Stay 2005 Quotes & Sayings

And you'd see that 2/28 interest only ARM mortgages were only 5.85% of the pool in early 2004, but by late 2004 they were 17.48% of the pool, and by late summer 2005 25.34% of the pool. Yet average FICO [consumer credit] scores for the pool, percent of no-doc ["Liar"] loan to value measures and other indicators were pretty static ... . The point is that these measures could stay roughly static, but the overall pool of mortgages being issued, packaged and sold off was worsening in quality, because for the same average FICO scores or the same average loan to value, you were getting a higher percentage of interest only mortgages. — Michael Lewis

Maj Thapa rose to the rank of Lieutenant Colonel and served till he retired. He continued to attend almost all the Republic Day parades from 1964 to 2004. Sick and undergoing dialysis for kidney failure in Delhi, Lt Col Thapa would slip in and out of consciousness in his last year. Poornima, who was taking care of him, pleaded with him to not attend the parade that year, but he refused gently yet firmly. 'When I wear my uniform and go for the parade, I represent my soldiers; those men who fought a war with me. I cannot let them down,' he told her. Though he could hardly stand for long or even stay alert, he put on his uniform, pinned on his PVC, tilted his Gorkha hat at the perfect angle and went for the parade, remembers Poornima. Through sheer willpower, he managed to stand in the jeep till he had saluted the President. After that, he sat down. That would be the last Republic Day parade he would attend. On 5 September 2005, Lt Col Thapa died of kidney failure. He was 77 years old. — Rachna Bisht

As Stephen Krashen and Joanne Ujiie (2005) assert, "Many people are fearful that if children engage in 'light reading,' if they read comics and magazines they will stay with this kind of reading forever, that they will never go on to more 'serious' reading. The opposite appears to be the case. The evidence suggests that light reading provides the competence and motivation to continue reading and to read more demanding texts" (p. 6). — Donalyn Miller