Fannie Mae

Bailouts, CDS Defaults, and DeJa Vu

admin_huliq — Tue, 09 Sep 2008 11:57:17 -0500

The historic bailout of Fannie and Freddie by the US Treasury turned out to be only one story in a very interesting and volatile trading day yesterday. The repercussions of the Treasury's action will be weighed for some time, however, the tightening of mortgage bond spreads seems to be the most positive immediate benefit of the plan.

Fannie Mae and Freddie Mac Placed Into Conservatorship

jredz — Mon, 08 Sep 2008 23:54:33 -0500

Secretary Henry Paulson and FHFA Director James Lockhart, on September 07 2008, announced the official government takeover of mortgage giants Fannie Mae and Freddie Mac. The takeover comes as the mortgage industry continues to deteriorate due to tightening credit standards and the continued downturn in home values.

US Is Stiffing China One Trillion Dollars!

ElaineMeinelSupkis — Sat, 06 Sep 2008 18:25:08 -0500

Looking to the future and planning to do the right thing is life and death. Yet we live in a country that does neither. On Friday, the other shoe fell off the cliff as Bush and his minions sneakily announced that Fannie Mae's investors are now getting $0.00 on their savings. All this money is being eliminated in order to 'save' US house buyers and bankers who did very, very foolish, stupid things when the sun was shining.

Can Treasury Take Over Fannie Mae And Freddie Mac?

erku — Sat, 06 Sep 2008 10:40:52 -0500

The short answer whether Treasury Department can take over Freddie Mac and Fannie Mae is: “yes”, initially the government can do whatever they want to do. The long answer is “no”, it’s not that easy.

Fannie Mae, Freddie Mac Bailout Close At Hand

erku — Sat, 06 Sep 2008 10:29:15 -0500

The Wall Street Journal is reporting Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie.

Medvedev To Washington: Take Care of Fannie Mae and Freddi Mac

erku — Thu, 28 Aug 2008 11:57:59 -0500

''We would appreciate if our US partners were more engaged in strengthening their own economy instead of sorting out international relationships,'' said President of Russia Dmitry Medvedev in an interview to Al Jazeera TV Channel on Aug 26.

Fannie Mae Cuts Dividend After More Lossses

admin_huliq — Fri, 08 Aug 2008 20:53:45 -0500

Fannie Mae posted a net loss of $2.3 billion, excluding preferred dividend payments, and said it would slash its dividend by 85 percent.

If you wondered who the Fannie bail out was for, wonder no more

admin_huliq — Tue, 05 Aug 2008 12:52:04 -0500

I have said numerous times that the main reason for bailing out the mortgage giants Fannie Mae and Freddie Mac was not for the US homeowner but for the Chinese who have bought a huge portion of our mortgage backed debt.

Bush Signed The Housing Bill, Here is What It Means

admin_huliq — Wed, 30 Jul 2008 07:51:34 -0500

President Bush this morning signed the housing bill, some think it's a good news, some don't.

Paulson Pushes For Fannie Freddie Laws This Week

admin_huliq — Wed, 23 Jul 2008 08:19:13 -0500

Treasury Secretary Henry Paulson, is currently urging congress to pass legislation that will bolster Fannie Mae (FNM) and Freddie Mac (FRE). If his words are any indication, congress will actually pass laws this week that will ”provide a liquidity backstop and a capital backstop to the GSEs.”

Fannie Plan a "Disaster"

admin_huliq — Mon, 14 Jul 2008 10:43:03 -0500

That’s according to Jim Rogers, George Soros’ former fund manager, when asked his thoughts on the Fannie/Freddie bail out. Simply put, Hank Paulson and Ben Bernanke are bailing out their friends on Wall Street and passing the buck to 300 million American taxpayers.

Fannie and Freddie Bailout, SEC Crack Down on Rumors

admin_huliq — Mon, 14 Jul 2008 08:50:29 -0500

Treasury and Fed Promise Bailout for Fannie and Feddie, SEC Crack Down on Rumors. Bloomberg reports that US Stock-Index Futures Gain; Fannie Mae, Freddie Mac Advance.