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POPSFannie/Freddie Trouble Seen 9 Yrs Ago
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
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POPSEverything Dolphin The Endangered Species Act requires the US federal government to identify species threatened with extinction, identify habitat they need to survive, and help protect both. In doing so, the Act works to ensure the basic health of our natural ecosystems and protect the legacy of conservation we leave to our children and grandchildren.
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POPSF-18 Pilot Returns Home To Canine Friend From Iraqi War Zone Dennis met Nubs in the Al Anbar Province where the dog ran wild at an Iraqi Border Fort. When Nubs was a puppy, an Iraqi sliced off most of his ears in an attempt to make the dog tough and more alert. Another time, Nubs was stabbed with a screwdriver, and Dennis nursed him back to health. When Dennis' unit, the Border Transition Team, moved camp 70 miles away, Nubs somehow tracked them to their new location two days later. It was against the rules to keep the dog in camp, and friends jumped in to bring Nubs to San Diego. “Once he found us there, it seemed like this was supposed to have happened,” Dennis said Saturday. “After he walked all that distance, it seemed like he was supposed to end up in San Diego.” Dennis said his first outing with Nubs will be a jog on the beach. “It will consummate the whole journey, going from the sand of Iraq to the sand of San Diego.”
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POPSB-2 Stealths Bomb Hawaii The articles says in practice they do not use the GPS precision guided bombs, but rely on "gravity" and "wind" for trajectory. Why practice with a technique you would never use? I dont believe this, no way a Stealth flying at over 450 mph (min. to stay air born in this flying wing) drops a bomb without using GPS plus, or they miss. This is probably a story to answer the questions of Islanders of have seen the aircraft and questioned the practice. The B2 was designed for high altitude stealth bombing at range that human bomb release could not accurately hit. (Just ask any pilot from WW2).
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POPSMore Evidence That Bush Lied About WMD This new revelation adds more evidence to the belief that Bush and his cohorts lied to congress and the American people about the need to go to war in Iraq. This is a must-read article from Salon, and I urge you all to take the time to consider its contents. By the way, does anyone know what has happened to the so-called part 2 of the intelligence report that deals with how the White House used the intelligence leading up to the Iraq invasion? I know the Republicans under the leadership of Pat Roberts put it on the back burner and then turned off the pilot light. But the Dems promised that this report was A #1 on their list of things to complete and release, and since then, not a word has been said. Or, am I missing something?
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POPSThe problem goes deeper than you might think The "American Dream" is a nightmare that is caused by our very economy, culture and consumerist greed....we have been duped and brainwashed into thinking that war is ibevitable and can't even talk about peace without bullshit stigmas....look deep.
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POPSThe real Heroes, past and present This pilot was one of my heroes 34 yrs. ago. I hope there are more servicemen and women who have learned from their experiences as Michael Heck did and will resign (see Lt. Ehren Watada) from the current war.
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POPSYale to post courses on Web for free All information should be free like this. To surpress people by not affording those such knowledge is sinply repressing people so elite and wealthy can hold power over them. Granted - this knowledge won't give people the paper - but it seems there are people with the paper but without the knowledge, so which is bett?
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