Monday, October 13, 2008

Dear Adam Lynch,

If you are going to call out someone, you might want to get his name right. Factchecking. Its. Not. That. Hard.

"Conservatives have a new scapegoat to take the blame for the economic meltdown over the last few weeks. Syndicated columnist and supply-side advocate Lawrence Kudrow summed it up during a Sept. 18 morning news talk show.
“It’s time for the Congress, Republicans and Democrats to stop encouraging, exhorting and forcing banks to make low-income loans with no documentation. Stop (the regulation) that literally pushed these lenders to make low-income loans,” Kudrow announced on Joe Scarborough’s MSNBC morning news analysis show, “Morning Joe

By the way, the rest of that story was very poorly researched and written as it's pretty obvious you were out of your depth. Don't feel too bad, I consider Hannity and other CRA critics clueless as well, if it makes you feel any better.


Anonymous said...

He can't help it. He has a fixation on Lisa Kudrow from "Friends" and of course he would be confused......

Anonymous said...

Here goes Kingfish pretending to be a journalist again...

Kingfish said...

Never claimed to be one dumbass. I'm not the one who claims to be an expert on journalism while never working at a newspaper.

I'm going to write something about CRA this week and it will be pretty clear that Lynch didn't do the right research and he and his boss don't know what the hell they are talking about.

Anonymous said...

Here goes Kingfish pretending to be a journalist again...

Here you go pretending that you are superior.

Anonymous said...

Why is being right "pretending to be superior?" Does the truth hurt?

Kingfish said...

I'm not the one pretending to be something I'm not. That post was just a little rattling of his cage, nothing personal. If the guy would contact me, I'd actually give him good useful information to use on this stuff as I've done with other reporters.

Truth be told, there are about 8-10 factors that came together that made this a perfect storm. Adam is wrong in what he wrote as the CRA was used as an excuse by CLinton in 95 to implement new regulations and by Cuomo in 99 to lean on Fannie to get into subprime.

However, the conservative critics screw up when they blame CRA because if I had to rank the reasons for why this happened, that would be near the bottom of the list. Its easy to miss though because unless you know how the industry works, its easy to fall into the trap of your ideology, left or right. Adam and Donna are doing it by immediately defending minorities when no one has really criticized them on this issue (although they DID sign THREE different disclosures that told them PROMINENTLY they were getting an ARM) and the Conservatives do it by blaming CRA as they see it as big government leaning on business and forcing them to go broke.

Both are completely wrong

Anonymous said...

Why is being right "pretending to be superior?" Does the truth hurt?

What truth did you provide? I missed it though your asshole-ness came through loud and clear.

Kingfish said...

correct spelling maybe.

And anyone who is educated on this subject knows CRA was used by Clinton Administration to browbeat Banks and Lenders into poorer quaility loans.

The CRA itself wasn't that big of a deal. really wan't. It was the reinterpreting of it by the Clinton admin in 95 as it rolled out much tougher regulations that focues on how many loans a bank made, not how ethical or fair it had been in its process. However, that didn't affect the housing industry that much in the scheme of things. Cuomo leaning on Fannie in 1999 did ALOT more damage and was what really started this mess. Then raines and his bunch cooked the books while the Dems ran interference. Fannie and other lenders offered crazy programs, appraisers cooked their work as well, then in 2004 SEC took away the 12:1 ratio limit on credit default swaps. That is probably the leading cause of the problem (leading by a hair over several others). I'm waiting for Hannity to start criticizing the SEC for this but frankly, I don't think he's smart enough to understand it.

Jane said...

I notice they are advertising for a business reporter.

Anonymous said...

One well versed on taxation, specifically paying taxes, would provide a major boost to that operation. Too bad they have to pay in t-shirts and extra passes to the 'best of' parties.

Recent Comments

Search Jackson Jambalaya

Subscribe to JJ's Youtube channel


Trollfest '09

Trollfest '07 was such a success that Jackson Jambalaya will once again host Trollfest '09. Catch this great event which will leave NE Jackson & Fondren in flames. Othor Cain and his band, The Black Power Structure headline the night while Sonjay Poontang returns for an encore performance. Former Frank Melton bodyguard Marcus Wright makes his premier appearance at Trollfest singing "I'm a Sweet Transvestite" from "The Rocky Horror Picture Show." Kamikaze will sing his new hit, “How I sold out to da Man.” Robbie Bell again performs: “Mamas, don't let your babies grow up to be Bells” and “Any friend of Ed Peters is a friend of mine”. After the show, Ms. Bell will autograph copies of her mug shot photos. In a salute to “Dancing with the Stars”, Ms. Bell and Hinds County District Attorney Robert Smith will dance the Wango Tango.

Wrestling returns, except this time it will be a Battle Royal with Othor Cain, Ben Allen, Kim Wade, Haley Fisackerly, Alan Lange, and “Big Cat” Donna Ladd all in the ring at the same time. The Battle Royal will be in a steel cage, no time limit, no referee, and the losers must leave town. Marshand Crisler will be the honorary referee (as it gives him a title without actually having to do anything).

Meet KIM Waaaaaade at the Entergy Tent. For five pesos, Kim will sell you a chance to win a deed to a crack house on Ridgeway Street stuffed in the Howard Industries pinata. Don't worry if the pinata is beaten to shreds, as Mr. Wade has Jose, Emmanuel, and Carlos, all illegal immigrants, available as replacements for the it. Upon leaving the Entergy tent, fig leaves will be available in case Entergy literally takes everything you have as part of its Trollfest ticket price adjustment charge.

Donna Ladd of The Jackson Free Press will give several classes on learning how to write. Smearing, writing without factchecking, and reporting only one side of a story will be covered. A donation to pay their taxes will be accepted and she will be signing copies of their former federal tax liens. Ms. Ladd will give a dramatic reading of her two award-winning essays (They received The Jackson Free Press "Best Of" awards.) "Why everything is always about me" and "Why I cover murders better than anyone else in Jackson".

In the spirit of helping those who are less fortunate, Trollfest '09 adopts a cause for which a portion of the proceeds and donations will be donated: Keeping Frank Melton in his home. The “Keep Frank Melton From Being Homeless” booth will sell chances for five dollars to pin the tail on the jackass. John Reeves has graciously volunteered to be the jackass for this honorable excursion into saving Frank's ass. What's an ass between two friends after all? If Mr. Reeves is unable to um, perform, Speaker Billy McCoy has also volunteered as when the word “jackass” was mentioned he immediately ran as fast as he could to sign up.

In order to help clean up the legal profession, Adam Kilgore of the Mississippi Bar will be giving away free, round-trip plane tickets to the North Pole where they keep their bar complaint forms (which are NOT available online). If you don't want to go to the North Pole, you can enjoy Brant Brantley's (of the Mississippi Commission on Judicial Performance) free guided tours of the quicksand field over by High Street where all complaints against judges disappear. If for some reason you are unable to control yourself, never fear; Judge Houston Patton will operate his jail where no lawyers are needed or allowed as you just sit there for minutes... hours.... months...years until he decides he is tired of you sitting in his jail. Do not think Judge Patton is a bad judge however as he plans to serve free Mad Dog 20/20 to all inmates.

Trollfest '09 is a pet-friendly event as well. Feel free to bring your dog with you and do not worry if your pet gets hungry, as employees of the Jackson Zoo will be on hand to provide some of their animals as food when it gets to be feeding time for your little loved one.

Relax at the Fox News Tent. Since there are only three blonde reporters in Jackson (being blonde is a requirement for working at Fox News), Megan and Kathryn from WAPT and Wendy from WLBT will be on loan to Fox. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both and a torn-up Obama yard sign will entitle you to free drinks served by Megan, Wendy, and Kathryn. Get your tickets now. Since this is an event for trolls, no ID is required. Just bring the hate. Bring the family, Trollfest '09 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS.

Trollfest '07

Jackson Jambalaya is the home of Trollfest '07. Catch this great event which promises to leave NE Jackson & Fondren in flames. Sonjay Poontang and his band headline the night with a special steel cage, no time limit "loser must leave town" bout between Alan Lange and "Big Cat"Donna Ladd following afterwards. Kamikaze will perform his new song F*** Bush, he's still a _____. Did I mention there was no referee? Dr. Heddy Matthias and Lori Gregory will face off in the undercard dueling with dangling participles and other um, devices. Robbie Bell will perform Her two latest songs: My Best Friends are in the Media and Mama's, Don't Let Your Babies Grow up to be George Bell. Sid Salter of The Clarion-Ledger will host "Pin the Tail on the Trial Lawyer", sponsored by State Farm.

There will be a hugging booth where in exchange for your young son, Frank Melton will give you a loooong hug. Trollfest will have a dunking booth where Muhammed the terrorist will curse you to Allah as you try to hit a target that will drop him into a vat of pig grease. However, in the true spirit of Separate But Equal, Don Imus and someone from NE Jackson will also sit in the dunking booth for an equal amount of time. Tom Head will give a reading for two hours on why he can't figure out who the hell he is. Cliff Cargill will give lessons with his .80 caliber desert eagle, using Frank Melton photos as targets. Tackleberry will be on hand for an autograph session. KIM Waaaaaade will be passing out free titles and deeds to crackhouses formerly owned by The Wood Street Players.

If you get tired come relax at the Fox News Tent. To gain admittance to the VIP section, bring either your Republican Party ID card or a Rebel Flag. Bringing both will entitle you to free drinks.Get your tickets now. Since this is an event for trolls, no ID is required, just bring the hate. Bring the family, Trollfest '07 is for EVERYONE!!!

This is definitely a Beaver production.

Note: Security provided by INS