Posts Tagged ‘Fannie Mae’


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Does Fannie Mae “Need” Another Bailout?


Monday February 22nd, 2016   •   Posted by Craig Eyermann at 5:52am PST   •   1 Comment

Do you remember Fannie Mae? Or rather, the Federal National Mortgage Association, the government-supported enterprise which was bailed out and taken over by the U.S. Treasury Department back on September 7, 2008? If not, ProPublica summarizes what happened to the government-backed corporation at that time: On Sep. 7, 2008, the government took over Fannie…
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When Shrinkage Means Expansion


Monday December 3rd, 2012   •   Posted by K. Lloyd Billingsley at 9:33am PST   •   0 Comments

The election is over and as the nation advances toward the “fiscal cliff” many assume that the mortgage and financial crises are over. Some review is clearly in order. In September 2008 the federal government took over the mortgage giants Fannie Mae and Freddie Mac. During the 2012 election campaign, the U.S. Treasury Department…
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Freddie Mac Wants a Bailout of $6 Billion More


Thursday November 3rd, 2011   •   Posted by David Theroux at 10:31pm PDT   •   1 Comment

Shahien Nasiripour reports at The Financial Times in “Freddie Mac seeks further $6bn from taxpayers” that: Freddie Mac, the US-controlled mortgage financier, has requested an additional $6bn from US taxpayers, following a $4.4bn third-quarter loss, the company’s worst three-month performance in more than a year. The home loan group said more homeowners were falling…
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Fannie Mae Seeks $8.5 Billion More in Taxpayer Bailouts


Friday May 6th, 2011   •   Posted by David Theroux at 6:00pm PDT   •   3 Comments

Corbett Daly at Reuters reports that having lost another $8.7 billion in the first quarter of 2011, Fannie Mae is now seeking another $8.5 billion in bailout funding from taxpayers, in addition to the $100 billion already received since Barack Obama became president. Mortgage finance giant Fannie Mae on Friday said it would ask…
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Obama’s Bailout of Fannie Mae and Freddie Mac: $153 Billion and Counting


Saturday February 12th, 2011   •   Posted by David Theroux at 1:15pm PST   •   4 Comments

Central to the federal government’s creation of the sub-prime mortgage bubble and the subsequent economic collapse and recession, Fannie Mae and Freddie Mac (“government-sponsored enterprises” or GSEs) are now the target of a massive new bailout by the Obama administration of $153 billion and counting, all in the name of winding these agencies down….
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Former House Majority Leader Dick Armey: Cut Federal Spending by Scrapping Federal Programs


Thursday January 20th, 2011   •   Posted by David Theroux at 10:13pm PST   •   0 Comments

In a January 19th article in the Wall Street Journal, “What Congress Should Cut,” former U.S. House Majority Leader Dick Armey and FreedomWorks President Matt Kibbe propose abolishing “the Departments of Commerce and Housing and Urban Development, end farm subsidies, and end urban mass transit grants, for starters.” The primary economic challenge today is…
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U.S. Government Liabilities Leaped $2 Trillion in Fiscal 2010


Tuesday December 21st, 2010   •   Posted by David Theroux at 5:48pm PST   •   0 Comments

In an article from Reuters, David Lawder reports that a new U.S. Treasury report of cash holdings, “The Financial Report of the United States,” shows that the U.S. government went into greater debt in fiscal year 2010 to the tune of additional $2 trillion. Unfortunately, the report does not include the massive land, minerals,…
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Private Investment vs. Government Spending in the Recession


Sunday September 26th, 2010   •   Posted by David Theroux at 5:58am PDT   •   1 Comment

Independent Institute Senior Fellow Robert Higgs examines the serious problem of “regime uncertainty” being created by the feasting of federal spending programs starving (crowding out) the private investment needed for recovery from the recession: “Private saving and investment are the heart and soul of the dynamic market process. Together they provide and allocate the…
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