Tags: Fannie Mae + Fed + Fredie Mac + Ginnie Mae + Sallie Mae + Treasury
At the twilight of the receivership of Fannie Mae and Freddie Mac one can only wonder why the wait. The $5 trillion in mortgages guaranteed by these government sponsored entities consist of many “Liar” (stated income with no verification) or “Ninja” (no income no assets)
August 23, 2008 - Markets, Politics - 0 Comments
Tags: + Bush + Energy + Georgia + investing + NATO + Oil + Putin + Russia + South Ossetia
Geo-Politics is about power and and hegemony–when circumstances permit the nation with the advantage exercises its power to achieve domination. Following the collapse of the Soviet Union the new Bush Administration realized this was the American moment. And with that realization American foreign policy was remade from something to idealize into something to despise without legitimacy. It began with overt efforts to co-opt […]
August 10, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Economy + Greenspan + housing + loan defaults + sub prime + Treasury + wall street
The US has done it this time–syndicated a global financial crisis through the export of sub-prime loans. But for all of Wall Street’s shamelessness and former Fed Chairman Greenspan’s chutzpah to counsel the US Congress to permit unbridled derivative contract sales so banks could “offload risk,” aren’t investors somewhat to blame?
August 2, 2008 - Markets, Politics - 0 Comments
Tags: Barney Frank + Economy + Fannie Mae + Foreclosures + Freddie Mac + housing
Congress is at the threshold of passing a new bill to bailout Fannie Mae and Freddie Mac—two publicly traded (shareholder owned) mortgage companies that have access to cheap money from Treasury to guarantee pools of mortgage loans so that they can be resold to investors
July 25, 2008 - Economy, Markets, Politics - 0 Comments
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