House of Cards – Origins of the Financial Crisis ”Then and Now” – CNBC

“Let’s hope we are all wealthy and retired by the time this house of cards falters.”
-Internal email, Wall Street, 12/15/06

Prophetic words that predicted the greatest financial collapse since the Great Depression. The current global economic collapse has its roots in the sub-prime mortgage crisis.

CNBC presents the definitive report on the defining story of our time. CNBC correspondent David Faber investigates the origins of the global economic crisis, with first person accounts from home buyers, mortgage brokers, investment bankers and investors – most of whom let greed blind them, leading to the greatest financial collapse since the Great Depression.

House of Cards” premieres Thursday, February 12 at 8p | 12a ET.

cnbc.com

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Building professionals continue to fight mold

Note – Good article from the building professional side on preventing a mold problem before it starts and the odds of getting rid of all mold once it is there.  Notice they did not focus on trying to say mold infested environments do not cause illness.  

‘Got Mold?’ event aims to educate attendees on how to control moisture and prevent litigation

February 6, 2009
BY JUSTIN CARINCI

Building during the wet winter months can be a pain even if handled properly.

Handled improperly, it can turn into a moldy disaster.

Staying clear of mold problems and the lawsuits they can cause was the focus of a seminar held Wednesday at the World Trade Center in Portland. Speakers focused on preventing and removing mold, properly identifying samples and reducing legal liability.

It’s more difficult to eliminate mold than, say, asbestos, said Greg Baker, an industrial hygienist who helps companies get rid of both. Unlike asbestos, mold is a living organism.

“With mold, you can take out 99.999 percent of the particles, and the .001 percent, that little particle that does survive, is likely to come back,” Baker said. “And it will come back with an attitude.”

It’s much easier instead to deprive mold of its preferred habitat. “The way to control indoor mold growth is to control moisture,” Baker said.

Phil Henderson of Sun Forest Construction in Bend said mold is a concern even in dry parts of the state. “We used to think of this as a Western Oregon problem, but it’s more and more national,” Henderson said. “We build a lot of second homes – and it’s cold in central Oregon. Sometimes pipes break and you get mold from that.”

For a topic so clouded with fear and misunderstanding, it’s important to stay informed, Henderson said. “It’s good to get the legal and scientific takes on it.”

Any indoor air or dust sample will likely contain fungal life, said mycologist Chin Yang. That doesn’t mean every building has, or will develop, a mold problem.

“We don’t live in a bubble,” Yang said. “Fungal spores are ubiquitous. Fungi are not ubiquitous.”

The fear of mold lawsuits mushroomed a decade ago, popularizing the slogan “mold is gold” among lawyers and driving up the demand for laboratories that test for toxic mold. Many of these labs don’t have mycologists analyzing samples, Yang said. Some don’t even have microscopes.

As a result, mold paranoia has grown. Some laboratories warn their customers that a sample contains “potentially toxic mold species,” when only the genus of fungus has been identified. Penicillium, for example, might refer to a toxin-producing species or the harmless one present in blue cheese.

“If you’re going to say something’s toxic, you need to be specific,” Yang said.

Jack Levy, who manages Smith Freed & Eberhard’s construction defect group, offered some tips for developers and builders looking to defend themselves against litigation, or, better yet, to avoid litigation altogether. First, don’t wait until tradespeople and subcontractors are on site to address water intrusion issues.

“Get the architects involved,” Levy said. “Spend the money up front on that detailing.”

Tearing out siding to install flashing, for example, wastes time and money. “If you’re looking to save money,” Levy said, “the envelope is not the area to be saving any costs.”

Building in a wet environment such as the Pacific Northwest requires special attention to construction practices, Baker said. A construction site is like a laboratory, and if moisture isn’t approached holistically, it can turn into a science experiment gone wrong.

Carpenters might frame a building with awareness of the moisture content of the wood. Drywallers then add moisture as they apply mud. But if somewhere else on the job site – the laboratory – a spill or a leak isn’t reported, that could raise the moisture level enough to encourage mold growth.

As buildings are built tighter and tighter, it becomes more important that everyone on a construction site knows whom to call with questions or in case of an emergency. “Everybody should be aware of moisture issues,” Baker said.

Gayland Looney of general contractor Perlo McCormack Pacific came to the seminar to make sure he knew the best ways to protect his company and clients. “The last one of these I went to was about 10 years ago, during the whole ‘mold is gold’ thing,” Looney said.

General contractors always face the possibility of lawsuits, even years after they’ve completed a building. Often the building hasn’t been cared for properly in those years.

“That’s where we see the most problems is with people not doing maintenance,” Looney said. “It’s like driving a car for years and never getting an oil change.”

Building-professionals-continue-to-fight-mold

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Defamation??? Amazingly Riverstone Residential is upset some may actually choose NOT to move into toxic mold filled apartments at Jefferson Lakes after viewing reports & still claiming they did not (and still don’t ) know of toxic conditions!

Maybe they should read the mold testing reports – mold inspection reports.  

I am posting the information about the type of testing for mold management finally had done in the apartment we were leasing.  This was after they tried to get by with telling us Guarantee Systems (a duct and carpet cleaning company that was at that time cleaning HVAC ducts and dryer vents frequently) would come in and test and clean in an afternoon).  Thirty minutes before they came to do mold testing, Ralph Oby (head maintenance) pounded on our door and shouted “You don’t know who owns this place do you?” 

Notice at bottom of the last page – ***Contract was signed with sample costs equal to $50.00/sample for 5 day lab T/A.  However, Ralph/Connie requested 24-hour lab T/A and new pricing ($87.00/sample) was verbally accepted and agreed on 5/10/05.   A 24 hour air test will usually not show mold – it needs at least 48 hours.   

Notice they did not opt for the visual inspection and photo documentation because it looked like this – photos of mold in apt – and they knew it. 

More information will be posted to show they knew (or should have known of these conditions) – my Microbial | Fungal | IAQ Report (and see court documents – Affidavit – Plaintiff’s 2005 Microbial-IAQ-Fungal Report – Envirotest, Inc – Jefferson Lakes Apts), maintenance records showing years of leaks in the apartment, and the unusual amount of duct and dryer vent cleanings.  Our unethical attorney subpoenaed records from the testing company management used (also the same company that did the testing for units in the complex in 2007) for 3 years previous to the time we were there but records for after that time were sent and this was not corrected.  The fact that this was not the only action on his part to NOT get evidence (see – court documents – Plaintiff’s Attorney Subpoenas wrong Company – No Evidence and Riverstone Residential’s Motion for Summary Judgment – Judge Timothy Kelly – 19th Judicial Court – Baton Rouge, LA) makes it seem there could be other testing done by this company before we were there especially since the employee that did the testing told me he had been to this complex before.  He also took a piece of the wet ceiling and told the maintenance man that there was mold (although this was not the beginning of mold growth – it had been spreading for years).  Unfortunately though, records from 2005 and after included the shocking 2007 reports!  

More to come on the unethical actions by our attorney which are affecting our rights to justice in court.

And now Riverstone Residential is claiming I am harming THEM!  I am posting DOCUMENTED FACTS and they are trying to get away with poisoning us and others and are UPSET that some may choose not to be exposed to toxins!  They forgot to include mold testing reports in their actions seeking to prevent me from posting this information.

I wish we had known about the EXTENSIVE mold growth in these apartments before we spent four horrible months there.  We would have passed.  The high doses of toxins will affect our health for the rest of our lives.            
                

Posted in Civil Justice, Environmental Health Threats, Louisiana Housing Finance Agency, Mold and Politics, Mold Litigation, Riverstone Residential, Toxic Mold | Tagged , , , , , , , , , , , , , , , , , | Leave a comment

First trial dates for FEMA trailer suits

The Associated Press

2/10/2009

NEW ORLEANS (AP) — A federal judge has scheduled the first four trials for a batch of lawsuits filed on behalf of hurricane victims who claim they were exposed to potentially toxic fumes while living in government-issued trailers.

An order issued Tuesday by U.S. District Judge Kurt Engelhardt also says cases against Gulf Stream, Fleetwood, Forest River and Keystone RV will be the first to be tried. The federal government also will be a defendant in the cases.

Plaintiffs for the first four “bellweather” trials haven’t been named yet.

The first of four trials is tentatively scheduled to start Sept. 14. The next three are scheduled to start in October, December and January.

nola

Posted in Civil Justice, Environmental Health Threats, FEMA Trailers, Politics | Tagged , , , , , , , , , , , , | Leave a comment

only 74 more days till the organized crime gang that calls itself the loony looziana state legislature convenes

12 February 2009

www.legis.state.la.us

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house prefiled bills
it’s that time of the year again…so get ready for more loss of rights and freedoms, higher taxes disguised as “fees” and more stupid; unneeded and unwanted laws, rules and regulations, as well as the usual legislative hijinx and hyperbole.
 
we saw that
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