Classic Bill O'Reilly - Loses it on Barney Frank

If he's so rich why isn't he smart?

He is smart - when he's on my side of an issue. Bill was right on the money on this one.

Frank, and his cohorts, should be prosecuted for High Crimes and Misdemeanors, IMO.
 
If he's so rich why isn't he smart?



He's very smart, and unlike other talk show hosts he puts his money where his mouth is. He was instrumental in championing and getting Jessica's law passed. And he was the forerunner in getting the OJ book shutdown. Shoebox. and, wait, Wallstreet and Washington have heard the last of Bill O'Reilly on this mess either
 
O'Reilly doesnt actually believe anything that he says... just knows that it gets ratings amongst the hillbilly classes.

"Hillbillies" as in rural southern Appalachians, vote overwhelmingly .... DEMOCRAT...

O'Rielly's ratings demographic are educated upper middle class.
 
Well then you prove my point completely.

Only in a country of deeply uneducated cowards...who suck up the fear and hate that O'Reilly and other retards serve them...

Only in america

In any first world nation...O'Reilly would be ignored as a cowardly jesus freak.

O'Reilly is a Roman Catholic. Another overwhelmingly DEMOCRATIC demographic....
 
Somebody should euthanize this flaming faggot Barney Frank AND his former Fannie Mae butt pirate Herb Moses.
 
Somebody should euthanize this flaming faggot Barney Frank AND his former Fannie Mae butt pirate Herb Moses.
I just heard about that little association last night. Can you imagine if a Republican on the Finance Committee overseeing Fannie Mae was caught having a sexual relationship with a decision maker at same? :eusa_whistle:
 
Can you imagine if a Republican on the Finance Committee overseeing Fannie Mae was caught having a sexual relationship with a decision maker at same? :eusa_whistle:


As Job Biden might say... "Let me say that again"


Frank, and his cohorts, should be prosecuted for High Crimes and Misdemeanors, IMO.
 
O'Reilly tickled the crap outta me last night. He said that Joe Biden's forehead did not move during the enitre debate. ROFLMAO. I had not noticed that. But then I looked and yep, no movement. LOL.:lol::badgrin::eek:
 
Fannie Mae Eases Credit To Aid Mortgage Lending - New York Times
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 movin ,even tentativeI into this new area of lendin Fannie Mae is takin on si nificantl more risk, which may
not pose any difficulties durin flush economic times. But the overnment-subsidized co oration may run into trou e
In an economic downturn, prompting a government rescue similar to that of the savings and loan industry in t e 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. "Ifthey 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.
Copyright 2008 The New York Times Company I Home I Privacy Policy I Search I Corrections I Help I Contact Us I WQr!<Jor
http://query.nytimes.com!gstifullpage.html?res=9CODE7DB153EF933A0575ACOA96F958260&sec=&sp... 9/25/2008
 
Classic Bill O'Reilly - Loses it on Barney Frank

.....And, then, runs his....



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Looks like NoShameman's been playing in the gutter again, this thread is almost 4 years old. Before the Messiah was delivered.
 
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