Government Plans Takeover Of Fannie Mae, Freddie Mac
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...
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...
Jon Raymond | Posted 09.01.2008 | Business
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...
AP | MARCY GORDON and ALAN ZIBEL | Posted 08.25.2008 | 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 ...
Max Fraad Wolff | Posted 08.25.2008 | Business
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.
Sheila Tendy | Posted 08.16.2008 | Business
Why are Fannie Mae and Freddie Mac, both government-sponsored and backed by taxpayer dollars, still publicly traded?
Fortune.com | Colin Barr | Posted 08.12.2008 | Business
Bill Miller is wagering Freddie Mac (FRE) will muddle through the mortgage crisis. Miller's Legg Mason Capital Management this summer boosted its stak...
Reuters | Posted 08.12.2008 | 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 ...
Jared Bernstein | Posted 08.10.2008 | Business
"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."
New York Times | TARA SIEGEL BERNARD | Posted 08.09.2008 | 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...
AP | J.W. ELPHINSTONE | Posted 08.06.2008 | Business
NEW YORK — Freddie Mac on Wednesday posted a second-quarter loss that was more than three-times larger than Wall Street expected as a huge numbe...
New York Times | Charles Duhigg | Posted 08.05.2008 | 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...
AP | RICHARD JACOBSEN | Posted 07.30.2008 | 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 ...
Dealbreaker | John Carney | Posted 07.28.2008 | Business
Over the weekend the Senate overwhelmingly passed a the mortgage bailout bill that includes a government rescue plan for mortgage finance giants Fanni...
Wall Street Journal | Jenny Strasburg, Kara Scannell and Randall Smith | Posted 07.28.2008 | 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...
Jared Bernstein | Posted 07.27.2008 | Politics
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.
Michael Pento | Posted 07.25.2008 | Business
Even those who espouse free market capitalism will try to abrogate the system for personal gain. And now Republicans want to extend the powers of the Fed and Treasury to bail out failing companies.
Charles Hillestad | Posted 07.25.2008 | Home
Does anyone still believe the GOP stands for financial security or conservatism? Isn't that just code for lining fat-cat pockets with our money? At what point does greed become a threat to national security?
Wall Street Journal | Bob Davis, Damian Paletta and Rebecca Smith | Posted 07.25.2008 | 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...
Alice Singleton | Posted 07.24.2008 | Business
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!"
Matthew Palevsky | Posted 07.24.2008 | Politics
AP | JULIE HIRSCHFELD DAVIS | Posted 07.23.2008 | Business
WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and prevent...
Michael Drucker | Posted 07.23.2008 | Business

Jim Randel | Posted 07.23.2008 | Business
Only when we increase the street smarts and financial literacy of our next generations will we prepare ourselves for future messes.
AP | JULIE HIRSCHFELD DAVIS | Posted 07.23.2008 | Business
WASHINGTON — Rescue legislation sailed through the House on Wednesday aimed at helping 400,000 strapped homeowners avoid foreclosure and prevent...
New York Times | David M. Herszenhorn | Posted 07.22.2008 | Business
WASHINGTON -- The proposed government rescue of the nation's two mortgage finance giants will appear on the federal budget as a $25 billion cost to ta...
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AP | ALAN ZIBEL | Posted 09.05.2008 | Business