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<oembed><version>1.0</version><provider_name>naked capitalism</provider_name><provider_url>https://www.nakedcapitalism.com</provider_url><author_name>Lambert Strether</author_name><author_url>https://www.nakedcapitalism.com/author/lambert-strether</author_url><title>Interview, MERS RICO complaint: Doug Welborn, State District Court Clerk vs. MERSCORP Shareholders and Trustees ("the banksters")  | naked capitalism</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="kKuoTkDpPJ"&gt;&lt;a href="https://www.nakedcapitalism.com/2012/04/mers-rico-welborn-banksters.html"&gt;Interview, MERS RICO complaint: Doug Welborn, State District Court Clerk vs. MERSCORP Shareholders and Trustees (&#x201C;the banksters&#x201D;)&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://www.nakedcapitalism.com/2012/04/mers-rico-welborn-banksters.html/embed#?secret=kKuoTkDpPJ" width="600" height="338" title="&#x201C;Interview, MERS RICO complaint: Doug Welborn, State District Court Clerk vs. MERSCORP Shareholders and Trustees (&#x201C;the banksters&#x201D;)&#x201D; &#x2014; naked capitalism" data-secret="kKuoTkDpPJ" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>By lambert strether of Corrente.  UPDATE For those of you who like to listen to NC on your commute (say) there is a podcast of the interview at the bottom of the full post.  Yes, I know that Doug Welborn, East Baton Rouge Parish Clerk of Court vs. MERSCORP Shareholders and Trustees ("the banksters") is a bit unwieldy as a case name, but it's a lot less wieldy than the actual name -- [32 parish clerks in Louisiana, so far] vs. [16 big banks including TBTF poster weasels BAC, JPM, and WFC (but not GS)] -- so I think I'll just go with "Welborn" from here on in.  The triple damages claim under civil (sigh) RICO is a billion dollars or so for Louisiana alone -- real money -- which makes Welborn interesting. Even more interesting is that RICO, as a "theory of the case," is simple, clean, and easy to explain, unlike so many of our criminal banksters' fraudulent schemes. We caught up with the trial lawyer for Welborn, Ted Lyon, and interviewed him. Did I mention the claim is for a billion?</description><thumbnail_url>http://www.nakedcapitalism.com/wp-content/uploads/2012/04/hatlo1.jpg</thumbnail_url></oembed>

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