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Greatly Exaggerated

19 hours ago ago from The Inflationist - Making Money in Stocks, Forex, Bonds, Commodities

The U.S. Dollar is Finally Getting Invited Back to the Investment Party The buck is up 6% against the euro in the last three weeks. Notwithstanding problems in Greece and Spain, and the attendant complications for the E.U., this is a pretty good performance. Illustrating an important lesson. Don't count the dollar out too soon. Over the past months, many analysts have done just that. Forecasting a terminal decline in the dollar ...

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WSJ: No Exit in Sight for US as Fannie (FNM), Freddie (FRE) Flail

12 hours ago ago from Fund My Mutual Fund

This is a nice overview story in the Wall Street Journal on what FanFredron (Fannie + Freddie + Enron) have become: a governmental warehouse of losses to subsidize the US housing market. Supposedly 2010 was going to be the year the long term future of these entities was supposed to be determined - i.e.(a) fully socialize these 2 as permanent money losing apparatus as to keep housing prices elevated and "help" home ownership rates [that's ...

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Obama Shifting from HAMP to HAFA - Short Sales?

3 hours ago ago from Brevard County Florida - Blog

Smart Real Estate News & Commentary by Chris McLaughlin, February 9, 2010 Fannie and Freddie failing Freddie Mac and Fannie Mae were among the first big financial institutions to receive massive federal bailouts after the financial crisis hit in 2008. Government officials have been racing to fix bailed-out car makers and banks and are pushing to reshape the financial-services industry. But Fannie and Freddie remain troubled ...

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Fannie & Freddie problems

9 hours ago ago from Seattle Real Estate / Foreclosure Blog

Excerpts from a terrific Article in the WSJ regarding Fannie, and Freddie MCLEAN, Va.—When Charles E. Haldeman Jr. became Freddie Mac's chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It's likely to need even more. Freddie's federal overseers nevertheless have instructed Mr. Haldeman to focus on something that isn't likely to make the bleak balance ...

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The financial future of the United States

13 hours ago ago from John\'s Corner of the World

Last Saturday evening, Sarita and I went out to dinner with some old friends. He works at a major aerospace company. Whenever we talk with this couple, I know I have to be careful about touching on subjects that could be touchy from a security/secrets perspective. At some point in the conversation, we got talking about the state of American technology and infrastructure. He mentioned that his group is doing very little truly transformative, ...

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Treasurys have sharper decline after 3-year sale

1 hour, 39 minutes ago ago from CNN Money

Treasurys have sharper decline after 3-year sale By Chavon Sutton, staff reporter February 9, 2010: 2:25 PM ET NEW YORK (CNNMoney.com) -- Treasury prices fell Tuesday after the government issued $40 billion of 3-year notes and investors remain skiddish over debt issues in Europe. What prices are doing: The benchmark 10-year note fell 14/32 to 97 30/32, pushing up the yield to 3.62% from 3.56% late Monday. Bond prices and yields move in ...

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Dongfan "Greg" Chung, Chinese Spy, Gets More Than 15 Years In Prison

22 hours ago ago from Huffington Post

SANTA ANA, Calif. A Chinese-born engineer convicted in the United States' first economic espionage trial was sentenced Monday to more than 15 years in prison for stealing sensitive information on the U.S. space program with the intent of passing it to China. Dongfan "Greg" Chung, a Boeing stress analyst with high-level security clearance, was convicted in July of six counts of economic espionage and other federal charges for storing 300,000 ...

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Fannie and Freddie Stagger On as Troubled Wards of the State

7 hours ago ago from Wall Street Journal

MCLEAN, Va. When Charles E. Haldeman Jr. became Freddie Mac 's chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It's likely to need even more. Freddie's federal overseers nevertheless have instructed Mr. Haldeman to focus on something that isn't likely to make the bleak balance sheet look any better: carrying out the Obama administration plan to allow ...

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Lechleiter pay rises in 1st full year as Lilly CEO

22 hours ago ago from U.S. News

Lechleiter pay rises in 1st full year as Lilly CEO INDIANAPOLIS (AP) -- Eli Lilly and Co. CEO John Lechleiter received a compensation package valued at $16.4 million for 2009, up 54 percent from 2008, the year he became the drug maker's chief executive, according to an Associated Press calculation of figures disclosed Monday in a regulatory filing. Also president and chairman, his salary rose nearly 11 percent to $1.48 million and his ...

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CIC Offers a Glimpse Into U.S. Holdings

21 hours ago ago from Wall Street Journal

BEIJING China's massive national investment fund provided the closest look yet at its politically sensitive holdings, in a securities filing that revealed that it has accumulated small stakes in more than 60 U.S. companies but has apparently focused its biggest bets disproportionately outside the U.S. In a report to the U.S. Securities and Exchange Commission, the $300 billion China Investment Corp. said it owned equity ...

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