WASHINGTON — Fannie Mae plans to pay retention bonuses of at least $1 million to four key executives as part of a plan to keep hundreds of emplo...
New York Times | CHARLES DUHIGG | Posted 04.02.2009 | 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...
Rep. Dennis Cardoza | Posted 03.01.2009 | Politics
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.
Washington Post | Zachary A. Goldfarb | Posted 03.25.2009 | 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...
AP | ALAN ZIBEL | Posted 01.09.2009 | Home
WASHINGTON — Three months after the government seized control of Fannie Mae and Freddie Mac, lawmakers on Tuesday blamed former top executives a...
Washington Post | Posted 11.28.2008 | 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...
Jonathan Tasini | Posted 10.12.2008 | Business
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.
Scott Bittle and Jean Johnson | Posted 10.10.2008 | Business
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.
Jim Randel | Posted 10.10.2008 | Business
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 ...
David M. Abromowitz | Posted 10.10.2008 | Business
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.
Hale "Bonddad" Stewart | Posted 10.10.2008 | Business
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.
Diane Francis | Posted 10.09.2008 | Business
Mrs. Palin may be relatively bright but she hasn't even a passing knowledge about the underpinnings of the financial or global capitalist system.
Robert Kuttner | Posted 10.09.2008 | Home
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.
Adam Hanft | Posted 10.09.2008 | Business
With the bailout of Fannie and Freddie you and every taxpayer are proud owners of your very own piece of the subprime mortgage catastrophe.
Hale "Bonddad" Stewart | Posted 10.09.2008 | Business
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.
Hale "Bonddad" Stewart | Posted 10.08.2008 | Business
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.
Hale "Bonddad" Stewart | Posted 10.07.2008 | Business
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.
AP | ALAN ZIBEL | Posted 10.06.2008 | Business
WASHINGTON — The government is expected to take over Fannie Mae and Freddie Mac as soon as this weekend in a monumental move designed to protect...
Jared Bernstein | Posted 09.10.2008 | Business
"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."
New York Times | Stephen Labaton | Posted 07.30.2008 | 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...
Al Eisele | Posted 07.27.2008 | Politics
Fannie and Freddie were lenders Lordy, how they could lend!
Amitai Etzioni | Posted 07.26.2008 | Politics
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.
Byron Williams | Posted 07.26.2008 | Business
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.
Ron Galloway | Posted 07.25.2008 | Business
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.
Dick Meyer | Posted 07.25.2008 | Business
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.
AP | ALAN ZIBEL | Posted 04.18.2009 | Business