Obama Admin Too Busy To Deal With Fannie, Freddie, Says Assistant Treasury Secretary
The Washington Post reports that according to Michael Barr, the assistant Treasury secretary for financial institutions, the Treasury Department has b...
The Washington Post reports that according to Michael Barr, the assistant Treasury secretary for financial institutions, the Treasury Department has b...
washingtonpost.com | Zachary A. Goldfarb | Posted 03.05.2010 | Business
Barney Frank, the Washington Post reports, "has unexpectedly called into question the safety of investing in Fannie Mae and Freddie Mac, raising the s...
CHARLES DUHIGG | Posted 02.02.2010 | Business
Fifteen months after Fannie and Freddie were effectively nationalized, neither the Obama administration nor Congressional leaders see a quick solution...
Eliot Spitzer | Posted 03.18.2010 | Business
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.
Sheldon Filger | Posted 03.18.2010 | Business
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?
AP | J.W. ELPHINSTONE | Posted 03.18.2010 | Business
NEW YORK — The government has handed its ATM card to beleaguered mortgage giants Fannie Mae and Freddie Mac. The Treasury Department said Thurs...
Max Fraad Wolff | Posted 11.29.2009 | Business
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.
Ellen Brown | Posted 11.21.2009 | Business
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.
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...
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...
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...
Jacki Zehner | Posted 02.02.2009 | Business
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.
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...
James Rotondi | Posted 03.25.2009 | Business
Perhaps we're better off thinking of our current state of economic ennui not as a recession or a depression, but as a "repression."
Graciela Chichilnisky | Posted 12.18.2008 | Business
The true root cause of the financial crisis starts with the continued defaults on mortgages that magnify and snowball throughout the entire financial system.
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...
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...
Jeff Schweitzer | Posted 10.30.2008 | Business
Wall Street is a casino rigged against investors sold false hope by unscrupulous companies sanctioned by government to deceive customers.
Rep. Charles A. Gonzalez | Posted 10.27.2008 | Politics
With no congressional oversight or government regulation, there was no one to ask where the emperor's clothes were.
Larry Gellman | Posted 10.27.2008 | Politics
It was appropriate that outrage be expressed during those hearings, but the criticism should have been directed from Paulson to the members of Congress.
Stephen C. Rose | Posted 10.25.2008 | Politics
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...
Mitchell Bard | Posted 10.23.2008 | Politics
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?
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 ...
Sasha Abramsky | Posted 10.22.2008 | Politics
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 ...
Grant Cardone | Posted 10.20.2008 | Business
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.
washingtonpost.com | Zachary A. Goldfarb | Posted 03.11.2010 | Business