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Democrats on an escalator ...

Mc Bulldog — Thu, 18 Sep 2008 10:08:20 GMT

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http://www.youtube.com/watch?v=77vOAuoJf0E

For all you Clinton & Obama supporters wondering how we got here ....

Mc Bulldog — Mon, 29 Sep 2008 08:41:22 GMT

Good read, from 1999:

September 30, 1999

Fannie Mae Eases Credit To Aid Mortgage Lending

By STEVEN A. HOLMES

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.

Hawkeyes Caught Lying

Mecha_Bulldog — Thu, 25 Sep 2008 18:39:55 GMT

College professors slam Iowa's basketball ad

[quote]The first e-mail was sent by a journalism professor at the University of Illinois. Then came an e-mail from a journalism professor at the University of Nevada.

Both professors had seen the Sept. 16 column in The Gazette about the University of Iowa's advertising campaign to sell men's basketball tickets. Their reaction to Iowa's ad campaign can be summed up in two words: stunned disbelief.

Iowa's first full-page ad showed Hawkeye forward Jarryd Cole dunking the ball, claiming Cole's dunk brought the Ohio State Buckeyes to their knees and brought a sellout crowd to its feet. The problem is that Cole did not play against OSU last year.

Iowa's second full-page ad featured a picture of Hawkeye guard Jeff Peterson, claiming his steal against Illinois sparked a 14-0 run. There's a problem with that one, too. Peterson played against Illinois but was not credited with a steal, and Iowa never had a 14-0 run.[/quote]

Funny stuff.

Eejit Biden,

cgdcreek — Wed, 24 Sep 2008 22:25:54 GMT

if you didn't hear, said FDR got on the TV after the 1929 stock market crash, and reassured people.

Too bad, there was no TV then, and Herbert Hoover was president then.

I'd love to hear what Francis Wilhoit would have to say about all this stuff in 2008, especially the nationalizaton of big parts of the banking and insurance industries. Weird stuff.

Palin action figure

cgdcreek — Wed, 24 Sep 2008 22:11:36 GMT

some of you might get a kick out of this.
Hurry, before the luster falls off too much.

Palin

I don't recommed the John Edwards figure.

If your still thinking ...

Mc Bulldog — Mon, 07 Jul 2008 09:04:46 GMT

If your still thinking about voting for Obama; I have a question for you ....

Is your head up your arsh?

Almost 60 years ago ...

Mc Bulldog — Tue, 27 May 2008 21:41:36 GMT

Almost 60 years ago....... THIS IS TRULY FREAKY................BUT MAKES SENSE NOW

Many of you will recall that on July 8, 1947, almost exactly 60 years ago, witnesses claim that an unidentified flying object (UFO) with five aliens aboard crashed onto a sheep and cattle ranch just outside Roswell, New Mexico . This is a well-known incident that many say has long been covered up by the U.S. Air Force and other federal agencies and organizations.

However, what you may NOT know is that in the month of March 1948, nine months after that historic day, the following people were born:

Albert A. Gore, Jr.

Hillary Rodham

John F. Kerry

William J. Clinton

Howard Dean

Nancy Pelosi

Dianne Feinstein

Charles E. Schumer

Barbara Boxer

See what happens when aliens breed with sheep? Certainly hope this piece of information clears up a lot of things for you. It did for me!

MVC No Longer Good Enough For Drake

LurkingDog — Thu, 24 Apr 2008 14:16:01 GMT

Drake needs to get away from the directional/state universities and start a new conference with stronger academic standards and better men's basketball.

This is a conference that would make waiting for automatic NCAA bids worthwhile:

Drake
Creighton
Butler
Bradley
Evansville
Valparaiso
Dayton
Xavier
St. Louis

Keep Rice and Tulane in mind if they decide multi-million dollar football deficits are overwhelming, forcing them to drop football and withdraw from Conference USA. Although they're currently suffering hard times in basketball, they could make this a great baseball conference. And an excuse to roadtrip.

With either 9 or 11 members, there would be an equal number of conference games played home and away.

TV potential would improve, and there would be potential for football sponsorship (maybe with some associate members in that sport).

Hey Mecha .. here is your calling!

Mc Bulldog — Sat, 22 Dec 2007 09:40:32 GMT

I got this out of my spam filter. I think Mecha could make some coin!

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Recruiting Violation

Dawg_tired — Wed, 15 Aug 2007 10:19:07 GMT

Apparently the NCAA is investigating a member of this board for soliciting fat girls from Omaha and trailer trash from Wichita to convince a certain four star recruit that neither of those places are safe or desirable. An official said that the booster walked downtown Omaha for quite some time looking for any sign of intelligent life. When he rounded a corner he saw a rounded young lady in a Creighton t-shirt stretched to its limits. After a few pleasantries and a $2.50 big mac coupon a deal was struck. Said young lady would entertain a prominent recruit in an adult sort of way while visiting gOmerha. Not satisfied, the booster flew to Wichita where he bribed a very thin and wrinkled meth addict to do the same when the four star recruit visited Shuckerville. When asked what he did for the recruit when he visited Des Moines, he said he let the light shine through. Des Moines and Drake coeds can speak for themselves. The recruit is leaning heavily toward Drake.

LOYALTY IN MARRIAGE

Mc Bulldog — Mon, 25 Jun 2007 17:02:56 GMT

A woman's husband had been slipping in and out of a coma for several months, yet she had stayed by his bedside every single day.

One day, he motioned for her to come nearer. As she sat by him, he whispered, eyes full of tears, "You know what? You have been with me all through the bad times.

When I got fired, you were there to support me. When my business failed, you were there. When I got shot, you were by my side. When we lost the house, you stayed right here. When my health started failing, you were still by my side... ......You know what?"

"What dear?" she gently asked, smiling as her heart began to fill with warmth.

"I think you're bad luck, get the freak away from me."

Important Poll - Pls dont delete

backthebulldogs — Wed, 25 Apr 2007 19:24:58 GMT

DawgTired is old.

I'm still laughing

Dawg_tired — Thu, 29 Jun 2006 15:50:54 GMT

'Trailer Girl' author to give reading, work with WSU students

Wednesday, February 06, 2002 4:41:11 PM | Category: None

What: Reading by New York writer Terese Svoboda, WSU writer-in-residence
When: 7 p.m. Friday, Feb. 22
Where: 209 Hubbard Hall, WSU campus
Phone: (316) 978-3130 (English department)
Cost: Free

Terese Svoboda, author of eight books of poetry, translation and fiction who is based in New York City, will spend a month as writer-in-residence in Wichita State’s English department.

Svoboda will work with students in WSU’s creative writing program for a month, starting Feb. 11. While at WSU, she’ll give a free, public reading of her book, “Trailer Girl and Other Stories,” at 7 p.m. Friday, Feb. 22, in 209 Hubbard Hall.

“Trailer Girl,” which is Svoboda’s seventh book, has been called “piercing, unprettified prose.” Written in nontraditional prose, the book is a collection of 15 short stories and one novella that was called “disturbing, edgy and provocative” by Book magazine. The novella consists of 31 short chapters, some no more than one or two paragraphs long, that tell the story of a nameless woman living in a trailer park who meets a wild girl living in a nearby gully.

Svoboda’s eighth book, “Treason,” will be published this year. She’s won numerous awards and fellowships and is an 11-time nominee for the Pushcart Prize, which recognizes the best work published in literary magazines over the course of a year.

Born and raised in Nebraska, she earned degrees from the University of British Columbia and Columbia University. After traveling around the world working in visual anthropology, she worked as a producer on a five-part film series at Columbia’s Translation Center and then a 13-part PBS series on American poetry.
* * * * *

Wichita State Fans on Cops

Dawg_tired — Fri, 23 Jun 2006 15:45:13 GMT

Anybody see Cops last night. They were in Wichita on a street called south Waco. I was sure I recognized some posters on Valley talk.

Boobie Kinght .. what a shmuck ..

Drakewins — Thu, 16 Mar 2006 11:35:40 GMT

I just wonderred what everyone else thinks about this idiot? He makes me want to puke!

Test Post

Artist_Formerly_Known_As_LD — Tue, 14 Mar 2006 21:49:42 GMT

Smack--an enthusiastic kiss.