Tags: Bailout + Economy + Fannie Mae + Fed + GNMA + investing + Treasury
Wouldn’t you think that in all the hearings before Congress somehow we would hear mention of the Government National Mortgage Association (GNMA), the mortgage behemoth that is a direct obligation of the US Government? After all GNMA guarantees only moderate income and Sub-prime loans and these are the mortgages with the highest loan default rates. [...]
September 29, 2008 - Economy, Markets, Politics - 0 Comments
Tags: 2008 Election + Bailout + Deficit + Fannie Mae + Ginnie Mae + Treasury + US Dollar
Federal Reserve Chairman Bernanke and Treasury Secretary Paulson have proposed what they say is a comprehensive bailout plan that promises to restore the US financial system to health.
A key component of their plan is to overpay for US banking assets with hopes that down the road, time will bail us out when the crisis passes [...]
September 25, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bail out + Economy + Fed + financials + Ginnie Mae + GNMA + obama + Paulson + Taxes + Treasury
These are extraordinary times for the US financial system and consequently there is a lot of rant, blame, and criticism going around. Whether the American taxpayer likes it or not they are now the stop-gap guarantor for the final tab of the last decade of excess.
September 24, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bail out + Economy + Fed + investing + Paulson + Private Equity + Treasury
Question: Why don’t we run a public auction and let Private Equity Firms and whoever bid for the debt the treasury wants to buy?
September 23, 2008 - Economy, Politics - 0 Comments
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