Tag Archives: Freddie Mac

Senate Votes on Financial Regulation Amendments

Any time anything passes in the Senate by a vote of 96–0 I’m suspicious. Those numbers are usually reserved for meaningless proclamations declaring ‘National Be Kind to Puppies and Kitties Day.’ But such a vote took place yesterday on Sen. … Continue reading

Posted in bailout, Congress, Democrats, economy, financial reform, financial regulation, lobbyists, McCain, Politics, Progressives, too big to fail, Wall Street | Tagged , , , , , , , , , , , , , , , | Leave a comment

Freddie to Stop Buying Interest Only Mortgages, Finally

Karl Denninger at Market Ticker on Freddie Mac’s announcement that they are finally going to stop buying and securitizing interest only mortgages: “Freddie (and Fannie) had no business getting involved in these toxic self-immolation devices in the first place as … Continue reading

Posted in Financial Crisis | Tagged , , , | Leave a comment

Facing Tough Choices on Deficit and Debt

I think most people who live in the real world (leaving out the gutless wonders who inhabit Washington, D.C.) will agree that if we ever hope to get our fiscal house in order some tough choices will have to be … Continue reading

Posted in economy, Politics | Tagged , , , , , , , , , , , | Leave a comment

Cooking the Books: Fannie and Freddie Not In the Budget

As if the staggering numbers that are in President Obama’s budget weren’t enough, take a look at what’s not there: “Feb. 4 (Bloomberg) — Look through President Barack Obama’s proposed 2011 budget and you’ll see a line calling for a … Continue reading

Posted in economy, Financial Crisis, Obama, Politics, Uncategorized | Tagged , , , , | 1 Comment

Fannie and Freddie Get a Blank Check for Christmas

I hope everyone had a great Christmas and that Santa brought you everything you wanted. He certainly was very good to Fannie and Freddie. Only in their case, Santa is the American taxpayer, you and me. One thing is clear, … Continue reading

Posted in economy, Obama, Politics | Tagged , , , , , , , | Leave a comment