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On-screem text and visuals detail the specifics of the Home Ownership Loan Pool . He takes off his shirt and strikes a bodybuilder pose . Bullard reports that the court denied the first appeal of Garrity 's verdict ; that the US Supreme Court refused to hear the case ; that the Court of Appeals denied a stay of the court order for the 1975-76 school year ; that the defendents went to the court today to appeal the Phase II desegregation plan . Lydon reports that Walter Mondale ( candidate for US President ) accused Ronald Reagan ( US President ) of " moral McCarthyism " and religious zealotry ; that Mondale asked for respect of his religion , family values , and patriotism .