- Post-election taunts reported at Jackson schools (12/2/16)28
- Man killed by vehicle had been charged with domestic assault (11/30/16)
- Cape man gets 8 years for robbery, his first offense (12/7/16)5
- Man sentenced to 103 years for murder of Cape woman (12/6/16)3
- Burglary suspect apprehended inside Jackson garage (12/4/16)
- Poplar Bluff man accused of enticement, child porn in Scott County sting operation (12/4/16)
- Cape may allow residents to keep chickens; residents at meeting push for measure (12/6/16)33
- Men who pulled father, son from burning car near Naylor honored by highway patrol (12/1/16)
- Cape woman hopes son's death in Chattanooga will lead to better policing (11/30/16)11
- Lt. Gov. Kinder weighs in on Trump's win, his future plans (12/4/16)13
The bank bailout fiasco
Since reading Jack Knowlan Sr.'s recent op-ed, I've wrestled with the notion of responding. While I admire the way Mr. Knowlan respectfully expressed his opinion and refrained from name-calling, I felt compelled to respond with my perspective. I can be labeled a conservative, probably more a tea-party variety than Republican.
I attribute the banking problem to too much government regulation and the Community Reinvestment Act in particular. Fannie Mae and Freddie Mac were essentially established to shore up the problems caused by banks complying with this act. Ask someone you know who is a banker. He or she can explain. Then ask when the act was passed and for what reason.
The bank bailout fiasco began under the Bush administration. One can argue the merits of the bailout, but a more important discussion may be which banks have paid back the money lent to them by the government. Research will show that nearly all money lent under the Bush administration has been paid back with sufficient interest.
To gain a full understanding of how the two administrations handle government assistance, contrast the bank bailouts of the Bush administration with the bailouts under President Obama. General Motors is a good example. Creditors with first liens were moved from first place to last, and an infinite number of bankruptcy rules were ignored.
The war: Remember, the terrorists are the problem. Until they are stopped we will always be at war. Thank God for our armed forces.
STAN CRADER, Jackson