The District Weekly - Latest Comments in LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

CoastalAdvocate — Tue, 14 Oct 2008 22:14:35 -0000

Guess we're writing in Dave ........cool beans

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Dennis — Mon, 13 Oct 2008 14:32:47 -0000

Her foreclosures and delinquent mortgage payments did not come to light until after her primary against Orepeza--you remember the one Richardson accused of missing votes, votes she missed because she was battling cancer. Had the defaults and foreclosure come out before the primary would there be any doubt that Orepeza would be running unoppossed for re-election right now?

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

DWR — Sun, 12 Oct 2008 18:15:20 -0000

I strongly agree with you, LB City Girl, and Juan Pardell. But sadly, "Fore-cLosUARA" Richardson will be re-elected. Why? Because many of her African-American constituents will pull an "O.J." and vote her back into office simply because she is at least half black. I know it sounds bigoted and racist but it is a harsh, pathetic reality.

And before anyone hurls racist epithets at me, I plan on voting for Obama because after pragmatically weighing the pros and cons of each candidate, I've decided he is the best candidate for president.

And don't anyone bother trying to engage me in a political debate over the presidential election because I'm really not interested.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Juan Pardell — Sun, 12 Oct 2008 18:15:08 -0000

"I understand fiscal policy,” Richardson continues, and she’s on a bit of a roll now. “Why? Because I went to school. Because I took classes. I learned and I saw the things we needed to do. So this is about what is happening in America. It’s about what, as members of congress, what can we do to take these experiences. Here in our community alone we have over 30,000 people who are facing this situation. So what can I do to take that information, the things I’ve learned, and create legislation? And that’s what I’m about doing, and that’s what voters want to know about: What are you prepared to do, what information do you have, and how qualified are you to help? That’s why I was elected overwhelmingly.”

You were elected because your African-American and a Democrat. That's what gerrymandering is all about.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Juan Pardell — Sun, 12 Oct 2008 14:44:08 -0000

Laura likes to defer her explanations. I'm sure she believe people will eventually forget. I'm still unsure, what type of explanation she can offer that will validate her fiscal miscues. Even if you discount the defaulted mortgages, how can she explain having the most expensive transportation car of any congressional member, the lavish steak dinners and frequent limousine rides?

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

What's_in_a _name? — Sun, 12 Oct 2008 11:51:19 -0000

Sorry, not telling us what's up before the election gives the appearance of "something to hide."

I say the electorate vote against her unless she can answer the tough questions BEFORE THE ELECTION. Just because she's got something in common with some voters doesn't excuse what appears to be bad financial decision making. It's okay to hold the people who represent us to higher standards than we ourselves are able to achieve.

I'd write in Dave in a heartbeat. GO DAVE W!

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Juan Pardell — Sat, 11 Oct 2008 23:45:50 -0000

I disagree. Juanita Miller McDonald passed away in late 2007. I believe Laura eyed the seat before her father's death. Whatever the case, she's using it as a scapegoat. What does her father's passing have to do with her acting irresponsibly? Doing the opposite, is what would make any parent proud. Basically, Laura set her ambitions too high. Her goals, were writing checks that it couldn't cash.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Juan Pardell — Sat, 11 Oct 2008 23:38:58 -0000

Moral to the story? Live within your means. Its a concept that has escaped most people in this country.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

CoastalAdvocate — Sat, 11 Oct 2008 22:28:53 -0000

Dear Juan,
I knew her Dad, who knew my Dad. Both were minorities who had fought hard to get any leg up in this town for decades. Her fathers challenge was far bigger than my Dad's. Their generation lived to see their kids do better than they did, or open doors, to rise, rise some more, and then rise again.

And I am going to tell you, straight up, I believe that her claim to be trying to do things to make her deceased Dad proud sounds praiseworhy and laudable. I run my life the same way. I lost my Pa 12 years ago and I talk to him almost every day, in some little way.

I also do a ton of charitable work and quite often, the thought that my Dad or recently lost Ma would be proud of me, get's me through it. She has strong faith I think, and could be being honest ?

But for sure man, we are all different. The DW could probably get some of these answers out of her campaign I suppose ? If I see her, I'll ask her and report back.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

GoodGovt4? — Sat, 11 Oct 2008 18:13:41 -0000

Hey Juan, I have enjoyed your posts for some time .

Just to round out the analysis and for the sake of debate: , Legally, you can't stiff the tax man, he get's priority over all other creditors, and a priority lien against title, plus Interest, and Penalties. I have always had a hard time feeling too sorry for the Taxman, because he can be brutal. I have never messed with him and I doubt she knew the consequences , I bet she has now learned this too. So if he hasn't been paid, he will, sure as death.

And when the mortgage holders foreclose, they sell for a discount, you know, 85 cents on a dollar or whatever. They did take a busness risk which includes risk of loss, foreclosure, damage and diminished value. They get to write this off . I would bet that some of these failed lenders had a part in this too. Some of these guys were multiplying your income by 7 to sell you as much paper as you wanted !!

'Liar' loans have mutual culpability, to me, and we have all watched Fannie Mae, Freddie Mac, Indy Mac, CountryWide, Washington Mutual, Lehman, Bear Stearns and on and on and on, plus thousands of Brokers and Realtors, go belly up. Sad. Tragic. But I bet Ms Richardson's story includes Experts saying 'Go Go Go'....this market just keeps going up...the future looks bright....and all the rest.

If any small business gets stiffed, I always encourage folks to file in Small Claims. I noticed that Ms Richardson's Bodyman got payed by merely talking about using his remedies. If they file, but do not get paid, they too , get a deduction.

I think she may have also hung on until the last minute, hoping for more appreciation, betting on it, and then it all started to fall apart. Dick Fuld lost Lehman that way we are told.

I kind of feel sorry for her because if she lost the election, I bet that she would soon lose all of her homes and be in an apartment after having worked pretty hard for us. .

I guess that it has always bugged me that so many politicians , who don't come into the game financially set, work pretty hard and end up burned out, frustrated, and spent in an apartment or modest home , with little dough , limited marketable skills, and a tiny pension.

I also think that the obscenely high cost to run has to be reigned in, and played a part with Ms R.

For example, I think our Mayor supposedly had to raise over a Million to run? Commercial after Commercial, mailing piece after piece, was it almost 20 if I recall ? and his opponent way over 600,000 ?

That is a factor I believe, and another big problem too. .

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Juan Pardell — Sat, 11 Oct 2008 17:33:25 -0000

She was so upset about her father's passing that all she could think about what running for Congress. Does that make sense to you?

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

GoodGovt4? — Sat, 11 Oct 2008 15:04:52 -0000

You don't have to endorse anyone , or vote, but it is a realistic and fair question ? That's all ? Shall we begin the write in Dave campaign ? Why didn't we think of that earlier !! LOL

Truth is, these questions are feeling kind of moot because she has it all sewn up in all likelihood ? Doesn't she ?

And of course, she made mistakes, and so have we? Pretty simple.. For sure, she was playing in very unfamiliar territory for some time. I guess she could have a repayment schedule and balance sheet to hand out, estimating her assets and liabilities, cashflow, etc. , but in today's market, a lot of us are awash in uncertainty, and that may be a component of our answer here. Maybe her campaign can rough something out for general release ? Some of this does feel like a gaff, most certainly.

I recall her saying in print that she was trying to rescue several parcels , but with banks closing, and loan money scarce for all put the most creditworthy, I'd bet that she is also not quite sure how it will all play out.

Point of fact, if she fails to get elected, she will probably have to let a lot more go. In the end, it is all on her credit rating too ? And we won't forget it ?.

She was probably leveraged 3 to 1. Lehman Brothers, who burned us for 25 Million, was leveraged 40 to 1 , and as the market slid, a lot of people got hurt ?

In fairness, she was not the only person 'Caught up in the rapture' of rising market optimism either, but ya, she made her mistakes, and had not ever let it happen again.

I get the sense that the town kind of has her 'on probation' anyway.

Maybe next time we can get you to run, you seem like a good man .....

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Juan Pardell — Sat, 11 Oct 2008 14:28:30 -0000

"Bottom line: Richardson may have used her homes to help finance her campaigns, stiffing tax collectors, mortgage holders and small businesses along the way."

That pretty much sums it all up. We don't need to hear what she has to say.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Guest — Sat, 11 Oct 2008 10:42:32 -0000

i dont have a say in who gets the position but i do know that IF i could vote for her this imperious bush like behaviour of refusing to discuss THE biggest issue people will have with her turns me off.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

CoastalAdvocate — Fri, 10 Oct 2008 21:23:40 -0000

I thought that she retained Counsel on these matters and was thus probably instructed not to compromise her rights while the issues remain pending ?

Regardless, who do you favor for the position, besides Wielinga of course ? There's an idea, write in Dave !!

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Guest — Fri, 10 Oct 2008 19:36:35 -0000

you think that refusing to discuss her foreclosures till AFTER the election indicates she has learned from past mistakes?

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

CoastalAdvocate — Fri, 10 Oct 2008 18:35:16 -0000

She is stepping up to a difficult, often thankless job and I believe that she has learned a lot from her past mistakes . I trust her not to repeat these mistakes and I believe that she is resolving all of this.

I believe that she is by far the best candidate too, but had you run Dave, we would have supported you? (LOL)

I also want to thank her very much for pledging to help us drop most of that ocean fouling , designed by Cavemen, Breakwater ! She knows the wisdom of returning our waves and has also pledged to help acquire and restore our Wetlands .

I hope that the voters remember this too.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Guest — Fri, 10 Oct 2008 13:39:00 -0000

argh, very gop-like. "Richardson says Richardson cleared in Richardson probe"

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

Viggo — Fri, 10 Oct 2008 12:55:22 -0000

Very strong piece Dave.

Re: LAURA RICHARDSON PROMISES TO EXPLAIN ALL THOSE DEFAULTS–AFTER THE ELECTION

LBResident1 — Fri, 10 Oct 2008 10:43:06 -0000

i think we all know the answer. Lori Ann Farrell was giving Laura financial advice.