washingtonpost.com - 2/19/2009
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A minor story (by Russell Roberts)
Cafe Hayek —
... This story only merits being on A6 of today's Washington Post: The federal government yesterday doubled its commitment to Fannie Mae and Freddie Mac, promising to reimburse the companies for up to $400 billion in losses on their investments in mortgage loans. ...
Fannie posts $25.2 billion Q4 loss
Rolfe Winkler —
... Believe it or not, Q4 was actually an improvement (from a GAAP net income perspective) over Q3, in which Fannie reported a $29 billion loss. The $200 billion commitment to keep the GSEs solvent was recently doubled to $400 billion in case anyone missed that. According to the Congressional Budget Office, the Fan/Fred bailout is likely to cost $238 billion this year alone. ...
Related Content
Fannie and Freddie Did Not Cause the Crisis
delong.typepad.com 11/20/2008 — Once again, Richard Green's refutation of the right-wing hack claim that Fannie and Freddie caused the crisis by leading poor private-sector financiers to make stupid loans:
Richard's Real Estate and Urban Economics Blog: Charles Calomiris and ...
Why The Media Ignores The $400 Billion Fannie And Freddie Bailout
businessinsider.com 5/9/2009 — This morning, Fannie Mae (FNM) announced that it had lost another $23 billion in the quarter, and would have to call down $19 billion more in taxpayer support. It also said that it would face losses as far as the eye can see. Do you know how much ...
Freddie Seeks Up to $35 Billion From U.S.; Fannie May Follow
bloomberg.com 1/24/2009 — Jan. 24 (Bloomberg) -- Freddie Mac , the mortgage-finance company under federal control, needs as much as $35 billion more in federal aid, and Fannie Mae may soon ask the U.S. Treasury Department for rescue funds as well. Freddie, which took $13.8 ...
Fannie, Freddie to Buy $40 Billion a Month of Troubled Assets
bloomberg.com 10/11/2008 — Oct. 11 (Bloomberg) -- Federal regulators directed Fannie Mae and Freddie Mac to start purchasing $40 billion a month of underperforming mortgage bonds as the Bush administration expands its options to buy troubled financial assets and resuscitate ...
Fed Buys $5 Billion of Fannie, Freddie, FHLB Debt (Update2)
bloomberg.com 12/5/2008 — Dec. 5 (Bloomberg) -- The Federal Reserve bought $5 billion of Fannie Mae, Freddie Mac and Federal Home Loan Bank corporate debt under a new program aimed at reducing mortgage costs. The central bank acquired bonds with maturities between December ...
What to do about Fannie Mae and Freddie Mac?
woodwardhall.wordpress.com 1/27/2009 — Here are our recommendations. A discussion follows.
The GSEs should be preserved, mainly because they are the most effective institutions for providing liquidity to the mortgage market. Most mortgage investors, including depositories, prefer ...
Views Diverge on How To Recast Fannie, Freddie
washingtonpost.com 12/22/2008 — Comments that include profanity or personal attacks or other inappropriate comments or material will be removed from the site. Additionally, entries that are unsigned or contain "signatures" by someone other than the actual author will be removed. ...
What’s Driving the Rally in Freddie and Fannie
hf-implode.com 8/10/2009 — " Fannie, Freddie and AIG have skyrocketed in the past week, he adds. Freddie gained about 19% and Fannie 14%, and AIG more than doubled. AIG is up again Monday, by 3.7% to about $28."
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