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[Akka Homestead <akkabhomestead AT yahoo.com>]

bob ford wrote:
> When I bought my country property, abundant clean water  was
> imperative, to me.  Maybe its because I've lived in the desert for
> years, but, I see a day when shortage of clean water becomes a much
> bigger deal than shortage of petro.  anyway, interesting
> article......bobf
> 
> http://www.cnn.com/2008/TECH/science/09/19/water.crisis/index.html
>

Here's another, slightly different take on the problem.

http://georgiafaces.caes.uga.edu/storypage.cfm?storyid=3522

“We’re no longer recharging our groundwater, and we’re reducing the amount of 
available water we can use to dilute the pollutants going into the streams,”






>From jmroll AT bellsouth.net  Fri Sep 19 14:25:17 2008
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From: jmroll AT bellsouth.net
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Subject: [Homestead] Melt Down
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Good story by Neal Boortz
johnny reb

Melt Down by townhall.com/columnist/nealboortz 

What in the world is going on here? 
You’ve seen the headlines, and you heard of the failures and buyouts. 
Lehman Brothers, Bear Stearns, Merrill Lynch, AIG; all big names and all in 
big trouble. Then those mysterious quasi-government agencies with names like 
Freddie and Fannie become wards of the state and you learn that you and your 
fellow taxpayers are potentially on the hook for tens of billions of dollars. 
At the end of the week Washington Mutual is looking for a buyer, and you 
start to wonder about the security of your own bank and your own savings 
account. Let’s change that ad copy to WaMu -- boo hoo. 
Somewhere in the back of your mind you understand that this is all tied 
somehow to bad mortgages. If you start reading a bit further to enhance your 
understanding you run into terms like Mortgage Backed Securities (MBS) and 
credit-default swaps, whatever in the world those are. Read further and you 
find out that a combination of falling home prices and mortgage defaults have 
put many investment banks and other financial institutions in deep puddin’. 
All this reading, all this watching the talking heads on TV, and you still 
don’t really know what in the world is going on here. 
Fear not. I’m here to help. I know … I’m just another talk show host; 
but the fact is that when the stage was being set for the problems we’re 
seeing today I was making most of my money as a real estate lawyer .. closing 
loans for some of the very institutions that are the tank today. This rather 
unique combination – closing lawyer and radio talk show host – gave me a 
front row seat to the politicization of mortgage loans that led us to 
today’s headlines. 
OK .. so we all know that a lot of really bad real estate loans were made. 
The political class would sure love for us to believe that the blame here 
rests squarely on “greedy� (try to define that word) mortgage brokers and 
lenders. The truth is that most of the blame rests on political meddling in 
the credit decisions of these mortgage lenders. 
Twenty years ago the buzz-word in the media was “redlining.� Newspapers 
across the country were filled with hard-hitting investigative reports about 
evil and racist mortgage lenders refusing to make real estate loans to 
various minorities and to applicants who lived in lower-income neighborhoods. 
There I was closing these loans in the afternoons, and in the mornings 
offering a counter-argument on the radio to these absurd “redlining� 
claims. Frankly, the claims that evil mortgage lenders were systematically 
denying loans to blacks and other minorities were a lot sexier on the radio 
than my claims that when credit histories, job stability, loan-to-value 
ratios and income levels were considered there was no evident racial 
discrimination. 
Political correctness won the day. Washington made it clear to banks and 
other lending institutions that if they did not do something .. and fast .. 
to bring more minorities and low-income Americans into the world of home 
ownership there would be a heavy price to pay. Congress set up processes 
(Research the Community Redevelopment Act) whereby community activist groups 
and organizers could effectively stop a bank’s efforts to grow if that bank 
didn’t make loans to unqualified borrowers. Enter, stage left, the 
“subprime� mortgage. These lenders knew that a very high percentage of 
these loans would turn to garbage – but it was a price that had to be paid 
if the bank was to expand and grow. We should note that among the community 
groups browbeating banks into making these bad loans was an outfit called 
ACORN. There is one certain presidential candidate that did a lot of 
community organizing for ACORN. I won’t mention his name so as to avoid 
politicizing this column. 
These garbage loans to unqualified borrowers were then bundled up and sold. 
The expectation was that the loans would be eventually paid off when rising 
home values led some borrowers to access their equity through re-financing 
and others to sell and move on up the ladder. Oops. 
Right now this crisis is being sold to the American public by the left as 
evidence the failure of the free market and capitalism. Not so. What we’re 
seeing is the inevitable result of political interference in free market 
economics. Acme bank didn’t want to loan money to Joe Homebuyer because Joe 
had a spotty job history, owed too much money on his credit cards, and 
wasn’t all that good at making payments on time. The politicians told Acme 
Bank to figure out a way to make that loan, because, after all, Joe is a 
bona-fide minority-American, or forget about opening that new branch office 
on the Southside. The loan was made under politicial pressure; the loan, with 
millions like it, failed – and now we are left to enjoy today’s 
headlines. 
So … why aren’t you reading the whole story in the mainstream media? Come 
on, are you kidding me? Do you really expect the media to blame this mess on 
deadbeat borrowers and political interference in the free market when it is 
so easy to put the blame on greedy lenders and evil capitalists? Remember … 
there’s an election going on. One candidate is decidedly anti-capitalist. 
Do the math......
http://townhall.com/Columnists/NealBoortz/2008/09/19/the_rest_of_the_meltdown_st
ory 
>From bobford79 AT yahoo.com  Fri Sep 19 14:37:46 2008
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From: bob ford <bobford79 AT yahoo.com>
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Subject: Re: [Homestead] water shortage
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This is from SW Missouri, 3 years ago.  You don't really think of a 
waterlogged midwestern state like Missouri having water problems.  I have 
relatives throughout the Deep South.  Drought conditions have been in affect 
there for half a dozen years ....bobf
 
http://www.joplinglobe.com/siteSearch/apstorysection/local_story_098162708
 
 



----- Original Message ----
From: Akka Homestead <akkabhomestead AT yahoo.com>
To: homestead AT lists.ibiblio.org
Sent: Friday, September 19, 2008 11:23:08 AM
Subject: Re: [Homestead] water shortage



bob ford wrote:
> When I bought my country property, abundant clean water  was
> imperative, to me.  Maybe its because I've lived in the desert for
> years, but, I see a day when shortage of clean water becomes a much
> bigger deal than shortage of petro.  anyway, interesting
> article......bobf
> 
> http://www.cnn.com/2008/TECH/science/09/19/water.crisis/index.html
>

Here's another, slightly different take on the problem.

http://georgiafaces.caes.uga.edu/storypage.cfm?storyid=3522

“We’re no longer recharging our groundwater, and we’re reducing the 
amount of available water we can use to dilute the pollutants going into the 
streams,�





      
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