Freddie Mac

More Bailouts Coming, U.S. Automakers, Freddie Mac and Foreign Exporters

This week is shaping up to be another active one on the bailout-and-financing front. First and foremost, Congress returns to work this week to consider a once-unthinkable proposal: Put up billions in taxpayer-backed loans so...

Obama aides cite need for big stimulus program

Two of President-elect Barack Obama's top economic advisers said Monday the U.S. economy needs a substantial stimulus package to avoid a deep recession. Former Treasury Secretary Larry Summers, who is being mentioned as a...

Bailing out homeowners and consumers: 2 letters

Now that the election is over, it is time to get our country back in order. The housing market seems to be the big drag on the economy. Funds have been allocated to fix the problem, but the market has yet to show any response....

Mortgage Rates Drop Again

U.S.A. (Nov 17): Freddie Mac reports that the 30-year fixed mortgage rate dropped to 6.14 percent during the week ended Nov. 13, marking the second consecutive weekly decline. Rates were 6.20 percent the prior week. The 15-year...

Obama Hires "Joe the Plumber" to Fix White House Leaks!

Chicago,Il/ Plumbing News - Reaching out in conciliation, President Elect Barack Hussein Obama has hired iconic GOP spokesman "Joe the plumber" to fix a stream of embarrassing leaks originating from his transition team. Joe...

Brian Howey: Buckle Up, Hoosiers, We’re in for a Rough Week

By BRIAN A. HOWEY NASHVILLE, Ind. - The fate of tens of thousands of Hoosier jobs will be debated in the U.S. Senate beginning today. The decision - coming as soon as Wednesday - could usher in a reprieve for the American auto...

Joint Economic Committee: Government Policy Blunders Largely Caused The Global Financial Crisis

An interesting report of the Joint Economic Committee [House of Representatives] from which I've excerpted a section -- but there is much much more: Unintended Consequences from Financial Regulations. Federal regulatory...

UPDATE 1-Freddie Mac could lose $20-$40 bln in 2009: Friedman

Nov 17 (Reuters) - Freddie Mac could post losses totaling $20 billion to $40 billion in 2009, hurt by higher credit costs and write-downs in mortgage assets, an analyst at Friedman Billings Ramsey said.

The Brutal Truth About the Credit Crisis

Mike Larson writes: I don't know about you. But I started keeping a mental “Outrage Listâ€_ a while back. The idea: Chronicle all the ridiculous statistics, all the lies, all the questionable practices, and all the dubious...

A deregulator looks back, unswayed

Back in 1950 in Columbus, Georgia, a young nurse working double shifts to support her three children and disabled husband managed to buy a modest bungalow on a street called Dogwood Avenue. A fierce opponent of government...