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View Diary: HIDDEN SECRETS: Countrywide, Bank of America & The US Patent Office (43 comments)

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  •  Law suits are in the works. (2+ / 0-)
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    War on Error, semiot

    Civil suits are different from criminal suits in that the entity charged with a tort or malfeasance can be forced to respond to interrogatories. If plaintiff's attorneys know the right questions to ask, the financial entities they are suing can be forced to reveal what they knew, when they knew it and what they did with the information. If they acquired patents to information processing systems that would enable them to make good financial predictions and didn't use them, or ignored the information produced, then they can be found willfully negligent and guilty of a tort (having done someone wrong).

    The the civil law is only about property and money, defendants can be forced to provide evidence against themselves, if a judge finds at the outset that the complaint is reasonable. Indeed, in a civil suit, if the defendant does not answer the charge and just ignores it, the judgement goes to the plaintiff automatically. That's why in civil cases, the defendants always deny the accusation. Otherwise, they've lost before the case is begun.

    We organize governments to deliver services and prevent abuse.

    by hannah on Thu Feb 07, 2013 at 02:37:43 AM PST

    [ Parent ]

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