European Stars and Stripes (Newspaper) - June 21, 2007, Darmstadt, Hesse                                June 2007 stars and stripes Page 17 opinion High time for a Campaign against cliches by Anne Applebaum the Washington Post e Ager to preserve the English Lan Guage against a Ris ing tide of non a British newspaper asked readers last week to com pose a piece of prose crammed with As Many infuriating phrases As the results make entertaining i hear what youre saying with All due its not exactly rocket begins one excellent the Bottom line is you Wear your heart on your sleeve when All is said and this is All part and parcel of the ongoing bigger another left face facts this could be my con Duit to a whole new Ball or what some of the entries mocked by Reau crates our own Costene fit analysis of the ongoing target shortfall is that this predicament needs to be addressed proactive others celebrated either american to the or British was gob in and All of them suggested an explanation for Why it seems so difficult to Fol Low the ludicrously Early Ameri can presidential Campaign too Many of the candidates speak in prose crammed with As Many infuriating phrases As the worst offender and this weeks column is officially apolitical is Hillary who is running for president because i believe if we set big goals and we work together to achieve we can restore the american dream today and for the next Gen Clinton also believes that we can give people the Edu cation and opportunities they need to fulfil their go Given to and that the foundation of a Strong Economy is the invest ments we make in each who could possibly disagree but maybe that what it takes to Lead the opinion at least at this were a bit Down Politi Cally right but i think were on the comeback and its going to Start right Fred Thompson said speaking to an audience of apparently enthusiastic Virginia and no wonder they liked him this is a Man who believes that its time to take Stock and be honest with were going to have to do a lot of things and who tells audiences that i know were Here for the same reasons love of our country and concern for our feel love of our coun try and concern for our which is Why i worry when Mitt Romney says that if s time for in Novation and transformation in Washington was it Ever not or that America can also overcome the challenges and seize our Abun Dant opportunities Here at Home does any candidate think other or when Rudy Giuliani promises a Mission of Reform and change As presume to a Mission of entropy and political campaigns Only get interesting when the candidates Stop speaking in ringing Generali ties and infuriating phrases which Doest mean that they be come or even Good for the John Mccain Campaign in 2000 appealed precisely because he eschewed prepared gobbledygook though that want enough even to win the re publican i am also still convinced that voters initially liked George Bush in articular by at least he didst sound quite As and ultimately mean As everyone Only with time did his Natu Alborn inability to speak English begin to produce infuriating phrases of unique pointlessness these Are big achievements for this and the people of bul Garia ought to be proud of the achievements that they have achieved was a recent at the the brightest new Hope for the English Lan Guage is Barack a fact i didst fully appreciate until i int tent ively picked up what i thought was his bestselling new dreams from my expecting a Dull political i Dis covered an engaging Story of his enigmatic father and his eccentric full of unexpected observations about race and identity Sang democratic presidential candidate Hillary believes that we can give people the education and opportunities they need to fulfil their go Given Likely Republican candidate Fred Thomp tells audiences in his stump speech that i know were Here for the same reasons love of our country and concern for our in America and written with real elegance he writes at one Point the word is por tending a monstrous outcome like antebellum or it evokes images of another then i discovered that id read the wrong Book Obama wrote dreams from my father 15 years before becoming a Polit ical candidate of any though his recent elect metres ident the audacity of has been praised for its the jacket Blurb describes it As senator Obama vision of How we can move beyond our Divi Sions to create a radically Hope Ful i hear what there with All due in putting off Reading afraid the deterioration might already have left face Guys no Good writ however can Possi Bly survive a two year presiden tial Anne Applebaum is a Post prime Opportunity to protect would be homeowners Louis pos dispatch editorial the chairwoman of the Odic this week offered some commonsense rules for preventing a repeat of the Lenderson wild party that created the current subprime mortgage had Sheila flairs suggestions been in effect a few years we would not be see ing record rates of foreclosure today or families by the tens of thousands facing eviction and if Bair had her she would declare mortgages unaffordable if the monthly mortgage including taxes and exceeds 50 percent of the family calculate that payment at what will be charged after any initial teaser rates expire and the interest rate jumps forbid so called liar Loans that Are approved without verifying the borrowers lots of and some Mort Gage lied borrowers in comes in order to get Loans put a two year limit on penalties for prepaying such penalties have left people trapped with payments they cant afford but unable to refinance at better require taxes and insurance costs to be included in the mortgage so that families Arent caught Short when Large Bills hairs Federal Deposit insurance cannot act on her suggestions because mortgage regulation is the province of the Federal Reserve the fed snooze while the subprime lending frenzy went wild Early in this de Cade As housing prices shot through the when the housing Price Bubble the nightmares began for subprime Bor rowers and investors in subprime Securi the fed is awake to the Issue at the but it seems unenthusiastic about the logical at Issue Are High interest Loans made to people with poor credit histories or with in comes too Low to support conventional most feature adjustable rates that skyrocket alter an initial Many homeowners Are Long past their initial Peri ods and cant afford the higher a smaller number of borrowers Are Vic Tims of truly predatory they were Given Loans they  conceivably locked out of options by prepay ment penalties and charged exorbitant nearly 16 percent of homeowners with adjustable rate subprime mortgages were behind on their payments this an Al time another 3 percent were in according to figures released last week by the mortgage Bankers those numbers probably will institutional investors in mortgage Bonds Are taking it on the and have tightened up credit standards for subprime in that at the current mess shows signs of being but additional rules would help Ward off a last the fed began holding hearings on whether to tighten up its subprime rules the signs were not enc our testifying before Randall a member of the feds Board of said he favored improving disclosures to borrowers but seemed less enthusiastic about other Congress could write new lending rules into but revising fed regulations would be faster and allow More flexibility if unforeseen problems arise and the rules need the trick is to write rules tight enough to prevent but not so tight that people with credit problems cant get mortgages at with its Long history of regulating the fed is Well positioned to write Intelli gent rules along the lines suggested by it needs to Stop snoozing and get on with the prickly City by Scott Stantis amp i it