Biden just exposed Palin for what she is.

[quikveedb2]

I was thinking about get a Knoife. I already have swords, but they're mounted. I also preffer bats and my lacrosse stick instead.

casey jones?

hahahahahahahahaha.

[BobombETA]

wow she looked like such a newb last night.

[devonjordan]

wow she looked like such a newb last night.

She is a newb...

[Chuck Baader]

APTYP...so sorry my post is not up to your standards...yea RIGHT!!!

Sorry but I had forgotten about the articles in the 1999 papers...with all the finger pointing it makes good reading. Chuck

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.
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Fannie Mae Eases Credit To Aid Mortgage Lending





By STEVEN A. HOLMES
Published: September 30, 1999

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.

[drift]

Welcome to America...

http://www.youtube.com/watch?v=N7fv9kTwOuw

[MotherFucker]

who cares if she's an idiot, she can see Russia from her house and hell, I'd do her with my own wanger

[Vedubin01]

who cares if she's an idiot, she can see Russia from her house and hell, I'd do her with my own wanger

Welcome back!

[Pinepig]

Welcome back!

No shit that didn't take long.

[E30 Cabrio]

Here's your smart, educated Obama blaming non-existent crowd noise and a lack of sleep for his stuttering and stupidity.

Some leadership. Blame the crowd, which is quiet, and a lack of sleep for your own stupidity:

http://www.youtube.com/watch?v=eDJSVPAx8xc

Leaders don't blame others for their mistakes or gaffes, they take responsibility.

Obama may be "school smart" (although he won't release his grades) but Palin is "real world" smart and has a proven record of accomplishments, while Obama has a record of associating with criminals, felons, racists, terrorists, etc...

There's a big difference between being classroom smart and smart in the real world.

Obama is like the IT guy who takes a weekend "Boot Camp" to get his MSCE cert, but can't do shit in the actual work environment.

BTW, just what did all that money that Obama got from Fannie Mae and Freddie Mac buy:

http://www.youtube.com/watch?v=2ewJdT_iHxU

[Maluco]

Here's your smart, educated Obama blaming non-existent crowd noise and a lack of sleep for his stuttering and stupidity.

Some leadership. Blame the crowd, which is quiet, and a lack of sleep for your own stupidity:

http://www.youtube.com/watch?v=eDJSVPAx8xc

Leaders don't blame others for their mistakes or gaffes, they take responsibility.

Obama may be "school smart" (although he won't release his grades) but Palin is "real world" smart and has a proven record of accomplishments, while Obama has a record of associating with criminals, felons, racists, terrorists, etc...

There's a big difference between being classroom smart and smart in the real world.

Obama is like the IT guy who takes a weekend "Boot Camp" to get his MSCE cert, but can't do shit in the actual work environment.

BTW, just what did all that money that Obama got from Fannie Mae and Freddie Mac buy:

http://www.youtube.com/watch?v=2ewJdT_iHxU

[E30 Cabrio]

Buy knives and swords. Bullets will run out.

Not likely, but there could be shortages if the defecation hits the oscillation.

It's one of the many reasons why I shoot a 9mm. It's the most popular caliber in the world and ammo is plentiful and inexpensive.

The .45 guys always like to talk about "stopping power" and how ineffective a 9mm is compared to a .45

BS - Double tap to center mass and it's over.

Even a well-placed single shot from a .22 will ruin someones day.

A .45 is expensive to shoot due to the cost of ammunition, and if you don't practice, that big gun is useless.

A 9mm is inexpensive to shoot and people tend to spend more time at the shooting range and go more often when it isn't so costly and thus become more proficient with the firearm.

.45's are expensive, the ammunition is expensive and it takes more practice to become proficient with it which is as mentioned, expensive.

I use Wolf and S&B at the range, but keep my Beretta 92FS loaded with either Cor-Bon +P ammo, or Hydrashoks.

The Wolf and the S&B ammo costs about 5 cents a round when buying 500 rounds or more in 9mm

.45 ACP Wolf and/or S&B ammo costs about 5x as much.

And I've put thousands of rounds of that cheap Wolf and S&B ammo thru my 92FS without a single issue. Not one. Ever.

And I have 15 rounds ready to go, and 1 in the pipe.

Compare that capacity to a .45

Like I said, when it hits the fan, mags tend to empty quickly.

Those first couple of shots, especially in the dark will cause temporary night blindness and that loud .45 will temporarily deafen the shooter if they are without hearing protection.

Two or three rounds expended, blind and deaf and only a few rounds left in the mag is not a good situation to be in.

I always laugh at the mob movies when a car full of mobsters shoot one of their own for whatever reason in the car, windows up, confined space, then afterwards carry on a normal conversation.

In that environment, their ears would be ringing and all they would be saying is "What?" and "Huh?" for a quite a while.

But 9mm ammo will always be plentiful as it is the most popular round in the world.

And I have a about 2500 rounds on of the Wolf and/or S&B on hand, 100 rounds of Hydrashoks and another 100 rounds of Cor-Bons on hand, so I don't think I'll run out anytime soon.

[Vedubin01]

I go though 2500 rounds in one shooting at times. My moto is buy cheap and stack deep!

[Maluco]

^ "20 years and never discharged although it's 2nd nature..."

You wanna-other cookie but I eated it though? that movie was nutz...

[Vedubin01]

got me on that one..... star ship troopers?

[E30 Cabrio]

I go though 2500 rounds in one shooting at times. My moto is buy cheap and stack deep!

Damn. That's a lot. I can just see you arriving at the range lugging several surplus ammo cans.

What do you shoot? Or maybe a better question is, what don't you shoot?