Video Clips From the World Wide Web
A few videos passed my email box today. Totally unrelated, but totally related.
The first was was really boring and without much value to me. It is a clip from a video that was taken on October 10, 2009. It is a video of Kevin Padrick letting someone fly his Robinson R44 Helicopter. It looks like these helicopters cost anywhere from $340,000 to $415,000, possibly more depending on the model. This model may be more expensive because it is a 4 seater.
I had a hard time understanding why Kevin Padrick, on October 10, 2009, doesn’t seem to care that his hobbies are extremely self indulgent. His 1/2 Million dollar Helicopter is only one of these ridiculously expensive items. He has 3 houses, 1 Heliport, 4 Airplanes, and 1 Helicopter. Just his Flying Toys alone are estimated to cost $2.8 Million, not to mention the carrying costs.
I don’t know what other assets he has. I am sure I will find out on the World Wide Web over time.
October 10, 2009 was just after, he used extortion to get me to withdraw my objection to fees by stating in Doc 554 – Kevin Padrick’s Supplemental Response to his Response (Doc 551) that “The Trustee has further informed Ms. Studebaker through counsel that preparing for the hearing on September 15, 2009 will require substantial time and expense for the Trustee, and that the Trustee intends to seek an order from the Court requiring Ms. Studebaker to reimburse the Trustee for all the attorney fees and costs incurred in connection with the Response and the September 15th hearing. Ms. Studebaker-DeYoung has nevertheless refused to withdraw the fee objection.” At this time, I had know idea that if I didn’t withdraw the objection, that I would have to pay for all his time and expenses. Not that I was going to lose the Objection, just that I was even pursuing it was going to cost me loads of money so I better back off you know because I DON’T have loads of money. I mean by that time, they had exhausted my cash by tormenting my attorneys and I was broke so they broke me. No more objecting to outrageous fees.
Thing is there is no such thing as a response to a response to an objection to fees, but Kevin Padrick can get away with this in Judge Randall Dunn’s courtroom. By the way, if you have a problem with Judge Randall Dunn, you get to take that problem the the Bankruptcy Appellate Panel. Who is on that panel? Well, Judge Randall Dunn himself. So the Judge gets to monitor himself…WOW Really good checks and balance system, don’t you think?
You can’t hear anything because of the Helicopter noise, but it probably isn’t of much value.
At the end of the description, the author writes,”…Big thanks to Kevin Padrick for his generosity and sharing his knowledge and experience.”
OK – Well thanks Kevin for sharing your 1/2 Million helicopter with the helicopter club people. That is really generous. I can’t say enough about how this is helping those 306 people who have LOST EVERYTHING from wrongful use of your knowledge and your experience in Bankruptcy Law. At the same time you were sharing your experience and knowledge at the helicopter club, you were abusing your Bankruptcy Knowledge to take money from Victims of the economic collapse landing in the form of Summit Accommodators Inc. Chapter 11 Bankruptcy. Sure I could get generosity if you weren’t billing for “professional” and “liquidating trustee” and “bonus 15% for being so dam good at flying helicopters???” that will total $6.5 million according to you at a pre-settlement conference hearing. What the hell are you going to do with $6.5 Million of other peoples money? When are enough expensive flying gadgets enough? When are do you have enough houses? When do you have enough money?
Another video clip that came in today was a 60 Minutes interview with Michael Lewis. He had a serious of very interesting things to share on the economic collapse and how the players like Goldman Sachs who created the problem to enrich themselves were also the same company our government bails out. There is a mess in Wall Street, a mess in Washington DC, a mess in our Government Monitoring agencies, and a mess in our so-called justice system. Why do we have such a mess? Because the few with all the controls on all the money abuse these systems and make them a mess. They aren’t serving anyone but themselves.
So Smart, But So Greedy, So Blind, So Lost, So Sad…
I see your company is promoting Green, Obsidian Renewables – a Solar Farm Project in Christmas Valley Oregon. Don’t you think for one moment I am not doing the math. I am having a hard time coming up with why a 5 Megawatt system would cost $30 Million dollars? Any solar people out there? How much does each Megawatt cost? Another solar company told me about $1 Million per Megawatt which totals $5 Million. So why does your project cost $25 Million more???? Where is this money going? What kind of energy savings would warrant this kind of cost? Just seems to me this is another sales job that doesn’t add up.
Although intelligent, you are like the other smart money manipulators on Wall Street who can’t connect what they are paid to what they contribute. You have been able to delude yourself into thinking you deserve to get paid millions because you were at the right place, Bend Oregon, at the right time, Economic Collapse, with the right knowledge, Bankruptcy Law, to take full advantage of the liquid rich and property rich Summit 1031 Bankruptcy Estate. Problem is you didn’t tell the people who hired you, Summit Principals, that this was what you were going to do or they would have hired someone else to do the job because their GOAL was to payback those who were owed the money – The EXCHANGERS (creditors).
I know you like to say you are doing this very expensive work for the benefit of the creditors…More ILLUSION.
People assume that you are acting on behalf of these creditors because you coordinated the wrongdoings of your other bankruptcy buddy’s and they appointed you as Liquidating Trustee even though this was a big conflict with the Summit Principals and your old boss, Terry Vance (Original Chief Restructuring Office of this bankruptcy). I have been told by my attorneys that this Name, this Label means that you get to walk around with a white cloak on. Supposedly, as a liquidating trustee, you are to act with in the HIGHEST FIDUCIARY DUTY. What a crock! You only act for the $$$ in your pocketbook.
Do you disagree? If so, why not decrease your rates? Take the 15% of the table. I mean really what value did you create in this whole mess? I am stumped, how about you?