BofA sues Arkley for $50 million

Eureka power couple Rob and Cherie Arkley have hit a new financial snag — Bank of America is suing them in Federal Court for $49,928,351.

The lawsuit is based on a Servicing and Custodian Agreement by Arkley and his Security National Servicing Corp. to guarantee payment to Bank of America on a loan agreement by Sequoia Funding Trust, a subsidiary of Security National.

According to the complaint, the “Original Loan Agreement was established to finance a discrete pool of residential and commercial mortgage loans purchased from third-part originators… The portfolio consisted primarily of first-lien mortgage loans secured by single- and multi-family residential properties situated in forty-four states.”

The original loan agreement was later amended with what BofA calls the “Arkley Guarantee,” in which “Robin Arkley absolutely and unconditionally agreed, among other things, to pay to Bank of America, on demand, all sums due and to become due as a result of Sequoia’s default.”

Sequoia defaulted on the loan, and the case was filed March 31st.

2010 is shaping up to be a tough financial year for Arkley — his Statewide Bank was shut down on March 12th and is under investigation due to the massive cost to the insurance fund of the Federal Deposit Insurance Corp.

165 Responses to BofA sues Arkley for $50 million

  1. Anonymous says:

    Does it mean that BofA lent money to Arkley to buy up mortgages already created on homes and then the market fell and when the loans failed he was stuck and his old tricks would not work? And now BofA wants their money back and he does not have it?
    Will there be a benefit for him at the Grange?

  2. Anonymous says:

    The “Arkley Guarantee”. Love it.

  3. Violet says:

    Bye, bye, Arkleyville!

  4. Babushka says:

    Is it “Ding Dong, the Witch is Dead” time? Do we know how much of a dent $50M will make?

  5. Anonymous says:

    What’s the source of this news? I don’t see a citation.

  6. Heraldo says:

    No news sources have covered it so far according to Google. But the screen shot is a true and correct copy of the complaint.

  7. Heraldo says:

    Do we know how much of a dent $50M will make?

    Good question. The complaint says Arkley “agreed in the Arkley Guaranty that, until Sequoia’s obligations to Bank of America have been paid in full, Arkley will maintain a net worth of at least $50,000,000.”

    $50 mil is seriously small potatoes for the guy regularly characterized as a kazillioniare. There is no mention of his actual net worth.

  8. anonymous says:

    An inside source, it seems! It took awhile to get the information, if the suit was filed on March 31. Where is the amount stated?

  9. Anonymous says:

    true and correct

    That’s much better than false and correct, or true and incorrect. Double-plus good!

  10. Heraldo says:

    Where is the amount stated?

    Repeatedly in the complaint. Here’s the concluding paragraph:

    WHEREFORE, Bank of America prays that this Court enter a judgment in its favor and against Robin Arkley, jointly and severally, for all amounts due under the Arkley Guaranty, the Amended and Restated Loan Agreement, and the Omnibus Amendment, not less than $49,928,351, plus accrued interest at the default interest rate, fees and costs of collection and enforcement, including Bank of America’s attorneys’’ fees, together with such other and further relief as shall be just and equitable.

  11. Plain Jane says:

    With the accrued interest, fees and costs of collections and attorney’s fees, it’s going to be a lot higher than $50 million.

  12. Spongy Morel says:

    LOL, I have to wonder if B of A will have any better luck getting their 50 million than the City of Eureka has had trying to get its mere 160 thousand?

  13. Yeppers,

    the fraudulant financial sector involves banks and insurance companies.

    Employees = minions

    higher-ups = stool pigeons formerly minions

    See what happens when people who are USED to spending OTHER PEOPLE’S MONEY did not even earn it themselves like only honest people do!

    Paper pushing profitization is a manifested fraud of government and big business through the corporate fascist models of governance to create jobs through transfers of wealth BECAUSE TOO MANY PEOPLE LIVE IN AMERICA WITH NOT ENOUGH TO GO AROUND – AND THOSE PUSHING FOR JOBS ARE GOING TO FIND THIS OUT THE HARD WAY! The jobless, even when jobbed, were being hosed by the wealth classes – penury, learn to love it without complaining like slaves only complain. You voted for it; so, accept it and deal with suffering the consequences. Humiliation and embarrassment is now in order for so many!

    DON’T BE FOOLED BY THE JOBS PITCH WHEN THE WEALTHY ARE USING THE SITUATION TO GARNER HUGE PROFITS BY CUTTING THE WORKFORCE AND LOWERING THE QUALITIES TO THE LABORERS ONLY TO REHIRE AT REDUCED PROFIT LOSSES WHEN OPERATIONS START UP AGAIN. It is also a scheme to get out of taxation at the highest of levels where the taxpayers brunt the burden of the subsidies and kickbacks ala Fannie and Freddie, CDO, MBO, Do’s, etc… – and don’t forget bankruptcy where the wealthies earn billions upon billions by not paying their bills which puts out of business the smaller business which is owed lots of money.

    The American system is rigged!

    Jeffrey Lytle
    McKinleyville – 5th District

  14. Anonymous says:

    At one time $50 million was a little more than one months net for Rob, so this may not be as big of a deal as you might think. However, that was then.

  15. robustus says:

    At one time a few years ago Rob & Cherie’s net worth (why don’t we hear about Cherie anymore?) was said in the NCJ to be slightly less than 1 billion. Let’s make it 1 billion. Then 50 million is 1/20 of their net worth. Would be a greater fraction now, since I imagine the recession has hurt them. But Rob & Cherie aren’t going to be flying cardboard signs along Broadway.

  16. the elephant says:

    Ah, another upstanding conservative businessman. He has to be sued to pay his debts. Shows how much his word (or signature) is worth.

  17. John Lennon 2 says:

    RA,Instant Karma going to get YOU!

  18. d'herbois says:

    hahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahahaha!

  19. hwy96 says:

    classic, absolutely classic… But it’s not like he couldn’t produce another 50 mil through his illegal opps at his ranch on hwy196

  20. moviedad says:

    it’s interesting that you always manage to get courthouse-type documents before anyone else even knows to look for them…Hmmmm, I wonder….

  21. Big Banana says:

    There are “upsides” to hitting hard financial times.
    1. You find out who are your real friends.
    2. Being humbled builds character.
    3. Those looking for handouts go elsewhere.

    The list goes on. It isn’s all bad.

  22. wants to know says:

    hwy 96, you wrote “his ranch on hwy196″. Did you mean “hwy 96″ or “hwy 169″. I don’t believe there is a hwy 196 anywhere in California.

    Anyway, tell us more. Where is this ranch and what is the illegal stuff he’s doing there???

  23. Spongy Morel says:

    I am pretty much ignorant when it comes to investment banking and 50 million dollar lawsuits. Is it possible the RA is insured in the event of such a lawsuit? Is the reality that it’s an insurance company will take the hit and not Arkley? Is it possible that the lawsuit just a “motivator” on BofA’s part to collect what’s owed them? Should the City of Eureka be doing the same? You know, to just sort of get his attention.

  24. 5 w's says:

    I think I meant the 169… whatever that huge property is between willow crick and hoopanani– The wall of redwoods and manzanita surrounding his massive cash crop

  25. Anonymous says:

    “Should the City of Eureka be doing the same? ”

    Sure the the city should sue Arkley for the money he owes. But as long as the three stooges are in power they will not. You do not bite the hand that feeds you….so to speak.

  26. Anonymous says:

    It is Highway 96. The ranch if the Sugarbowl.

    They leave the gate open so if there was a cash crop down there it is gone by now.

  27. CheeseDick says:

    Careful! Rob might have to sell his downtown holdings and then thoses pesky litte fuckers from L.A. will come in and ruin the place.

  28. This area is awesome.

  29. anonymous says:

    Think what you like, but the idea of there being a cash crop on the Willow Creek property is a ridiculous one.

  30. Reinventing The Wheel says:

    The local “media” buries these stories, completely missing the BA suit, the bank failure, and the CA Land Trust Cease and Desist Order on the Balloon Tract…Never mind any frequent follow-up amid the growing complexity of failures and the potential impacts on our community.

    Does local media fear the “anti-Arkley” appearance that so many facts might generate if reported?

    This is the antithesis of the public watchdog that community media used to be, and a big reason a city saturated in poverty wages and sprawl will likely get more.

  31. the reasonable anonymous says:

    By “cash crop,” I assume we’re referring to potatos?

  32. disappointed says:

    Shucks, I thought maybe it was something really good, like a private repository for illicit disposal of nuclear waste, or mafia bodies, or rubbed-out liberals.

  33. the reasonable anonymous says:

    Nuc-you-lar taters?

  34. humboldturtle says:

    At one level wouldn’t we all really like to have this problem? Or is money the root of all evil?

  35. Filibuster says:

    I’ll pass.

  36. Not A Native says:

    The last two years hasn’t been kind to “bottom feeders” like Arkley whose business is turning around distressed mortgages. SN wants to hold on to these notes rather than selling them and taking a huge loss that is now only “on paper”. I doubt $50M is at risk, the properties still have some value. But he’s “underwater”, can’t refinance. Credit is king.

    The legal dispute is likely over the exact nature of the “guarantee”. The cost to have a judge decide if a guarantee applies will limit the fight, on both sides.

    Arkley will attempt to settle this suit by just turning over assets, putting up little cash. If BA tries to play hardball, refusing to take risky assets, Arkley will seek bankruptcy protection for Sequoia. Its an Arkley headache, but not a disaster IMHO.

  37. Humbooger says:

    Bon-Bon must be behind this.
    Oh well, I love Rob-Rob even more now. Finally, he’s the underdog!

    Sympathy hugs!

  38. Reporta says:

    How ironic. Arkley gets sued by the same bank that gobbled up most of Media News Group’s stocks. Looks like BoA won the newspaper war.

  39. highboldtage says:

    The company that bundles mortgages and sells them as securitized investments is usually on the hook for the timely payments on the mortgages it sells. If they go into default then they must make the payments. That is probably the issue here, SN might not have the cash flow to keep up the payments on the paper it tranched.

    have a peaceful day,
    Bill

  40. titan says:

    Big Banana said being humbled builds character. I bet RA will be an exception.

  41. titan says:

    And RA isnt’t even on the Forbes 2009 List of 400 Richest Americans, so I doubt he is anything close to a kazillionaire. Gosh, maybe he’ll have to tighten his belt like the rest of us, although he probably interprets that to mean don’t pay the city its 160k for the EIR.

  42. Anonymous says:

    You guyz are in dreamland. Such bullshit! A smidge of truth and the rest of the pie is all KA KA.

  43. titan says:

    The main thing is the lawsuit, and that ain’t no KA KA. HA HA

  44. swine says:

    If I working for Security National I would be updating my resume right now.

  45. anonymous says:

    Swine – you may want to consider a proof reader too – for that resume! Just a suggestion…

  46. Bolithio says:

    Im still unclear why everyone gets so excited to see him fail. What exactly did he do to you? So blogs dig deeper than our small town paper. No shit. But Ive yet to see any story, blog or otherwise, that demonstrates that RA is wronging us here, as is implied by everyone. Obviously the author of this site holds a grudge against him, but why all the anon posters?

  47. The Monitor says:

    The handwriting has been on the wall for a while now. Rob has had two of his banks fail, as well as sequoia trust in trouble. He has some big financial problems ahead of him. It will take his whole team of lawyers to sort this all out. The government investigation of his Louisiana bank could spell real trouble for him, as the current mind set in Washington is not working in his favor. This recession bit him in the butt, as it did most of us, but he may have overstepped the Federal legal speed limit. Also, our fair city may be left holding a bag or two, as well. When all is said and done, Tyson and crew may have to eat the remainder of the EIR bill and may inadvertently become the owners of a 30 acre brown field. Wouldn’t that be a story? And to those who bought Arkley’s big dream, at least look twice before you leap.

  48. anonymous says:

    Everybody is jumping to so many conclusions. This makes for a “big story” but most likely the actuality is, or will prove to be, less dramatic than it sounds.

  49. Anonymous says:

    Bolithio – Pull your head out of the ground. There are so many anon posters because there are so many people who have been fucked over by Rob but who fear his wrath. Whether you like it or not, that is the truth.

  50. Anonymous says:

    there is a lot of hate in here.

  51. Mike Buettner says:

    “Im still unclear why everyone gets so excited to see him fail.”

    Some do I’m sure. But to many it is more the political intrigue that is more fascinating. It might not be Goldman Sachs, but on a local level the failings of of a prominent banker does (or would if it were in the TS) raise eyebrows.

  52. anonymous says:

    Indeed, and I suspect the TS will be next. It IS the intrigue that fascinates and the old saying “you reap what you sow” that incites much of the anger. Some people (and the greater community) have benefited from the Arkley largesse while others have been personally wronged and still others are politically/philosophically opposed to the Arkley agenda. You see all the opposing views here, but on a relatively small scale compared to the “real world.”

  53. Anonymous says:

    There are so many annon posters because the few post often.

  54. Filibuster says:

    If I remember correctly Rob and Cherie’s ORIGINAL proposal was either to purchase the Balloon Track for the City of Eureka, or give the City $2 million toward its purchase (don’t remember which), with the idea that it would be used as a park and/or some harbor-related civic development. But Eureka turned them down (wisely, given the contamination problems.) After that the Arkleys purchased it for their own development purposes.

  55. AnonymousX2 says:

    The least the anons should do is number themselves, you know, anon101 or 69, something to stand out in the crowd.
    my take on Arkley is the greed of wall street and the lack of a moral compass in their business dealings is not a thing we should look up to. He is part of that group that felt it was ok to take what ever he could get, no matter how it affected people’s lives, jobs, retirement, their investments. And beware if you should try to block these financial kings, as some people in this town can attest to. Most keep their mouth shut out of personal fears of retribution, or of the push and shove that might follow. For those who might remember, I will leave you with one word, Gupton.

  56. Anonymous says:

    Im still unclear why everyone gets so excited to see him fail.

    he is conservative. tommy no likey that.

  57. Anonymous says:

    A lot of employees’ livelihoods are at stake. Many ancillary jobs as well, people who depend on this business to survive. Wish for financial health for all local companies.

  58. Anonymous says:

    # Anonymous Says:
    April 26, 2010 at 9:02 pm

    Bolithio – Pull your head out of the ground. There are so many anon posters because there are so many people who have been fucked over by Rob but who fear his wrath. Whether you like it or not, that is the truth.

    OK, my heads out of the ground….where are all the fucked, scared people?

    Again, what has he done to anyone here locally? (Not including political gaffs)

  59. Nobody But Me says:

    Here’s a question that has nothing to do with Rob Arkley, but a lot to do with what has happened to “media”.

    How is it possible that the day after a local blog reveals a B of A lawsuit for $50 MILLION against a community’s wealthiest citizen and major benefactor (sorry, Heraldo), the web site of that community’s only daily newspaper shows no related article?

    I haven’t seen the physical paper, but the lead story on the web site is about a two year old murder.

    Beyond pathetic. A complete disgrace. Their building should sink into the earth in shame.

  60. Blanche says:

    Those of you who are so gleeful about this post should know that those who indulge in schadenfreude will also have the benefit of a very special kind of KARMA payback. And all this time I was led to believe liberals and progs were so compassionate. Guess that was just smoke and mirrors and all peace and love crap.

  61. Plain Jane says:

    Shame on us for enjoying that a rich right wing fanatic who has been profiting on the financial misery of others gets smacked. I’m SO ashamed!

  62. Mitch says:

    Blanche,

    You are right about the schadenfreude.

    As a proud progressive, though, I don’t know how you could have thought that progressives were superhuman. Like conservatives, progressives come in all shapes and sizes. I, too, find the display of schadenfreude off-putting.

    One difference between progressives and conservatives, though, is that progressives find themselves curious about how someone involved in finance or real estate “earns” hundreds of millions of dollars, when people who do backbreaking labor for a lifetime never “earn” a single solitary million.

    My very simple answer is that they don’t. That’s not to say that they steal it, but I’m confident it isn’t “earned.”

  63. AnonymousX2 says:

    Heraldo has posted many stories over the years, on Rob’s many, many paybacks. If you go back into the archives, you will find many things Rob has done to make life miserable for those who disagree with him or try to stop one of his big plans to make our lives so much richer, or is it his life becoming richer and richer and richer. The outcome all depends on the outlook of the one who has the power. It would seem that power does corrupt in this case. Enlightenment comes with a heavy hand at times.

  64. Mitch says:

    Regardless of what he’s done, AnonymousX2, and I know he “took out” Tom Daschle among other things, it’s not to anyone’s credit to be gloating in public — anonymously, no less — about someone’s misfortunes.

    Misfortunes are misfortunes. Everybody has a mother.

  65. Everybody has a mother?

    My mom died when I was a little over 1 year old – short lived relationship and no memory.

    So, I don’t get what your angle is.

    Jeffrey Lytle
    McKinleyville – 5th District

  66. Mitch says:

    I’m sorry, HoJ. I’ll let someone else explain.

  67. Plain Jane says:

    You’re right Mitch. Gloating is unbecoming a saint, but most of us aren’t and take a little satisfaction when rain falls on those who profit from the rain in other people’s lives. I’d rather laugh with the sinners….

  68. Mitch says:

    None of us are saints, Jane. But we’d all be well-advised to look to their example. No need to sink to the same level as the worst.

  69. Mitch says:

    You want schadenfreude, Jane? I’ve stopped working this morning so that I can watch the Goldman Sachs testimony to the Senate. A first tiny tiny step towards justice.

  70. Anonymous says:

    Goldman Sachs? Aren’t they the firm that’s been donating to Democratic candidates more than Republican candidates for years now?

  71. Mitch says:

    And look at those damned ungrateful Democrats! I wonder what that’s all about.

  72. Plain Jane says:

    Thanks for the reminder, Mitch. Ungrateful Democrats can only be rented, not purchased.

  73. Mitch says:

    That’s the great thing about Republicans. You buy a Republican, they stay bought, right up until you put them safely in one of your industries lobbying shops.

  74. Anonymous says:

    Back-breaking labor, and most jobs for that matter, have a set price, a pay scale. Those who “make millions” also risk millions, thus the topic of this blog today. We need the risk takers as well as the laborers, hourly wage earners to make the world work, in my opinion.

  75. Plain Jane says:

    Most people who make millions aren’t risking their own millions but the millions belonging to wage earners who trusted them as well as the taxpayers who bail them out when the risks are too great.

  76. Mitch says:

    It’s enormously easier to risk millions when you have millions more. When your savings will get you through next month, it’s harder to put them at risk.

    That gives those who already have millions an enormous advantage at making more, since by taking on risk, they are getting higher return.

    The question is how our society chooses to value four categories: back-breaking physical labor like that of miners, construction workers, tree fallers, etc…; difficult work like that of doctors, nurses, teachers, firefighters, cops; work based on connections, like lobbying and executive management; and capitalist investment/gambling like that of bankers and investors.

    That decision has been largely made by the last group, and its the last two groups who are getting the best deal. Other societies have made the decision in different ways, and I’m not talking about the USSR.

  77. anonymous says:

    Unless the risk takers are not risking their own money and ultimately others suffer as a result.

  78. Anonymous says:

    Most people who risk millions have already put in years of very hard work to get them where they are. It’s rare to be where they are without having to go through lean years. Do you idiots think the millions just fell in their lap?

  79. "idiot" says:

    yes I do, just look at Arkley

  80. Plain Jane says:

    Of course not, 1:15. A large percentage got their millions from labor, that of their mother’s during their birthing. The millions made by the elite of the financial industry, however, is through risking other people’s money as well by selling them undisclosed risky investments and then betting on their failure.

  81. Mitch says:

    Anonymous 1:15,

    That’s certainly the justification. I don’t believe it for a minute.

  82. humboldturtle says:

    Most people with real money inherit. Not all. Most.

  83. Anonymous says:

    You don’t think Arkley worked hard and had lean years? Risked his own money? You truly don’t understand.

  84. Anonymous says:

    and what is “real money”, turtle? More than a few million?

  85. Ed says:

    I found it interesting that the KINS interview yesterday with Arkley began with a question about the BofA suit. This after no coverage in any media other than the Herald. Rob’s comment? My employees need not worry, cherrie and I will be OK.

  86. Mitch says:

    Anonymous 1:39,

    Did young Mr. Arkley ever worry about whether he’d be able to offer dinner to his kids? About being able to pay for medicine? Many, many hard-working Americans do. Lean years? What does that mean, not being able to get a new car?

    I think part of the difficulty people have in understanding one another is that many people no longer understand what a “typical” working American has to deal with. There is less and less interaction, and the propaganda from the media has reached the point that even many hard-working Americans think they somehow just aren’t working hard enough to earn their millions.

    Anonymous 1:41,

    I don’t think I’m a dope, but I join you in your relief that I’m not in charge of anything. I feel sorry for President Obama.

  87. Plain Jane says:

    “You don’t think Arkley worked hard and had lean years? Risked his own money? You truly don’t understand.”

    LOL! He could use a few lean years now, but the fact is he inherited his wealth from his daddy.

  88. Anonymous says:

    I think when Mr. Arkley was first married he was typical of a young person out of school, living in a rental and living from paycheck to paycheck. You are right in that he probably did not have to worry about food, clothing. Many young people do not have the opportunity to go to college, then law school, and then another graduate program, but my point is that he did work hard, did well in school and then had to start from the bottom and he was not unlike many young people in this community starting out at the time.

    Making him into your perfect villain, starting out with millions he inherited is just not accurate.

  89. Anonymous says:

    Jane, you are sadly mistaken.

  90. Ed says:

    I learned long ago that “hard work” has no real moral justification attached to it. Your “perfect villain” works just as hard as your “Perfect hero”.

  91. Anonymous says:

    “had to start from the bottom”?

    Maybe your bottom is different than mine. Sounds like its bigger.

  92. anonymous says:

    Arkley apparently risked assets here, which is the only reason there is a lawsuit. B of A is able to sue because they have the “Arkley Guarantee” and they must believe there is something to be gained. Whether that ends up being 50 million, remains to be seen.

  93. Ed says:

    I guarantee I’ll pay for any legal defense and i”ll back it up with my only asset, a brownfield.

  94. Ed says:

    The majority on the Eureka city council bought Rob’s guarantee based on the value of a brownfield.

  95. Ed says:

    Calling Senator Levin.

  96. Anonymous says:

    Yes it is. His dad loaned him the money to buy out the failed savings and loan in Alaska that started his fortune.

  97. Anonymous says:

    “Im still unclear why everyone gets so excited to see him fail.”

    -He has never given a flying fuck what other people think of him, why do his supporters care what other people think of him? It takes a special kind of asshole to make a fortune by buying distressed mortgages and evicting people. If Schadenfreude is pleasure derived from the misfortune of others, what is FORTUNE derived from the misfortune of others? As for Karma, ha, I believe whole heartedly that Rob Arkley has much more to fear from Karma then most posters here.

  98. Reinventing The Wheel says:

    Right you Are.

    Local citizens are starved for accountability from the Bigs who have mastered the transfer of public wealth to themselves, while divesting from the U.S. tax system. They profited from the upside and the downside of mortgage scams, fraud and corruption, keeping citizens around the world in the dark through a consolidated media that protects the Bigs (media’s advertisers) via self-censorship.

    No wonder the Times Standard is losing subscribers. Readers are drowning in Humboldt County’s new feudalism and America’s new Gilded Age, and the local individual’s contributing to this don’t merit front page news?

    Mr. Arkley might be financially diminished from his shenanigans, but is it justice? Goldman Sach’s executive Congressional Testimony today says it all.

    This is not Schadenfreude.

    Any ideas for a new blog: “Local Media-Watch”?

  99. Mr. Nice says:

    I’m not some kinna Arkley fan, but y’all keep trying to misrepresent all these Arkley-related situations.

    Y’all don’t seem to get it. Y’all say Arkley made his money on the misfortunes of others. Y’all say in the early-2000s when the economy took a dump, he raked in the ducats because he swallowed up a bunch loans. Soz… What the fuck do y’all think is happening now? Y’all wish that this economic slump was hurting dude. Like when he made money off the economy shitting one time, he’d somehow lose money next time… but that ain’t how it works and y’all should know that.

    Y’all talk about his holding company being worth 1 billion. A billion is some tired ass 2008 shit. Security National got 1.5 billion in loans now y’all. For a subprime loan business, Security National is on point. It’s got them expensive ass SAP programs so you know they are on top of things. And they will keep gobbling up more subprime loans. Prolly have 2 billion next year.

    $50 million ain’t shit in this scheme. Bank of America is getting all aggressive because BoA is going to shit. Their stock used to be worth fifty and now they can’t even crack twenty. The rest of the banking industry has moved on but BoA is still shit because BoA sucks dick. I dunno why y’all hate on local asshole dude more than some big ass money black hole that was complacent in this whole government/federal reserve money scam that fucked us all over to the point that some folks now gotta pay their loan to Security National. Shit.

  100. Mitch says:

    Local Media-Watch?

    How’s about The Humboldt Herald.

  101. Ed says:

    Here’s my loaded question for Virginia Bass; When Rob Arkley in the name of CUE offered to undersign the City of Eureka to cover legal expenses for defending his EIR on his balloon tract project, did you or did you not understand that it was in the words of Goldman Sachs “a shitty deal?” Remember, CUE’s only asset is a brownfield.

  102. Matthew Bass says:

    I am crying for poor Rob. His troubles have just started by this time next year he’ll be singing a different tune. I wonder if if Cherie will stand by him as his world turns to shit. The feds are going to start turning over every rock in Arklyville to see what crawls out.

  103. Truth Speaker says:

    Where does the dislike for Arkley come from? He started a business that provides jobs and tax revenue for a poor city. He donates millions to the public (EHS pool, the boardwalk, among other projects). It reminds me Ayn Rand’s “The Fountainhead” where society doesn’t like those who are in any way outstanding and tries to pull them down into the muck that is their own lives.
    Why do people celebrate the one of the biggest local employers struggling? Is it that he is a republican/ Bush supporter? How will his struggles benefit us? If you are an environmentalist, how do you think his struggles will affect the clean-up of the balloon tract that is currently leaking dioxins into the bay?

  104. Anonymous says:

    Matthew Bass is a bitter fool who clearly doesn’t know Cherie Arkley at all. Baste in your own bile you hateful man.

  105. Anonymous says:

    “Here’s my loaded question for Virginia Bass; When Rob Arkley in the name of CUE offered to undersign the City of Eureka to cover legal expenses for defending his EIR on his balloon tract project, did you or did you not understand that it was in the words of Goldman Sachs “a shitty deal?” Remember, CUE’s only asset is a brownfield.”

    This is a surprisingly relevant question.

  106. ThinkingOutLoud2 says:

    Good to see SN back at the keyboards. Anon at 4:27 you clearly don’t know Matthew Bass…

  107. Anonymous says:

    You clearly don’t know Cherie!

  108. Anonymous says:

    2:35 is partially right, but the bulk of the dough came from elsewhere. This blog has so much speculation. You want so bad for it all to be true.

  109. Anonymous says:

    Good to see you daily kos back at the keyboards. I don’t know Matthew Bass either, and based on his hateful and wrongheaded statements, I don’t want to know him.

  110. Anonymous says:

    You think we have to be “Arkley minions” to disagree with you? You are completely delusional.

  111. Anonymous says:

    This thread is a fine example of how divided people in this country are. Whether it’s by politics, money, religion, sexual identity, culture or whatever, the degree of vitriol many Americans feel for other Americans is staggering. My gut feeling is there will be no retreat from either (or any) side and that blood will be spilled.

  112. Grease Trap Pump says:

    We are flanked by piss and anger on one side and vinegar and hate on the other, Anon 7:56. The Center is where it’s at.

  113. anonymous says:

    It comes down to behavior and attitude as much as politics. I know many people who disagree politically and philosophically, yet still hold and display respect for one another. This does not seem to be true where the Arkleys are concerned, nor for the people who post on this blog.

  114. Anonymous says:

    Nor is it true where the Clintons are concerned, or the Bushes, Kennedy’s, Cheneys, abortion, gun control, immigration, environment and on and on and on. We are a nation that is hopelessly divided with no clear path to unity.

  115. Not A Native says:

    Anon 8:37, would you say that any people can tolerate each other’s presence because it “comes down to behavior and attitude”? Is every instance of marital “incompatibility” resolvable by a choice of behavior and attitude?

    The development of a perceived domestic “culture war” came out of disagreements that people decided couldn’t coexist with respect. It was old man Arkley, referring to folks living in his town, Arcata, who said “hippies” were comparable to “dog shit in a waffle sole shoe”. I’ve got extreme difficulty finding the respect in that statement.

  116. [Not] Brian Morrissey says:

    At this point it wouldn’t surprise me if the Arkleys bolted Eureka, closed their office, sold all their real estate and let the wackos have the run of the place. It would be interesting to see how it would play out if I still gave a shit about your dumpy little shithole town.

  117. Lives Here says:

    Glad we ran your ass outa town, Brian.

  118. anonymous says:

    Exactly NAN – that’s my point. Arkley Senior incited (invited?) anger and disrespect by making those kinds of hateful statements. From what I hear of the man, stirring things up was likely his goal. He’s probably not be the best example in this case. Maybe Ted Kennedy would be a better choice. He had his detractors but also many friends from across the fence.

  119. Anonymous says:

    “if the Arkleys bolted Eureka,”….

    Let us pray..

  120. moviedad says:

    Strange how no one ever questions what “Heraldo” (coward in my book) has against the Arkleys that he devotes his whole blog to slander and innuendo against the man and his family. I don’t know the guy, but he’s got way more guts than the oh-so-clever administrator of this blog.

  121. Divine says:

    Heraldo is a bitch, but he’s our bitch and he dishes dirt better than anyone else here in Loserville.

  122. Matthew Bass says:

    I just wondering once the real shit starts raining down if Cherie would stick around I mean she almost left once before?

  123. Pitchfork says:

    I think Moviedad should go comment somewhere esle if he thinks Heraldo is such a coward. Everybody knows what a Bully and Coward Arkley is. He made his money off the misfortune of others.

  124. the Elephant says:

    I remember reading Arkley the Elder’s quote in the NCJ regarding the Gallegos recall. He was rubbing his hands about how the real Humboldters were going to take back the county from the hippies (who were like “dog shit in a waffle sole shoe”), liberals, and environmentalists. I think he included them all in the same category.

    After that quote I always thought of him as Robin “Dogshit” Arkley. A suitable nickname indeed.

  125. Anonymous says:

    Both Arkley men have friends who are democrats, though they both have been prone to making pretty outrageous comments about that side of the political world. At least you know where each stood or stand.

  126. Anonymous says:

    I like what Moviedad said and hope Pitchfork is open minded enough to hear other peoples views.

  127. Not A Native says:

    Well OK anon 9:31, But divisive powerful people who express willingness to hurt others do exist. So what is your advice to less powerful people how to cope with them?

  128. Mr. Nice says:

    Strange how no one ever questions what “Heraldo” (coward in my book) has against the Arkleys that he devotes his whole blog to slander and innuendo against the man and his family. I don’t know the guy, but he’s got way more guts than the oh-so-clever administrator of this blog.

    The shit is entertaining as hell, that’s why. No point in questioning the obvious.

  129. Nobody But Me says:

    It’s day two of the Times-Standard coma.

    Bystanders ask, “should it be put down?” How long should it suffer in its vegetative state?

  130. NOBODY knows for sure says:

    robbie’s got his finger in their pie hole.

  131. Heraldo says:

    The T-S hates getting scooped by the blogs so much that they would rather ignore it.

  132. robustus says:

    Strange how no one ever questions what “Heraldo” (coward in my book) has against the Arkleys that he devotes his whole blog to slander and innuendo against the man and his family.

    In best blog-world fashion, I imagine we could concot any number of reasons, and present them as FACT. For example

    1) Rob spilled his drink onto Heraldo’s pants at the Avalon, and didn’t apologize.

    2) Rob ran over Heraldo’s dog

    3) Rob wouldn’t let his oldest daughter go out on a date with Heraldo

    4) Security National foreclosed on the house of Heraldo’s crippled, widowed grandmother

    You get the idea.

    Why we could all have a contest for the best reason! Winner to get Rob Arkley’s autographed picture and a presntation copy of the lawsuit!

    What a cornucopia of riches await us…

  133. robustus says:

    “concoct” not concot. Can’t type.

  134. Anonymous says:

    It sucks being dumb when you’re being clever Robustus.

    By the way, Brian Morrissey may know more than he has let on because I just heard Rob & Cherie are strongly considering pulling stakes and moving to Louisiana full time, as in bye-bye Eureka. Anyone else heard this?

  135. Heraldo says:

    Of course. Rob has been saying it for years. Sometimes he just threatens to change his voter registration to Louisiana to avoid paying California taxes. And he has a mansion in Baton Rouge.

  136. Blanche says:

    Yep, schadenfreude, DEFINITELY, the word for the day.

  137. the reasonable anonymous says:

    I found Mr. Nice’s comments much easier to read and follow (and take seriously) before he got hooked on “The Wire.” Just sayin’.

  138. Robbie says says:

    It’s really really hard trying to outdo your Daddy, one of the meanest, nastiest men ever to grace Humboldt’s political landscape……but I’m tryin’.

  139. Dude says:

    this aggression cannot stand, Man.

  140. NOAH WEBSTER says:

    Hey Blanche, there is more than one word in
    my dictionary….your over focused on schadenfreude.
    Robbie’s picture next to the word, best describes the usage.

  141. Truth Speaker says:

    3:55, are you saying rob takes pleasure in others misfortunes or that people on the blog are displaying schadenfreude by taking pleasure in rob’s troubles?

  142. humboldturtle says:

    I will not google shadenfreude. I will not google shadenfreude. I will not google shadenfreude.

  143. Ed says:

    Someone in Rob’s position doesn’t have “troubles”, at least not in the usual sense. It is however, notable how BofA’s suit appears to politically pull the rug out from under his favorite candidates.

  144. Dude says:

    that rug pulled the room together, Man.

  145. Truth Speaker says:

    why wouldn’t rob have “troubles”? and who the hell is being referred to as displaying schadenfreude?

  146. humboldturtle says:

    Troubles, oh we got troubles,
    Right here in ol’ Arkleyville!
    With a capital “T”
    That rhymes with “G”
    As in The Arkley
    Guarantee.
    We’ve surely got trouble!
    Right here in Arkley City,
    Right here!
    Gotta figger out a way
    To keep the young ones moral after school!
    Trouble, trouble, trouble, trouble, trouble…

  147. anonymous says:

    Truth Speaker, whatever was intended by the original reference to schadenfreude, it goes both ways with the parties involved.

  148. humboldturtle says:

    Schadenfreude: pleasure derived from the misfortunes of others.

    Okay, so I googled it.

    Now where’s my Home Depot?

  149. anonymous says:

    Yep, lots of pleasure here (on this blog) and now, lots of pleasure on the other side in times past – Schadenfreude! It seems few are above it?

  150. Blanche says:

    Hey Noah, check your spelling when you post. “Your” doesn’t come close to “you’re”. And you call yourself a dictionary! Accent on the first syllable.

  151. Nobody But Me says:

    EXTRA! LOCAL NEWSPAPER STILL IN COMA! DAY THREE!

    Dateline Eureka… The only daily newspaper serving this small logging town of 30,000 remains hanging on life support this morning… still unable to recognize a story or respond to visitors.

    Fifty million smackeroos… that’s what Bank of America is suing local boy-done-good Rob Arkley for… The Eureka Times-Standard has still not noticed. Doctors have tried smelling salts, but the mighty press juggernaut remains prone. Relatives say the press giant can still respond to press releases, but doctors say that such responses often fool laypersons, making papers in a vegetative state appear to have consciousness.

    A followup in tomorrow’s newsreel. And now our movie.

  152. Nobody But Me says:

    EXTRA EXTRA!

    Jessicurl founder to appear on Canadian television!

  153. anonymous Says: says:

    I think someone should look into how much Brian Morrissey and his family actually stole from Rob and Cherie? He managed to line his pockets with money and ran off back to Omaha.

    There is no justice.

  154. Heraldo says:

    Trouble in paradise?

  155. Kramer says:

    Giddy UP!

  156. Reinventing The Wheel says:

    There’s no real evidence that Mr. Arkley is actually suffering, thus, there’s no Schadenfreude.

    Everything else is a cry for justice for those who profit from manufacturing poverty; liquidating the assets of individuals and businesses, forcing even more low-wage big boxes down a community’s throat, and building the sprawl few local residents can afford…but subsidize nonetheless.

  157. humboldturtle says:

    …and supporting dolts for public office!

  158. Polonius says:

    Rob knows and believes, as Rush always says, that the Free Market always works for the best.

    With that, Rob can take sweet, true solace no matter what the market is currently “teaching” him. He will be “all right.”

  159. Blanche says:

    Yo, Reinventing da wheel. Your time would be better spent reinventing the next best rice cooker. Stop your pontificatin’ ma boy.

  160. anonymous says:

    Brian Morrissey? He may have taken advantage – no doubt. But, it’s such a drop in the bucket, it’s not even worth mentioning in respect to this massive debacle.

  161. Shecky says:

    Joke of the Day

    Give me a 3 letter word for something slimy, combustible, crude and offensive to enviros everywhere, particularly in Louisiana & Alaska?

    No, not Rob, it’s oil!

  162. CheeseDick says:

    Pot.

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