Tags: Congress + elections + Fannie Mae + FNMA + Freddie Mac + Ginnie Mae + GNMA + Gold + Inflation + Paulson + Treasury + wall street + Washington
The “adequately capitalized” Fannie Mae and Freddie Mac were placed in conservator-ship this weekend by the US Treasury. Under the terms of the takeover, the government took a subordinated position behind the mortgage-backed and senior debt holders, received a
September 8, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bush + Economy + elections + investing + obama + subprime + Taxes + Treasury
“You buy lots in Los Angeles with the same frequency you would newspapers in other towns. After buying it, you put it back in the hands of the agents again, for don’t think you are going to get away with that lot. It has to be sold three or four times that day.
Why, every lot […]
June 7, 2008 - Economy, Politics - 1 Comment
Tags: Buffet + elections + investing + Markets + monoline insurers Ginnie Mae
Warren Buffet announced his willingness to act as a re-insurer of municipal bond credit risk. So far monoline insurers have given his General Re reinsurance firm a polite, no thank you. Buffet made it clear he had no interest in the exotics. Perhaps he would consider re-insuring Ginnie Mae?
The problem mysteriously ignored in the traditional press […]
February 13, 2008 - Economy, Politics - 0 Comments
Recent Comments