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: 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.
Tags: Deficits + Economy + Ginnie Mae + GNMA + Housing Bill + Tax cuts
One would think that the Government National Mortgage Association (GNMA), a direct obligation of the US Treasury, would make the news since we have a financial crisis in the mortgage market and moderate income and sub-prime loans are what Ginnie Mae does. Yet the traditional media doesn’t (publicly) ask about it, nor does the Fed, the Treasury, the […]
June 24, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Congress + Federal Reserve + FINRA + Ginnie Mae + GNMA + investing + SEC
Dear Members of Congress,
You are undertaking the task of studying the current financial crisis with the objectives of strengthening regulation of the US financial system to encourage capital formation and to increase efficiency and order. Reportedly, first up is gathering facts and information to understand what happened in the
May 7, 2008 - Markets, Politics - 0 Comments
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