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Fannie Mae

The FBI to the Rescue

ProPublica | Posted 10.25.2008 | Business

Read More: Fannie Mae, Financial Crisis, Operation Malicious Mortgage, American International Group, Freddie Mac, Lehman Brothers, Fbi, Wall Street Crisis, Business News
ProPublica

The FBI is probing four of the stricken companies at the center of the current financial crisis, but the reason for the haziness is abundantly clear: they don't seem to have a clear indication that a crime might have been committed.

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Bankers' Brains, Market Behavior

Peter A. Ubel | Posted 10.25.2008 | Business

Read More: Psychology, Markets, John McCain, Wall Street Crisis, Behavioral Psychology, Economics, Wall Street, Aig, Herd Instincts, Freddie Mac, Lehman Brothers, Fannie Mae, Business News
Peter A. Ubel

Rationally directed greed would never have led us to this financial crisis. People are not nearly as rational as the market evangelists in the Republican Party would have us think.

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Is the Gasbag Lying? Or is He Just Ignorant?

Jan Herman | Posted 10.25.2008 | Media

Read More: Liberal Media, Fannie Mae, John McCain, Freddie Mac, Steve Schmidt, Gasbag, Rick Davis, Media News
Jan Herman

When that salary ended, Davis asked for, and received, a consultant fee from Freddie Mac that payed him $15,000 a month.

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CNBC Giving Airtime to Bailout Winners

Raymond J. Learsy | Posted 10.25.2008 | Media

Read More: Fannie Mae, Cnbc, Pimco, Freddie Mac, Bil Gross, Bailout Plan, Warren Buffet, Bailout, Media News
Raymond J. Learsy

Question: will PIMCO CEO Bill Gross be asked exactly how the bailout will impact his fund's bond holdings, and to what degree of profit? Or will he simply be given free reign to lecture us about the stormy seas ahead?

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Fundamentally Wrong

Gerald McEntee | Posted 10.24.2008 | Politics

Read More: Say on Pay, John McCain, Executive Salaries, John McCain Lobbyist, Deregulation, Fannie Mae, Bailout, Wall Street, Mortgage Crisis, Great Depression, Wall Street Crisis, Politics News
Gerald McEntee

American families have already seen what unregulated corporate gurus can do, yet McCain wants the insurance industry to enjoy the same kind of unregulated excess that he gave the investment bankers.

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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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Senator McCain's Fannie Problem

Sunil Chacko | Posted 10.23.2008 | Business

Read More: John McCain, Robert Zoellick, Senator McCain, Congressional Subpoenas, Ceo, Jim Johnson, Senator Obama, McCain Campaign, Fannie Mae, Accounting Irregularities, Immunity, Advisor, John Huntsman Jr., George W. Bush, World Bank, Barack Obama, Paul Wolfowitz, World Trade Organization, Project for a New American Century, Wto, Business News
Sunil Chacko

Zoellick would have to comply with Congressional subpoenas to explain having headed the lobbying activities for Fannie Mae.

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Dear CEOs: Pay For Your Own Round of Golf

Andy Stern | Posted 10.23.2008 | Business

Read More: Aig, Freddie Mac, Wall Street, American Dream, Wall St Crisis, Ceos, Financial Crisis, Fannie Mae, Business News
Andy Stern

It's not enough to talk about foreclosures. It's not enough to acknowledge the impact on ordinary people without addressing the root cause of the crisis: basic inequality.

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The Bailout: The Bond Billionaires Piggybacking The American Taxpayer For Another Gilded Ride

Raymond J. Learsy | Posted 10.22.2008 | Business

Read More: Fannie Mae, Cnbc, New York Times, Freddie Mac, Wall Street Bailout, Pimco, Wall Street Journal, Wall Street Crisis, Business News
Raymond J. Learsy

As the outlines of the "bailout" package come into focus, initially limiting the bailout to redeeming assets from American institutions, the fine hand of the influence peddlers are already all over the program.

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Four Fannie Mae Execs Depart

AP | Posted 10.21.2008 | Business

Read More: Fannie Mae, Fannie Mae Execs, Fannie Mae Execs Depart, Business News

WASHINGTON — Mortgage finance giant Fannie Mae, taken over by the government earlier this month, announced Friday the resignations of four senio...

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McCain Appears Wrong on Fannie Mae

MSNC | Posted 10.20.2008 | Politics

Read More: Fannie Mae, John McCain, Politics News

On the campaign trail in Minnesota today, McCain incorrectly suggested that the executive pay that former Fannie Mae CEOs Frank Raines and Jim Johnson...

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When In Doubt, Yell "Fannie Mae"

David M. Abromowitz | Posted 10.20.2008 | Business

Read More: Deregulation, Financial Crisis, Fannie Mae, Mortgage Meltdown, Senate Republicans, Housing Crisis, Business News
David M. Abromowitz

Why do Republicans point to Fannie and Freddie when asked about the current housing crisis? Only to change the subject and point away from the inevitable outcome of pervasive underregulation.

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Sam Stein

Campaigns Go After Each Other's Economic Advisers

HuffingtonPost.com | Sam Stein | Posted 10.20.2008 | Politics

Read More: Freddie Mac, Fredrick Raines, Obama Aides, Phil Gramm, Carly Fiorina, Ad Advisers, Mccain Aides, John McCain Ad, Jim Johnson, Barack Obama Ad, Fannie Mae, Campaign Advisers, Politics News

The tussle between the campaigns over economic matters has turned into a back-and-forth over friends and advisers. On Friday morning, the McCain cam...

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Greed in the Economy: It's the Morality, Sinner

Jim Wallis | Posted 10.19.2008 | Business

Read More: Bear Stearns, Greed, Materialism, Investment Banks, Mortgage Backed Securities, Lehman Brothers, Fannie Mae, Business, Adjustable Rate Mortgages, Merrill Lynch, Aig, Freddie Mac, Wall Street, Subprime Lenders, Subprime Mortgage Crisis, Bible, Consumer Ethics, Sin, Housing, Ethics, Fannie Mae and Freddie Mac, James Carville, Capitalism, Economy, Religion, Lea, Business News
Jim Wallis

Our financial collapse is the fiscal consequence of the economic philosophy that markets are always good and government is always bad. But it is also the moral consequence of greed.

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But Is It A Recession?

Fortune | Geoff Colvin | Posted 10.19.2008 | Business

Read More: Freddie Mac, Wall Street Crisis, Fannie Mae, Banks, Personal Finance, Recession, Young Jeezy, Business News

(Fortune Magazine) -- The recession is no doubt hurting you, perhaps badly. Your sales may well be down. Maybe you've even lost your job. Whatever you...

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Socialism: Brought to You by the Republican Party

Donnie Fowler | Posted 10.18.2008 | Business

Read More: Aig, John McCain, Bear Stearns Bailout, Economy, George W. Bush, Fannie Mae, Socialism, Capitalism, Barack Obama, Business News
Donnie Fowler

Why won't anyone (anyone!) among our nation's leaders call this government bailout business what it is -- corporate socialism?

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The Financial Re-Regulation Agenda

Robert Weissman | Posted 10.18.2008 | Business

Read More: Fannie Mae, Aig, Financial Crisis, Freddie Mac, Wall Street, Lehman Brothers, Economy, Glass-Steagall, Business News
Robert Weissman

If the Fed and Treasury succeed in controlling the situation and avoiding a collapse of the global financial system, then it is a near certainty that Big Finance will rally itself to oppose new regulatory standards.

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Total Bailout Bill = $900 Billion

Hale "Bonddad" Stewart | Posted 10.18.2008 | Politics

Read More: Economy, Aig, Fannie Mae, Financial Crisis, Bear Stearns, Economic Crisis, Bailouts, Politics News
Hale

Think about that for a minute. $900 billion dollars, racked-up before your very eyes. This at a time when the federal government is already bleeding money.

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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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George Bush Becomes a Socialist

Cenk Uygur | Posted 10.17.2008 | Politics

Read More: George Bush, Bear Stearns, Government Bailout, Freddie Mac, Insurance, Communist, George W. Bush, Aig, Fannie Mae, Nationalizing Industries, Socialist, Health Insurance, Deregulation, Politics News
Cenk Uygur

What happened, I thought the government was unnecessary? I thought "unfettered" markets would do their magic if you just deregulated them. Why are you fettering?

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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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CNBC's Fawning Coverage Helping Bond Billionaires Fleece Main Street

Raymond J. Learsy | Posted 10.16.2008 | Business

Read More: Hurricane Gustav, Goldman Sachs, Cnbc, Nazis, Hank Paulson, Freddie Mac, New York Sun, Bill Gross, Federal Reserve, Fannie Mae, Pimco, Wall Street Journal, Allianz, Nyjets, Nygiants, Business News
Raymond J. Learsy

No matter the cost, no matter the damage to the public weal, there are always some who through access and sheer financial wherewithal will turn a national disaster to profitable gain.

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Truth is, We're Screwed (Video)

Charles Karel Bouley | Posted 10.15.2008 | Politics

Read More: 2008 Election, Economy, Fannie Mae, Fannie Mae Freddie Mac Bailout, Lehman Brothers, Recession, Politics News
Charles Karel Bouley

Not one person on the campaign trail can really say what is becoming painfully clear: for the near future, for the next decade or so, we're all screwed.

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We, The People, Should Run Freddie Mac and Fannie Mae

Jonathan Tasini | Posted 10.12.2008 | Business

Read More: 2008 Elections, Fannie Mae, Freddie Mac, Housing Crisis, Fannie Mae Bailout, Business News
Jonathan Tasini

Since we are now on the hook for hundreds of billions of dollars to bail out Freddie Mac and Fannie Mae the management of those two institutions should now be handed over to the public.

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McCain Decries Fannie And Freddie Lobbyists, Ignoring Ones He Hired

Mother Jones | Posted 10.11.2008 | Politics

Read More: Freddie Mac, Rick Davis, Fannie and Freddie, McCain Lobbyists, Mortgage Lenders, Rick Davis Fannie Mae, Mccain Fannie Mae, Mccain Campaign Lobbyists, Fannie Mae, Politics News

John McCain railed against Fannie Mae and Freddie Mac on the campaign trail today, saying that the CEOs that led the lenders to ruin "deserve nothing"...

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