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30 Sep 2008, 5:44 pm
Such was in sharp contrast to the Fannie Mae and Freddie Mac bailout, which were deliberated by and authorized by Congress well in advance of the actual need. [read post]
30 Sep 2008, 4:08 pm
It's pure speculation, but I think AIG is more likely to get Enronized than Lehman, and I suspect that Congress, quite hypocritically, will be baying for a little blood from Fannie and Freddie. [read post]
30 Sep 2008, 3:31 pm
Other provisions of the life saver include, (1) FHA, Fannie Mae and Freddie Mac loan limits will be capped at $625,000 - more than a 50 percent increase over the previous conforming loan limit; (2) $4 billion dollars in grant money will be available to communities to purchase distressed properties and rehabilitate them for resale; (3) the government can infuse capital or buy into Fannie Mae and Freddie Mac; (4) First-time homebuyers will receive a refundable tax credit, almost an… [read post]
30 Sep 2008, 3:05 pm
This gave banks and mortgage companies another outlet, in addition to Fannie and Freddie, to sell the loans which means they could write even more. [read post]
30 Sep 2008, 2:34 pm
  Nonetheless, here's some of the latest on the criminal side: The FBI has announced it is investigating Fannie Mae, Freddie Mac, AIG, and Lehman for fraud. [read post]
30 Sep 2008, 1:22 pm
Time and time again, Frank insisted that Fannie Mae and Freddie Mac were in good shape. [read post]
30 Sep 2008, 12:47 pm
Oh, then there is that failed oversight of Fannie Mae/Freddie Mac, but we won't talk about that.REally, the blame has to fall on those commercial entities who seemed to think it was a good idea to lend money to people with bad or no credit and no ability to pay the mortgage back. [read post]
30 Sep 2008, 7:03 am
There is no end of videos of leading Democrats praising Fannie Mae and Freddie Mac's stability, of their performance, defending the leaders (most notably Franklin Raines and Jim Johnson), and thoroughly denouncing and scuttling numerous attempts to head off the problems that have started to come to a head in the past month or so. [read post]
30 Sep 2008, 3:36 am
The very last report outlines legislation over the years, a very interesting read.On Housing Finance, the Difference between Democrats and Republicans Has Been Night and DayThe Truth about the Community Reinvestment Act*** The Truth versus the Republicans on the Regulation of Subprime Mortgages and Fannie Mae and Freddie MaceAdvocateSex Offender Issues, Research and the Truth from eAdvocate [read post]
30 Sep 2008, 1:11 am
  Fannie Mae, Freddie Mac, Merrill, Lehman, Wachovia, Wamu, and even some European banks have fallen… and those are just the national/ global banks…. and like the Bush Administration’s response to hurricane Katrina, the US administration’s efforts to deal with the situation has been late, lacking, and will lead to a lot of misery that could have been avoided had a proper response been taken from Day 1 (2 years ago). so now…I am… [read post]
29 Sep 2008, 11:03 pm
MORE FANNIE AND FREDDIE HISTORY: "Holmes had it right in 1999. [read post]
29 Sep 2008, 10:25 pm
  But that bad news is based on results as of June 30, 2008, well before the takeover of Freddie and Fannie, the bailout of AIG, the disappearance of WaMu and Wachovia and Merrill, and the bankruptcy of Lehman, not to mention the failure of the Congressional rescue plan, all of which portends even worse carnage to come. [read post]
29 Sep 2008, 7:38 pm
The movement's biggest victory, of course, came when Fannie Mae and Freddie Mac began buying up the riskier loans - providing fresh incentive for banks to make even more of them. [read post]
29 Sep 2008, 5:06 pm
After all, the seizure of Fannie and Freddie, the takeovers of AIG and WaMu, the modified Paulson plan â€â [read post]
29 Sep 2008, 3:04 pm
A Federal Stability Oversight Board comprised of the chair of the Fed, SEC, HUD Secretary, Treasury Secretary, and Director of the new Federal Housing Finance Agency (which oversees Fannie, Freddie and the Federal Home Loan Banks) would be created along with a separate congressional oversight authority comprised of five independent outside experts chosen by the House and Senate leadership of both parties. [read post]
29 Sep 2008, 1:53 pm
The pace of filings began to pick up after the U.S. government took over mortgage giants Freddie Mac and Fannie Mae on Sept. 7. [read post]
29 Sep 2008, 10:46 am
9-29-2008:Click pic to go to HFSC websiteA few additional, and interesting, reports from the House Financial Services Committee (HFSC) website:On Housing Finance, the Difference between Democrats and Republicans Has Been Night and DayThe Truth about the Community Reinvestment ActThe Truth versus the Republicans on the Regulation of Subprime Mortgages and Fannie Mae and Freddie MacI will add these to the main page I sent out earlier.eAdvocateSex Offender Issues, Research and the Truth from… [read post]
29 Sep 2008, 8:42 am
September 2008 will be remembered as an extraordinary month in the history of financial markets: It started with the federal government’s decision to take over Fannie Mae and Freddie Mac (September 5). [read post]
29 Sep 2008, 3:24 am
Well, Biden, McCain was in 2003 trying to curb Fannie Mae and Freddie Mac and cut back the pressure from the CRA, that's where he was. [read post]
28 Sep 2008, 11:18 pm
But long ago in all this, Wall Street, with Frank, Schumer, Dodd, et al., in train, along with the executives of Freddie and Fannie, switched from risk taking to rent seeking. [read post]