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: Economy + Fannie Mae + Fed Discount window + financials + FNMA + Freddie Mac + Mortgage-backs + Treasury
The US economic picture by all accounts (except George Bush’s) is deteriorating with forecasts by that as many as 100 US banks may fail and that Stagflation is becoming an ever greater reality (stagnant growth accompanied by rising inflation). US investors concerned that Fannie Mae and Freddie Mac would not be able to manage […]
July 18, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Economy + Fannie Mae + FNMA + Ginnie Mae + Too big to fail + Treasury
Any day now Treasury will bail out Fannie Mae and perhaps Freddie Mac. Together these quasi-government entities guarantee or own an estimated $12 trillion in US mortgages. They are in other words too big to fail.
July 11, 2008 - Economy, Politics - 1 Comment
Recent Comments