http://www.yourloanguy.com

http://www.eskaton.org

http://www.hapgoodtheatre.org

Brentwood Press - Index

Brentwood Press - OakleyPress_10.03.08 - Index

22A | BRENTWOODPRESS.COM OCTOBER 3, 2008
VETERANS ONLY!
If you’re a Veteran wanting to BUY in this New Market, it’s time to get
APPROVED! From one Veteran to another, here’s how I can help:
• I will Pre-Qualify you quickly and order your Certifi cate of Eligibility
• I will provide you a list of every VA eligible home in the area
• I will show you how the Seller can pay off your debt in the loan
• I will introduce you to expert VA Realtors
100% FINANCING - GREAT FIXED RATES - ONE LOAN - VA INSURED
This is simply the best loan on the market.
Call me personally at 925-516-5791
or Email me, PaulKelly@YourLoanGuy.com
or visit my website at
www.YourLoanGuy.com
Home One Mortgage - 8440 Brentwood Blvd.
DEATH OF A SALESMAN
OCTOBER 9 � 26, 2008
The Pulitzer
Play by A
ze-Winning
Miller
Th � Sat @ 8, Sun @ 4
HAPGOOD THEATRE COMPANY
Tickets at www.hapgoodtheatre.org or �925� 757�9500
Opinion from page 20A
take process, you must then allow these
same teachers to utilize their experience,
knowledge and talents to help create and
bring about the changes. If teachers were
allowed to be part of the creative reform
process, they would gain ownership in the
reform and want to be involved.
As an example, let’s look at the
business world using two very different
kinds of companies: top-down companies
and bottom-up companies. A top-down
company has upper management discuss,
decide and then tell the employees what
to do. A bottom-up company offers
opportunities for employees to contribute
to the discussion, share their ideas and
creativity. Then when decisions are made,
they feel a part of the great strides that occur.
Antioch Unifi ed has already introduced
some fantastic new programs, such as the
new Dozier Libby Medical School and The
Delta Academy for the Performing Arts. The
two-principal school at Deer Valley High has
energized the teachers and incorporated the
students into a fun high school community.
The fi rst K-8 school has just started and
more innovative changes are on the horizon.
The future is bright for our district, but we
must become a unifi ed district.
The district must also give the teachers a
feeling of empowerment by bridging the gap
of communication, regardless of who caused
the gap. Everyone involved in the education
process needs to focus on changes which
will improve the educational health of our
schools for the betterment of our children.
Remember, teachers are the ones
working directly with our children in the
classrooms. If they are feeling unsupported
and disenfranchised, it can’t be good for the
students. Change for the good must happen!
Let’s make it a team effort.
Dr. Sean Wright
Candidate for Antioch School Board
Blame the Fed
Editor:
It appears that no one wants to identify
what truly punctured the housing price
bubble. It is a simple fact that it started with
the Fed’s increase in the money supply at the
turn of this century to combat the recession
and was exacerbated by its continuation
to combat the market reaction to the 9/11
terrorist attack. With this fl ood of money
into the banking system, where each bank
has to maintain only 10 percent of that
money in reserve. This 10-to-1 leverage is
then compounded when money is moved by
transactions to other banks, thus increasing
the leverage.
A bank’s business is deriving profi ts
from loans. By being able to sell loans
through Fannie Mae, Freddie Mac or other
entities, retaining fees for servicing as well as
deriving a profi t margin, they can again use
these new funds to make more loans. Once
loans are sold, the lender no longer bears the
risk of foreclosure when borrowers default.
The result has been to progressively relax
loan standards to allow marginal buyers to
qualify.
The increased demand caused home
see Opinion page 23A