LETTERS

Factoring Debate

As you reported on Sept. 16, GMAC Commercial Credit LLC was assigned the Mountain High Hosiery Ltd. account in January 2001 by virtue of its purchase of the factoring business of Bank of America N.A. and Banc of America Commercial Corp.

Following the acquisition, we worked together with Mountain High to facilitate a smooth transition to GMACCC’s accounting system. When Mountain High has had questions or needed clarification with respect to its account, we have responded promptly. These responses included the involvement and commitment of management at all levels of our organization to ensure required corrections and adjustments were made in a timely fashion.

GMACCC processes millions of invoices each year for its factoring clients. Because of this huge volume, occasionally there may be errors that we routinely correct when they are brought to our attention. We value all of our clients. We work with them to address and rectify any problems with their accounts in an expeditious manner.

We are disappointed that you would permit Mountain High to litigate through the press, where we had not yet responded to their allegations. As one of the largest providers of factoring services in the world, we continually strive for excellence and are dedicated to providing quality service with integrity.

Jay Craig

President and Chief Executive

GMAC Commercial Credit

Southfield, Mich.

Turnout Turnabout

If secession fails, it will not be because of Mark Lacter’s List of Greater World Angst (Comment, Oct. 21). It will be because of a) lousy voter turnout; b) voters believing Bigger is Better propaganda; c) voters not of the Valley believing they will suffer if it happens, i.e., believe the politicians worried only about loss of power base, and possibly their jobs. It’s about Home Rule, stupid. Any change in the existing bureaucracy is a change for the better.

David M. Callahan

Los Angeles

Price of Parking

I read people’s thoughts on downtown (LABJ Forum, Sept. 30 issue). I think the Staples Center is awesome and so are the Lakers, so I went to Staples to buy a customer a Lakers hat. I parked briefly in the loading zone there was no one there except for two cars with people sitting in them and ran into the store for 10 minutes. I paid $35 for the hat and returned to my car to find a $45 parking ticket. Certainly a great way to discourage anyone from going downtown to shop.

George Simmons

ABF Freight Systems

Compton