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Joe Weisenthal Business Insider 3/21/2012 It’s hard not to think it’s a big deal when a branch of the Federal Reserve system calls for the breakup of major American banks. The bank has just released its annual report, and the title of the letter is: Choosing the Road to Prosperity Why We Must End Too […] March 24th, 2012 | Tags: "too big to fail", bailouts, Dodd-Frank Wall Street Reform and Consumer Protection Act, federal debt, Federal Reserve Bank of Dallas, Great Recession, Harvey Rosenblum, mortgages, Richard Fisher | Category: Banking and finance, Economy, Fannie Mae, Federal Reserve, Freddie Mac, TARP, Texas | Comments are closed
Susan Jones CNSNews.com 3/5/2012 President Obama could — and should — do more to help the 12-million homeowners struggling to pay their mortgages, a liberal activist group says. MoveOn.org is pressing Obama to replace Ed DeMarco, the man President Bush appointed to oversee Fannie Mae and Freddie Mac, which hold a majority of U.S. homeowners’ […] March 6th, 2012 | Tags: 'social justice', Ed DeMarco, mortgages, MoveOn.org, personal responsibility, President George W. Bush | Category: Banking and finance, Barack Obama, Fannie Mae, Freddie Mac, George Soros, TARP, Taxes | Comments are closed
Administration pushes another risky bailout scheme for homeowners The Washington Times 2/6/2012 Though Fannie Mae and Freddie Mac sparked the housing collapse that crippled the economy, President Obama now wants them to play an even greater role. The president on Wednesday announced his “blueprint for an America built to last,” which would have the government-backed […] February 10th, 2012 | Tags: class warfare, federal subsidies, mortgages | Category: Banking and finance, Barack Obama, Congress, corruption, Elections, Fannie Mae, Freddie Mac, Politics | Comments are closed
Clea Benson and Lorraine Woellert Bloomberg 12/28/2011 Washington lawmakers, who began 2011 with sweeping plans to shrink the U.S. government’s role in mortgage finance, are heading into 2012 after enacting policies that expand it. An 11th-hour payroll tax cut extension signed into law last week will for the first time divert funds directly from Fannie […] December 29th, 2011 | Tags: guarantee fees, mortgage fees, mortgage insurance | Category: banking regulations, Congress, Fannie Mae, Federal Housing Administration, Federal spending, Freddie Mac, legislation, Taxes, Treasury Department | Comments are closed
Tyler Durden Zero Hedge 12/21/2011 Just the headlines for now: EXISTING U.S. HOME SALES REVISED DOWN BY 14% FROM 2007-2010 EXISTING HOME SALES REVISED DOWN BY 15% IN 2010 TO 4.19 MLN Thank you NAR for proving what everyone knew: that the US housing market is one big lie. And next: here come the historical […] December 21st, 2011 | Tags: foreclosures, GDP, housing bubble, housing crisis, mortgages, pending supply, real estate | Category: Banking and finance, Economy, Fannie Mae, Freddie Mac | Comments are closed
Derek Kravitz Associated Press via Courier-Journal 12/16/2011 WASHINGTON — Two former CEOs at mortgage giants Fannie Mae and Freddie Mac on Friday became the highest-profile individuals to be charged in connection with the 2008 financial crisis. In a lawsuit filed in New York, the Securities and Exchange Commission brought civil fraud charges against six former […] December 16th, 2011 | Tags: Daniel Mudd, housing crisis, mortgages, Richard Syron | Category: Banking and finance, corruption, Department of Justice, Fannie Mae, Freddie Mac, SEC | Comments are closed
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