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George Noorey
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George Noorey
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A just released 545 page report from the Financial Crisis Inquiry Commission is getting very low marks. The Wall Street Journal's website shows 39% of those who responded gave it an "F" and 60% gave the report a "D". Bend Financial Advisor Bill Valentine, with Valentine Ventures, says the report was very partisan. The six Democrats on the 10 person Commission supported its findings; the 4 Republicans refused to endorse it. Valentine says the report names villians like big banks and Wall Street; but leaves out the consumer: "The institutions; as it were the drug dealers in this situation were highly responsible for the reckless behavior in this crisis. But the drug user also has a responsibility as well. And I use the metaphor to describe the fact that for 25 years in this country, we've gotten away from the hard lessons that were learned during the depression." Valentine says those lessons are things like the value of saving, the proper use of debt and the importance of good credit. He believes this report could have been an opportunity to educate the American public, but was instead a waste of time and taxpayer money.

 

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Jones Road, full road closure between Bennington Lane and NE Butler Market Road. May 18 – August 18, local access only.
 

Oregon State University off-site improvements for intersection reconstruction, July 11 – August 3,    7 a.m. – 4:30 p.m., at intersection of Chandler Avenue and Yates Drive.

 

Orion Drive closed in two locations for sewer work; at the intersection with Avery Lane and between Desert Woods Drive and King Hezekiah Way.  From July 11 to Sept. 6. Detours marked.

 

Valhalla Sewer Relocation Project, Mt. Washington Drive at Shevlin Park Road intersection and North to Regency Street. Nighttime closures with detours marked during roundabout construction. Daytime closures for construction towards Regency Street.    7 p.m. – 7 a.m., July 11 – November.

 
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