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Friday, November 21st, 2008

Posts Tagged ‘ FAE ’

Political Corruption and the Rise and Fall of Fannie and Freddie

Jul 12th, 2008 | By Contrarian Profits | Category: Featured, Financial News

It has all the hallmarks of a political thriller: Washington lobbyists, political pressure and money… lots of money

Were, as The New York Times reports today, Fannie Mae (FNM) and Freddie Mac (FRE), which guarantee about $6 trillion dollars in US home loans, unduly “insulated” by Capitol Hill?

Did Congress make it implicit to the companies that any losses would be guarenteed with taxpayers’ hard-won cash?

Tags: Bill Bonner, C, credit crisis, Dan Denning, FAE, FRE, Mccain, Obama, subprime, US recession
Posted in Featured, Financial News | 1 Comment »

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