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Green is keeping his options open

Original post made by Tim Hunt, Castlewood, on May 24, 2012

You’ve got to give Union City Mayor Mark Green credit for covering his bets.

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Comments (5)

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Posted by Mark Green
a resident of another community
on May 24, 2012 at 10:18 am

News articles are confusing people a bit. Clarification: If I am appointed to the Board of Supervisors and advance through the primary for the State Assembly, I will run for the State Assembly seat and not run for the Board of Supervisors position. If I am appointed to the Board of Supervisors and do not advance past the primary for the state assembly, I will run for the Board of Supervisors position in November 2012.


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Posted by Patriot
a resident of Another Pleasanton neighborhood
on May 24, 2012 at 10:51 pm

"The total impact is a loss of $262.5 billion—a relatively trivial number in the world economy.

Bill points to the derivatives industry, which is a $600 trillion market compared to $10.5 trillion for single-family homes."

Bill Godfrey is certainly on to something there. I think it is sad that more people don't understand the key role derivatives played in the financial meltdown.


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Posted by Stacey
a resident of Amberwood/Wood Meadows
on May 25, 2012 at 7:34 am

Stacey is a registered user.

Did anyone happen to catch the 4-part Frontline series on the Wall St. meltdown a few weeks ago? It was well done. Wall St. started pouring money into the sub-prime mortgage market due to these new mortgage tranches. The sub-prime market is a high risk market previously the niche domain of specialized brokers which Wall St. used to not touch. The mortgage tranches obfuscated the risk from investors. Investors were too trusting, or greedy. The easy credit then enabled predatory lending across the country. Frontline also touched on that aspect of the financial crisis.


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Posted by Patriot
a resident of Another Pleasanton neighborhood
on May 25, 2012 at 10:44 pm

Stacey,

Yes, I watched the Frontline series and thought it was a pretty good overview of the crisis. The period of lax sub-prime lending standards was another sad aspect of the it. Another takeaway from from the Frontline piece was that little has been done to prevent another credit panic, perhaps this time caused by currency swaps, sovereign debt derivatives, or something else.


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Posted by Leftist Activist
a resident of Another Pleasanton neighborhood
on May 26, 2012 at 11:27 pm

Mark Green has been 'running' for a number of offices for many years, under several different leftist party names.


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