Demand payback for bailouts
The fallout of the subprime lending scandal is huge and involves both U. S. and foreign companies.
A massive amount of money was made during the heyday of this subprime lending frenzy, which was made possible because of deregulation. (What a stupid idea. You don't give greed a free pass. )
Now that the scheme has collapsed and the money dried up, those banks and lending institutions, including the investors, are crying," Bail us out, please. "Why ? Bailout is done with taxpayer money, and most of us taxpayers never made any money off of this scandal. I know that it is necessary that banks, etc., do not collapse, both for our economy and for overseas economies, but bailout money should come with a payback proviso, to the taxpayers. The investors should not get anything.
Vivian Michaels / Bella Vista
Boggled by tax increases
I invite Bill Moutray to quote the state laws to which he is referring, and this paper to publish them, so that all of us taxpayers can understand why our property taxes increase in this real-estate recession. If he and his staff are such "highly trained professionals," why are so many appraisals being appealed to the Board of Equalization being lowered ? Perhaps Mr. Moutray can answer why 65 counties in Arkansas have contracted appraisals to independent firms, but he has chosen to be among the 10 remaining counties to do it the old way - inefficient, costly, inaccurate. As an agent of the tax collector, there is no incentive to lower taxes - ever.
Jeff Wyant / Rogers
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