The New Mexico Business Weekly (Free subscription) | yesterday
A day after Fannie Mae said it would tap the Treasury Department for another $15 billion, Freddie Mac reported another quarterly loss but said it does not currently need more government aid. (FRE) (FNM)
Daily Advance - Business (Free subscription) | 07/11/2009
Top stories: WASHINGTON (AP) — Freddie Mac says its losses narrowed to $6.3 billion in the thi...
David Drake (Free subscription) | 5 hours ago
Freddie Mac Daddy posted a $5 Billion dollar loss . al Reuters : Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. Increases in the value of securities Freddie Mac held over the period helped buoy its net worth,...
The Virginian (Free subscription) | yesterday
I can easily see this! We’ve got to hold on to hope, and we’ve got to fight hard because Congressional action tonight just put America on a path toward an unrecognizable country. The same government leaders that got us into the mortgage business and the car business are now getting us into the health care business. Despite Americans’ decisive message last Tuesday that they reject...
Instapundit.com (Free subscription) | yesterday
RECOVERY! Freddie Mac posts $5 billion loss. “Freddie Mac, the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a ‘prolonged deterioration’ in housing.”
Houston Chronicle (Free subscription) | 07/11/2009
Freddie Mac's losses narrowed to $6.3 billion in the third quarter, but the government-controlled mortgage finance company didn't need a federal cash infusion.
Exposing Liberal Lies (Free subscription) | 6 hours ago
You go get 'em, girl. The woman the Left detests more than any woman on the face of the earth, Sarah Palin, has much to say about the snake oil healthcare plan passed by the House last evening. I would guess the celebratory mood among liberals changes to blood boiling when they hear from the feisty Sarah. Sarah Palin: The Pelosi Bill Was Rammed Through on Saturday, But Sunday’s Coming "We’ve...
EconLog (Free subscription) | yesterday
The paper concludes that the probability of default by the GSEs is extremely small. Given this, the expected monetary costs of exposure to GSE insolvency are relatively small -- even given very large levels of outstanding GSE debt and even assuming that the government would bear the cost of all GSE debt in the case of insolvency. For example, if the probability of the stress test conditions occurring...
tbirdnow.mee.nu (Free subscription) | yesterday
Timothy Birdnow Barney Frank aka the Congressional Buddy Hackett has pulled many boners in his day, er, poor choice of words, but you take my meaning. At any rate, everyone remembers the little fiasco where police raided Congressman Frank's home and broke up a gay prostitution ring, arresting the House Banking Committee Chair's toy-boy for the sale of tail, completely WITHOUT Frank's knowledge. How...
LATICONOMICS (Free subscription) | yesterday
Bailing out the banks , The too big to fail aljazeera counting the costs A look at the failures of the banks, hard times in Israeli kibbutz and how they are surviving the financial crisis. How the countries that are affected by the typhoons are surviving. A look at GM. Tags: al jazeera counting the cost GM Israel typhoons crisis recession Inflation, Dollar, Federal Reserve, Paper Money, Banking System,...
Hummers & Cigarettes (Free subscription) | 07/11/2009
Isn't it amazing how some individuals in our society manage to keep their jobs? Barney Frank , democratic representative of Massachussetts, is one of those. How his past actions have not landed him in jail, if not at the very least kicked out of office, is mind-boggling. First, let's start with Frank's run-in with the law 20 years ago when he admitted to patronizing a male prostitute . According to...
The Kevin and Patrick Blog (Free subscription) | 07/11/2009
Freddie Mac Posts $5 Billion Loss Freddie Mac (NYSE:FRE - News; NYSE:FRE - News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. Oh, and you're about to become a landlord . That ought to work out well, right?
Queer Conservative (Free subscription) | 07/11/2009
Freddie Mac Posts $5 Billion Loss Freddie Mac (NYSE:FRE - News; NYSE:FRE - News), the second largest provider of U.S. residential mortgage funding, on Friday posted a loss of $5 billion in the third quarter and predicted it would need more government support amid a "prolonged deterioration" in housing. Oh, and you're about to become a landlord . That ought to work out well, right?
Dr. Housing Bubble Blog (Free subscription) | 07/11/2009
Last week, foreclosure Hall of Fame member and government stepchild Fannie Mae announced a stunning $18.9 billion loss. Remember last year when we were told that bailing out the enormous Government Sponsored Entities that we would be turning a profit? Well that didn’t exactly pan out and both Fannie Mae and Freddie Mac have been [...]
War News Updates (Free subscription) | 07/11/2009
Obama Praises Bravery at Fort Hood -- Wall Street Journal WASHINGTON -- President Barack Obama dedicated his weekly radio address Saturday to the shooting that occurred at the Fort Hood military base this week. Mr. Obama said he will be tracking the investigation into how suspect Maj. Nidal Malik Hasan, 39, allegedly shot and killed 13 people and wounded dozens of others on Thursday. The president...
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