Tags: 2008 Election + Bailout + Fed + Federal Funds + GNMA + Interest Rates + investing + McCain + obama + Palin + Treasury
The financial makets are in turmoil following the $700 billion bailout passed by the US Congress. What happened is that the frank reality of the bailout debate raised the level of awareness about the actual size of the financial system’s problem and indeed raised questions about the amount necessary to fix it– for example, no mention was ever made of the Government […]
October 7, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bailout + Economy + Fannie Mae + Fed + GNMA + investing + Treasury
Wouldn’t you think that in all the hearings before Congress somehow we would hear mention of the Government National Mortgage Association (GNMA), the mortgage behemoth that is a direct obligation of the US Government? After all GNMA guarantees only moderate income and Sub-prime loans and these are the mortgages with the highest loan default rates. […]
September 29, 2008 - Economy, Markets, Politics - 0 Comments
Tags: Bail out + Economy + Fed + financials + Ginnie Mae + GNMA + obama + Paulson + Taxes + Treasury
These are extraordinary times for the US financial system and consequently there is a lot of rant, blame, and criticism going around. Whether the American taxpayer likes it or not they are now the stop-gap guarantor for the final tab of the last decade of excess.
September 24, 2008 - Economy, Markets, Politics - 0 Comments
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
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