Fannie Mae

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Murdoch and Polonius: A Subscriber's Report

Martin Nolan | Posted 01.15.2009 | Media

Read More: Bill Clinton, Robert Bartley, Barney Frank, Bernanke, Fannie Mae, Chris Dodd, Procter & Gamble, Wall Street Journal, Paulson, Freddie Mac, Financial TImes, Rupert Murdoch, New York Times, Fox News, Shakespeare, Bernard Madoff, Whitewater, Ghoogle, Media News

In 2008, during the biggest financial news story since 1929, the credibility of the Wall Street Journal's ed page coughed, sputtered, and collapsed.

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America's Choice: Destruction or Construction

Leo W. Gerard | Posted 01.12.2009 | Business

America is suffering. She is, however, afflicted with an avoidable condition she brought on herself, like a hangover. Only this one's interminable and internationally contagious.

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Wall Street Journal Editorial Board Does It Again

Rep. Barney Frank | Posted 01.11.2009 | Business

Read More: Wall Street Journal, Housing Crisis, Freddie Mac, Barney Frank, Deregulation Banking, Fannie Mae, Home Ownership, Business News

I am used to having my views severely distorted by the Wall Street Journal Editorial Board, but the opening of this editorial doesn't distort -- it gets the truth absolutely backwards.

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Fannie, Freddie Hearings: Looking For A Scapegoat

New York Post | Posted 03.25.2009 | Business

Read More: Subprime Mortgages, Freddie Mac Hearing, Freddie Mac, Fannie Mae, House Oversight and Government Reform Committee, Fannie Mae Hearing, Mortgage Crisis, Bailout Outrage, Business News

As finger-pointing escalated in Washington in the search for blame for the housing crisis, at least one ousted mortgage official in the cross hairs sa...

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Report: Fannie, Freddie Execs Were Warned Of Loan Problems Years Ago

Washington Post | Zachary A. Goldfarb | Posted 03.25.2009 | Business

Read More: Freddie Mac, Fannie Mae Warnings, Freddie Mac Loans, Fannie Mae Loans, Freddie Mac Bailout, Fannie Mae Bailout, Fannie Mae, Bailout Outrage, Freddie Mac Mortgage Crisis, Business News

Internal Freddie Mac documents show that senior executives at the company were warned years ago that they were offering mortgages that could pose dang...

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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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Fannie, Freddie Testimony: Who's To Blame For Lowered Standards?

AP | ALAN ZIBEL | Posted 01.09.2009 | Home

Read More: Fannie Mae Bailout, Freddie Mac, Freddie Mac Bailout, Fannie Mae Testimoney, Finance, Economy, Financial Crisis, Fannie Mae, Henry Waxman, Freddie Mac Testimony, Mortgage Crisis, Home News

WASHINGTON — Three months after the government seized control of Fannie Mae and Freddie Mac, lawmakers on Tuesday blamed former top executives a...

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Save the Jeep; Save the Nation

Leo W. Gerard | Posted 03.25.2009 | Business

Read More: Citigroup, Washington Mutual, Gm, Economy, United Auto Workers, Sen. Harry Reed, Ford, Mitt Romney, Fannie Mae, Credit Default Swaps, Congress, Collateralized Debt Obligations, Big Three, Aig, Chrysler, Freddie Mac, Wall Street, Lehman Brothers, New York Museum of Modern Art, Jeep, Uaw, World War II, Capitol, Senate Majority Leader, Willys-Overland, Detroit Bailout, Automakers, Bailout, Automaker Bailout, The Big 3, Detroit Bailout Reaction, Detroit, Big Three Automakers, Detroit Three, Detroit Automakers, Cars, Chysler, Auto Industry, Bailout Outrage, Business News

Congress cannot let the Jeep die in bankruptcy. Congress must not fail the U.S. auto industry. Doing so would be abandoning the core of the American economy -- manufacturing.

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Paulson Policy Failures

Alan Schram | Posted 03.26.2009 | Business

Read More: Citigroup, John Thain, Market Crash, Credit Crunch, Fannie Mae, Hedge Funds, Libor, S&P 500, Dollar, Fdic, Money Market Funds, Merrill Lynch, Aig, Freddie Mac, Wall Street, Bailout, Financial Services, Lehman Brothers, Business News, Banks, Financial Crisis, Henry Paulson, Warren Buffett, Bear Stearns, Bank Deposits, Subprime Mortgages, Saving Money, Dow, Bailout Outrage, Business News

The Treasury's policy did nothing to build confidence or stabilize the markets. The precipitous drop of the equity markets in October and November are the market's judgment on their policies.

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Fannie Mae, Freddie Mac Halting Foreclosures During Holidays

AP | ALAN ZIBEL | Posted 12.21.2008 | Business

Read More: Freddie Mac, David Moffett, Freddie Mac Foreclosures, Fannie Mae, Housing Crisis, Fannie Mae Foreclosures, Business News

WASHINGTON — Mortgage finance companies Fannie Mae and Freddie Mac are suspending foreclosures for about 16,000 households during the holiday se...

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10 Financial Bromides I Never Want to Hear Again

Jim Randel | Posted 12.18.2008 | Business

Read More: Fannie Mae, Investing, Financial Crisis, Investing Advice, Economy, Housing Crisis, Business News

One good thing (perhaps the only good thing) coming out of the current financial meltdown is that I no longer have to listen to the self-serving hy...

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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

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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Lobbyists Are Good People, Too

Lanny Davis | Posted 12.18.2008 | Business

Read More: Freddie Mac, Good Lobbyists, Lobbying, Lobbyists, Transparent Lobbyists, Financial Crisis, Girl Scouts of America, Fannie Mae, American Cancer Society, Business News

Without lobbyists, government could not function efficiently and perhaps not at all, going all the way back to George Washington.

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Fannie and Freddie Offer Thin Lifeline to Homeowners

Mark Winston Griffith | Posted 12.13.2008 | Business

Read More: Housing Crisis, Fannie Mae, Financial Crisis, Homeowners, Subprime Mortgages, Freddie Mac, Subprime Mortgage Crisis, Business News

Think of it this way. The American homeowner is underwater and drowning, and Fannie and Freddie have just thrown in a spool of thread to pull them out.

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Critics say new federal mortgage plan not enough

AP | ALAN ZIBEL | Posted 03.26.2009 | Business

Read More: Homeowner Aid, Mortgages, Fha, Freddie Mac, Finance, Economy, Financial Crisis, Fannie Mae, Streamlined Modification Program, Mortgage Crisis, Bailout Outrage, Business News

WASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. ...

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Streamlined Modification Program: The New Homeowner Bailout From Fannie Mae And Freddie Mac

AP | ALAN ZIBEL | Posted 03.26.2009 | Business

Read More: Mortgages, Mortgage Crisis, Finance, Financial Crisis, Economy, Fannie Mae, Freddie Mac, Gses, Homeowner Aid, Homeowner Bailout, Bailout, Streamlined Modification Program, Bailout Outrage, Business News

WASHINGTON — Once again, the government has offered another plan to help troubled homeowners. Once again, critics say it doesn't go far enough. ...

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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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McClatchy Bluntly Shoots Down Fannie/Freddie Myths

HuffingtonPost.com | Jason Linkins | Posted 11.13.2008 | Politics

Read More: Freddie Mac, Media Criticism, Fannie Mae, Mcclatchy, Media Honor Roll, Politics News

One gets so inured to the silly way of doing business in the media, where the obsessive need to "balance" the scales on any given topic has overwhelme...

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What Is A CDS, Or Credit Default Swap?

CNN | Nicholas Varchaver and Katie Benner | Posted 11.10.2008 | Business

Read More: Fortune 500, Morgan Stanley, Wall Street Crisis, Economic Crisis, Trillion, Financial Crisis, Fannie Mae, Bear Stearns, Credit Default Swaps, Business, Fortune Magazine, What Is a Credit Default Swap, What Is a CDS, Business News

If Hieronymus Bosch were alive today to paint a triptych called "The Garden of Mortgage Delights," we'd recognize most of the characters in the baccha...

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What Letter was McCain Referring To?

ProPublica | Posted 11.09.2008 | Politics

Read More: Fannie Mae, John McCain, Freddie Mac, Subprime Mortgage Crisis, Barack Obama, Politics News

Sen. McCain said at the debate that he had written a letter "warning of exactly this crisis." As far as we can tell, this was the first reference McCain has made of such a letter, and we couldn't find it.

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Wagging the Dog With Fannie Mae: Republicans Explain the Financial Crisis With Racist Mythology

David Fiderer | Posted 11.09.2008 | Business

Read More: U.S. Economy, Hank Paulson, George Will, Subprime Mortgage Crisis, Barney Frank, McCain Campaign, Mortgage Crisis, Fannie Mae, Federal Reserve, Business News

Into a void of understanding, Republicans have sought to absolve themselves of blame with a racist mythology that has gone viral.

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McCain Debate Questioner: "I Actually Did" Know Fannie

MSNBC | Posted 11.09.2008 | Politics

Read More: Fannie Mae, Wall Street Crisis, Presidential Debates, John McCain, Oliver Clark, Politics News

I tried to get in touch via Facebook with Oliver Clark, the man who McCain said probably didn't know what Fannie Mae was before the financial crisis (...

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Credit Crisis: How Did We Get Here?

Alan Schram | Posted 11.08.2008 | Business

Read More: Fannie Mae, Aig, Credit Crisis, Wall Street Crisis, Bailout, Wall Street, Lehman Brothers, Business News

This is a clear case of management's greed and stupidity, but the blame also lies with homeowners, who wanted bigger homes than they could afford, and were happy to overpay for them and over-borrow to finance them.

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Worse Than "That One"

Cenk Uygur | Posted 11.07.2008 | Politics

For me, the more worrisome moment of the debate came when McCain told a young, black questioner, "You've probably never heard of Fannie Mae."

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Financial Crisis Bailout Riddled With Conflicts of Interest

Raymond J. Learsy | Posted 11.06.2008 | Business

Read More: Wall Street Crisis, Freddie Mac, Hank Paulson, Wall Street, Bloomberg, Fannie Mae, Pimco, Bailout, Bill Gross, New York Times, William H. Gross, Business News

The people with the same rapacious mindset that got us to this dangerous place at huge profit to themselves are now being asked by Paulson to serve themselves up to another helping.

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