solutions

$125 Member
$115 sends member attendee
$260 Associate Member
$200 Broker Non-Member
$360 Funder Non-Member

Full Schedule:

Registration Form

* Previously he was vice-president, small business banker, Bank of America (February, 2011--September, 2011), Executive Vice-President, National Sales Manager, Main Street Bank, Kingwood, Texas (December 2004-2010),, Sales Manager, Nassau Asset (2003- 2004),, President, FireRock Capital (2002-2003) President, Fisher Anderson, LC (1996-2002)National Credit Manager, New Era Funding (1993-1996), National Credit Manager, Datronic Rental Corporation (1990-1993), CIT ((1987(perhaps earlier)-1990))The College of New Jersey BS, health and physical education (1965 – 1973 ).UAEL - Past President 2002. United States Marine Corps

Fall Leasing Conference Schedule---Up-date:






Shelly and Rick Wilbur Ask for Contribution Lymphoma

"As most of you know Shelly was diagnosed with Lymphoma in 2000. Initially the prognosis was vague and my hopes for our future were uncertain and depressing. Fortunately Carey and Jen got pregnant and gave birth to Macie who instantly became Shelly’s favorite (and only) grandchild and a great inspiration for Shelly to hang around and make sure Macie had a special pal. Now here we are many years and two more grandchildren later (Hudson and Jacob) and Shelly is chugging along striving to become the best grandmother ever to walk the face of the planet. She desperately wants be at all of the grandchildren’s graduations, and birthdays and games and weddings and who knows maybe the birth of a great grandchild. Although I wouldn’t have given you 2 cents for her chances to get this far when we first got the bad news 11 years ago, today I wouldn’t bet against her. All we need to help her out is a little help from our friends in the laboratory. "

"In 2009 Shelly received a relatively new treatment (chemo & Rituxan) and she is still reaping the benefits today. Although she suffers from fatigue she is in recession.…at the moment. Furthermore, the Lymphoma Research Foundation (LRF) is making great progress with several new treatments that are being investigated and tested every day. The only thing they are short of is funding. So please help us out and dig down and make a contribution. Any contribution will be greatly appreciated however large or small and if you just can’t do it this year….that’s OK. We understand that times are difficult for many and all of us have conflicting priorities. For those of you that are in the neighborhood or reasonably close by please join us for the Arizona Lymphomathon which will be held at the Phoenix Zoo on Saturday, November 12, 2011. There is no charge to walk and we have the zoo all to ourselves…..and the animals, of course. You can learn more about Lymphoma and the Lymphomathon by visiting and click on Lymphomathons and then click on AZ."

Rick Wilbur
Managing Partner
(480) 874-5400 - Phone
(480) 874-5440 - Fax
(602) 402-8409 - Cell

(web site with latest information)


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

Leasing Industry Help Wanted

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

Please see our Job Wanted section for possible new employees


New Hires---Promotions

James Brady is now marketing, strategic planning consultant at Consultant-Contract Marketing, Greater Seattle Area. He previously was SVP, Director of Marketing, Banner Bank (April, 2011-September, 2011), VP, General Manager, ABCO Leasing (July, 2006-April, 2010), SVP Market Development, Capital Stream (1998-2000), VP General Manager, MetLife Capital Business Finance (1996-1998). University of Washington, Michael G. Foster School of Business MBA, Finance and Marketing (1976 – 1979).

Ed Cipro named director Federal Funding at TD Bank Equipment Finance, Annapolis, Maryland. He previously was Zone Finance Manager, Siemens Medical (March, 2007-August, 2011), Director Capital Markets-Leasing, US Bank (March, 2005-March, 2008), VP, Syndication, General Electric (2001-2006), Senior Buyer, GE Commercial Finance (2001-2006), VP-Area Manager, AT&T Credit Corp. (1997-2001), Senior Vice-President, Signet Bank Leasing (1983-1996), Credit Manager, Westinghouse Credit Corporation (1977-1982). Loyola College in Maryland Masters, Finance (1982 – 1988), St. Francis University BS - Economics (1972 – 1976).

Lori Cooper was hired as Account Manager for United Capitol Business Lending, Previously she was Fleet Portfolio Manager, SunTrust Equipment Financing and Leasing Corp (February 2011-October, 2001), Portfolio Manager, Middle Market, SunTrust Equipment Finance and Leasing (June, 2011-Februauary, 2011),Leasing Analyst, SunTrust Equipment Finance & Leasing Corp. (January, 2009-June, 2010), Transaction Coordinator, GE Intermediary Funding (June, 2005-January, 2009), Director of Funding, Daimler Chrysler Financial Services (December, 1989-June, 2005), Lead ISO Auditor, Daimler Chrysler Financial Services of America (December, 1989-May, 2005), Loyola University Maryland MBA, Accounting (2006 – 2010), University of Phoenix BS/BM, Business Management (University of Phoenix BS/BM, Business Management (2000 – 2003), Presidential Award - Graduated with Honors.

Michael Coon was hired as vice-president, Equipment Leasing Division, TAB Bank, Greater Grand Rapids, Michigan area. He previously was Vice-President, Orion First Financial, LLC (February, 2011-September, 2011), Managing Member, Aurora Management Group, LLC (January, 2010-January, 2011), Executive Vice-President, Enterprise Funding Group, LLC, January, 2011-December, 2009), Vice-President, Business Development, Enterprise Capital Corp. (February, 1996-December, 2000), Retail Loan Business Development Officer, FMB, First Michigan Bank (April, 1993-February, 1996). Central Michigan University BSBA, Finance and Marketing (1986 – 1988).

Joseph A. DiLallo, Cleveland/Akron, Ohio, named vice president, corporate aviation finance, Key Equipment Finance, Superior, Colorado. Previously he was founder and president of GetJets Aviation Consultants, LLC (June, 2009-September, 2011), SVP/Manager, Chase Business Aircraft Finance, JP Morgan Chase (April, 2000-May, 2009), VP-Originations, Banc One Leasing Corporations (1996-2000), Leasing Originations, Star Bank (June, 1990-June, 1996). BSBA, Finance, Economics (1985 – 1990).

Yelena Sivak Dusev was promoted to vice-president TD Bank, Healthcare Finance Services Group, in Florida. She joined the bank June, 2006. Prior she was Relationship Manager, V2Park, Inc. (March, 2009-March, 2009), Commercial Loan Portfolio Officer, Philadelphia, TD Bank (July, 2006-March, 2009), Financial Analyst, Sovereign Bank (2003-2006).Temple University - Fox School of Business and Management MBA, Finance, Human Resources (2005 – 2008) Activities and Societies: MBA/MS Student Association, VP of Corporate Relations :( 2006-2007), Penn State University Bachelor's, Business, Finance (2000 – 2003).

Ann E. Fries, Sarasota, Florida area, was named vice-president, sales, Federal Government Financing, Key Equipment Finance, Superior, Colorado. Previously she was Senior Vice-President, Bank of America (1996-2007), Principal, AEF Enterprises (1992-1996), Director of Dept Placement, Cauff Lippman Aviation (1989-1993), Executive Director, Debt Placement, CIS Corporation (1987-1989), Vice-President, Hunter Keith Marshal and Company, 1986-1986), Consultant, Capital Equipment Group, CIS Corporation (1985-1985), Director of Finance, BRAE Corporation (1984-1985), Transaction Manager, Lease Underwriting Department, GATX Corporation (1983-1984), Manager, Financial Analysis Department, GATX Corporation (1981-1983), Associate Consultant, Touche Ross (1979-1981). Artistic Director, Through Women's Eyes Film Festival, UN Women, Gulf Coast Chapter (January, 2011-Presdent), member, board of directors, Manatee County Humane Society (May, 2009-Present), Volunteer, Best Friends Animal Society (2009-Present), Volunteer, Humane Society of Sarasota County (February, 2009-February, 2010), Volunteer, Make-A-Wish Foundation (January, 20098-January, 2009).University of Pennsylvania - The Wharton School MBA, Finance and Accounting (1978 – 1979), Vanderbilt University BA, History and English (1969 – 1973).

Michel Gratton was appointed vice-president principal at Services financiers Element, Montréal, Canada. Previously he was president, Services financiers Chelton (1981-2011), President, Corporation financiere Brome (1994-2007), President, Corporation de Capital Capda (1991-1994). Richard Ivey School of Business HBA, Administration des affaires (1967 – 1969), Collège Sainte-Marie Bac es Arts, Économie 1959 – 1967.

Pamela Hewett was named National Leasing Manager for eLease Funding, St. Petersburg, Florida. Previously she was CEO, PDH Financial Services (2005-October, 2011), Vice-President, Citigroup (2003-2005), Account Manager, American Express Leasing (2002-2003), Southeast Regional Account Manager, HPSC (January, 1998-January, 2002).

Jane Livingston appointed V.P., Business Development Officer for the Midwest and Great Lakes region for United Capital Business Lending, Hunt Valley, Maryland. Formerly she was SBA Business Development Officer for U.S. Bank (May, 2010-September, 2011), SBA Senior Regional Account Manager, CIT (August, 2005-June, 2010), CEO, VR Business Brokers (February, 2002-August, 2005), Director, International Strategic Marketing and Director, Data Connectivity Products, ADC Telecommunications (April, 1993-Feburary, 2002), Director, Sales and Marketing, Krone (February, 1992-March, 1993), Account Executive, AT&T (October, 1985-Feburary, 1992).The Johns Hopkins University - Carey Business School MAS, Management (1986 – 1988). San Diego State University-California State University B.S., Information Systems.

Dick O’Connor, San Francisco Bay Area, named Senior Vice President – Managing Director of Captive Services, Ascentium Capital, Kingwood, Texas. He previously was EVP-COO, Iperia (February, 2009-January, 2011), CFO, Bluefire Capital (October, 2006-January, 2008), Managing Partner, IntelliCap (April, 2001-September, 2006), SVP-Technology Division (Sierra Cities (March, 1998-January, 2001), Founder & CEO, ILM (September, 1991-March, 1998), Treasurer-GM Convergent Capital, Convergent Technologies (July, 1986-January, 1991), Minnesota State University, Mankato M.B.A., Finance, MIS (1980 – 1982), University of Saint Thomas B.A, Business Administration - Accounting (1971 – 1975), Activities and Societies: Business society, all college council, varsity athletics.

Austin Rosen appointed V.P., Business Development Officer for the Rocky Mountain West and Southwest regions. for United Capital Business Lending, Hunt Valley, Maryland. Previously he was Vice-President, Real Estate and Business Development, By the Rockies, LLC Family of Companies(August, 2008-September, 2011), Director, Holliday Fenoglio Fowler (2003-2008), Senior Real Estate Analyst, TriMont Real Estate Advisors (2001-2003), Investment Sales Associate, Marcus & Millichap (1999-2001).Babson College BS (1995 – 1999).

Mr. Terry Winders, CLP
Anaheim, California

December 12-14th
Two and One Half-Day Seminar
sponsored by
Commerce National Bank
4040 MacArthur Blvd. Suite 100
Newport Beach CA 92660
(Orange County Airport is a half-mile away)

The seminar will contain information on how to approach leasing in 2012 with the following subjects:

  • New lease language
  • Proposed new accounting rules for lessee's
  • Structuring and pricing for competition
  • Income tax rules, Article 2A vs. Article 9
  • New reasons to lease
  • Questions to ask lessee
  • Vendor needs
  • Credit enhancements
  • Documentation issues

and a take home assignment to see how to propose a lease.

Cost $450 per person

To request a complete outline contact: or for questions call 502-649-0448

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


Austin, Texas  -- Adopt-a-Dog


Breed: Lab Mix
Adult Weight: 40-50 lbs.
7 Months
Available For Adoption: Now
Minimum Adoption Fee: $165

“Hi! My name is Charlotte and I'm a nice Lab Mix. I'm a pretty girl even if I say so myself! I and my sister were left on a county road and fortunately a Good Samaritan spotted me and my sister and brought us to the Gonzales Animal Shelter. Our little bodies were covered by gazillions of fleas and we were very underweight but the shelter helped us a lot and now we're now in the care of Austin Dog Rescue in amazing foster homes!

“I'm a really happy and playful puppy; I like to follow my foster brother everywhere! I do really good around people and other dogs, I might be a little shy at first but as soon as I get to know you I'll be willing to play all day long...or just for a while 'cause I also like to take long naps after playing. :-)

“I'm learning good manners everyday, I'm a good listener and a perfect companion - Sweet as I can possible be, love to get cozy and ask for belly rubs. guess the happiest moment of my day is when I hear the cookie-jar opening, oh my gosh I love goodies!

“I am spayed, current on vaccinations, micro chipped and I even come with 30 days free insurance + I'm getting really popular around here, everyone says I'm a cutie, so hurry up and come and see me, I'll be waiting.”

Love and Kisses:


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

Adopt a Pet


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

Interest Rates on CDs to Decline Farther

The decline in CD rates is likely to continue in October especially for the highest paying long-term CDs of 3, 4 and 5years.

SAN ANSELMO, Calif.– The latest projection from Market Rates Insight ( shows that farther reduction in deposit interest rates are expected in October. The focus of the interest-rate reduction will be in CDs of 3, 4 and 5 years, projected to decrease nationally by 4, 5 and 6 bps respectively. Liquid accounts, such as checking, savings and Money Market accounts are projected to remain low and unchanged.

During October, the national average interest rate for CDs is projected to decrease 3 bps to a national average rate of 0.59 percent. Among the different CD terms, the 5-year CD is projected to have the greatest decrease of 6 bps to a national average rate of 1.22 percent, whereas the 4, 3 and 2-year CDs are projected to decline by 5, 4, and 3 bps respectively. The national average interest rate for checking, savings and MM accounts is projected to remain flat at a national average of 0.14 percent. Checking account national average is projected to remain flat at 0.11 percent, savings account flat at 0.16 percent and MM flat at 0.16 percent.

“This trend indicates that banks and credit unions continue to experience pressure on their net interest margins due to low demand for, and low rates on loans,” said Dan Geller, Ph.D. Executive Vice President at Market Rates Insight, “as long as lending demand remains soft, expect institutions to continue decreasing interest rates on deposits in order to control interest expense.”

About Market Rates Insight
Market Rates Insight (MRI, is a reputable provider of competitive-pricing information and analysis to financial institutions. MRI’s competitive data is complete, detailed and timely, which allows for the highest level of pricing precision. Therefore, the use of MRI’s competitive data ensures greater pricing optimization, and subsequently, improved profitability. In addition to competitive-pricing data, MRI also conducts pricing analysis and provides tracking of industry indexes. MRI’s indexes, published weekly in the National Pricing Indicators, are the industry standard for deposit pricing, and are viewed weekly by executives of banks and credit unions through video, audio and print channels.

For additional information contact:
Dan Geller Ph.D.
Executive Vice President
Market Rates Insight, Inc.
415-448-8813 (phone) | 415-259-0701 (fax)

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

John Kenny Receivables Management

• End of Lease Negotiations & Enforcement

• Fraud Investigations
• Credit Investigations • Asset Searches
• Skip-tracing • Third-party Commercial Collections | ph 315-866-1167|

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


Leasing News: Special Girl Power Edition
By Fernando F. Croce

With the release of "Hanna" this week, Leasing News decided to offer five other movies with strong action heroines. So check your Netflix queue, warm up the popcorn, and get ready for a blast of cinematic girl power.

Aliens (James Cameron, 1986): No stranger to strong female roles (he was, after all, the creator of tough-as-nails Sarah Connor in the "Terminator" movies), James Cameron offered one of the best action heroines of the 1980s in this slam-bang sequel to the creepy science-fiction classic, in which Ellen Ripley (Sigourney Weaver) goes from resourceful scientist to full-blown warrior. Picking up where the 1979 original left off, the story follows Ripley and a slew of rugged marines as they head into a dangerous interplanetary mission to destroy the alien species that's threatening the human race. Breathlessly exciting, filled with robust humor and visuals, and featuring an awesome, Oscar-nominated performance by Weaver, this is deservedly considered by many fans to be the finest entry in the "Alien" series.

La Femme Nikita (Luc Besson, 1990): European films may not be usually synonymous with action, but Luc Besson, French cinema's bad boy, breaks that rule with this unpredictable thriller. The "femme" of the title is one Nikita (the striking Anne Parillaud), a young drug addict who's arrested after a crime gone wrong and is sent not to prison but to a top-secret school for training government assassins. As Nikita's assignments become more deadly, she finds herself torn between her trainer (Tcheky Karyo) and her boyfriend (Jean- Hughes Anglade). Can she leave the brutal business behind and lead a normal life? Combining breathtaking action stunts with a moody style and splashes of dark comedy, Besson's one-of-a-kind cult movie gives art-house audiences an adrenaline shot straight to the heart.

Crouching Tiger, Hidden Dragon (Ang Lee, 2000): For years co-starring with Hong Kong legend Jackie Chang, Michelle Yeoh was widely known as the world's greatest female action star. So it made sense to cast her in this visually gorgeous homage to the strong women of kung fu cinema, directed by Oscar winner Ang Lee ("Brokeback Mountain"). Set in an ancient and mystical China, the journey is triggered by the disappearance of a legendary sword, an act that sends the great warrior Li (Chow Yun-Fat) along with his beloved Yu (Yeoh) on a search across the country. Joining them is the lovely, mysterious Jiao (Zhang Ziyi), whose surprising fighting skills push them further into a world of intrigue. A popular blend of beauty and action, Lee's film introduced mainstream audiences to the pleasures of classic martial-arts films.

Kill Bill Vol. 1 & 2 (Quentin Tarantino, 2003-2004): Following a six-year hiatus from screens, Quentin Tarantino ("Pulp Fiction") came roaring back with this brilliant, delirious mélange of bloody action and intense emotion, featuring arguably the greatest of the decade's heroines. That heroine would be The Bride (Uma Thurman), a professional killer who's left for dead by her boss bill (David Carradine) after trying to settle down and start her own family. The two-part epic follows her long, vengeful rampage as she settles scores with her enemies (with indelible supporting turns by Lucy Liu, Daryl Hannah and Michael Madsen) and, in the process, unexpectedly comes to learn about the importance of motherhood. By turns bloody, funny and tragic yet always exhilarating, this is a movie buff's bundle of lifelong fantasies brought thrillingly to cinematic life.

True Grit (Joel & Ethan Coen, 2010): Best known for their mordant crime tales, Oscar-winning filmmakers Ethan and Joel Coen ("No Country for Old Men") play it affectingly straight in this stirring remake of the classic 1969 Western. Playing grizzled, drunken frontier marshal Rooster Cogburn (the role that won John Wayne his only Oscar), Jeff Bridges dons a deceptively bumbling eyepatch in his journey to help Mattie (Hailee Steinfeld, in a breakout roles), a willful girl looking for revenge after the killing of her father. But will their mission lead to vengeance, or to something deeper and sadder? Wondrously shot and featuring a gallery of memorable performances, this is a sturdy old-fashioned Western, and one of the Coen brothers' finest, most loving achievements.




Client Looking For A Leasing Attorney

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


News Briefs---

Asian Stocks Rally Over Optimism About Europe

David Moro Sentenced $4.2 MM Broadcasting Equipment Lease Fraud

Ellison unveils new cloud, trashes

Whitman hopes to decide fate of HP PC division this month

Friendly’s closes 63 stores as ice cream chain files for bankruptcy

Boston businesses brace for prolonged NBA lockout

Pizza in 90 seconds -- from a vending machine


You May Have Missed---

Remembering Steve Jobs

Apple says the company’s co-founder Steve Jobs has died. He was 56.

In a brief statement the company said Jobs died Wednesday. He had been battling pancreatic cancer.

Apple posted this statement on its website: "Steve Jobs, 1955-2011. Apple has lost a visionary and creative genius, and the world has lost an amazing human being. Those of us who have been fortunate enough to know and work with Steve have lost a dear friend and an inspiring mentor. Steve leaves behind a company that only he could have built, and his spirit will forever be the foundation of Apple."

At American Leasing, did some early leasing for Apple Computer, and ran this in Leasing News the day Steve Jobs announced his retirement "Six Great Steve Jobs Moments Caught on Camera",2817,2391836,00.asp#fbid=7UgZzXRirfP


“Gimme that Wine”

Enjoying Cabernet of a Certain Age---by Eric Asimov

Wine Writer Robert Finigan Dies

Beginner drinkers get a crush on sweet red wines

Wine Tasting for 1,000 With Robert Parker

Love Those California Whites? Then Try Chile’s Sauvignon Blanc
(try Anakena Wines Sauvignon Blanc Central Valley---phenominal value for the money)

Free Mobile Wine Program

Wine Prices by vintage

US/International Wine Events

Winery Atlas\

Leasing News Wine & Spirits Page


This Day in American History


     1683 - The first Mennonites debarked for America on the Concord: 13 German and Dutch families from Krefeld Germany, led by Francis Daniel Pastorius. They were induced to come to American through the generosity of William Penn, who offered them 5,000 acres of land in Pennsylvania and freedom from religious persecution. Their settlement, called Germantown, is now a neighborhood in Philadelphia.
    1780-Henry Laurens of Charlestown, SC, president of the Continental Congress from 1777 to 1778, was imprisoned as an enemy agent in the Tower of London. On August 13, 1780, Laurens sailed from Philadelphia, PA, on the brigantine Mercury en route to Holland, where he was to negotiate a loan and treaty. Three weeks later, he was captured by the British off Newfoundland. He threw his papers overboard, but they were recovered and led to the British declaration of ware against Holland. From October 6, 1780 to December 31, 1791, he was imprisoned in the Tower on suspicion of high treason, and was forced to pay for his room, board, and guard. he was released in exchange for the British army leader Lord Cornwallis, who had surrendered to General George Washington at Yorktown, VA. Laurens, with Benjamin Franklin and John Jay, drew up the preliminary treaty of peace with Great Britain on November 30, 1782, to terminate the Revolutionary War.
    1781 - Americans and French began the siege of Cornwallis at Yorktown, the last battle of Revolutionary War. They began digging the first parallel trenches, a distance of 500 to 600 yards from the enemy's works. A French wagon train arrived at the siege site.
    1825—The first giant exhibited as a theatrical attraction was Patrick Magee, “ Just arrived from Ireland,” who went on exhibition on October 26, 1825 at 13 Park Park Exchange, New York City, from 7am until 10 pm. A charge of 25 cents was made to see the giant, “conspicuous for the masculine beauty of his form and his surprising strength.”
    1836-a second early season snowstorm produced 25 inches of wet snow at Auburn, NY and 11 inches at Wilkes-Barre, PA. All the mountains in the northeast were whitened.
All the mountains in the northeastern U.S. were whitened with snow.
    1846-George Westinghouse birthday—Engineer and inventor of the air brake for trains, born at Central Bridge, NY. He was the first employer to give his employees paid vacations. Westinghouse died at New York, NY, March 12, 1914.
    1848-The S.S. California, 10,1050 tons, left New York City to establish steamboat service to California around Cape Horn. It stopped at Rio de Janeiro, Brazil, Valparaiso, Chile: and Callao and Paita, Peru. On February 28,1949, the ship reached San Francisco, where most of the crew deserted to work the gold fields.
    1857-The first chess tournament of importance was held this day to November 10, by the American Chess Congress in New York City under the sponsorship of the New York Chess Club. The victor of the grand Tournament was Paul Charles Morphy, who received the first prize, a silver service consisting of a pitcher, four goblets, and a salver. Murphy was 20 years old and from New Orleans, LA. IN the years     1957-59, he played 95 games, including 68 victories, 14 draws, and 13 losses. He won the Grand Tournament of the First National Chess Association in England and France, held from July 19 to August 22, 1858.
    1867-Frank Sparks, John Reno, and Simeon Reno boarded an Ohio and Mississippi Railroad baggage and express car while it was getting into motion and threw off two safes, one containing $15,000 and the other $30,000, considered the first train robbery. The second safe was recovered. The bandits were arrested, freed on bail, and never tried, although they were later convicted of other crimes. Robbing trains became common.
    1884 - Department of the Navy establishes the Naval War College at Newport, RI. Secretary of the Navy William E. Chandler signed General Order 325, which began by simply stating: “A college is hereby established for an advanced course of professional study for naval officers, to be known as the Naval War College.” The order went on to assign “the principal building on Coaster's Harbor Island, Newport, R.I.”—the Newport Asylum for the Poor, built in 1820—to its use and “Commodore Stephen B. Luce . . . to duty as president of the college.” Such were the humble beginnings of what is now the oldest continuing institution of its kind in the world. 
    1905-Helen Wills Moody (Roark) birthday, tennis player born at Centerville, CA. Perhaps the greatest American tennis player, Wills Moody won 31 major titles, including Wimbledon eight times and the US championship seven times. From August, 1926, through 1935, she did not lose a Roark match nor even a single set. She led a reclusive life after retiring, but she painted and wrote mystery novels and her autobiography, Died at Carmel, CA, 1998.
    1906-Birthday of Janet Gaynor, born Laura Gainor at Philadelphia, PA. She became the first winner of the Academy Award for Best Actress for her cumulative work in two 1927 filmes, Sunrise and seventh Heaven, and for 1928's Street Angel. Gaynor died September 14,1984 in Palm Springs, Ca.
    1916 -- Stanley Ellin born Brooklyn, NY. American mystery writer, one of the modern masters of the genre.
Best known for his short stories. Received Edgar Allan Poe Award from the Mystery Writers of America in 1954 (for the short story The House Party), 1956 (short story The Blessington Method) & 1958 (novel The Eighth Circle), & in 1975 he won Le Grand Prix de Littérature Policière for the novel Mirror, Mirror on the Wall.
    1917- Fannie Lou Hamer birthday- Afro-American civil rights activist. She led the Mississippi Freedom Democratic Party and risked her life to register voters in Mississippi. She'd became active with the Student Nonviolent Coordinating Committee (SNCC) although she only had a sixth-grade education. The group successfully challenged the various laws that excluded most blacks from voting. It was dangerous as bigoted whites sometimes resorted to violence to keep blacks from exercising their constitutional rights. Fannie Lou Hamer was the youngest of 20 children of a sharecropper family and worked the fields at a very young age. She spent most of her adult life working to improve the economic conditions of blacks in the south. As a newsman, I interviewed her in person, and many times by telephone during the Democratic Convention. Died March 14, 1977.

    1917 -- Word "jazz" first used in print. The "Literary Digest" described jazz as music that caused people to, "shake, jump & writhe in ways to suggest a return to the medieval jumping mania."
1926-Babe Ruth hit three homes runs in the fourth game of the World Series against the St. Louis Cardinals. The Yankees won the game, 10-5, but the Cardinals won the Series in seven games.
    1927 - The film "The Jazz Singer" starring Al Jolson opened in New York City. It was the first full-length feature film to include spoken dialogue and is regarded as the first "talkie." The film was based on the short story "The Day of Atonement" by Sampson Raphaelson. In reality, The Jazz Singer was not a true talkie. There were only 291 spoken words in the landmark film; however, it was the first to integrate sound and this small amount of dialogue into a story through the Vitaphone disk process; and the first to entertain a large audience. The talking part was mostly singing, and it was Al Jolson who made the flick a success, proving to the critics that an all-talking film could work. (Because he didn't think the pioneer of talkies would be all the rage, George Jessel actually turned down the starring role; as did Eddie Cantor.) A silent version of the film was released to movie theaters who had not yet popped for the $20,000 or so it cost to rewire their venue. The audience was thrilled with Jolson's sound performance as a cantor's son, Jake Rabinowitz, rejecting the world he came from to become a singer of popular music, changing his name to Jack Robin in the process. Although not jazz as we know it, the songs Jolson sang became part of American music culture: Toot Toot Tootsie (Goodbye), Blue Skies, Waiting for the Robert E. Lee and, of course, My Mammy. For those truly with a need to know, Neil Diamond did not audition for Jolson's part when finding out that Jessel had turned it down. Diamond performed in a remake of The Jazz Singer in 1980. As Jolson said, "Wait a minute, wait a minute, you ain't heard nothin' yet!" Maybe, through the wonders of modern technology, we could hear Jolson Diamond together, in concert. That would be the Mammy of all jazz singin'.
"Mammy, how I love you, how I love you, my dear old mammy!"
    1930 -- William Faulkner's novel As I Lay Dying is published.
    1941 - On Columbia Records, Claude Thornhill and his orchestra recorded "Autumn Serenade".
    1941 -a tornado hit Kansas City, MO leaving 4 dead and causing $250,000 damage.
    1945 - Major General Keller E. Rockey, Commanding General, III Amphibious Corps, accepted the surrender of 50,000 Japanese troops in North China on behalf of the Chinese Nationalist government. 
    1947 - Bob Weir (Robert Hall) of the Grateful Dead is born in San Francisco.
    1948 -In Game 1 of the Fall Classic at Braves Field, Boston manages only two hits, but Johnny Sain beats Bob Feller and the Cleveland Indians, 1-0 . 'Rapid Robert' appears to have pickoff Phil Masi at second but umpire Bill Stewart says safe, and Tommy Holmes follows with a single which scores the game's only run.
    1949 - American-born Iva Toguri D'Aquino, convicted of being Japanese wartime broadcaster Tokyo Rose, was sentenced in San Francisco to 10 years in prison and fined $10,000. Though forced to broadcast to the troops, she claimed that she, with the help of American POWs assigned to the radio broadcasts, made herself and her words purposefully ridiculous. She had refused to give up her American citizenship, despite pressure and even punishment from the Japanese who forced her into the broadcasting role. In the 1970s a public campaign brought to light the testimony of the POWs who worked with her and supported her story. The testimony of the witnesses against her was questioned. Eventually she was pardoned by President Gerald Ford. After her imprisonment she returned to Chicago where her family owned a store. She continued to work at the store into her eighties. 
    1951 – In a night assault, Hill 931, the highest peak at Heartbreak Ridge, was secured by troops of the 2nd Infantry Division's 23rd Infantry Regiment after bitter fighting.
    1952 - The battle for White Horse Mountain in the Chorwon Valley took place. The defending ROK 9th Infantry Division inflicted 10,000 casualties in fierce combat with the attacking Chinese 38th Army at a cost 3,500 ROK casualties. During the battle, the ROK forces launched nine separate attacks against the communists. 
    1954---Top Hits
Hey There - Rosemary Clooney
I Need You Now - Eddie Fisher
If I Give My Heart to You - Doris Day
I Don't Hurt Anymore - Hank Snow
    1955-Billboard reports major Hollywood studios are getting into the rock & roll film biz. Twentieth Century-Fox with "Do Re Mi," starring Fats Domino, Jayne Manfield and Little Richard and another project called "Cool it, Baby." Paramount has "Lonesome Cowboy," with Elvis Presley as the star. (The film is never made.)
    1956--"Love Me Tender" sung by Elvis Presley is released. 
    1958-Billboard story claims that "payola, that under-the-turntable device whereby record companies win plugs and influence disc jockeys, is fast growing into a monster that may yet destroy its creators. According to key record execs, jockey payola is so widespread that it's no longer possible to measure its effectiveness." There is no mention of Alan Freed, whose career will shortly be killed by payola scandal.
    1958-Conway Twitty's "It's Only Make Believe" enters the pop charts at #47. It will be Number One in both the U.S. and U.K.
    1959 -The largest crowd ever to attend a major league game, 92,706 fans, watch a nail biter as White Sox hurler Bob Shaw beats Sandy Koufax and the Dodgers, 1-0 in Game 5 of the Fall Classic.
    1961 - JFK advised Americans to build fallout shelters from atomic fallout in the event of a nuclear exchange with the Soviet Union. 
    1962- Robert Goulet stepped out of the role of Sir Lancelot after singing/acting the part since 1960. The fabulously successful Broadway musical, Camelot, also starred Richard Burton as King Arthur and Julie Andrews as Queen Guinevere.
    1962---Top Hits
Sherry - The 4 Seasons
Monster Mash - Bobby “Boris” Picket
Let's Dance - Chris Montez
Devil Woman - Marty Robbins
    1963- The Dodgers complete a four-game World Series sweep of the Yankees as Sandy Koufax wins his second game, 2-1. Frank Howard leads the offense with a home run and a single and New York's first baseman Joe Pepitone's error (loses a thrown ball in white-shirted crowd) leads to the decisive run in the seventh inning. 
    1965-Gary Lewis and the Playboys enter the studio to record two of their biggest hits, "She's Just My Style" and "Sure Gonna Miss Her". 
    1965-- Sandy Koufax declines to pitch the first game of the World Series against the Twins because game is scheduled on Yom Kippur, the most sacred of the Jewish holidays. As the Dodgers’ southpaw attended shul and fasted on the Day of Atonement, his teammates loses to Minnesota, 8-2.
    1966-- At the age of 20, Jim Palmer becomes the youngest player to pitch shutout in World Series as the young Oriole hurler blanks Sandy Koufax and Dodgers, 6-0. It will be Koufax's last major league appearance.
    1966--The state of California declared LSD a controlled substance, which made the drug illegal. In response to the criminalization of psychedelics, San Francisco hippies staged a gathering in the Golden Gate Park panhandle, called the Love Pageant Rally. As explained by Allan Cohen, co-founder of the San Francisco Oracle, the purpose of the rally was twofold — to draw attention to the fact that LSD had just been made illegal, and to demonstrate that people who used LSD were not criminals, nor were they mentally ill. The Grateful Dead played, and some sources claim that LSD was consumed at the rally. According to Cohen, those who took LSD "were not guilty of using illegal substances...We were celebrating transcendental consciousness, the beauty of the universe, the beauty of being.
    1967 -Hippies blocked the intersection of Haight and Ashbury streets to celebrate the "Death of Hip." Another in the series of Digger pageants that played out on the streets of the Haight Ashbury and the City. This one occurred one year to the day from that of the Love Pageant Rally…from The Diggers
    1969-For the first time in Beatles history, a George Harrison song gets the A side of a 45. "Something" backed with Lennon and McCartney's "Come Together" will reach Number One next month.
    1970---Top Hits
"Cracklin' Rosie," Neil Diamond.#1
Ain't No Mountain High Enough - Diana Ross
Lookin' Out My Back Door/Long as I Can See the Light - Creedence Clearwater Revival
Candida - Dawn
There Must Be More to Love Than This - Jerry Lee Lewis
    1973- Rebecca Lobo birthday- U.S. basketball player. RL led her Connecticut University team to a perfect 35-0 record and the NCAA title. While she was winning a Phi Beta Kappa key for herself with a 3.6 grade average She is an outstanding center-forward player for the New York pro women's basketball team. Unfortunately she had to sit out the 1999 season because of an injury. She stand 6'4" and usually weighs about 180.
    1973-The Doobie Brothers' "China Grove" peaks at #15 on the singles chart while Paul Simon's "Loves Me Like A Rock" peaks at #2.
    1973-Cher had the top tune in the US with a song written especially for her, "Half-Breed".
    1976-Rick Dees and His Cast of Idiots receive a gold record for one of the more bizarre novelty hits of the decade, "Disco Duck." In December, it will become only the fourth single ever to be certified platinum.
    1978--- The Rolling Stones' Mick Jagger apologizes to activist Jesse Jackson, who raised a public outcry over the lyrics of the Stones' recent song "Some Girls," specifically the line "black girls just want to get ------ all night." Jagger refuses calls to change the lyrics.
    1978---Top Hits
Kiss You All Over - Exile
Hopelessly Devoted to You - Olivia Newton-John
Summer Nights - John Travolta & Olivia Newton-John & Cast
Heartbreaker - Dolly Parton
    1979-The Eagles' "Heartache Tonight" is released.
    1979-Fleetwood Mac's "Tusk" is released.
    1979-Van Halen's "Beautiful Girls" peaks at #84 on the singles chart.
    1980- In the 163rd game of the season, the Astros beat the Dodgers, 7-1, to capture the National League West division as Houston wins its first title in the franchise's 19-year history. The Dodgers had swept a season-ending three game series with the 'Stros (3-2, 2-1, and 4- 3) making the one-game play-off necessary.
    1984 - The temperature at Honolulu, Hawaii, reached 94 degrees to establish an all-time record at that location.
    1984- David Bowie's "Tonight" album hits #11 on the chart.
    1985—Pitcher Phil Niekro of the New York Yankees won the 300 th game of his career, shutting out the Toronto Blue Jays, 8-0, on the last day of the regular season. Niekro finished his career in 1987 with 318 wins.
    1985 - A tropical wave, later to become Tropical Storm Isabel, struck Puerto Rico. As much as 24 inches of rain fell in 24 hours, and the severe flooding and numerous landslides resulting from the rain claimed about 180 lives. 
    1986---Top Hits
Stuck with You - Huey Lewis & The News
Friends and Lovers - Gloria Loring & Carl Anderson
When I Think of You - Janet Jackson
Always Have Always Will - Janie Frickie
    1987 -the heat continued in the west with highs of 85 at Astoria, OR, 102 at Sacramento CA. Temperatures at Tucson reach 101 equaling the all-time October high.
    1989 - Temperatures soared into the 90s across southern Texas. Afternoon highs of 93 degrees at Houston, and 96 degrees at Austin and Corpus Christi, were records for the date. Beeville was the hot spot in the nation with an afternoon high of 101 degrees.
    1990-Neil Young and Crazy Horse's reunion album "Ragged Glory" LP peaks at #31.
    1991 - Elizabeth Taylor married for the 8th time to a construction worker named Larry Fortensky. The wedding was held at Michael Jackson's estate in California.
    1991 - University of Oklahoma professor Anita F. Hill, former aide to U.S. Supreme Court nominee Clarence Thomas, testified before a Senate committee that Thomas sexually harassed her, and the allegations nearly undid Thomas' nomination to the High Court.
    1991-- The Fox TV network airs the special Ray Charles: 50 Years of Music, featuring guests Stevie Wonder, Willie Nelson, Paul McCartney, Randy Travis, Michael Bolton, and more.
    2000-CSI: Crime Scene Investigations premiers on TV. CBS's consistently to—rated mystery drama focuses on the Las Vegas Police forensics team lead by preternaturally clam Gil Grissom ( William Petersen). “CSI” bring science to the foreground with close-u looks at technology and lab techniques. The 100 th episode aired November 18,2004. The show spawned equally successful spin-offs: CSI: Miami” and CSI: New York.”
    2001- With the club's 116th win, the Mariners tie 1906 Cubs as the winningest team in major league history. Bret Boone's 37th home run of the season and the shut out pitching of five Seattle pitchers proves to be the difference in the 1-0 historic wins over the Rangers.
    2001- At Camden Yards in front of a full house including Orioles notables Frank Robinson, Jim Palmer and Earl Weaver as well as Commissioner Bud Selig and former President Bill Clinton, Cal Ripken plays his 3,001st and final game. After a hitless night for 41-year-old, the final out of the 5-1 loss to Red Sox is made as Cal watches from the on deck circle.
    2003-- Defeating the A's, 5-4, the Red Sox become the seventh team to win the last three games to win a best-of-five playoff series. Other teams to overcome an 0-2 deficit include the 1981 Dodgers (Astros-NLDS),1982 Brewers (Angels-1982), 1984 Padres (Cubs-NLCS), 1995 Mariners (Yankees-ALDS) ,1999 Red Sox (Indians-ALDS), and the 2001 Yankees (A's-ALDS).
    2005-- Reds' outfielder Ken Griffey Jr.(.301, 35, 92) and Yankee first baseman/DH Jason Giambi (.271, 32 , 87 ) are voted the Comeback Players of the Year in their respective years. For the first time, the winners of the award are determined by the fans voting on
    2006--- Before Game Three of baseball's AL Divisional Playoff in Detroit, MI, the Four Tops sing the US national anthem.

World Series Champions This Date

    1936 New York Yankees
    1941 New York Yankees
    1947 New York Yankees
    1963 Los Angeles Dodgers




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Top Stories

(chronological order)

- Jules and Associates, Los Angeles, California
    Bulletin Board Complaint
- Dwight Galloway's RLC Funding Up and Running---but California
- Responses to Working with a Smaller Bank Question
- Leasing Gypsies
- Depping Secedes from the Government Banking Regulators
- NorVergence’s Tom Salzano on Trial in Louisiana
- Dwight Galloway's RLC Funding Up and Running---but California
- Responses to Working with a Smaller Bank Question
- Sheldon Player et. al. Back to the IRS
- More on Chase Industries Embezzlement
- New Jersey Bankruptcy Court Slams Lender for Usury

     by Thomas E. McCurnin & Frank Peretore
- Ed Castagna's InPlaceAuction joins
     On Line Equipment Auction List
- President and CFO of HL Leasing Found Liable Ponzi scheme
- Steve Hudson Back on the Lease Hunt
  Is He Coming to the United States?
- President and CFO of HL Leasing Found Liable Ponzi scheme
- Where in the World is Loni Lowder of ACC Capital?
- Leasing hiring index falls in Q2 after six straight quarters of growth
- More on Brendan Messenheimer Sentencing
  CFA to Merge with NFA
- Tom Price/Hyun Um $200/$400 Million BK
   with charges of Scam
- Somehow I missed our “On Line” Anniversary
- Shawn Halladay Explains More on Ending of Leverage Leasing
- IASB 'on way' to being global accounting standard
- Menzel in his own words admits policy on Evergreen Clauses
- Companies who notify lessee in advance of lease expiration
  and require their discounter to also notify lessee in advance
- "The courts define what is fraud, not you or anyone else”
   by Bernie Boettigheimer, CLP
- Hugh Swandel Joins Leasing News Advisory Board
- Leasing CFO Pleads Guilty $1.2 million embezzlement
- John Torbenson Celebrates 43rd Year in Leasing business
- How Much Can A FREE Repossession Cost?
- Marlin with 97 Salesmen Still Relies on Evergreen for Profit
- Newport Financial Partners, Newport Beach, California
   Bulletin Board Complaint
- Add Wisconsin to Notification Requirement Evergreen
- Crit DeMent---May Be Turning a New Leaf
- California Licenses and Checking Them
- Automatic Renewals: The States Respond
  by Barry Marks, Esq.
- C&J Leasing Convicted $8 million Lease Discount Scheme
  Day Trading Lead to his Demise
QuikTrak and others now being sued
- "Vendor Verification" hits Pay dirt on First Inspection
- Balboa Capital : Court Bypasses Lessor's Forum Clause
   as a Result of Forgery
- Unlicensed Lender & Securitization Partners get tagged for Usury
- Direct Capital Releases FinanceQuote App to Simplify Vendor Finance
- Caution! Look Out for Vendors!
- Royal Links Appeal Rules Back to Trial
   by Tom McCurnin
- More Top Leasing Web Sites
- Top Ten Cities with the Highest Credit Scores
- OneSource Develops Business License Software
- Talk About Chutzpa, Fanghella has more than Trump
- Allied Health Care Services Charles K. Schwartz Pleads Guilty
- Richest Man in Leasing: Steven Udvar-Hazay
- 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...
- Brican America---Update
- 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
- Leasing News Position on Evergreen and Winter Green Leases
- 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
- 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)
- California License Web Addresses