Wow! This was good.
O’Reilly talked to Barney Frank in the only language he understands- Screaming.
It was great to see the Dem Rep put in his place for his role in the mortgage crisis.
Duration : 0:3:47
O’Reilly Blasts Barney Frank On Fannie Mae Mess!!
Posted by admin | Under Fannie Mae Thursday Nov 27, 2008Explosive Video, Fannie Mae CEO calling Obama and the Dems the “Family” and “Conscience” of Fannie Mae
Posted by admin | Under Fannie Mae Thursday Nov 20, 2008
Explosive CEO calling Obama and Dems the “Family” “Conscience” of Fannie Mae
The Banking Failures are because of the Housing Crisis, which was caused by mortgage lenders handing out bad loans and the biggest offenders: Fannie Mae and Freddie Mac
The Democrats have been taking PAYOFFS from Fannie and Freddie to look the other way FOR DECADES!
NOW VIDEO FOUND of the CEO of Fannie Mae in 2005 explaining the “FAMILY” connection with Democrats
And specifically Barack Obama and the Congressional Black Caucus
Duration : 0:4:36
Shocking Video Unearthed Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis
Posted by admin | Under Fannie Mae Thursday Nov 13, 2008
Democrats in their own words Covering up the Fannie Mae, Freddie Mac Scam that caused our Economic Crisis.
At a 2004 hearing see Democrat after Democrat covering up and attacking the regulations to protect Fannie Mae and Freddie Mac (their Cash Cows) that are now destroying our economy because the Democrats let them cheat.
Duration : 0:8:37
Part 4 – Exposing Fannie Mae and Freddie Mac: The Bailout
Posted by admin | Under Fannie Mae Friday Oct 3, 2008
http://investing.meetup.com/21 – New York Investing meetup organizer Daryl Montgomery discusses the U.S. government bailout of Fannie Mae and Freddie Mac. The New York Investing meetup is a group of 1800 independent traders and investors that provides investment education and analysis to the public. We also have an associated blog, “The Helicopter Economics Investing Guide” at: http://nyinvestingmeetup.blogspot.com
Duration : 0:5:17
U.S. Banks In Crisis
Posted by admin | Under Fannie Mae Thursday Sep 18, 2008
President Bush is calling for a rescue package to aid embattled Fannie Mae and Freddie Mac, the two mortgage giants who together finance half the nation’s home loans. Priya David reports.
Duration : 0:5:19
Freddie Mac and Fannie Mae “insolvent”
Posted by admin | Under Fannie Mae Friday Sep 12, 2008
Too Big to Fail, I keep hearing that phrase so often when referencing the possible collapse of Freddie Mac and Fannie Mae, despite their stock losing 87% and 79% of their value since last year.
Anyhow, some of the reports from various news outlets nearly gave me a heart-attack, I continued searching and reading for related articles, such as the excerpt from a Wall Street Journal article (1.) which states ” The liabilities of Fan and Fred are currently not on this U.S. balance sheet. But one danger is a run on the debt of either company, putting pressure on the Treasury and the Federal Reserve to publicly guarantee that debt to prevent a systemic Financial Collapse”. The commentator of the financial times states that the firms are “too big to fail”, but if they did, according to a Wall street Journal article (1.) the amount that may be burdened upon the civilian tax base is “5 trillion”, not Billion but Trillion with a Capital “T”.
Strangely, William Poole a former St. Louis Federal Reserve President has publicly lashed out on the speculation of a bail out, he states in a Bloomberg article(2 ) ” Congress ought to recognize that these firms are insolvent, that it is allowing these firms to continue to exist as bastions of privilege , financed by the taxpayer”( in reference to Freddie Mac and Fannie Mae).
Will there be a bail out? Or are both Fannie Mae and Freddie Mac too big to fail?
Well Both Federal Reserve chairman Ben Bernanke and Treasury Secretary Henry Paulson seem to believe something great is within the mist, so much to the extent, that they are asking for congress for new regulatory powers, obviously they know something is coming up that will require drastic action. So what may be that action, after reading an article from the Mercury News (3) one can easily speculate. The articles quotes Treasury Secretary Paulson as saying ” It is clear that some institutions , if they fail , can have systemic impact, However financial players need to be disciplined in managing risk and not expect the government to fly to the rescue” . Paulson also stated ” For market discipline to effectively constrain risk, financial institutions must be allowed to fail”
It would seen that Paulson and Bernanke may simply allow these huge firms go under, but in another statement within the same article (3.) they stated ” new tools are needed for ensuring an orderly liquidation of a systemically important securities firm that is on the verge of bankruptcy”.
Rather confusing, whether they bail them out, or allow them to go under, Paulson and Bernanke have already polished the floors, in the event that either scenario should fall on the floor, both Paulson and Bernanke would claim plausible deniability. Essentially they are cleaning up after themselves beforehand.
Whatever may happen, the size of these firms will have a dramatic impact on the broader economy, regardless in which way it may sway and fall.
Enjoy !!!!!!!
1. “Price of Fannie Mae” July 10, 2008 (Pg.A14) The Wall Street Journal (Online)
WSJ.com
http://online.wsj.com/article/SB121565255349741343.html?mod=rss_opinion_main
2. Kopecki , Dawn “Fannie, Freddie Insolvent after losses , Poole says Update 1″ July 10, 2008 Bloomberg.com
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a7NPAG.LEjHQ
3.Aversa, Jeannine ” Bernanke : Empower Financial Regulators ” July 10, 2008
Mercury News.com (Associated Press — Source)
http://www.mercurynews.com/breakingnews/ci_9838817
Just as I was finishing my commentary on the video with related articles, I came upon another article from the New York Times (4) titled “U.S. weighs takeover of Two mortgage giants”. Anyhow, the article mentions how Freddie Mac and Fannie Mae may “default on their loans “(No surprise there) and that the government may purchase the two firms under a “conservatorship”. Anyhow I have too much of a migraine to explain it, you are going to have to do a bit a reading for yourself — Enjoy!!!!
4.Labaton, Stephen and Weisman, Steven “U.S. weighs takeover of Two mortgage giants” July 11, 2008 New York Times NYTIMES.com
http://www.nytimes.com/2008/07/11/business/11fannie.html?sq=U.S.%20Weighs%20Takeover%20of%20Two%20Mortgage%20Giant&st=nyt&adxnnl=1&scp=1&adxnnlx=1215766899-2C63J5sHW1HuHpsV0CUpSg
Video: John Authers “Short View” July 10, 2008 FT.com
Duration : 0:2:8
Take A Load Off Fannie
Posted by admin | Under Fannie Mae Tuesday Sep 9, 2008
The story of Fannie Mae, as narrated by The Band
Duration : 0:3:45
Banking Committee Chair Dodd Doesn’t Know Mortgage Rates
Posted by admin | Under Mortgage Rates Monday Aug 25, 2008
At a press conference, Sen. Chris Dodd (D-CT), chairman of the Senate Banking Committee, is asked about the home loans he got through Countrywide.
A reporter asks if he will keep the loans and Dodd mentions he doesn’t know what the mortgage rates are.
Note that this is a day before he planned to bring a bill to overhaul mortgage companies Freddie Mac and Fannie Mae.
Duration : 0:0:21
Jim Rogers Speaks the Truth about Fannie Mae and Freddie Mac
Posted by admin | Under Fannie Mae Wednesday Aug 20, 2008
Courtesy of the LewRockwell.com —
Watch the others stumble and stammer as they try desperately to perform the media’s function of defending the state and the status quo against Rogers’ relentless attack
Duration : 0:8:37
Fannie Mae – Freddie Mac
Posted by admin | Under Fannie Mae Tuesday Aug 19, 2008
Crisi del settore immobiliare: intervento della Fed per sostenere la Fannie Mae e la Freddie Mac, le principali società americane nel settore dei mutui che sono a rischio fallimento.
Duration : 0:5:16
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