Hey, Fatima - could you lean in a bit more... oh, sorry... that's you Aisha. Okay, Salima - smile! (chuckle, chuckle).
[Thanks goes to Uncle Ralph for this picture.]
He [Bush] pushed hard to expand homeownership, especially among minorities," its [NY Times] lengthy front-age piece asserts. "But his housing policies encouraged lax lending standards."If the Times had said the same thing about Bush's predecessor, its story might have a kernel of truth to it.Seeking to lock in minority voters for Democrats, Bill Clinton in 1993 set a national homeownership goal of 55% of blacks, a major increase from existing levels.To achieve it, he tasked his regulators to lead an anti-redlining crusade against the banking industry that included revising Community Reinvesting Act regulations to pressure banks to adopt "flexible" lending standards for low-income borrowers.Clinton also pressured Fannie Mae and Freddie Mac to buy not just subprime loans, but also subprime securities, to meet "affirmative action" lending quotas.These actions - which were far more concrete than anything Bush did to encourage minority homeownership - were never cited in the Times' nearly 5,000 - word piece.
...listed on Obama's transition Web site as part of the team reviewing national security agencies. Her duties, according to the site, will be to "ensure that senior appointees have the information necessary to complete the confirmation process, lead their departments, and begin implementing signature policy initiatives immediately after they are sworn in."In short, she is part of a team that is likely to work directly with Clinton, a potentially awkward situation for the two women.