Thoughts on the Largest Class Action in the History of Mankind by a California Class Action Attorney
Friday, March 28th, 2008
R. Sebastian Gibson asked:
This is a class action not only for all the residents of California from San Diego, CA to Orange County, from Santa Barbara to Newport Beach, Laguna Beach and Huntington Beach, from San Luis Obispo to Los Angeles, Santa Monica, Long Beach, Costa Mesa, and Anaheim, Irvine, and Santa Ana to Rancho Cucamonga, Ontario, Temecula, Murrieta, Palm Desert and Palm Springs. This is a class action for, well, almost everyone who has a pulse.
No, this isn’t a press release about a class action our law firm has filed. Yes, we are class action attorneys, and class action lawyers in California. Yes, we do class actions. But this one is the one that we simply think about whenever we hear more about the global financial market meltdown.
Let’s start with the proposition that we, meaning you and I, didn’t start the global meltdown. Let’s also keep in mind that if anyone is the most responsible, it was our leaders in Congress and the secretaries of the various government departments and agencies, who let easy money be waived in front of our noses while at the same time telling us that if we all didn’t buy homes, even homes we couldn’t afford, we weren’t partaking in the American dream.
So lots of us bought homes, and many of us shouldn’t have. The rest of us bought stock, because we were also told to invest in America. We did. That hasn’t worked out so well either.
Let’s also assume that the Europeans, and all the people in the rest of the world were doing just fine, perhaps also buying a little too much, but otherwise were fine until our financial cold made the rest of the world sick.
So now we have the basis for the identifiable class. As a class action attorney in California, this is what you look for. It’s basically anyone who has lost money on real estate or in the stock market around the world.
Add to that, everyone in the world who will now painfully be hit with a lesser way of life filled with rising oil prices due to the lower value of their currencies, fewer jobs, less government services, less valuable pensions, and just for the heck of it, higher prices for a latte or cappuccino. For anyone married, you can add more family arguments about money. For anyone single, less opportunities to meet someone because no one has any money to go out. And if you do have a date, how romantic is that fast food meal going to be since you can’t afford to take someone or be taken to a steakhouse?
Now that all we can afford is fast food and macaroni and cheese, we can also add our shorter life spans, having to buy larger sized clothes, less self esteem, poorer health and rising health costs.
I think I’m safe to say that the damages for this class action are up to at least a quadrillion zillion dollars in damages. A dream case for a California class action lawyer.
So why haven’t we filed the class action lawsuit yet? We’re still looking for a defendant who can pay it, but since the U.S. Treasury is heavily in debt, we’re still looking at prospects.
DONAHOO
This is a class action not only for all the residents of California from San Diego, CA to Orange County, from Santa Barbara to Newport Beach, Laguna Beach and Huntington Beach, from San Luis Obispo to Los Angeles, Santa Monica, Long Beach, Costa Mesa, and Anaheim, Irvine, and Santa Ana to Rancho Cucamonga, Ontario, Temecula, Murrieta, Palm Desert and Palm Springs. This is a class action for, well, almost everyone who has a pulse.
No, this isn’t a press release about a class action our law firm has filed. Yes, we are class action attorneys, and class action lawyers in California. Yes, we do class actions. But this one is the one that we simply think about whenever we hear more about the global financial market meltdown.
Let’s start with the proposition that we, meaning you and I, didn’t start the global meltdown. Let’s also keep in mind that if anyone is the most responsible, it was our leaders in Congress and the secretaries of the various government departments and agencies, who let easy money be waived in front of our noses while at the same time telling us that if we all didn’t buy homes, even homes we couldn’t afford, we weren’t partaking in the American dream.
So lots of us bought homes, and many of us shouldn’t have. The rest of us bought stock, because we were also told to invest in America. We did. That hasn’t worked out so well either.
Let’s also assume that the Europeans, and all the people in the rest of the world were doing just fine, perhaps also buying a little too much, but otherwise were fine until our financial cold made the rest of the world sick.
So now we have the basis for the identifiable class. As a class action attorney in California, this is what you look for. It’s basically anyone who has lost money on real estate or in the stock market around the world.
Add to that, everyone in the world who will now painfully be hit with a lesser way of life filled with rising oil prices due to the lower value of their currencies, fewer jobs, less government services, less valuable pensions, and just for the heck of it, higher prices for a latte or cappuccino. For anyone married, you can add more family arguments about money. For anyone single, less opportunities to meet someone because no one has any money to go out. And if you do have a date, how romantic is that fast food meal going to be since you can’t afford to take someone or be taken to a steakhouse?
Now that all we can afford is fast food and macaroni and cheese, we can also add our shorter life spans, having to buy larger sized clothes, less self esteem, poorer health and rising health costs.
I think I’m safe to say that the damages for this class action are up to at least a quadrillion zillion dollars in damages. A dream case for a California class action lawyer.
So why haven’t we filed the class action lawsuit yet? We’re still looking for a defendant who can pay it, but since the U.S. Treasury is heavily in debt, we’re still looking at prospects.
DONAHOO
