A NY Times article in 1999 talking about how pressure from the Clinton administration pushed Fannie Mae into easing their requirements for mortgages, and the problems it might lead to.
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.
I bet Mr Holmes (the author) has a printout of that article on the door to his office, under his new name plate, “Steven Nostra-fuckin-damus Holmes”.
nice post!
again proves for all the Clinton leg humpers that what he did in office is still affecting us in a bad way, and that he was one of the worst presidents in modern day
hahahahahahahahahahahhahahagaghagshhagahahagha your kidding right… im pretty sure your the idiot, obviously people didnt agree with what he did at all, he didnt even serve a whole term…
i bet your one of the assholes that wants government mandated healthcare too :roflpicard:
I’m not going to dignify with your “People didn’t agree with Kennedy since he got shot” with a response.
So do you think Bush was better than Clinton?
God I hate surpluses, focusing tax breaks on the people who need them the most, a booming economy, government support of stem cell research, peace, seperation of church and state, a strong dollar, better funded health care and education, and a plan to save social security with said surplus.
What we have now is way better :tup:
You sound like too much of an idiot to be rich, so you either have family money or you enjoy a higher tax burden.
a booming economy
-Nothing like that tech boom, that GW got stuck dealing with when it popped just before he came into office. And of course the subprime mortgages that Clinton forced down Fannie Mae’s throat, that also helped his “boom” with no regard for the future.
peace
-Yeah, peace while we watched terrorists train in Afghanistan from a satellite, figuring they’d never come to the US mainland. Lob a couple cruise missiles over there and it will be fine.
a strong dollar
-Amazing what having to deal with a recession and the attacks on 9/11 will do to your dollar, both of which were set in motion well before Bush came to office.
a surplus
-The government isn’t a corporation. A surplus just means they taxed us too much. Not that a deficit is any better, but a surplus just tells me he was taxing us too much.
Bottom line, when Clinton came into office the economy was already starting to boom. When Bush came into office the economy was already starting to crash, and then to top the crash off the calendar rolled over to 9/11/01.
So a surplus means the government is taxing us too much.
McCain wants to cut taxes for everyone, especially the people and businesses that pay the lion’s share, decreasing the government’s revenue
By doing this, he is going to balance the budget, which right now, is short 10.3 trillion, in 4 years.
[there must be some magical step i’m missing here]
???
Sometimes surpluses come from not spending your money on stupid shit. Like wars. And tax cuts for the rich.
