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Wells Fargo Bank Sues Itself Screenshot-sm 445

Extreme economic problems require extreme solutions, and Wells Fargo Bank has come up with a good one. They have decided to sue themselves. Wells Fargo holds the first and second mortgages on a condominium that is going into foreclosure. As holder of the first, they are suing all other lien holders, including the holder of the second, which is Wells Fargo. It gets better. The company has hired a lawyer to defend itself against its own lawsuit. The defense lawyer even filed this answer to the complaint, "Defendant admits that it is the owner and holder of a mortgage encumbering the subject real property. All other allegations of the complaint are denied." On the website The Consumer Warning Network, Angie Moreschi wrote: "We've apparently reached the perfect storm for complete and utter idiocy by some banks trying to foreclose on homes."

IOC Trademarks Part of Canadian National Anthem 412

gravis777 sends us to BoingBoing for news that the International Olympic Committee has trademarked a line from the Canadian National Anthem and is threatening to sue anyone who uses it. The line in question is "with glowing hearts." "The committee is so serious about protecting the Olympic brand it managed to get a landmark piece of legislation passed in the House of Commons last year that made using certain phrases related to the Games a violation of law. The list includes the number 2010 and the word 'winter,' phrases that normally couldn't be trademarked because they are so general."

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