Note the date

October 03, 2008 Category: Global

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By: johnnyb

From Coach

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.
”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 (and current Obama advisor). ”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.”

Hillary, once again in Bills penumbra

August 27, 2008 Category: Global

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By: johnnyb

Bill’s speech was head and shoulders better than Hillary Clintons last night.  Hillary gave a laundry list of boring complaints, with only obligatory nods to Barack Obama.

Bill was much more thematic and tight, and less about the HillBilly legacy than Hillary’s speech.

The best line of the speech was that, “Around the world, people are more impressed by the power of our example, rather than the example of our power.”  Like David Brooks, I think Vladimir Putin doesn’t keep himself up at night thinking about the American example.

Bill Clinton gave the best speech thus far of this lackluster convention.

John Kerry is speaking now.  All of the speeches seem rushed, everyone is tripping over their lines.

How quickly we forget.

January 25, 2008 Category: Global

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By: wdporter

Real Clear Politics reminds us that there was another Democratic Contender back in 1991 who was even MORE lovey dovey towards Ronald Reagan:

Ronald Reagan, Clinton said, deserved credit for winning the Cold War. He praised Reagan’s “rhetoric in defense of freedom” and his role in “advancing the idea that communism could be rolled back.”

“The idea that we were going to stand firm and reaffirm our containment strategy, and the fact that we forced them to spend even more when they were already producing a Cadillac defense system and a dinosaur economy, I think it hastened their undoing,” Clinton declared.

Clinton was careful to add that the Reagan military program included “a lot of wasted money and unnecessary expenditure,” but the signal had been sent: Clinton was willing to move beyond “the brain-dead politics in both parties,” as he so often put it.

This was OK, then, for him to say, but not OK now for someone running against his wife. I’m with the author on this one: For Mrs. Clinton to lambaste Obama on his Reagan comments is just depressing.

Bill Clinton sleeping…again

January 22, 2008 Category: Global

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By: johnnyb

The nation’s first black president sleeps through MLK celebration

Bill Clinton Sleeping

June 14, 2007 Category: Uncategorized

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By: johnnyb


When the cameras aren’t on Bill recharges the battery.

Bill Clinton pictures

June 14, 2007 Category: Uncategorized

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By: johnnyb



Bill Clinton’s commencement speech

June 13, 2007 Category: Uncategorized

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By: johnnyb

Ohio State tried to get Jon Stewart, then Barack Obama, to give a commencement speech this year. Like Reagan Gahagan told me, if you’re trying hard enough to get a message out, eventually you’ll find someone to be your spokesman.

Archie Griffin, two time Heisman trophy winning halfback and head of Ohio State University alumni association, gave a speech as well.

I didn’t get to video some of his groaners. He stated that if we just invested in more alternative fuels Ohio could get more manufacturing jobs. How’d he get that rabbit out of the hat? On the whole, not a bad performance, however. Anyway, sorry for the refresh rate mix-up. It was the best I could do.