Tag Archives: chief executives

Fannie Mae, Freddie Mac Fat Cats Slimmed

Executives at Fannie and Freddie made millions of dollars as they drove those institutions into bankruptcy and a massive taxpayer bailout. Taxpayers are on the hook for about $300 billion by 2014 to keep Fannie and Freddie afloat. Now the … Continue reading

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The Next Refinance Problem

Corporate debt says the Times of London. There’s been a dramatic rise in bad debts. Banks are not eager to lend. Businessmen are scared about refinancing debt when it comes due. Most of the chief executives I meet these days … Continue reading

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Foreign Banks Back Fannie Mae, Freddie Mac

From Reuters: Foreign central banks held $931.9 billion of agency and mortgage-backed securities issued by Fannie Mae, Freddie Mac and other government-sponsored enterprises as of May 14, according to the Federal Reserve. Freddie Mac and Fannie Mae are public companies … Continue reading

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