Tags: Bloomberg + GAO + Ginnie Mae + Mortgages
It’s bad enough to think that there’s a some probability that Ginnie Mae can’t produce ownership records on some volume of its mortgages, but consider also that Ginnie Mae, the government agency who guarantees mortgage loans, just maybe be a ticking time bomb ready to implode from its bureaucratic sleep. According to the Bloomberg News article last Friday, February 22nd, numerous lenders […]
February 24, 2008 - Markets, Politics - 0 Comments
Tags: Economy + FDIC + GAO + Inflation + Markets + Treasury
Today Fed Chief Bernanke articulated both how and why investor confidence has been so severely shaken in the US financial markets—not just in the sub-prime mortgage market but also in the insured, high quality mortgage market as well as in money market funds. His speech was well-prepared and served as a sobering explanation of what has […]
January 10, 2008 - Economy - 0 Comments
Tags: Banks + credit crunch + Economy + FDIC + GAO + Green + Markets + Treasury
Bowing to the dictates of Wall Street, the US Fed has now twice cut the Federal Funds rate to demonstrate it is listening to the markets. But to SB such policy is one part…
December 18, 2007 - Economy - 0 Comments
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