Jade Goody funeral: thousands line the streets of London

The funeral of reality tv star Jade Goody took place today, with thousands of people attending and watching on tv as she was laid to rest at St. John's Church in Buckhurst Hill, Essex. The funeral procession also...

Prognostications, Pundits and Poo

Prognostications, Pundits and Poo Bill Hitchcock   We all know that we are in an “interesting” real estate environment. The fact is-It’s terrible. But where do we go from here? Personally, I think prognostications from most pundits is purely poo. Most of the...

Jazz great Freddie Hubbard dead at 70

Grammy winning jazz musician Freddie Hubbard, whose style influenced a generation of trumpet players and who collaborated with such greats as Ornette Coleman, John Coltrane and Sonny Rollins, died Monday, a...

This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

The foreclosure freeze tide

"WASHINGTON (Legal Newsline)--As Capitol Hill remains under siege from all sides of America's faltering economy, pressure to stem the tide of foreclosures continued to make inroads as Fannie Mae and Freddie Mac became the latest to join the foreclosure freeze movement.The...

Obama Chief of Staff Was Director Of Freddie Mac During Scandal

Obama's Chief of Staff Pick a Freddie Mac Alum - Will the Media Notice? or Care? " He’s President-elect Barack Obama’s new chief of staff, according to various Nov. 6 media reports, but Rep. Rahm Emanuel,...

They Did It On Purpose: The Housing Bubble & Its Crash were Engineered by the...

During the Clinton administration, the government required the financial industry to start expanding the frequency of mortgage loans to consumers who might not have qualified in the past.When George W. Bush was named president by the Supreme Court in December 2000, the stock...

Obama gets big Bucks from Fannie Mae/Freddie Mac

Obama calling himself an outsider and agent of change has CEO of Freddie Mac on his Pay Role.  The fact is  that he has received over 500,000 dollars from folks within Fannie Mae/Freddie Mac.  Some...

Why the Financial Meltdown Reflects the Fundamental Failure of the Bush-McCai...

"The financial meltdown on Wall Street is more than a cyclic correction brought on by a mismanaged business cycle. It is emblematic of a problem at the very foundation of the right wing economic philosophy that...

Senate to Fannie, Freddie: Freeze Foreclosures!

"This week, several mortgage companies were placed under the control of government-backed enterprises Fannie Mae and Freddie Mac. And to provide the troubled borrowers with immediate relief, the Senate Banking...

Q&A: Stanford financial economist Darrell Duffie discusses government takeove...

Since the government announced its takeover plan of Fannie Mae and Freddie Mac, stock markets in the United States and around the world have rallied and mortgage rates have dropped. But the latest turn in the...

US budget deficit seen at $438bn

According to the latest Capitol Hill estimates, the US government will run a near-record deficit of $407 billion this year. However the actual figure is likely to be much larger than this, because it is not taking into account the recent bailout of the nation's two biggest...

Inflation will follow Freddie Mac and Fannie Mae bail out « Peter J. Cooper...

" Yet we should all be relieved at one level: the US has chosen to go down the path of 1970s style inflation, rather than 1930s style deflation. The alternative route of letting banks fail produced the Great Depression of the 1930s and nobody wants to make that mistake again."

London Stock Exchange trading down due to computer crash

The world's second largest stock exchange is enduring an extended derailment today due to a computer crash.  A glitch in the London Stock Exchange computer system at 8:44am this morning has resulted in the...

Fannie Mae (NYSE: FNM) and Freddie Mac (NYSE: FRE)

Dr. Dan Seiver, professor of finance at San Diego State University and the publisher of the padsystemreport.com website. Ann Lee, finance professor at Pace University's Lubin School of Business in New York.

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