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: Bank defaults + Deflation + Federal Reserve + Inflation + investing + subprime
The Federal Reserve cut interest rates once again by .25 basis points or 1/4 percent. This was expected by the financial markets and is seen as the last for the next several meetings unless things get worse.
The stock market rallied initially on the news but then sold off before the close when traders came to […]
May 1, 2008 - Economy, Markets - 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
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