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Brentwood Press - Index

Brentwood Press - AntiochPress_10.03.08 - Index

24A | BRENTWOODPRESS.COM OCTOBER 3, 2008
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Trevor’s Weekly Mortgage Matters
By Trevor Frey
What started as Treasury Secretary Henry
Paulson’s overly simple “blank-check” three page
plan has mutated into a complex 100+ page bill
which both Democrats and Republicans alike
hope will help cure America’s financial sectors
and aid the credit crunch. And although neither
side is100% happy, there seems to be agreement
with Senate Republican Judd Gregg that, “If we
do not do this, the trauma, the chaos and the
disruption to everyday Americans’ lives will be
overwhelming, and that’s a price we can’t afford to
risk paying.”
So with the government’s long shadow soon
to be cast over Wall Street in the form of an enormous
financial intervention, the likes of which
has not been seen since the implosion of savings
and loan institutions in the 1980’s, how are we as
“Main Street Americans” to judge progress?
Certainly with the government waiting in
the wings for the okay to use $700 billion, some
of which in theory could end up being bankrolled
by the tax-payer, to swoop up bad mortgages and
other sour assets in a final effort to bring liquidity
back to the market, it would be ignorant for us
to assume the problem will be solved all at once
over night, especially if we use the past as any
type of barometer. After the August 1989 savings
and loan bailout the stock market fell by twelve
Household HazardousWaste
COLLECTION DAY
Tips for
Transporting
Your Waste
• Do not mix materials
• Keep in original containers
• Pack in a sturdy box or tub
with newspaper
• Transport a maximum of
15 gallons or 125 pounds
• When you arrive –
stay in your car!
Event
Sponsors:
A Nation on Life Support
percent within the first fourteen months and
housing prices continued to fall for three years.
From 1989-1995 the government unloaded $400
billion in assets and left taxpayers with a $150
billion bill – 2% of the country’s gross domestic
product (“GDP”). But we recovered. And I
believe we “Main Street Americans” will rebuild
our country’s financial power again.
Our progress may seem slow at times, but
we to have remember what our economy has
endured - as economic analyst Terry Connelly
said, “The credit market’s had a stroke. We are
in intensive care now. We will have to learn how
to walk and talk again.” To monitor the credit
market’s rebuilding, we Main Street Americans
can turn to various public reports, including, for
example, Freddie Mac’s weekly report on mortgage
rates and the Federal Reserve’s quarterly
senior loan officer survey. We can also watch
the interest rate on Treasury securities – a rise
in U.S. Treasury securities’ interest rates will
indicate investors are willing once again to buy
riskier types of debt, and the credit markets will
be working again.
If you have any real estate lending related
questions or concerns, don’t hesitate to write me at
tfrey@mortgagewestco.com or call me directly at
925-820-7110.
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Opinion from page 23A
been invited to participate in a roundtable
hosted by the League of Women Voters.
This roundtable will be televised on CCTV,
cable channel 27, and will air several times
throughout the month of October. Check
your local listings for the viewing schedule
so that you can hear directly from all of the
candidates.
Thanks so much, and looking forward
to working together with our community to
help Discovery Bay realize its potential.
Jennifer Finetti
Discovery Bay
Streets to benefit local economy
Editor:
The Streets of Brentwood shopping
center is opening Oct. 24, and surely I don’t
have to tell residents of Brentwood, Oakley,
Discovery Bay and Antioch that these retail
stores coming will save you money.
People will not have to drive an hour
away to go shopping at popular stores. The
opening of the Streets of Brentwood will
give many people a lot of job opportunities
close to home. According to www.ksfm.com,
“This is an ideal retail location, and with
the city’s $80,000 median annual household
income and the nearest regional mall more
than 40 minutes away, it will be a true
economic engine.”
The tenants that are expected to open
in the streets are Rave Motion Theater,
REI, Banana Republic, Victoria’s Secret,
Tilly’s, Bath & Body Works, Hollister,
Gymboree, Limited Too, Rubio’s, No
Fear, dELiA*s, American Eagle, Children’s
Saturday,
October 4, 2008
9:00 am - 2:00 pm
at the Solid Waste
Transfer Station
Elkins Way off of Sunset Road
Event is open to all
residents of East Contra
Costa County
Place, Ann Taylor Loft, Talbots, J. Jill,
Coldwater Creek, LensCrafters, Chico’s,
White House Black Market, Mac Cosmetics,
Jos. A Banks, DSW, Aeropostale, AT&T,
Message Envy, Mainland Skate & Surf,
The Wine Loft, Salad Makers, Pacifi c Sun,
Anchor Blue, Rock Mountain Chocolate
Factory, and many more, according to the
Columbus, Ohio-based Continental Retail
Development.
Bianca Hill
Oakley
Thanks for fabulous faire
Editor:
On behalf of Liberty High School’s Arts
and Humanities Academy, we would like to
personally thank every person and business
aiding in the success of our Renaissance
Faire.
Among these businesses, we would like
to thank FoodMaxx, Home Depot, Winco,
Nunn Better Farms, Kelly Moore Paint,
Delta Fence and Raley’s for generous donations
of food, paint and gift cards. We would
also like to thank Wendy and Ben Baczenas,
Christine Stanek, Julie Criteser, Kristen and
Zac Hamstra, Scott Ritter, Shannon Leyen,
Tony Fiorelli, Kim Gasaway, Greg and Julie
Hugel, and Robin Christiansen for their contributions
to our faire.
The AHA Interns
Christie Kerr, Liberty Arts and
Humanities Coordinator
IN
BRENTWOOD
Household
Hazardous Waste
Accepted:
batteries
household cleaners
paint
motor oil
pesticides & insecticides
chemicals
fluorescent tubes
electronic waste
•CPUs •monitors •TVs
Not Accepted:
appliances
tires
radioactive or
infectious materials
For more information, contact Delta Hazardous Waste Program (925) 756-1990
www.ddsd.org