Word: maes
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Tawdry Test. Last week the New York Court of Appeals faced all those possibilities in a significant decision rejecting retroactivity. Appellant Charlie Mae McQueen, 50, a domestic with an estimated IQ of 84, was arrested after a laborer was found stabbed to death in Hempstead, N.Y. Given a 20-year-to.-life sentence in 1964, Miss McQueen appealed on three grounds: >The police violated her right to counsel at the station house when they barred her daughter-her only "counsel." > The police coerced her confession by not telling her that her victim was dead -and falsely claiming that he would...
Despite the rule against "suggestive posture," Paul Lukas, with nimble hand, and Sally Blane, with ample thigh, cavorted in 1933's Grand Slam. Despite strictures against double-entendre, Mae West scarcely needed to be more direct than when she observed, "I like a man who takes his time." Later, the code's prohibition against "lustful embraces" did not stop Burt Lancaster and Deborah Kerr from wrestling all over a Hawaii beach in From Here to Eternity. And scarcely anybody paid any attention to the taboo against "explicit treatment of adultery...
...Fannie Mae's new power to borrow, when added to its existing plans to do so, means that the agency may pour some $7 billion of debentures and other financial paper onto the private bond market by mid-1967, driving interest rates up considerably. The resulting mortgage money will still be limited to FHA and VA loans, now so unpopular with builders that they account for only about 15% of this year's housing. Fannie Mae's aid to housing may thus be only half a remedy...
...Balance Wheel. Controversial activity is a long tradition with Fannie Mae. A 28-year-old New Deal creation, the agency has become the world's largest mortgage banking facility by buying $15.7 billion of loans to finance 1,586,000 homes and apartments. Basically, it aims to lend heavily when home loans are scarce, sell part of its portfolio to private lenders when funds are plentiful. So well does the agency perform this balance-wheel job that private mortgage men consider it indispensable. Precisely because of Fannie Mae's high standing in the financial community, Congress often gives...
Irksome though he finds it to be party to such legerdemain, Fannie Mae's taciturn president, J. Stanley Baughman, explains simply: "We do what we have to do." Pittsburgh-born Baughman, an up-through-the-ranks federal careerist since 1933, made his mark among mortgage men by turning the depression-born Home Owners' Loan Corp. from a money loser into a profit maker. Taking over Fannie Mae in 1950, he tightened up loose operating procedures, chopped his staff while the work load doubled, won a reputation as an administrator who could say no without ruffling too many tempers...