Fannie Mae Freddie Mac Bailout

Skewed Recovery

Max Fraad Wolff | Posted 09.29.2009 | 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.

Landmark Decision Promises Massive Relief for Homeowners and Trouble for Banks

Ellen Brown | Posted 09.21.2009 | Business


Ellen Brown

60 million mortgages with fatal defects in title could give aggrieved homeowners and securities holders the crowbar they need to exert some serious leverage on Congress.

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

New York Times | GRETCHEN MORGENSON | Posted 10.22.2009 | 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...

Fannie and Freddie Will Likely Never Return To Private Hands

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...

Freddie Mac CEO David Moffett To Resign

AP | ALAN ZIBEL | Posted 04.02.2009 | Business


WASHINGTON — The top executive of Freddie Mac is quitting after less than six months on the job as the company continues to hemorrhage from mort...

Dear Hank (A Letter to the Departing Treasury Secretary)

Jacki Zehner | Posted 02.02.2009 | Business


Jacki Zehner

It has been over six years since I left Goldman Sachs where I had the honor of working for you. I am sorry that your time serving our great country was not more of a rewarding experience for you.

Fannie Mae, Freddie Mac Hearing: Testimony, Video

Huffington Post | Posted 03.25.2009 | Business


UPDATE 12/09 at 3:21PM: HuffPost's Marcus Baram reports: Former Fannie Mae CEO Franklin Raines blamed regulators and lawmakers for encouraging the m...

We're in a "Repression": The Economics of Shame

James Rotondi | Posted 03.25.2009 | Business


James Rotondi

Perhaps we're better off thinking of our current state of economic ennui not as a recession or a depression, but as a "repression."

It's the Mortgages: How to Restore the Health and Stability of the Economy

Graciela Chichilnisky | Posted 12.18.2008 | Business


Graciela Chichilnisky

The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.

Bailout Votes Could Hurt Congressional Candidates

AP | Dennis Conrad | Posted 11.14.2008 | Chicago


WASHINGTON - The nation's economic uncertainty is creating political uncertainty for a few Illinois politicians running for re-election. Congressiona...

Financial Bailout Stiffing Many Chicago Banks

Crain's Chicago Business | Paul Merrion | Posted 11.13.2008 | Chicago


Like many Chicago execs, Robert Glickman is studying the fine print of the $700-billion federal financial rescue plan. "I don't think they'll buy a l...

House of Cards on a Bed of Sand

Jeff Schweitzer | Posted 10.30.2008 | Business


Jeff Schweitzer

Wall Street is a casino rigged against investors sold false hope by unscrupulous companies sanctioned by government to deceive customers.

Spotlight on the House: Oversight and the Bailout

Rep. Charles A. Gonzalez | Posted 10.27.2008 | Politics


Rep. Charles A. Gonzalez

With no congressional oversight or government regulation, there was no one to ask where the emperor's clothes were.

Less Outrage -- More Repentance Please

Larry Gellman | Posted 10.27.2008 | Politics


Larry Gellman

It was appropriate that outrage be expressed during those hearings, but the criticism should have been directed from Paulson to the members of Congress.

Democrats and Republicans Made The Mortgage Crisis -- Quit The Blame Game

Stephen C. Rose | Posted 10.25.2008 | Politics


Stephen C. Rose

By Stephen C. Rose There are two key pieces of evidence in the maelstrom we are now calling a meltdown -- but which began with a mortgage crisis. The...

It's Time for the "Deregulators" Like McCain to Step Aside and Shut Up

Mitchell Bard | Posted 10.23.2008 | Politics


Mitchell Bard

How can a guy like John Boehner, who got us into this mess in the first place, have the unmitigated nerve to try and dictate the terms of how to fix things?

McCain, Obama Bailout Support Is Hesitant

NY Times | JOHN HARWOOD and MICHAEL COOPER | Posted 10.23.2008 | Politics


PHILADELPHIA -- Senators John McCain and Barack Obama warned Sunday that there should be more oversight built into the government's $700 billion plan ...

Sweetening the Trillion Dollar Bailout

Sasha Abramsky | Posted 10.22.2008 | Politics


Sasha Abramsky

It's been said so many times this week, it hardly needs restating, but I'll restate it anyway: the financial collapse we're in the middle of, and the ...

Wall Street Herds go to Slaughter

Grant Cardone | Posted 10.20.2008 | Business


Grant Cardone

The investor needs to immediately reevaluate all of his investment and make sure he fully understands and can easily explain exactly where and what his investments are.

Republicans Prefer Fiction

Christopher Fink | Posted 10.20.2008 | Home


Christopher Fink

When the financial crisis hit this week, the media swiftly declared that dealing with such a reality helped Obama and the Democrats. McCain was on the defensive because actual issues, such as the economy, had taken the spotlight away from pigs with lipstick.

Freddie Mac Boss Selling $5 Million Vacation Home (PHOTOS)

Huffington Post | Posted 10.19.2008 | Business


Freddie Mac CFO Anthony "Buddy" Piszel must be feeling the crunch, as the NY Post reports he is selling his Maryland vacation home for $5 million Pisz...

McCain-Obama-Backed Bailout of Fannie and Freddie is Bad Policy

Bob Barr | Posted 10.18.2008 | Politics


Bob Barr

No one on Capitol Hill or in the White House will be held accountable for designing a system that enriched the housing industry at public expense.

Why the Financial Meltdown Reflects the Fundamental Failure of the Bush-McCain Economic Philosophy

Robert Creamer | Posted 10.17.2008 | Politics


Robert Creamer

The American mortgage market now provides us with another clear example of how the fundamental premise of right-wing economic thought is dead wrong.

In a Gloomy Economy, Signs of Light

Robert Reed | Posted 10.16.2008 | 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 10.16.2008 | 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.