Comments on: Foreign Bondholders – and not the U.S. Mortgage Market – Drove the Fannie/Freddie Bailout

By: George

George — Wed, 23 Sep 2009 14:26:58 +0000

Let’s see….An investment bank “makes” 10b year one, and pays out 1b in bonuses. Year two, it “makes” another 10b and pays out another 1b. Same thing year three. Year four, as a direct result of it’s (basically fraudulent) activities of the preceding three years, it looses 100b, and gets bailed out by the tax payers, and pays another 1b in bonuses?! I’m concerned that revolutions are born from this kind of stuff!

By: Special Report: How the Government is Setting Us Up for a Second Subprime Crisis

Special Report: How the Government is Setting Us Up for a Second Subprime Crisis — Wed, 23 Sep 2009 09:02:31 +0000

[...] forced into government conservatorship at the height of the financial crisis – ostensibly due to concerns that foreign central banks in China, Japan, Europe, the Middle East and Russia might…. As “government-sponsored enterprises,” or GSEs, Fannie and Freddie were only supposed [...]

By: How Over-Regulating Goldman Sachs Will Lead to Higher Oil and Commodity Prices

How Over-Regulating Goldman Sachs Will Lead to Higher Oil and Commodity Prices — Fri, 21 Aug 2009 13:17:27 +0000

[...] think back to what happened last year to mortgage giants Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE). It doesn’t take an [...]

By: Here's Why It's Time to Ban Credit Default Swaps

Here's Why It's Time to Ban Credit Default Swaps — Wed, 15 Jul 2009 10:49:24 +0000

[...] Citi, Fannie, and Freddie had gone bankrupt – as they would have done in a free market – and Goldman had lost the best part of $13 billion (which might well have sent it bankrupt [...]

By: Inside Wall Street: Does a Potential New Wall Street Pandemic Fester Underneath Apparent BlackRock Conflicts?

Thu, 04 Jun 2009 10:01:34 +0000

[...] know how well Freddie Mac is doing, now, with its burgeoning mortgage portfolios – it is technically insolvent. Three months before Lehman [...]

By: Although the Bailout Bill Was Rejected, It's No Time to Panic

Although the Bailout Bill Was Rejected, It's No Time to Panic — Mon, 30 Mar 2009 16:01:40 +0000

[...] Money Morning Special Investigative Report: Foreign Bondholders – and not the U.S. Mortgage Market – Drove the Fannie/Freddie Bailout. [...]

By: The Three Ways China May Deal With Growing U.S. Debt

The Three Ways China May Deal With Growing U.S. Debt — Wed, 25 Mar 2009 15:35:16 +0000

[...] The very possibility that China and other foreign countries would stop buying U.S. bonds already was enough to prompt the U.S. government to take control of foundering mortgage giants Fannie Mae an…. [...]

By: “Shadow Fed” Casts a Shadow Over the Solvency of the U.S. Banking System

“Shadow Fed” Casts a Shadow Over the Solvency of the U.S. Banking System — Tue, 17 Mar 2009 15:19:18 +0000

[...] on Sept. 7 – the day after then-U.S. Treasury Secretary Henry M. “Hank” Paulson Jr. announced the bailout of Fannie Mae and Freddie Mac – he quietly extended a secured line of credit to the FHLBs – [...]

By: Chinese Premier Announces New Spending Plan, Voices Concern Over U.S. Treasuries

Chinese Premier Announces New Spending Plan, Voices Concern Over U.S. Treasuries — Mon, 16 Mar 2009 09:39:12 +0000

[...] As Money Morning detailed in as investigative report last September, the very possibility that China and other foreign countries would stop buying U.S. bonds already was enough to prompt the U.S. government to take control of foundering mortgage giants Fannie Mae an…. [...]

By: Goldilocks, Gloom or Doom? Three Views of a U.S. Recovery

Goldilocks, Gloom or Doom? Three Views of a U.S. Recovery — Wed, 11 Mar 2009 12:30:39 +0000

[...] it owes so much to overseas investors and governments, the United States has already seen a growth in foreign influence over its affairs, as the Fannie Mae (FNM) and Freddie Mac (FRE) saga [...]