RockThisTown | Arkansas news, politics, opinion, restaurants, music, movies and art

RockThisTown 
Member since Jul 9, 2010


Favorite Places

  • None.
Find places »

Saved Events

  • Nada.
Find events »

Saved Stories

  • Nope.
Find stories »

Custom Lists

  • Zip.

Friends

  • No friends yet.
Become My Friend Find friends »

Stats

Recent Comments

Re: “Halter reflects

"He'll leave office with nowhere to go in early January."

If you say so, but I doubt the man who has inflicted more societal damage on the State than any other (and that's saying something in #49 Arkansas) will be living under a bridge anytime soon.

Posted by RockThisTown on 08/12/2010 at 1:21 PM

Re: “Cell phones in the classroom

Oops, sorry 'bout the double post. My bad.

Posted by RockThisTown on 08/12/2010 at 12:32 PM

Re: “Cell phones in the classroom

" . . . five days, and adult pickup?" I love pickups, but are you crazy? We can't afford to give pickups to school kids! The ADG reports State officials are already in trouble over vehicles. Oh, wait a second . . . . . Obama has taken over the car makers. On second thought, yeah, I guess we can afford that.

Posted by RockThisTown on 08/12/2010 at 12:31 PM

Re: “Cell phones in the classroom

"... five days, with adult pickup?" I love pickups, but State officials are already in trouble over vehicles. We can't afford to give school kids a pickup! Get real, Max. Oh, wait, but Obama has taken over the car manufacturers. On second thought, yeah, I guess we can. Never mind.

Posted by RockThisTown on 08/12/2010 at 12:28 PM

Re: “Blame the rich for mortgage crisis

spharma24, you almost have it right. Several groups (including ACORN) around the country did just that, except the gun was put not to the borrowers' heads, but to the lenders' heads (not literally, but darn near), forcing them to MAKE the loans. In true Cloward & Piven fashion, protests were held outside many financial institutions in several cities, and also even in front some executives' residences, putting pressure on them to make loans they ordinarily wouldn't have made; Congress, using CRA, was doing the same thing: putting pressure on lenders to relax both lending & auditing standards. To make matters worse, Wall Street dreamed up the derivatives market, using securitized mortgages, then fraudulently sold them as better rated than they actually were, and we all know what happened thereafter: the loans went bad, housing values collapsed (it was artificially inflated by the lenders and their colluding appraisers), and the derivatives then became pretty much worthless.

Posted by RockThisTown on 07/11/2010 at 9:53 PM

Re: “Blame the rich for mortgage crisis

OK, elwood, you got me. Yep, I'm a genius.

Perhaps you can tell us why it was that CRA could exist since 1977 and not create a problem until the Disaster Monkey took over???

Glad to oblige. The fact is, yes CRA pretty much sat dormant for several years, (yes, I realize this is a simple explanation of what happened, but accurate nonetheless, but keep in mind, my genius is simple), and began to undergo legislative changes in the late 80's after the S&L debacle, and more changes came in the 90's, and on into 2000 and beyond. Former Fannie Mae CEO Franklin Raines said CRA might have been a catalyst that encouraged bad behavior, including predatory & sub-prime lending (zero down pymt + bad credit history + erratic or no employment = disastrous loan payback), along with Wall Street's crazy derivative schemes you mention, all of which contributed to the mess. But CRA was at the heart of it all; Congress was using CRA as the mechanism to force market behavioral changes, including rising house prices, relaxed auditing requirements, and more, and oh boy, did they ever force changes. The problem was then and is now, Dodd & Fwank who took the lead in making constant regulatory changes (all the while getting sweetheart loan deals themselves), knew little or nothing of how all these markets, institutions, financial instruments and economic factors were intertwined, resulting in the housing market meltdown, which affected all sorts of other industries, including but not by way of limitation, materials suppliers, appliance manufacturers, local contractors, financial institutions, and last but not least, homeowners themselves, many of them being left upside down (for you elwood, this means they owed more on the property than it was worth) and walking away from the property. Then the brilliant Dodd & Fwank once again stepped in, making things even worse by bailing out banks by buying up interest instead of principal. What they should have done was force the banks to accept less interest and increase homeowner equity in the property, thereby keeping people in their homes and at least making a payment. Instead people were left with no choice but to abandon the homes in which they were upside down. Many of them were then downgraded even more after they were vacant, some even vandalized by the owners prior to their departure, making the burden on the taxpayer even greater. Keeping people in their homes, the values at reasonable levels, and payments coming in was a better solution, but of course that's not the one Dodd & Fwank chose. Although Dodd & Fwank should be prosecuted and sent to jail, they won't be because they're Democrats. But Dodd will be put out to pasture in November, thankfully. Hopefully Fwank will too. Go Earl Sholley!

Posted by RockThisTown on 07/10/2010 at 12:44 AM

Re: “Health law gains acceptance in Arkansas

The headline reads "gains acceptance" but the article reads "is gaining acceptance." Which is it? Either way, by who? The people on a waiting list who need organ transplant caused by years of drug and/or alcohol abuse that they could never otherwise afford? Or the sexually irresponsible who contracted a disease that requires tens of thousands of dollars' per month worth of drugs to treat? Unless there's been a seismic shift in opinion, which I doubt, most people in Arkansas are still opposed to Obamacare. Look, I don't have a problem with taking care of people who have either: 1. served our country in the military, or 2. worked (and thus paid into the system) for most of their adult lives and have a legitimate no-fault-of-their-own medical condition requiring care. But to extend health care to everyone, regardless of circumstance, is not only fiscally suicidal, it is morally wrong. Putting someone who has worked their entire life with a genuine heart problem in line behind someone who has rarely or never worked and voluntarily abused him/herself is flat-out wrong. Why should I, as a taxpayer, be forced to pay the medical costs for someone who's eaten double-cheeseburgers, super-sized chili-cheese fries, and double-chocolate milkshakes every day for the last 40 yrs, someone who wouldn't go near a salad if their life depended on it, someone who's never seen the inside of a gym. In order for the govt. to provide healthcare for everyone, then money must be taken by force from the citizenry to pay for it, or the services of the health providers must be taken in order to provide it, both of which are basically theft.

Razorback is right: it's a race to the bottom in the Dumas world. If I understand Obamacare correctly, we're going to cover millions more people, at no additional cost, and with no additional physical facilities (hospitals, clinics) and no additional treatment professionals (drs, nurses, PTs, OTs, pharmacists, techs, etc). Yeah, that should work just like the post office and practically every other federal government venture: fewer and fewer services at ever-increasing cost.

Posted by RockThisTown on 07/09/2010 at 12:33 PM

All Comments »

  • Re: Hog football: The lawyers take over

    • You guys are way too tough on Arkansas's only professional football team.

    • on October 22, 2017
  • Re: Hog football: The lawyers take over

    • i believe the uniform should be Lignite rather than Anthracite. Anthracite is actually worth something.

    • on October 22, 2017
  • Re: Hog football: The lawyers take over

    • The University needs to find a for cause reason to terminate him so we taxpayers…

    • on October 22, 2017

 

© 2017 Arkansas Times | 201 East Markham, Suite 200, Little Rock, AR 72201
Powered by Foundation