[quote]Mufasa wrote:
The law won’t allow it…so the World, (and your daughters!), are safe from Bill Clinton, guys!
Mufasa
[/quote]
Yeah, that’s what he’d like you to think.
[quote]thunderbolt23 wrote:
Iron Dwarf wrote:
He also started The Smoking Tent (cigars) where he has problem-solving discussions with members on BOTH sides of the isle.
All the more amazing when you consider that California is attached to the mainland.[/quote]
Heh. I thought it was clever.
[quote]Mufasa wrote:
Another that the Law will not allow:
Bill Clinton
(Flame if you must; but a lot of people on the left and right feel that he would be good for the Country about now).
Mufasa[/quote]
The last person we need right now is the person who started this whole affordable housing problem.
I will say he comes off very well, and he seems to be pissing all over Obama with his compliments for McCain.
[quote]Sloth wrote:
thunderbolt23 wrote:
Iron Dwarf wrote:
He also started The Smoking Tent (cigars) where he has problem-solving discussions with members on BOTH sides of the isle.
All the more amazing when you consider that California is attached to the mainland.
Heh. I thought it was clever.[/quote]
…Sloth… why do you have a One Piece avatar?
[quote]theOUTLAW wrote:
Mufasa wrote:
Another that the Law will not allow:
Bill Clinton
(Flame if you must; but a lot of people on the left and right feel that he would be good for the Country about now).
Mufasa
The last person we need right now is the person who started this whole affordable housing problem.
I will say he comes off very well, and he seems to be pissing all over Obama with his compliments for McCain.[/quote]
I was trying to think of a clever way of saying this earlier.
[quote]Beowolf wrote:
Sloth wrote:
thunderbolt23 wrote:
Iron Dwarf wrote:
He also started The Smoking Tent (cigars) where he has problem-solving discussions with members on BOTH sides of the isle.
All the more amazing when you consider that California is attached to the mainland.
Heh. I thought it was clever.
…Sloth… why do you have a One Piece avatar?[/quote]
Because I’m a bit of a nerd. Even at 32 year of age.
[quote]Sloth wrote:
Beowolf wrote:
Sloth wrote:
thunderbolt23 wrote:
Iron Dwarf wrote:
He also started The Smoking Tent (cigars) where he has problem-solving discussions with members on BOTH sides of the isle.
All the more amazing when you consider that California is attached to the mainland.
Heh. I thought it was clever.
…Sloth… why do you have a One Piece avatar?
Because I’m a bit of a nerd. Even at 32 year of age.[/quote]
What’s nerdier is that Beowolf recognized the avatar.
lol
[quote]dhickey wrote:
FightinIrish26 wrote:
Iron Dwarf wrote:
Schwarzenegger.
He says he does what the majority expects, because, as an elected official, he’s a PUBLIC SERVANT. He also started The Smoking Tent (cigars) where he has problem-solving discussions with members on BOTH sides of the isle. He even told Dubya to his face “George, you need a Smoking Tent.”
I can’t say I don’t like him.
He really tries, and seems to be a slave to neither party. Very admirable.
Yeah, and California isn’t a complete fucking quagmire right now. Good job Arnie.[/quote]
I’ve read some about his situation… the parties won’t even come close to working with each, and he’s stuck in the middle.
I like him because he won’t fall in with the rank and file of either party.
What do you guys think of Paul Ryan?
http://www.house.gov/ryan/roadmap/roadmap.htm
I think he’d be a great VP… too young for President, but I’d love to see him as something more than a Congressmen.
[quote]Beowolf wrote:
What do you guys think of Paul Ryan?
http://www.house.gov/ryan/roadmap/roadmap.htm
I think he’d be a great VP… too young for President, but I’d love to see him as something more than a Congressmen.[/quote]
Maybe next time. But, probably not. Unless, he does run.
[quote]Iron Dwarf wrote:
Sloth wrote:
Beowolf wrote:
Sloth wrote:
thunderbolt23 wrote:
Iron Dwarf wrote:
He also started The Smoking Tent (cigars) where he has problem-solving discussions with members on BOTH sides of the isle.
All the more amazing when you consider that California is attached to the mainland.
Heh. I thought it was clever.
…Sloth… why do you have a One Piece avatar?
Because I’m a bit of a nerd. Even at 32 year of age.
What’s nerdier is that Beowolf recognized the avatar.
lol
[/quote]
<_<
One Piece is alright. Never got into it. The English dub is fucking horrendous though…
Ahem.
[quote]Sloth wrote:
thunderbolt23 wrote:
Iron Dwarf wrote:
He also started The Smoking Tent (cigars) where he has problem-solving discussions with members on BOTH sides of the isle.
All the more amazing when you consider that California is attached to the mainland.
Heh. I thought it was clever.[/quote]
But one good major earthquake and we can live Lex Luthor’s plan and rid ourself of California.
Find the most qualified person that doesn’t want the job. Talk him into it. Then spend the rest of your life apologizing for making him do it! Power has a huge price tag!
[quote]Sloth wrote:
Beowolf wrote:
What do you guys think of Paul Ryan?
http://www.house.gov/ryan/roadmap/roadmap.htm
I think he’d be a great VP… too young for President, but I’d love to see him as something more than a Congressmen.
Maybe next time. But, probably not. Unless, he does run.[/quote]
What? (O_o)/
Maximus Decimus Meridius, Commander of the Armies of the North
mccain my hero
Ted Nugent for prez with Ventura as the vp.
Or maybe arnold and the nugent
[quote]Mufasa wrote:
LOL!
Seriously, Tirib;
There is the thought that he is probably the most experienced and capable person out there, (is there any argument there?); and that over the years since being out of office, has actually grown as a statesmen and an expert on Foreign Affairs. (Definitely needed now).
Most likely he would crush Newt in a head-to-head; as well as a “McCain/Leiberman” (and most likely even a “McCain/Palin”).
Look; its a theoretical question; but a damn interesting one to ponder!
Mufasa[/quote]
Fannie Mae Eases Credit To Aid Mortgage Lending
By STEVEN A. HOLMES
Published: September 30, 1999
In a move that could help increase home ownership rates among minorities and low-income consumers, the Fannie Mae Corporation is easing the credit requirements on loans that it will purchase from banks and other lenders.
The action, which will begin as a pilot program involving 24 banks in 15 markets – including the New York metropolitan region – will encourage those banks to extend home mortgages to individuals whose credit is generally not good enough to qualify for conventional loans. Fannie Mae officials say they hope to make it a nationwide program by next spring.
Fannie Mae, the nation’s biggest underwriter of home mortgages, has been under increasing pressure from the Clinton Administration to expand mortgage loans among low and moderate income people and felt pressure from stock holders to maintain its phenomenal growth in profits.
In addition, banks, thrift institutions and mortgage companies have been pressing Fannie Mae to help them make more loans to so-called subprime borrowers. These borrowers whose incomes, credit ratings and savings are not good enough to qualify for conventional loans, can only get loans from finance companies that charge much higher interest rates – anywhere from three to four percentage points higher than conventional loans.
‘‘Fannie Mae has expanded home ownership for millions of families in the 1990’s by reducing down payment requirements,’’ said Franklin D. Raines, Fannie Mae’s chairman and chief executive officer. ‘‘Yet there remain too many borrowers whose credit is just a notch below what our underwriting has required who have been relegated to paying significantly higher mortgage rates in the so-called subprime market.’’
Demographic information on these borrowers is sketchy. But at least one study indicates that 18 percent of the loans in the subprime market went to black borrowers, compared to 5 per cent of loans in the conventional loan market.
In moving, even tentatively, into this new area of lending, Fannie Mae is taking on significantly more risk, which may not pose any difficulties during flush economic times. But the government-subsidized corporation may run into trouble in an economic downturn, prompting a government rescue similar to that of the savings and loan industry in the 1980’s.
‘‘From the perspective of many people, including me, this is another thrift industry growing up around us,’’ said Peter Wallison a resident fellow at the American Enterprise Institute. ‘‘If they fail, the government will have to step up and bail them out the way it stepped up and bailed out the thrift industry.’’
Under Fannie Mae’s pilot program, consumers who qualify can secure a mortgage with an interest rate one percentage point above that of a conventional, 30-year fixed rate mortgage of less than $240,000 – a rate that currently averages about 7.76 per cent. If the borrower makes his or her monthly payments on time for two years, the one percentage point premium is dropped.
Fannie Mae, the nation’s biggest underwriter of home mortgages, does not lend money directly to consumers. Instead, it purchases loans that banks make on what is called the secondary market. By expanding the type of loans that it will buy, Fannie Mae is hoping to spur banks to make more loans to people with less-than-stellar credit ratings.
Fannie Mae officials stress that the new mortgages will be extended to all potential borrowers who can qualify for a mortgage. But they add that the move is intended in part to increase the number of minority and low income home owners who tend to have worse credit ratings than non-Hispanic whites.
Home ownership has, in fact, exploded among minorities during the economic boom of the 1990’s. The number of mortgages extended to Hispanic applicants jumped by 87.2 per cent from 1993 to 1998, according to Harvard University’s Joint Center for Housing Studies. During that same period the number of African Americans who got mortgages to buy a home increased by 71.9 per cent and the number of Asian Americans by 46.3 per cent.
In contrast, the number of non-Hispanic whites who received loans for homes increased by 31.2 per cent.
Despite these gains, home ownership rates for minorities continue to lag behind non-Hispanic whites, in part because blacks and Hispanics in particular tend to have on average worse credit ratings.
In July, the Department of Housing and Urban Development proposed that by the year 2001, 50 percent of Fannie Mae’s and Freddie Mac’s portfolio be made up of loans to low and moderate-income borrowers. Last year, 44 percent of the loans Fannie Mae purchased were from these groups.
The change in policy also comes at the same time that HUD is investigating allegations of racial discrimination in the automated underwriting systems used by Fannie Mae and Freddie Mac to determine the credit-worthiness of credit applicants.