News Flash: Fannie Mae Knew it was Screwing Up

And let’s not forget that Fannie Mae and Freddie Mac are essentially government agencies, and contributed greatly to the financial crisis: Fannie Mae Internal E-Mail: Warnings Ignored: The House Oversight and Government Reform Committee held a hearing Tuesday to explore the collapse of mortgage finance giants Fannie Mae and Freddie Mac. And, as usual, Chairman […]

Fannie Mae and Freddie Mac Exert Horrifying Control Over Housing Market

Here’s a fascinating and, at the same time, truly frightening statistic: The [government’s] plan could have tremendous importance because Fannie Mae and Freddie Mac own or guarantee nearly 31 million U.S. mortgages, or nearly six of every 10 outstanding… Anyone who questions the influence of these government-sponsored entities (GSEs) on the housing market and, by […]

More on Obama and the FM Twins

This bit at Pajamas Media should be required reading. Obama is up to his elbows in shit on this one, and it is absolutely fascinating–terrifying, obscenely frustrating, morally offensive–that the mainstream media isn’t all over this one.

Today’s Shocker: Fannie Mae, Freddie Mac Big Obama Supporters

Here’s a surprise: Fannie Mae and Freddie Mac gave tons of money to Barak Obama’s campaign. Perhaps that explains why he never seems to mention those two as part of the problem in our current financial crisis.

Freddie Mac and Fannie Mae – Cute Names for Political Poison

Everyone should remember one simple fact, as they evaluate the housing bubble and its impact on the US and worldwide economies: both Freddie Mac and Fannie Mae are “government sponsored enterprises,” or GSEs. This means that they were created by the federal government for some specific purpose. For Freddie Mac and Fannie Mae, this purpose […]