The day is almost over for the market (thank goodness) and it seems that financal service investors are in panic mode again. The market is down over 250 points and some shares in financial services are down over 15%. What gives?
As we may soon find out, non-market based economic solutions, like the infamous SEC [...]
Freddie Mac's tag archives
Is the short covering rally over?
Jul
HBOS versus Freddie and Fannie
Jul
The U.S. House of Representatives has passed the housing bailout bill helping troubled mortgage borrowers, but also giving the U.S. Treasury Department a blank check to support Fannie Mae and Freddie Mac. The New York Times describes it this way:
Representative Barney Frank, Democrat of Massachusetts and a primary author of the legislation, [...]
12 views
Senator Bunning blasts Bernanke at Senate hearing
Jul
Senator Jim Bunning (R-KY) blasted Fed Chairman Ben Bernanke, who was giving the semiannual monetary policy report before the Senate Banking, Housing and Urban Affairs Committee today. His comments were the sharpest I heard throughout the hearing. The hearing is expected to be brief in order to make time for a later joint hearing with [...]
272 views
Moody’s Cuts GSE Preferred Stock Ratings
Jul
This is just a step en route to nationalization. We are seeing a spiral down that will mean the U.S. Government will eventually step in. These organizations will fail without government support and they are too big to fail.
Fannie Mae and Freddie Mac had their bank financial strength and preferred stock ratings cut [...]
Paulson Sunday Statement on Fannie and Freddie
Jul
From Bloomberg:
Paulson Statement on Freddie Mac, Fannie Mae: Full Text
July 13 (Bloomberg) — Following is the text of a statement issued today by Treasury Secretary Henry Paulson:
Fannie Mae and Freddie Mac play a central role in our housing finance system and must continue to [...]
Fannie, Freddie to get $15 Billion from U.S. government
Jul
The Times of London is reporting that Treasury Secretary Paulson is looking to infuse Fannie and Freddie with $15 billion to help alleviate market turmoil. However they cite no sources in doing so.
Moreover, the $75 billion offered by Lehman Brothers which started this crisis is much closer to the amount of capital needed by [...]
23 views
Fannie and Freddie: Washington Post articles back to 2005
Jul
For other posts on Fannie and Freddie see ‘GSE ‘ label.
Going forward, Fannie Mae and Freddie Mac are going to be much talked about in the news. Therefore, as a reference, I am providing a list of big Washington Post stories dating back to 2005 below. Fannie, Freddie rise after dive a [...]
Dean Baker: I saw this scenario in 2002
Jul
Dean Baker has been on record since at least 2002 as predicting both the mortgage bust and the Fannie-Freddie collapse.
“If housing prices fall back in line with the overall rate price level, as they have always done in the past, it will eliminate more than $2 trillion in paper wealth and considerably worsen [...]
44 views
Conservatorship of GSEs is bad for the dollar and inflation
Jul
I might have egg all over my face quicker than quick about my $150 oil call. It seems the Fannie-Freddie bailout chatter is spooking stock markets, currency markets and the oil market. This is going to be a volatile day.
The dollar dropped to a one-week low against the euro and headed for a [...]
Federal takeover of GSEs now in the works
Jul
As I said in an earlier post, taking over Fannie and Freddie has been the plan all along for the Bush Administration. They have been planning this since at least March. Coincidentally, I have confirming evidence now. The New York Times reports that they are unveiling this plan for a bailout now.
They are only doing [...]
14 views
Archives
Recent Posts
-
- Stop the madness now!
- Obama job approval now below 50%
- Morgan Stanley expects 10-year yields to rise 220 bps in 2010
- Largest U.S. refiner Valero now permanently shutting capacity
- News from around the web: 2009-11-20
- Bill Gross: "I think unemployment is here to stay"
- Ivy Zelman: “Home prices are going back down”
- Gross isn’t buying corporates, high yield or equities even with zero rates
- What would an alternative to bailouts have looked like?
- Tim Geithner defends himself before Congress
Recently Popular
- China’s empty city: the emperor really has no clothes
- Meredith Whitney: “I haven't been this bearish in a year”
- Roubini: For unemployment "the worst is yet to come"
- Gross isn’t buying corporates, high yield or equities even with zero rates
- China slams U.S. for inflating global asset prices via carry trade
- Barack Obama: “if we keep on adding to the debt… that could actually lead to a double-dip”
- Hong Kong: “America is doing exactly what Japan did last time”
- If this is recovery…
- I am now moving from multi-year recovery to a double dip baseline
- Steve Keen: Debt and the economy - how do we pay for all of this?
Most Viewed
- Credit Crisis Timeline
- Switzerland threatened with bankruptcy
- Letterman’s Top 10 George Bush moments
- Is the State of California bankrupt?
- The Dummy’s Guide to the US Banking Crisis
- Top ten predictions for the 2009 global economy
- Marc Faber: I advise every American to hold his gold outside of the United States
- Chart of the day: Dow 1928-1932
- The Swedish banking crisis response – a model for the future?
- Quantitative easing: printing money like mad to ward off deflation
- The recession is over but the depression has just begun
- About
- Byron Wien: Ten Surprises for 2009
- Lehman Brothers: a primer on Credit Default Swaps
- The top 25 European banks by assets
- The TED Spread
- Marc Faber: China’s numbers are fake
- Currency crisis is gathering storm
- Chart of the day: Total US Debt
- Citibank has cut all lending in Denmark
Resources
Translate
- Powered by Google Translate.
Polls
- Sorry, there are no polls available at the moment.






