Andrew Gordon at Investor’s Daily Edge responds to his readers’ comments about the U.S. housing crisis and the fate of Freddie Mac (NYSE:FRE) and Fannie Mae (NYSE:FNM). Banks, mortgage financers, lawyers, speculative buyers, no comes out looking good in this mess. How could such widescale deceit be allowed to happen? Naked greed, says Andrew…

Andrew Gordon in Investor’s Daily Edge says the Fannie Mae (NYSE:FNM) and Freddie Mac (NYSE:FRE) saga is more suited to a Hollywood script than the financial pages. Except, unlike the movies, it really is too late to save the lead roles. Andrew says the government is running out of alternatives to fully nationalizing both organisations…

The Democratic National Convention is in full swing. This puts the party’s nominee, Barack Obama, in the spotlight this week.

It’s well known that Obama will raise taxes if elected president. Many see this as a bad for investors.

Martin Hutchinson in Money Morning disagrees. He says the alternative to Obama’s proposed tax hikes is a far more dangerous scenario in the long run: a spiraling U.S. budget deficit. It is also likely that Obama would get rid of Ben Bernanke as head of the Fed and push interest rates higher…

Money Morning’s William Patalon III says comments by Ben Bernanke at the end of the week show he continues to prioritise economic growth over inflation. This means no rate hikes in the near future. But despite falling commodity prices, William says the threat of stagflation is growing…

It’s more than Freddie and Fannie, the US banking system is in trouble, $500 billion and counting. Yet another crisis confronts us, as we will have to deal with the aftermath of a rather large number of bank failures over the next year, which is likely to overwhelm the ability of the FDIC to insure your bank deposits.