All Posts Tagged With: "Freddie Mac"
The Fall of the Giants
Back on the job…
USA Today was in a blue mood on Friday. The stock market fell more than 300 points the day before, after its reporter realized that falling commodity prices were not necessarily such good news.
“Investors fear that crashing…
9Sep2008 | Daily Reckoning | 0 comments | ContinuedNew Report Says Feds Growing Increasingly Likely to Recapitalize Fannie and Freddie
By availing itself of a new housing bill signed into law last month, the U.S. Treasury Department is growing increasingly likely to recapitalize Fannie Mae (FNM) and Freddie Mac (FRE) in the months to come – all on the taxpayer’s…
19Aug2008 | Money Morning | 0 comments | ContinuedWith Fannie/Freddie Bailout Plan, Treasury Secretary Paulson is Armed and Dangerous
With the nation’s financial infrastructure crumbling before our very eyes, the country’s top two economic policymakers made their way to Congress last week for an extraordinary episode of political theater.
Fannie Mae (FNM) and Freddie Mac (FRE), the quasi-government entities that form the…
25Jul2008 | Money Morning | 0 comments | ContinuedInside Wall Street: The Fannie Mae/Freddie Mac Bailout is Necessary - But Don’t Expect a Happy Ending
It’s the end of the “American Dream.” It’s the story of how the inevitable bailout of insolvent housing giants Fannie Mae (FNM) and Freddie Mac (FRE) - with the Federal Housing Administration soon to follow - will ultimately lead to such sorrowful…
15Jul2008 | Money Morning | 0 comments | ContinuedThe Dark Twins of Mortgage Finance
Think you’ve got trouble? Today is a public holiday in France. It marks the occasion when the mob rose up and broke into the Bastille, liberating a couple of half-wits and social deviants. It was only a small chimney fire…
15Jul2008 | Daily Reckoning | 0 comments | ContinuedCandlesticks Predict Rise in Fannie Mae Shares; but Who Will Buy?
Fannie Mae is a “Government-Sponsored Enterprise,” but even so, it is a private corporation whose shares are widely owned, principally by financial institutions. In recent months, the value of those shares has plummeted from a high of $70.57 in August 2007…
13Jul2008 | William Kurtz | 0 comments | ContinuedHuge, Stupid, and Probably Fatal
Americans came back from their Independence Day holiday…and found their Empire of Debt in worse shape than ever - $1.6 trillion in potential losses from the credit crunch!
Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM) are to America’s great empire what the East…
9Jul2008 | Daily Reckoning | 0 comments | Continued
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