O'Reilly to Franks: You're a Coward!!!

Thursday there was a heated debate and no, it was not the Vice Presidential Debate.  It was a jaw dropping night on Fox News’ O’Reilly Factor.  Bill O’Reilly played tapes and read transcripts...

When Watchdogs Snore: How ABC, CBS and NBC Ignored Fannie & Freddie

Our 'Fourth Estate' was Asleep at the Wheel!As of this Tuesday morning, the media has finally woke up. On Morning Joe, Joe Scarborough's MSNBC news program, reporters finally realize their role in providing the information the public needs to know. "By Rich Noyes September...

Fannie, Freddie & Foreclosures: The untold truth.

Fannie, Freddie & Foreclosures: The untold truth. The Reality you don’t hear from the news or congress By: Bill Hitchcock 98.3% of all loans are current! Only 0.12% had foreclosure initiated. Of the foreclosures initiated almost half found an equitable solution...

World's Biggest Robbery - $700 Billion Dollars disguised as 'Bailout' - 1929

"Those who fail to learn from history are condemned to repeat it" "Fool us once, shame on you.  Fool us twice shame on us!" "You can fool some of the people all of the time, all of the people some of the...

"Fundamental Agreement" Reached On Bailout

" Christopher Dodd, speaking moments ago: We believe that we're prepared to act expeditiously on a package to our colleagues that will allow us to send a message to the markets that the congress heard the...

The FBI is probing Fannie Mae, Freddie Mac, Lehman Brothers and AIG in a look...

CrisisRoom Flash The FBI is probing Fannie Mae, Freddie Mac, Lehman Brothers and AIG in a look into possible mortgage fraud, sources say. source CNN     FBI Probes Companies at Heart of Crisis"...

The Real Reasons for the Financial Turmoil

 There is no one explanation of what went wrong with the financial markets. Simply put, it is a case of many people deciding that age old rules need not be followed anymore – combined with breathtaking...

if engineers had deference given to speculative fund managers

Wake up, get out of bed, drag a comb across my head...head out to the road, over the bridge...oops!...you are late for work forever, you are dead.  The bridge designer, architect, and construction engineering...

McCain Co-Sponsored Reforms of Fannie & Freddie

 In 2005, Senator McCain recognized the dangers posed by the reckless operation of Fannie Mae and Freddie Mac, and co-sponsored a bill to reform both agencies. The bill was killed in Committee due to the...

The Death of the Free Market

Nouriel Roubini challenges the US government's response to the growing financial crisis accusing the Feds of reverting to a soviet strategy of effectively nationalizing major banks."Last week we argued that,...

Clueless candidates - Freddie, Fannie, Lehman, Merryl Lynch, etc etc

Now with the meltdown of financial institutions like Lehman Brothers, neither candidate for Presidency of the US has a clue that we've been the world's leading economic power "without clothes," that the financial...

GSE takeovers create a defined credit event

The change in risk created by the government takeover of FNM and FRE constitutes an event that will cause the settlement of 1.4 trillion dollars in derivatives.  The actual affect is not known because the contracts are not standard.  Each one is individually...

Very important Fannie Mae Video - Please watch

http://www.youtube.com/watch?v=6gZuG-52js0 This is British interview of jim Rogers early this morning.

Mortgages Becoming More Expensive

With the housing industry still trying to recover from the losses suffered because of the mess in the subprime market, it is indeed surprising that the government-sponsored enterprise Fannie Mae has announced that...

How to Fix the US Economy [A Personal Reflection]

There is no doubt that the Economy of our great United States of America is going from bad to worse. The culprits are many ranging from failed Government Policies to Businessmen and the people. The culprits can also include a war against terrorism which is draining the...

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