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Fannie Mae Freddie Mac Bailout

Skewed Recovery

Max Fraad Wolff | Posted 09.29.2009 | Business

Read More: Debt, Fed, Economy, Economic Crisis, Mortgage Crisis, Financial Crisis, Fannie Mae, Economic Recovery, Fannie Mae Freddie Mac Bailout, Business News
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.

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Landmark Decision Promises Massive Relief for Homeowners and Trouble for Banks

Ellen Brown | Posted 09.21.2009 | Business

Read More: Goldman Sachs, Wall Street Bailout, Treasury Secretary Henry Paulson, Fannie Mae Freddie Mac Bailout, Cdo, Home Foreclosures, Mers, Business News
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.

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

New York Times | GRETCHEN MORGENSON | Posted 10.22.2009 | Politics

Read More: Freddie Mac, Bailout, Fannie Takeover, Legal Defense Bills, Leanne Spencer, Fannie Mae Freddie Mac Bailout, Franklin Raines, Business, Fannie Mae, Politics News

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

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Fannie and Freddie Will Likely Never Return To Private Hands

New York Times | CHARLES DUHIGG | Posted 04.02.2009 | Business

Read More: Fannie Mae Bailout, Freddie Mac, Fannie Mae, Fannie and Freddie to Stay Public, Fannie Mae Freddie Mac Bailout, Business News

Despite assurances that the takeover of Fannie Mae and Freddie Mac would be temporary, the giant mortgage companies will most likely never fully retur...

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Freddie Mac CEO David Moffett To Resign

AP | ALAN ZIBEL | Posted 04.02.2009 | Business

Read More: Freddie Mac News, Fannie Mae Freddie Mac Bailout, Freddie Mac, David Moffett Resigns, Freddie Mac Bailout, David Moffett Freddie Mac, David Moffett, Moffet Freddie Mac, Freddie Mac David Moffet, Freddie Mac Ceo Will Resign, Bailout Outrage, Business News

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...

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Dear Hank (A Letter to the Departing Treasury Secretary)

Jacki Zehner | Posted 02.02.2009 | Business

Read More: Goldman Sachs, u.s. Economy Problems, Women, New Year 2009, Freddie Mac, Jacki Zehner, Hank Paulson, Women's Issues, Activism, Henry Paulson, Hank Paulson 2008, Fannie Mae, Fannie Mae Freddie Mac Bailout, Secretary of the Treasury Hank Paulson, Freddie Mac Takeover, Business News
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.

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Fannie Mae, Freddie Mac Hearing: Testimony, Video

Huffington Post | Posted 03.25.2009 | Business

Read More: Freddie Mac Hearing, Freddie Mac, Freddier Mac Testimony, Fannie Mae Takeover, Freddie Mac Bailout Hearing, Fannie Mae Bailout Hearing, Fannie Mae, Fannie Mae Freddie Mac Bailout, Fannie Mae Hearing, Fannie Mae Testimony, Mortgage Crisis, Bailout Outrage, Business News

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...

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

James Rotondi | Posted 03.25.2009 | Business

Read More: Economic Downturn, Automaker Bailout, Big Three Automakers, Unemployment Rate, Humor, Economy, Economic Crisis, Detroit Three, Mortgage Crisis, Federal Reserve, Consumer Spending, Recession, Consumer Confidence, Subprime Mortgages, Bailout, Subprime Mortgage Crisis, Sex, Henry Paulson, Obama Transition, Fannie Mae Freddie Mac Bailout, Recession Watch, Treasury Secretary, Great Depression, Financial Crisis, Personal Finance, Lifestyle, Entertainment, Sexuality, Satire, Political Satire, Living, Bailout Outrage, Business News
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."

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

Graciela Chichilnisky | Posted 12.18.2008 | Business

Read More: Mortgages, Freddie Mac, Defaults, Bailout, Mortgage Crisis, Financial Crisis, Fannie Mae, Credit Default Swaps, Fannie Mae Freddie Mac Bailout, Mortgage Defaults, Alan Greenspan, Business News
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.

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Bailout Votes Could Hurt Congressional Candidates

AP | Dennis Conrad | Posted 11.14.2008 | Chicago

Read More: Bill Foster Jim Oberweis, Fannie Mae, Jim Oberweis, Bailout Vote, Peter Roskam, Jill Morgenthaler, Illinois Delegation Bailout Votes, Judy Biggert, Judy Biggert Bailout Switch, Freddie Mac, Bailout, Bill Foster, Illinois Bailout Vote, Illinois Congressional Races, Fannie Mae Freddie Mac Bailout, Scott Harper, Chicago News

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

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Financial Bailout Stiffing Many Chicago Banks

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

Read More: National Bank of Commerce, Government Bailout, Bailout, Northern Trust Corp., Robert Glickman, Chicago Business, Fannie Mae Freddie Mac Bailout, Chicago Banks, Corus Bankshares Inc., Chicago News

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...

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House of Cards on a Bed of Sand

Jeff Schweitzer | Posted 10.30.2008 | Business

Read More: John McCain, Wall Street Crisis, Bailout, Wall Street, Economy, Economic Crisis, Fannie Mae Freddie Mac Bailout, Business News
Jeff Schweitzer

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

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Spotlight on the House: Oversight and the Bailout

Rep. Charles A. Gonzalez | Posted 10.27.2008 | Politics

Read More: John McCain, Wall Street Crisis, Wall Street, Bailout, George W. Bush, Charles A. Gonzalez, Bear Stearns, Fannie Mae Freddie Mac Bailout, Politics News
Rep. Charles A. Gonzalez

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

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Less Outrage -- More Repentance Please

Larry Gellman | Posted 10.27.2008 | Politics

Read More: Congress, John McCain, Greenwich, Judaism, Jewish Culture, News Media, Bailout, Democratic Party, Catholic Church, Religion, Aig, Synagogue, Henry Paulson, Religion and Politics, Warren Buffett, Fannie Mae Freddie Mac Bailout, Jewish Voters, Politics News
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.

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

Stephen C. Rose | Posted 10.25.2008 | Politics

Read More: Barack Obama 2008, Congressional Democrats, John McCain, Fannie, Bailout, Senate Republicans, Bill Clinton, Freddie, Sanford Weill, Fannie Mae Freddie Mac Bailout, Bob Rubin, Barack Obama, Financial Meltdown, Glass-Steagall, Mortgage Crisis, Politics News
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...

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

Mitchell Bard | Posted 10.23.2008 | Politics

Read More: Mccain Deregulation, John Boehner, Derivatives, Rick Davis, This Week, Rick Davis Fannie Mae Freddie Mac, Subprime Bailout, Fannie Mae, Republican Deregulation, Chris Dodd, Democrats Bailout, Political News, Freddie Mac, George Stephanopoulos, Phill Gramm, Subprime Mortgage Crisis, Deregulation, Warren Buffett, Fannie Mae Freddie Mac Bailout, Bipartisanship, John McCain Keating 5 Scandal, Glass-Steagall, Politics News
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?

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McCain, Obama Bailout Support Is Hesitant

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

Read More: John McCain, Hank Paulson, Bailout, Henry Paulson, Fannie Mae Freddie Mac Bailout, Barack Obama, Politics News

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

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Sweetening the Trillion Dollar Bailout

Sasha Abramsky | Posted 10.22.2008 | Politics

Read More: Trillion Dollar Bailout, Political Crisis, Mortgages, Unemployment, Nationalization, Subprime Mortgages, Public Housing, Financial System Bailout, Bear Stearns Bailout, Bailout, Inflation, Fannie Mae Freddie Mac Bailout, Capitalism, Housing Crisis, Politics News
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 ...

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Wall Street Herds go to Slaughter

Grant Cardone | Posted 10.20.2008 | Business

Read More: Wall Street, Merrill Lynch, Bear Stearns, Fannie Mae Freddie Mac Bailout, Lehman Brothers, Recession, Business News
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.

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Republicans Prefer Fiction

Christopher Fink | Posted 10.20.2008 | Home

Read More: Lies, John McCain, Bear Stearns Bailout, Bailout, Lehman Brothers, Economy, Stock Market, Fannie Mae Freddie Mac Bailout, GOP 2008, Recession, Republicans, Foreclosure Crisis, Home News
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.

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

Huffington Post | Posted 10.19.2008 | Business

Read More: Anthony Piszel, Banking Crisis, Anthony Piszel Easton, Fannie Mae Freddie Mac Bailout, Freddie Mac, Wall Street, Anthony Piszel Home, Business News

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...

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

Bob Barr | Posted 10.18.2008 | Politics

Read More: Bob Barr, Fannie Mae, Fannie Mae Freddie Mac Bailout, Freddie Mac, Bob Barr Libertarian, Economy, Politics News
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.

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

Robert Creamer | Posted 10.17.2008 | Politics

Read More: Presidential Election, Obama, Mccain, Economic Policy, Market Meltdown, Lehman Brothers, Economy, U.S. Economy, Phil Gramm, John McCain, Tragedy of the Commons, McCain Economy, Fannie Mae, 2008 Election, Barack Obama, Merrill Lynch, Freddie Mac, Fannie Mae Freddie Mac Bailout, Politics News
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.

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In a Gloomy Economy, Signs of Light

Robert Reed | Posted 10.16.2008 | Business

Read More: Merrill Lynch, Lehman Bankruptcy, Economy, Bank of America, Economic Troubles, Lehman Brothers Bankruptcy, Fannie Mae Freddie Mac Bailout, CVS Pharmacies, Longs Drug Stores, Bank of America Merrill Lynch Buyout, Walgreens, Subprime Crisis, Bofa, Business News
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.

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Momonomics 101: How We Pay for War

Robyn O'Brien | Posted 10.16.2008 | Living

Read More: Taxes, U.S. Economy, Lipstick, Economics, Economy, Deficits, Election 2008, Moms, Lehman Brothers, Fannie Mae Freddie Mac Bailout, Living News
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.

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