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Fannie Mae

U.S. Treasury Strikes On Christmas Eve: Unlimited Taxpayer Support For Fannie Mae And Freddie Mac

Sheldon Filger | Posted 05.25.2011 | Business
Sheldon Filger

If, as Treasury originally claimed, $400 billion was more than sufficient to guarantee the security of Fannie and Freddie, why sneak in a new taxpayer commitment when nobody's looking?

Fannie, Freddie, GMAC And AIG: Biggest Mortgage Backers Look Like 'Long-Term Wards Of The State'

MARY WILLIAMS WALSH | Posted 05.25.2011 | Business

Even as the biggest banks repay their government debt in what is being heralded as a successful rescue program, four troubled giants of the financial ...

Why All The Hate Towards Goldman Sachs?

James Altucher | Posted 05.25.2011 | Business
James Altucher

I get it. People are angry at Goldman Sachs. But anger, particularly when misplaced, is not going to bring the economy back. Instead, how about we focus on making some money? Let's buy some stocks and enjoy the holidays.

Ryan Grim

Fannie and Freddie Fire Their Own Inspector General | Ryan Grim | Posted 05.25.2011 | Politics

There is no independent auditor overseeing the federal agency responsible for some $6 trillion in home mortgages, because the Department of Justice's ...

10 Questions The Financial Crisis Commission Must Ask

Eliot Spitzer | Posted 05.25.2011 | Business
Eliot Spitzer

The FCIC should enlist the financial industry as its research assistants. The industry should jump at the chance. The only way to reduce the frequency and damage of future crises is to find out what caused this one.

The Decade Ahead: From Radicalism to Restraint

Joe Scarborough | Posted 05.25.2011 | Politics
Joe Scarborough

Washington just turned the page on a decade filled with reckless spending, military adventurism and political fratricide. The costs of that era will be with us for some time.

Board Members Who Skated Away From Financial Failure, Responsibility

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Business

Directors who were supposedly minding the store as disaster struck at companies like Countrywide Financial, Washington Mutual or Fannie Mae have not a...

Ryan Grim

White House Told 'Multiple Times' Fannie, Freddie Had No Watchdog | Ryan Grim | Posted 05.25.2011 | Business

Whose fault is it that the federal agency that oversees five trillion dollars in mortgages hasn't had an independent inspector general for months? Not...

Administration Asleep at the Wheel on FHA Oversight

Rep. Darrell Issa | Posted 05.25.2011 | Politics
Rep. Darrell Issa

Congress and the administration are addicted to using the taxpayers to prop up the flailing housing market without proper oversight. It is precisely this negligent behavior that got us into this mess.

Divergence, of Course

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Despite the excitement over the stock markets, credit markets remain ground zero. They are where defaults destroy fortunes but they are also crucial to US industrial growth.

Ryan Grim

Bipartisan Effort Would Force An IG On Fannie And Freddie | Ryan Grim | Posted 05.25.2011 | Business

A bipartisan foursome in the House of Representatives introduced a bill on Wednesday that would require the head of the Federal Housing Finance Agency...

Skewed Recovery

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

Angry masses see the recession as purely financial. This is false. Policy makers have rushed to address the financial crisis. This is near sighted. We have addressed one of our afflictions and left the greater economic problems under-appreciated and unaddressed.

FHA: Federal Housing Authority Low On Cash, High On Leverage | Posted 05.25.2011 | Business

The Treasury has announced new "capital cushion" requirements for financial institutions to reduce excessive risk and prevent taxpayer bailouts. Seems...

Toxic Assets: Government's New Programs Aim To Buy Buy Banks' Bad Assets, Help Home Buyers

Washington Post | Renae Merle and David Cho | Posted 05.25.2011 | Business

The Obama administration is close to rolling out two initiatives aimed at addressing lingering problems from the financial crisis: A long-delayed effo...

401k Investing: 8 Zombie Stocks To Avoid

BloggingStocks | Michael Shulman | Posted 05.25.2011 | Business

Right now there are few things scarier than the post-market report on CNBC. It's almost like watching a horror movie. And I've got some zombie stoc...

Mortgage Market: U.S. Government Still Propping Up Real Estate: Newsweek | Daniel Gross | Posted 05.25.2011 | Business

While the government has pacified the commercial finance, savings, and plain-vanilla banking sectors, it's sending reinforcements into the vast, resti...

Financial Crisis Financiers: Where Are They Now? (PHOTOS)

Posted 05.25.2011 | Business

UPDATE: AIG's Joseph Cassano is BACK in U.S. soil. Check out info on his "surprisingly modest" home here. Absence makes the heart grow fonder. Well...

Uncle Sam's Not-So-Graceful Exit from Real Estate

Eric Schurenberg | Posted 05.25.2011 | Business
Eric Schurenberg

The Fed and the Treasury have to take the training wheels off the wobbly financial system without tipping it back into chaos.

The Most Damning Internal Emails Of The Financial Crisis (PHOTOS)

Posted 05.25.2011 | Business

In case you haven't heard, emails live forever. Which may mean that the full story of the financial crisis is lying dormant somewhere on a few forgott...

Zombie Companies Haunt Stock Market Rally

Garrett Johnson | Posted 05.25.2011 | Business
Garrett Johnson

Insiders are selling and only speculators are buying. This doesn't sound like a market that the little guy should get involved with.

Obama Punting On Fannie, Freddie Could Prove Costly

Huffington Post Investigative Fund | Ben Protess | Posted 05.25.2011 | Politics

Facing an array of more immediate financial problems, Treasury Secretary Timothy Geithner has pushed Fannie Mae and Freddie Mac towards the bottom of ...

Darrell Issa, Another Lying Liar in the Countrywide VIP Loan Story

David Fiderer | Posted 05.25.2011 | Politics
David Fiderer

Robert Feinberg is the "whistleblower" who accuses Chris Dodd of receiving "sweetheart deals" on his home mortgage. His statements and stolen company documents represent the only direct evident in Rep. Issa's misleading report.

As U.S. Government Props Up Housing, Taxpayers Are On The Hook For Billions | Zachary A. Goldfarb and Dina ElBoghdady | Posted 05.25.2011 | Business

In the go-go years of the U.S. housing boom, virtually anybody could get a few hundred thousand dollars to buy a home, and private lenders flooded the...

NYT: Government Pays Legal Bills For Executives That Defrauded The Government

New York Times | GRETCHEN MORGENSON | Posted 05.25.2011 | Politics

As a result of the Fannie takeover, taxpayers are paying millions of dollars in legal defense bills for three top former executives, including Frankli...

Government Faces Tough Decisions About Hot To Stabilize Mortgage Market | Zachary A. Goldfarb and Dina ElBoghdady | Posted 05.25.2011 | Business

Only one lender of consequence remains: the federal government, which undertook one of its earliest and most dramatic rescues of the financial crisis ...