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Fannie Mae Freddie Mac Bailout

In a Gloomy Economy, Signs of Light

Robert Reed | Posted 05.25.2011 | Business
Robert Reed

At a time when the stock market is plunging and a once-venerable Wall Street investment house is going bankrupt, it may seem like all is lost. Not true. In fact, amid the carnage, some examples have emerged that stir --shall we say--a cautious optimism about getting free of this mess.

Momonomics 101: How We Pay for War

Robyn O'Brien | Posted 11.17.2011 | Healthy Living
Robyn O'Brien

As a mother of four, I don't do lipstick, but I understand economic policy, having earned an MBA on a scholarship and graduated as the top woman in my class.

A Terrible Day for the Economy, But a Great Day to Note the Social Security Noncrisis

Harold Pollack | Posted 05.25.2011 | Business
Harold Pollack

Whatever you may hear, the system is in remarkably good shape these days, even as everything else seems headed to hell in a hand basket. Today is a great day to remember how terrific Social Security really is.

Truth is, We're Screwed (Video)

Charles Karel Bouley | Posted 05.25.2011 | Politics
Charles Karel Bouley

Not one person on the campaign trail can really say what is becoming painfully clear: for the near future, for the next decade or so, we're all screwed.

Freddie-Fannie Payoffs

Jeff Danziger | Posted 05.25.2011 | Business
Jeff Danziger

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Fannie Help Mae and Freddy Macked

Ben Cohen | Posted 05.25.2011 | Politics
Ben Cohen

The moral of the story? Lobby the government to write your own legislation, make millions when markets are up, get bailed out when markets are bad, walk away with even more money. Simple, eh?

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.

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.

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.

Behind the Costly Fannie/Freddie Mortgage Bailout

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In a globalized entangled and interconnected economy, no region can expect not to be impacted when the world's number one economy goes south.

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."

The Short-Sighted Double Standard

George Cloutier | Posted 05.25.2011 | Business
George Cloutier

Why should small business get nothing while Wall Street benefits? It's shortsighted, and it will only serve to speed the spiral effect of the economic downturn as these enterprises stop investing, and continue to lay off workers.

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.

Fannie Mae, Freddie Mac Spent $200M To Buy Influence

Posted 05.25.2011 | Politics

The Politico has an article today detailing the influence Freddie Mac and Fannie Mae have bought in Washington over the past decade. The government-ch...

Wall Street Socialism

Robert L. Borosage | Posted 05.25.2011 | Politics
Robert L. Borosage

If the guarantees work, private speculators, having driven the stock down, will clean up on the upside. And the bank's CEOs will continue to pocket the multi-million dollar salaries. Call it Wall Street socialism.

Fannie Mae, Freddie Mac Bailout Would Cost Taxpayers Dearly

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

IT'S dispiriting indeed to watch the United States financial system, supposedly the envy of the world, being taken to its knees. But that's the show w...