SPECIAL: October 2002: Bush throws lending standards out the door

Dave

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Sep 26, 2008, 8:46:54 AM9/26/08

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paving way for current crisis. Enjoy.

http://www.youtube.com/watch?v=eW9viaJatpo

(Spin this Roy)

Bert Hyman

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Sep 26, 2008, 2:07:26 PM9/26/08

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da...@dave.dave (Dave) wrote in
news:4R4Dk.81282$QF5....@newsfe08.iad:

> paving way for current crisis. Enjoy.
>
> http://www.youtube.com/watch?v=eW9viaJatpo

http://query.nytimes.com/gst/fullpage.html?res=9C0DE7DB153EF933A0575AC0A96F958260

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.
...
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 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.

--
Bert Hyman | St. Paul, MN | be...@iphouse.com

Dave

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Sep 27, 2008, 9:29:41 AM9/27/08

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Bert Hyman wrote:

> Published: September 30, 1999
>
>...which may not pose any

> difficulties during flush economic times.

I guess if Clinton did it, it must be OK?

jaywa...@yahoo.com

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Sep 27, 2008, 11:04:09 AM9/27/08

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obamao.sux....@gmail.com

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Sep 27, 2008, 12:48:51 PM9/27/08

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http://www.youtube.com/watch?v=_MGT_cSi7Rs

(Spin this Billy Bob)

Dave

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Sep 27, 2008, 2:26:04 PM9/27/08

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I saw no Obama.

dxAce

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Sep 27, 2008, 2:45:57 PM9/27/08

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Dave wrote:

Hopefully, after 4 November, no one else will either.

Dave

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Sep 28, 2008, 9:10:46 AM9/28/08

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So why didn't the party in charge of all 3 branches of government act in
2003?

RHF

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Sep 28, 2008, 5:22:13 PM9/28/08

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On Sep 28, 6:10 am, Dave <d...@dave.dave> wrote:

Dave - It's 2008 so step away from the Dark-Side
and Help to "Change The World"
http://www.youtube.com/watch?v=FRR76n9os9s

Dave -ask- Our Lord Barack and Savior Obama to
create a "Phenomenon" in your Consciousness
http://www.youtube.com/watch?v=FfyTSjsBSXQ
For BHO Has The Answers To All Things . . .

For those Who Believe in 'The Anointed One'
BHO there is "No One Like You"
http://www.youtube.com/watch?v=I91Ye193Eso

In-Fact Barack "H" Obama is Christian Politician Crusader
Who is Out to "Change The World"
http://www.youtube.com/watch?v=fHPWoDsyE6M
=H= holy, Holy. HOLY !

blessed is he & praise be his name ~ RHF
.