Well, you can tell by the way I use my walk,
I’m a woman’s man, no time to talk.
Music loud and women warm.
I’ve been kicked around since I was born.
And now it’s all right, it’s O.K.
And you may look the other way.
We can try to understand
The New York Times’ effect on man.
Whether you’re a brother
Or whether you’re a mother,
You’re stayin’ alive, stayin’ alive.
Feel the city breakin’
And ev’rybody shakin’
And we’re stayin’ alive, stayin’ alive.
Life goin’ nowhere.
Somebody help me.
Somebody help me, yeah.
Life goin’ nowhere.
Somebody help me, yeah.
Fred Thompson has enjoyed a remarkable career in Hollywood and politics, but when he sat down to write a memoir about how he got to be the person he is, he discovered that his best stories all seemed to come out of the years he spent growing up in and around his hometown of Lawrenceburg, Tennessee.
In Teaching the Pig to Dance, you will find reflections as hilarious as they are honest and warm. Thompson touches on the influences – family, hometown neighbors and teachers, team sports, jobs, romances, and personal crises – that molded his character, his politics, and the way he looks at life today. And, more than anyone else from those days though, he remembers his mom and dad, who instilled in him a belief that kids are shaped most of all by the love and support they can take for granted.
Teaching the Pig to Dance will delight those who admire the author, along with all those who just love to hear rollicking but unforgettable stories about growing up in a place where, as one of the local old timers put it, “We weren’t big enough to have a town drunk, so a few of us had to take turns.”
Fred Thompson served eight years as a United States Senator from Tennessee (1995-2003), and in 2008 he sought the Republican nomination for President of the United States. Earlier in his career he served as an Assistant United States Attorney in Tennessee and in 1973 served as Minority Counsel to the Senate Watergate Committee. He has appeared in numerous movies as well as television’s Emmy Award-winning series Law & Order. Currently, he hosts The Fred Thompson Show, a daily radio talk show produced by Westwood One.
As part of American Advisors Group’s strategic growth plans to be the largest private national reverse mortgage lender in the country, AAG has secured former Senator Fred Thompson as the company’s spokesman. Thompson, an accomplished attorney, actor, author and commentator, is among America’s most recognized and respected national figures. He remains active in politics and the national debate, and hosts a nationally syndicated radio show. Earlier this week, his memoir about growing up in Tennessee, “Teaching the Pig to Dance” (Crown) was released. As spokesman for AAG, Thompson will provide the credibility, integrity, and policy knowledge needed to ensure the longevity and growth of reverse mortgages, an important financial tool for seniors.
Thompson said, “I am proud to join AAG’s efforts. In this tough economic climate, it’s important that America’s seniors know all their options, and have the facts they need to make informed decisions about their financial and retirement futures. Reverse mortgages present opportunities for seniors to stay in their homes and enjoy their retirements, and I look forward to informing America’s seniors of the benefits of this often misunderstood financial product.”
CEO of AAG, Reza Jahangiri, said: “We are delighted to have Senator Thompson on board and know this will be a game changer – not just for AAG but for the reverse mortgage industry as a whole. AAG looks forward to Senator Thompson helping take our brand, company and industry to the next level.” He and his experience will be invaluable as AAG further develops their reverse mortgage platform in the coming months.
“I’m excited to begin working with AAG. Reverse mortgage can be a viable and safe financial resource for a number of individuals who are looking for different financial options as they enter what should be a rewarding new stage in their lives,” said Thompson.
Gawker – By Jim Newell
This sleazy ad has been on cable news all day. Former presidential candidate and country bear Fred Thompson wants old people to get “Absolutely FREE,” government-backed reverse mortgages. What do we know about this shady company Thompson is endorsing?
First of all, did you know that reverse or “lifetime” mortgages are the hot new thing for investors lookin’ for a high yield on mortgages-backed securities? It’s true! MarketWatch tells us this today. Basically, people over 62 tap into equity on houses that they own, or have a lot of equity in. (We’re going to go out on a limb and suggest that these standards may slide as time goes on?) The upfront fees have gone down in recent years, and the idea is that old people, who have to contend with rising health and cost-of-retirement issues in their golden years, can get long-term loans to pay for stuff and then just leave their spoiled children to sell off the homes at (hopefully!) higher prices after they die, which they will. They always do.
Oh right, and they’re government-backed! That’s how investors get paid. (Fred Thompson, a true Fiscal Conservative, makes a big point of this “full government backup” in his terrible ad.)
Reverse mortgages are available to homeowners who are 62 years old or older and own their homes outright or have a substantial amount of home equity, according to the HUD site. The vast majority of reverse mortgages are insured by the Federal Housing Administration, through the Home Equity Conversion Mortgage (HECM) program.
The reduced fees on reverse mortgages are a result of another important industry development: investor demand for securities backed by those mortgages, Bell said. These securities are backed by Ginnie Mae, based on a reverse mortgage insured by the FHA, he said, and with that combination, “you have a very secure investment.”
THERE’S NO RISK! Oh god. This is going to blow up the economy again, isn’t it? Like, within a week, right?
114,692 reverse mortgages were made in fiscal year 2009, compared to 157 in 1990, when people had actual money.
But would ex-Senator Fred Thompson, America’s most trustworthy conservative political figure, endorse financial products from a company of sleazy repute?
Attorney General Lisa Madigan filed lawsuits against two mortgage brokers for using unfair and deceptive marketing practices to solicit seniors for reverse mortgages.
“These companies used extremely misleading language in their advertising, sometimes even disguising their loans as government benefits that borrowers don’t have to repay,” said Madigan. Many consumers have reported that they didn’t even know these offers were for reverse mortgages or a loan of any kind added Madigan.
They were saying that Obama will give them free money, essentially. At least Fred Thompson omitted the word “Obama,” who is a communist.
And two years ago, the state of Massachusetts gave AAG a cease-and-desist order for deceptive marketing practices.
So when all of these old people die and suddenly their kids can’t sell their houses to make up the $1 million they owe on their $400,000 homes, blame Fred Thompson entirely. Also: if you’re going to get a reverse mortgage, find a good lawyer, maybe? No, not Fred Thompson!
Wiki: Reverse mortgage
Senior Living: Is a Reverse Mortgage Right for You?
New Retirement: Reverse Mortgages
Consumer Affairs: American Advisor Group
Mortgage Fraud Blog: Two Reverse Mortgage Brokers Sued For Deceptive Practices
Reverse Mortgage Daily: Reverse Mortgage Lender Raises $4 Million, Gears Up For Expansion
LA Times (2007): An awkward ad by Fred Thompson