Thursday

You can help pass Wall Street reform right now. Here's how

If you're like me, when you saw the Goldman Sachs millionaires testify in front of congress the other day, saying they had nothing to apologize for (even though they raked in millions of dollars and crashed the entire US economy with their greed), you probably got angry. Well, there is something you can do about it.

I just watched this new video from AARP about Wall Street's excesses -- click on the link below to check it out: http://bit.ly/bnEEr8

When you finish watching, you can take action to urge Congress to stand up to the army of banking lobbyists that are right now trying to kill reform and keep their million-dollar bonuses.

For the last two years, we've gotten the same old song and dance from Wall Street.
We pay their debt. They pay themselves huge bonuses. We struggle to make ends meet. They spend millions to kill the financial reforms that would help American seniors.

But here's the worst part: Right now our senators are starting to waver as an army of banking lobbyists urges them to water down the financial reforms currently before Congress.

Well I say enough's enough -- and that's why I'm hoping you'll watch this funny (but hard-hitting) new video and join me in urging the Senate to change their tune and pass the reforms we need. http://bit.ly/bnEEr8

We all need to tell our Senators that it is time they stood up for us and not the fat cat Wall Street suits that ripped all of us off.

Burdge Law Office
Helping consumers protect themselves, since 1978

Time for Toyota to Come Clean

A former Toyota exec's email now haunts Toyota, according to Automotive News reports and the Detroit News.

The now retired exec, named Irv Miller, at the time a Vice President in the company, sent an email in January urging Toyota to "come clean" about the gas pedal problem and said “I hate to break this to you but WE HAVE a tendency for MECHANICAL failure in accelerator pedals of a certain manufacturer on certain models. We are not protecting our customers by keeping this quiet. The time to hide on this one is over.”

In another email, Miller warned “We better just hope that they can get NHTSA to work with us in coming with a workable solution that does not put us out of business.” NHTSA refers to the US federal recall agency that investigates vehicle defects.

With a pending $16.4 million fine from US safety investigators at NHTSA, Toyota has admitted that they have done a poor job of handling the issue but so far has not commented on the Miller email.

The Wall Street Journal reports the Miller emails to be among a series of internal communications at Toyota, debating when to make their knowledge of the accellerator problems public.

Will this be the smoking gun that forces Toyota to finally "come clean" and give up the stalling and runaround? With this email, it seems that internal warnings were going on and someone at Toyota was either ignoring them or squelching them. Either way, it doesn't look good.

Automotive News is also reporting that evidence now exists that Toyota knew of teh accellerator problem at least 3 1/2 years before it became public. Meanwhile Toyota is reported to have created “rapid response” teams of engineers and technicians to evaluate customer reports of unintended acceleration." You can read more here: http://www.autonews.com/apps/pbcs.dll/article?AID=/20100408/OEM/100409894/1143#ixzz0kXuGvBD6

With bad news breaking every few days for Toyota, it's no wonder that many Toyota owners flocked to their Ford and Chrysler stores to take advantage of "Toyota Trade In Days" recently.

Burdge Law Office
Because life's too short to drive a lemon.

Monday

Feds fine Toyota $16 Million for Hiding Gas Pedal Defect

Federal safety investigators have notified Toyota that it will be hit with the largest fine NHTSA has ever assessed a vehicle manufacturer, $16.4 million.

The feds are saying Toyota knew it had a problem and hid it from US investigators for at least 4 months, according to news reports just out.

With the help of zero interest financing and special deals, Toyota had managed to crank its sales back up after a devastating 2 months when it couldn't stay out of the headlines. Now, it's back on front page again.

Burdge Law Office
Helping consumers protect themselves everyday.