Tori got published
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Pastor Gary
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Tori got published
My daughter, Tori, had her article selected for publication in the college campus newspaper. (Proud dad moment!)
"God is excited to show you mercy. He rises to give you His compassion." (Isaiah 30:18)
"For surely, O LORD, you bless the righteous; you surround them with your favor as with a shield." (Psalm 5:12)
"For surely, O LORD, you bless the righteous; you surround them with your favor as with a shield." (Psalm 5:12)
That's great, Pastor Gary! Is she a journalism major? Great job!
"...The life you see me living is not 'mine,' but it is lived by faith in the Son of God, who loved me and gave himself for me. I am not going to go back on that."- Galatians 19:20 (The Message)
Visit my blog: www.dewaynehamby.com
Visit my blog: www.dewaynehamby.com
Nice indeed.. except her source, Paul Briggs (economics), needs prompt correction. Not her fault.. but worth highlighting.
“It started just after 9/11,” said Briggs. “The Fed funds rate was very, very low and that caused a tremendous amount of cheap credit in the markets.” Much of this credit was extended to people via what Briggs refers to as NINJA loans– No Income, No Job or Assets. “You didn’t need really much of anything because the flow of credit was so cheap,” he explained.
WRONG: When actually it started in 1999 by the Clinton Administration..
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.
...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.
... 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.''
Source:
http://query.nytimes.com/gst/fullpage.h ... A96F958260
“It started just after 9/11,” said Briggs. “The Fed funds rate was very, very low and that caused a tremendous amount of cheap credit in the markets.” Much of this credit was extended to people via what Briggs refers to as NINJA loans– No Income, No Job or Assets. “You didn’t need really much of anything because the flow of credit was so cheap,” he explained.
WRONG: When actually it started in 1999 by the Clinton Administration..
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.
...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.
... 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.''
Source:
http://query.nytimes.com/gst/fullpage.h ... A96F958260
Tori got published
From one proud dad to another......it's just the beginning of great things for this kid.........be proud....be VERY proud!!!!
Dr. Ron
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