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Fannie Mae Bailout

Freddie and Fannie -- Has Everyone Gone Postal?

Adam Levin | Posted 11.07.2011 | Business
Adam Levin

Between Freddie and Fannie's latest woes and the United States Postal Service teetering on collapse, it's been a bad week or so for quasi-governmental agencies.

Mortgage Giants Leave Legal Bills To The Taxpayers

New York Times | Posted 05.25.2011 | Business

Since the government took over Fannie Mae and Freddie Mac, taxpayers have spent more than $160 million defending the mortgage finance companies and th...

The Biggest Financial Bailout of Them All

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

Fannie Mae was actually hiding the vast majority of its worst performing mortgages off-book. Just how much is the taxpayer is on the hook for?

Fannie and Freddie Will Likely Never Return To Private Hands

New York Times | CHARLES DUHIGG | Posted 05.25.2011 | Business

Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully retur...

Report: Fannie, Freddie Execs Were Warned Of Loan Problems Years Ago

Washington Post | Zachary A. Goldfarb | Posted 05.25.2011 | Business

Internal Freddie Mac documents show that senior executives at the company were warned years ago that they were offering mortgages that could pose dang...

Solution to Economy Depends on Refinanced Mortgages, HOME Act

Rep. Dennis Cardoza | Posted 05.25.2011 | Politics
Rep. Dennis Cardoza

American families are losing their homes and I know this problem all too well. It began in my own backyard in California's Central Valley, which has been coined "ground zero" of the housing crisis.

Fannie, Freddie Bailout Yet To Achieve Goals

Washington Post | Posted 05.25.2011 | Business

Almost two months ago, the government sought to revive the nation's ailing mortgage sector by seizing Fannie Mae and Freddie Mac and pumping money int...

We, The People, Should Run Freddie Mac and Fannie Mae

Jonathan Tasini | Posted 05.25.2011 | Business
Jonathan Tasini

Since we are now on the hook for hundreds of billions of dollars to bail out Freddie Mac and Fannie Mae the management of those two institutions should now be handed over to the public.

NEW YORK TIMES EDITORIAL MISSES THE MARK

Jim Randel | Posted 05.25.2011 | Business
Jim Randel

Today's (September 9) editorial in The New York Times, titled "The Bailout's Big Lessons" claims that one of the reasons the government had to act to ...

Stuff Happens: The Mortgage Bailout and the Federal Budget

Scott Bittle and Jean Johnson | Posted 05.25.2011 | Business
Scott Bittle and Jean Johnson

Rather than facing a $200 billion deficit to do something really important, the U.S. is now heading toward a whopping $10 trillion dollar debt.

The Future of Fannie and Freddie

David M. Abromowitz | Posted 05.25.2011 | Business
David M. Abromowitz

The dramatic semi-nationalization of America's primary home mortgage companies is justified under the circumstances given that nearly 1 in 10 home mortgage borrowers today are in trouble.

Fannie/Freddie Fallout: The US' Financing Bill is Coming Due

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

One of the largest financial decisions of the last 100 years -- the decision to essentially nationalize elements of the mortgage market -- was driven by outside (non-US) investors.

An Argument for Giving Every American Their Own Shares in Fannie and Freddie

Adam Hanft | Posted 05.25.2011 | Business
Adam Hanft

With the bailout of Fannie and Freddie you and every taxpayer are proud owners of your very own piece of the subprime mortgage catastrophe.

Freddie and Fannie Bail-Out: Our Foreign Masters Have Spoken

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

Nervous people all over the globe are what is driving this -- at least partially. And that should scare everyone. We are no longer in complete control of our sovereignty.

Little Orphan Fannie

Robert Kuttner | Posted 05.25.2011 | Home
Robert Kuttner

Here is the cycle: government invents something virtuous. The private market takes it over, loses hundreds of billions. Government then bails it out. Surely there is an Obama teachable moment here.

Mrs. Palin Has No Clue "who" Freddie and Fannie Are

Diane Francis | Posted 05.25.2011 | Business
Diane Francis

Mrs. Palin may be relatively bright but she hasn't even a passing knowledge about the underpinnings of the financial or global capitalist system.

The Fannie/Freddie Bail-Out: The Plan and Why Now?

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

Fannie and Freddie will grow a bit and then become far more manageable from a size perspective. This is a very sound policy, if only to prevent a bail-out of mammoth proportions from having to occur again.

Fannie and Freddie Bail-Out: How We Got Here and The Plan To Get Us Out

Hale "Bonddad" Stewart | Posted 05.25.2011 | Business
Hale

This post offers: 1) A brief explanation of what Fannie Mae and Freddie Mac do and why they are so important; 2) Why they are in trouble; 3) And overview of the government's plan.

The Price of Risk

Jared Bernstein | Posted 05.25.2011 | Business
Jared Bernstein

"Conservative" used to mean risk-averse. Now it means "risk be damned, I want my oil, my house, my risky financial instruments, and my government bailout when they fail."

Secretary Paulson's New Gig: Fannie And Freddie PR Man

New York Times | Stephen Labaton | Posted 05.25.2011 | Business

Bank examiners from the Federal Reserve and the Comptroller of the Currency are inspecting the books of the nation's two largest mortgage finance comp...

The Ballad of Fannie & Freddie

Al Eisele | Posted 05.25.2011 | Politics
Al Eisele

Fannie and Freddie were lenders Lordy, how they could lend!

Well Regulated BS

Amitai Etzioni | Posted 05.25.2011 | Politics
Amitai Etzioni

As long as politicians can take money from the industries that are supposed to be regulated, taxpayers will keep paying for the profiteering of these industries.

Capitalism for the Poor, Socialism for the Wealthy

Byron Williams | Posted 05.25.2011 | Business
Byron Williams

Like Fannie and Freddie, the American economy is also a hybrid of private and public participation. We are hardly a socialist society, but we are not paragons of capitalisms.

Fannie's Lesson: The Real Scandals Are Legal

Dick Meyer | Posted 05.25.2011 | Business
Dick Meyer

The government is putting taxpayer funds at risk to stabilize Fannie Mae -- another episode in a long-running legal scandal. There are no hookers, embezzlers and slush funds. Just laws, lobbyists and pay packages.

FNMA Is Making Enron Executives Look Good

Ron Galloway | Posted 05.25.2011 | Business
Ron Galloway

FNMA executives gamed the system to enrich themselves by exposing the American taxpayer to their company risk. It is the biggest financial scandal we'll ever see.