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Fannie Mae and Freddie Mac Could Go Bankrupt
22 hours ago ago from Matt Weidner's Blog
Fannie Mae and Freddie Mac are the two largest insurers and underwriters of residential loans in the US. In the wake of the mortgage meltdown, the Federal Government (that means you and me), pumped $400 billion into these institutions to prevent them from going bankrupt. Now the reason they were (and are) in such trouble is the mortgage brokers and lenders from whom they were purchasing loans were committing gross fraud and ...
Related contentBeyond a Reasonable Doubt
9 hours ago ago from Western Representation
Thank you Brad Sandbothe for compiling the information used in this post! Corruption is a serious charge that must be backed up with evidence. Everyday we rail against the political corruption that threatens the very existence of our nation. Barney Frank, Nancy Pelosi, Chris Dodd, and Harry Reid created the housing crises that has crippled our economy. We have compiled a detailed time line that shows exactly how democrats are DIRECTLY ...
Related contentRemaking Fannie and Freddie: Six Mistakes to Avoid
16 hours ago ago from The Wall Street Job Report
By Nick Timiraos for the Wall Street Journal, December 15, 2009 Public policy experts have spent much of 2009 debating how to fix the market. In 2010, they’ll be wrestling with a different question: What should the government do with Fannie Mae and Freddie Mac? The answers to that question rests largely on a reading of what got the companies in trouble in the first place. Longtime critics, including some Republicans, argue that the ...
Related contentOur “Mixed-up” Economy
19 hours ago ago from Chapter 57
Thankfully someone put this into layman's terms. It is widely recognized by economists everywhere the Keynesian and Austrian Schools included that ours is a mixed economy. The labeling of the U.S. economy as is misguided at best, and the practice has often led politicians to blame market failures on the free-market and seek remedies through government intervention. Hopefully this article puts into perspective how good intentions often ...
Related contentFannie and Freddie Ask For More Bailout Money
17 hours ago ago from The Chicago 77
16 December 2009 – Fannie Mae and Freddie Mac are poised to ask the government for more bailout money . They initially asked for $200 Billion, then later increased that amount to $400 Billion, and are now planning on asking for a grand total of $600 Billion. The interesting part is about the request. Fannie Mae loans are some of the hardest to obtain today. With their very strict guidelines and increased down payment as well as PMI ...
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Read the Fed statement
14 hours ago ago from CNN Money
Read the Fed statement December 16, 2009: 2:19 PM ET NEW YORK (CNNMoney.com) -- Information received since the Federal Open Market Committee met in November suggests that economic activity has continued to pick up and that the deterioration in the labor market is abating. The housing sector has shown some signs of improvement over recent months. Household spending appears to be expanding at a moderate rate, though it remains ...
Related contentHouse Approves $290B Increase to Debt Limit - FOXBusiness.com
11 hours ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Government Wednesday, December 16, 2009 House Approves $290B Increase to Debt Limit  Reuters  The House Wednesday narrowly voted to raise ...
Related contentSavills Climbs After Upping Earnings Guidance - FOXBusiness.com
21 minutes ago ago from FOX Business
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Real Estate Thursday, December 17, 2009 Savills Climbs After Upping Earnings Guidance  By Steve Goldstein MarketWatch Pulse  LONDON -- ...
Related contentFOMC Hails Economy; No Change in Rates - FOXBusiness.com
13 hours ago ago from FOX News
Existing users please login User Name: Password: Remember me on this computer Home / Markets / Industries / Finance Wednesday, December 16, 2009 FOMC Hails Economy; No Change in Rates   The Federal Open Market Committee Wednesday acknowledged an ...
Related contentCitibank prices equity offering at $20.5 billion
9 hours ago ago from CNN Money
Citibank prices equity offering at $20.5 billion By Ben Rooney, staff reporter December 16, 2009: 7:50 PM ET NEW YORK (CNNMoney.com) -- Citigroup said Wednesday it intends to raise $20.5 billion in the stock market as part of its plan to repay bailout money and free itself from government restrictions. The New York-based lender said it will offer 5.4 billion shares of common stock priced at $3.15 per share. It will also offer 35 ...
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