Saturday, April 12, 2008

So Marshall, what should the government do?


So Mr. Ramsey, what EXACTLY should the government do about this problem? Who should the government help? The investors who made it possible for all of this to happen? The lenders would have never approved or offered these questionable loans if there had not been investors on Wall Street telling them they were going to purchase them (That is the dirty little secret of this mess: It is investor-driven, not lender-driven). The lenders? Many of them are now out of business and more are suffering huge losses and have substantially tightened their requirements for obtaining a mortgage. Homeowners? Why should someone who HAS paid his mortgage even when it might have been hard for him to do so see someone who is not making his payments get help with HIS tax dollars? You do know all of these homeowners who have ARMs signed disclosures at loan application AND closing telling them they were getting an ARM and what the terms were, don't you? Or should the government help people who bought investment properties in Florida and California, hoping to flip them and make huge profits. Should the government tinker with foreclosures? That would really help homeowners. Take away the ability of a lender to mitigate his loss when a borrower defaults and you will REALLY see some very high interest rates on a house, not to mention that lenders will require borrowers to pay MUCH more than they do now in terms of down payments.

So Mr. Ramsey, while you are being a smart-ass, what exactly should the government do?

Disclaimer: Mr. Ramsey is a friend of mine. Ya think he gets special treatment here? haha. ;-)

Posted by Kingfish at 10:41 AM

1 comment:

Anonymous said...

Mr. Ramsey I would suspect gets well paid for the political tilts and slants he comes up with and like the governor doesn’t have to even acknowledge that you and/or your Blog even exist. If Mr. Ramsey is indeed a smart-ass as you seem to suggest and is also your so-called friend (one should carefully consider using extreme caution with the friend word i.e. guilty by association) you might have a conflict of interest? No dis intended.
Now if Mr. Ramsey was in a position of power and/or have friends having governmental power that they were/are willing to abuse and he should take offence at your referring to him as a smart-ass it might become problematic?
As to the housing fiasco it seems like a lot of people simply wanted the dream they were basically shut out of and may have had some hope until reality kicked in and they likely now realize it was only a vicious and sadistic wet dream gone bad? While the government may run to the rescue of some big business it doesn’t usually jump to the rescue of simple peons who bought something they couldn’t afford, even though the peons may have been baited by the greedy? The big money will likely get rescued or otherwise some relief but the poorest have already been weeded out and are gone?
In short the greed-monster at some point will not be able to sustain itself because it will have sucked its food source dry. The pay today for a large portion of the low end population is basically the same as it was 30 years ago yet the prices of homes automobiles and other necessities have increased astronomically i.e out of reach for those who at one time could have but now cannot. The greedy and their politicians are in control and they will at some point lose control?

April 12, 2008 at 11:58 PM

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Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).

Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.

In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.

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Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS.