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Fannie and Freddie: 1 Year Later

Source: The Motley Fool

Bač : Serbia | 3 months ago

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In the year since, Fannie and Freddie have received roughly $96 billion in taxpayer support, incrementally, to keep their net worths above zero. Originally, a backstop of $200 billion was allocated to keep the two afloat...While not solely, or even mostly, responsible for Wall Street's collapse,...

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Fannie Mae, "request the assistance of 15 billion dollars from the U.S....

By: mohammedd

Fannie Mae Foundation announced the U.S. giant mortgage finance plan to seek new financial support from the federal government U.S. $ 15 billion after it continued losses for the ninth consecutive quarter. Fannie Mae reported that its losses during the third quarter of this year hit 18.9 billion dollars against a loss of $ 14.8 billion dollars ...

28 days ago
Health Reform Bill Squeaks By

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To President Obama, Nancy Pelosi, Harry Reid and all 535 voting members of the Legislature, It is now official you are ALL corrupt and not all that bright: The U.S. Post Service was established in 1775. You have had 234 years to get it right and it is broke. · Social Security was ...

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Moore v. Hannity on FOX: Filmmaker Exposed as Partisan Hypocrite

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Controversial filmmaker Michael Moore, who rarely opens himself up to direct confrontation or critique of his one-sided opinions, ventured onto the set of Hannity’s America on FOX and exposed himself to be a partisan hypocrite. Sean Hannity pressed Moore to explain how one of the biggest beneficiaries of the capitalist s

about 1 month ago
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News Stories

Newsweek: The 16th Minute: Legends of the Fall

News Source: Uinta County News | 2 months ago

A year ago, the financial system … well, really, who doesn't remember? Then: Longtime Lehman CEO went down with the other Bros., losing more than $800 million himself as the firm's stock sank. Then: Bank of America CEO and board chairman won...
5 weeks on the brink: Reliving meltdown of '08

News Source: The Orange County Register | 2 months ago

The nation was focused on a tropical storm spinning off the Carolinas and a hurricane headed for Florida. People were gaming out how a political novice named Sarah Palin might upend the presidential campaign. The Dow Jones industrial average closed...
Industry group proposes replacing Fannie, Freddie

News Source: Sify News | 2 months ago

A mortgage industry group wants Fannie Mae and Freddie Mac replaced with private companies that would be able to issue mortgage bonds formally backed by the federal government. The Mortgage Bankers Association's proposal, released Wednesday, offers a...
A year later, exit from Fannie Mae, Freddie is a perplexing quandary for ...

News Source: Star Tribune | 2 months ago

A year after the near-collapse of Fannie Mae and Freddie Mac, the mortgage giants remain dependent on the government for survival and there is no end in sight. The companies, created by the government to ensure the availability of home loans, have...
Fannie and Freddie: 1 Year Later

News Source: The Motley Fool | 2 months ago

In the year since, Fannie and Freddie have received roughly $96 billion in taxpayer support, incrementally, to keep their net worths above zero. Originally, a backstop of $200 billion was allocated to keep the two afloat...While not solely, or even...