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Fannie Mae

The Fannie/Freddie Bail-Out: The Plan and Why Now?

Hale "Bonddad" Stewart | Posted 05.25.2011 | 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.

Behind the Costly Fannie/Freddie Mortgage Bailout

Danny Schechter | Posted 05.25.2011 | Business
Danny Schechter

In a globalized entangled and interconnected economy, no region can expect not to be impacted when the world's number one economy goes south.

Government Takes Over Fannie Mae, Freddie Mac

AP | MARTIN CRUTSINGER and ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The Bush administration's seizure of troubled mortgage giants Fannie Mae and Freddie Mac is potentially a $200 billion bet that it ...

Candidates Signal Support For Fannie, Freddie Rescue

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as Sunday, moved to the forefront of the presidential...

Government Plans Takeover Of Fannie Mae, Freddie Mac

AP | ALAN ZIBEL | Posted 05.25.2011 | 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...

More Sarah Palin Comparisons: "Steve Forbes In A Skirt"

Dealbreaker | John Carney | Posted 05.25.2011 | Business

Heavy on the inside jokes and edgy interpretations of finance-related news, must-read trader blog Dealbreaker quotes an "insider" on their opinion of ...

Take Back Your Money

Jon Raymond | Posted 05.25.2011 | Business
Jon Raymond

Want to know how to take back this country, or start a revolution? The answer is as obvious as the nose on your face. Banks. Take your money out of t...

Fannie Mae shakes up management team

AP | ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Mortgage finance giant Fannie Mae shook up its executive ranks Wednesday, after shares in it and sibling company Freddie Mac rose f...

More Important Than Running Mates

Max Fraad Wolff | Posted 05.25.2011 | Business
Max Fraad Wolff

What we are witnessing is the breakdown of the link between middle class America and the global financial markets it has over tapped across the last several decades.

Fannie Mae, Freddie Mac Shares Rise

AP | MARCY GORDON and ALAN ZIBEL | Posted 05.25.2011 | Business

WASHINGTON — Shares of Fannie Mae and Freddie Mac soared Monday in a respite from their battering in recent days, while some regional banks saw ...

Conflicted Out - Fannie and Freddie Should Serve Just One Master

Sheila Tendy | Posted 05.25.2011 | Business
Sheila Tendy

Why are Fannie Mae and Freddie Mac, both government-sponsored and backed by taxpayer dollars, still publicly traded?

Villa Leopolda And Fannie Mae: Financing Your $750M Home

The Wealth Report | Posted 05.25.2011 | Business

The Wealth Report takes a look at the recent reported purchase of the French Riviera Villa Leopolda for $750 million by an unnamed Russian. The blog e...

Short Selling Rules Expire Today

Reuters | Posted 05.25.2011 | Business

Last month, the SEC imposed a temporary rule that requires investors to borrow stock before executing a short sale in 19 major Wall Street firms such ...

The Price of Risk

Jared Bernstein | Posted 05.25.2011 | Business
Jared Bernstein

"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."

Mortgage Rates On The Rise

New York Times | TARA SIEGEL BERNARD | Posted 05.25.2011 | Business

Gaping losses at Fannie Mae and Freddie Mac are causing the two mortgage giants to slow their purchases of home loans at a time when the government is...

Fannie Mae Loses $2.3 Billion, Slashes Dividend

AP | Posted 05.25.2011 | Business

WASHINGTON - Mortgage finance company Fannie Mae says it swung to a second-quarter loss that was more than triple what Wall Street expected as the hou...

Freddie Mac Chief Ignored Warnings

New York Times | Charles Duhigg | Posted 05.25.2011 | Business

The chief executive of the mortgage giant Freddie Mac rejected internal warnings that could have protected the company from some of the financial cris...

Naked Short-Selling Ban Extended Through August 12 -- But That's It

AP | RICHARD JACOBSEN | Posted 05.25.2011 | Business

Federal regulators on Tuesday extended through mid-August a temporary order banning a certain kind of short-selling of the stocks of mortgage finance ...

You Can Take That To the Bank...not!

Thomas Stern | Posted 05.25.2011 | Business
Thomas Stern

We all know that none of us are safe. With China owning so much of our debt, my financial institution just changed its name to "Bank of What Was Formerly Known As America."

Why Some People Hate The Housing Rescue

Dealbreaker | John Carney | Posted 05.25.2011 | Business

Over the weekend the Senate overwhelmingly passed a the mortgage bailout bill that includes a government rescue plan for mortgage finance giants Fanni...

Short-Selling Protection Expanded Could Hurt Computerized Trading: Report

Wall Street Journal | Jenny Strasburg, Kara Scannell and Randall Smith | Posted 05.25.2011 | Business

The rules appear to have had their intended effect of halting the slide in shares of financial companies such as Fannie Mae, Freddie Mac and Lehman Br...

The Right Questions

Jared Bernstein | Posted 05.25.2011 | Politics
Jared Bernstein

President Bush, a fierce adherent of YOYO (you're on your own) for the masses and socialism for the rich, is about to sign the new housing bill with all its market corrections.

Reagan Revolution Out Of Style, Regulation In Even With Republicans

Wall Street Journal | Bob Davis, Damian Paletta and Rebecca Smith | Posted 05.25.2011 | Business

WASHINGTON -- The housing and financial crisis convulsing the U.S. is powering a new wave of government regulation of business and the economy. Feder...

Remember Your Chains That Bind You, to Us - Ye Captains of Industry and Govern

Alice Singleton | Posted 05.25.2011 | Business
Alice Singleton

Attached with the bailout of the FMs and the remaining institutions surely to follow will be a veiled warning to the American taxpayer: "we had to bail them out. If they go down the tubes, so does America!"

Congress Approves Housing Rescue Bill

AP | JULIE HIRSCHFELD DAVIS | Posted 05.25.2011 | Business

WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and prevent...