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Remaking Fannie and Freddie: Six Mistakes to Avoid
2 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 contentFannie, Freddie Overseer May Seek More Treasury Aid
22 hours ago ago from LEAP/Europe 2020
Fannie Mae and Freddie Mac’s federal regulator is renegotiating the companies’ financing plan with the U.S. Treasury Department and may seek an increase to their $400 billion federal lifeline before the end of the year, according to people familiar with the talks. Treasury and Federal Housing Finance Agency officials are also debating whether to lower the mortgage-finance companies’ dividend payments on their Treasury borrowings, according ...
Related contentFannie Freddie May Need Another $400 Billion Taxpayer Assistance
1 day ago ago from HighYields.com
Remember the ridiculous claim that taxpayers would not lose a dime on Fannie Mae or Freddie Mac when they were seized 16 months ago? It's certainly no surprise in this corner but Fannie, Freddie Overseer May Seek More Treasury Aid Fannie Mae and Freddie Mac’s federal regulator is renegotiating the companies’ financing plan with the U.S. Treasury Department and may seek an increase to their $400 billion federal lifeline before the end ...
Related contentBig Decision Looms on Fannie, Freddie
20 hours ago ago from Newsalert
The Wall Street Journal reports: The U.S. Treasury faces a decision by year end on whether to increase its bailout of Fannie Mae and Freddie Mac beyond the $400 billion it has already committed. So far, the companies have taken $112 billion in capital infusions from the government, and most analysts believe they are unlikely to use up the full $400 billion.
Related contentText of U.S. Federal Reserve announcement for December 16, 2009
1 hour, 31 minutes ago ago from FP Posted
Federal Reserve Press Release Release Date: December 16, 2009 For immediate release 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 ...
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Fed Statement: Interpreting The New Paragraph - MarketBeat - WSJ
27 minutes ago ago from Wall Street Journal
By Matt Phillips While the key extended period language was unaltered, there was a sizable addition to the end of the FOMC statement. It's an entire paragraph actually, in which the Fed ticks off the various liquidity programs the central bank expects will expire by the start of February. It's less than riveting reading, but it's important. If you're bored to death just skip to the analysis at the bottom of the post: In light of ongoing ...
Related contentRead the Fed statement
1 hour, 28 minutes 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 contentOn Tap Wednesday: Fed Statement in Focus - MarketBeat - WSJ
21 hours ago ago from Wall Street Journal
By Matt Phillips Wednesday at around 2:15 p.m. ET the Federal Reserve's rate-setting committee hands down its all-important decision on interest rates. And while the widely held consensus is that no rate change is imminent, as always market watchers will be closely perusing the Federal Reserve's prose in the hopes of divining some clues about when the central bank will start trying in earn est to wean the markets off the extraordinary ...
Related contentFed to keep rates at record lows
5 hours ago ago from NBC
Economy at a Crossroads" href="http://www.msnbc.msn.com/id/26843300/device/rss/rss.xml" xmlns:media="http://search.yahoo.com/mrss/" /> advertisement Categories ...
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