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Obama Chief of Staff Was Director Of Freddie Mac During Scandal
Obama's Chief of Staff Pick a Freddie Mac Alum - Will the Media Notice? or Care? " He’s President-elect Barack Obama’s new chief of staff, according to various Nov. 6 media reports, but Rep. Rahm Emanuel,...
They Did It On Purpose: The Housing Bubble & Its Crash were Engineered by the...
During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past.When George W. Bush was named president by the Supreme Court in December 2000, the stock... US Treasury and Federal Reserve involved in Mortgage-Securities Fraud?
I discovered Solari and Solari circles a few years ago. The founder, Catherine Austin Fitts, is an investment adviser, a former Assistant Secretary for Housing-Federal Housing Commissioner (HUD), and investment banker. The following excerpt is some of her shocking discoveries... Democrats want homeowner relief as part of bailout plan
The US government's corporate bailout plan will cost taxpayers hundreds of millions, if not trillions, of dollars, calling some Democrats to ask the obvious; will a similar aid plan be put in place for bankrupt... 247 views | 3 comments | 12 recommendations
McCain speaks out against government bailouts
Republican presidential candidate John McCain spoke out against the mass government bailouts being given to crumbling financial sector companies, in a speech given Friday, at a Republican rally in Minnesota.McCain... 201 views | 3 comments | 20 recommendations
Obama gets big Bucks from Fannie Mae/Freddie Mac
Obama calling himself an outsider and agent of change has CEO of Freddie Mac on his Pay Role. The fact is that he has received over 500,000 dollars from folks within Fannie Mae/Freddie Mac. Some of...3096 views | 11 comments | 8 recommendations
Why the Financial Meltdown Reflects the Fundamental Failure of the Bush-McCai...
"The financial meltdown on Wall Street is more than a cyclic correction brought on by a mismanaged business cycle. It is emblematic of a problem at the very foundation of the right wing economic philosophy that...Senate to Fannie, Freddie: Freeze Foreclosures!
"This week, several mortgage companies were placed under the control of government-backed enterprises Fannie Mae and Freddie Mac. And to provide the troubled borrowers with immediate relief, the Senate Banking... No golden handshakes for Fannie Mae and Freddie Mac execs
There will be no golden handshakes for the outgoing executives of struggling mortgage houses Fannie Mae and Freddie Mac, the Federal Housing Finance Agency announced Monday. Under the terms of their employment... The United Socialist States of America
With the US Treasury Department's purchase of Fanny and Freddie, the fading facade of capitalism has finally been torn away in the USA and the unmasked visage revealed is one that appears uncannily like an older,... The Crash of Western Capitalist Civilization?
It is rare in economic and political journalism today for an author to analyze more than one issue at a time, or to attempt to assist us in gaining some understanding of how that singular issue, rather than existing... Q&A: Stanford financial economist Darrell Duffie discusses government takeove...
Since the government announced its takeover plan of Fannie Mae and Freddie Mac, stock markets in the United States and around the world have rallied and mortgage rates have dropped. But the latest turn in the credit...178 views | 0 comments | 0 recommendations
US budget deficit seen at $438bn
According to the latest Capitol Hill estimates, the US government will run a near-record deficit of $407 billion this year. However the actual figure is likely to be much larger than this, because it is not taking into account the recent bailout of the nation's two biggest...90 views | 2 comments | 4 recommendations
Inflation will follow Freddie Mac and Fannie Mae bail out « Peter J. Cooper...
" Yet we should all be relieved at one level: the US has chosen to go down the path of 1970s style inflation, rather than 1930s style deflation. The alternative route of letting banks fail produced the Great Depression of the 1930s and nobody wants to make that mistake again."266 views | 0 comments | 0 recommendations
Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE)
Dr. Dan Seiver, professor of finance at San Diego State University and the publisher of the padsystemreport.com website. Ann Lee, finance professor at Pace University's Lubin School of Business in New York.
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