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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...
created by Bill Hitchcock | 4 years ago | updated 4 years ago
784 views | 2 recommendations | 2 comments
784 views | 2 recommendations | 2 comments
"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...
created by Albert Milliron | 4 years ago | updated 4 years ago
243 views | 2 recommendations | 4 comments
243 views | 2 recommendations | 4 comments
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... 966 views | 10 recommendations | 2 comments
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...
created by joellerose | 4 years ago | updated 4 years ago
1383 views | 0 recommendations | 7 comments
1383 views | 0 recommendations | 7 comments
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... Freddie Mac Reports Homeowners Late in Seeking Home Assistance
According to a report recently published by the Federal Home Loan Mortgage Corporation or Freddie Mac, very few distressed homeowners contact their lenders when having problems with their mortgage debt. The...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...Foreclosure Rescue Bill Faces More Delays
With the nation suffering from the high national foreclosure rate, it is only right that the federal government is busy looking for a long-term solution to this crisis. Among its efforts is the foreclosure rescue...Senate Banking Committee Approves Foreclosure Bill
The new Foreclosure Aid bill made some headway in the Senate yesterday, as the Senate Banking Committee voted 19-2 in favor of the bill, the last hurdle now only being the general vote by the Senate. Many expect...Senators Agree on Funding for Foreclosure Bill
Some of the key Senators involved in the anti-foreclosure homeowner assistance bill currently before the Senate announced that they had reached a bipartisan agreement on a way to fund the bill without using taxpayer dollars, which had been a huge issue and stalled the...Ben Bernanke Walks into a Bar, Andrew Cuomo Appraises the Nation
Jeez. The Clinton Obama show is killing comedy. Great jokes are getting lost in the sauce. Did you hear the one about Federal Reserve Chairman Ben Bernanke? Ben walks into a bar. A pair of antlers on his head. “Been cuckolded, mister?” asks a chippy, trying for a...Top Members Today
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