Tag: FRE
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U.S. Bailout for Mortgage Giants
The U.S. government plans to put government sponsored mortgage finance companies Fannie Mae and Freddie Mac under federal control, the New York Timesand Washington Post newspapers reported late Friday, in what could be the largest financial bailout in the nation’s history. According to the same report, Analysts at Citigroup, Merrill Lynch, and Goldman Sachs since…
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Fed, Gold and Markets
Fed decided to keep interest rates flat, what’s the big deal? Markets staged a huge rally, Dow over 300 points; was that big deal? Gold dropped almost closed to support point $85 and Oil, metal and commodities were crushed, was that a big deal? These are not easy questions to answer but if we are…
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Fed’s Plan is Not The Panacea
There was big weekened news before markets opened, Fed will rescue Fannie(FNM) and Freddie and stock futures just shot-up and so were FNM, FRE and Lehman (LEH). According to Market watch story, the White House and Federal Reserve moved to give the mortgage giants the capital they need to survive the depression in the housing…
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Fannie, Freddie Insolvent, Anybody hears that?
Mortgage lenders Fannie Mae (FNM) and Freddie Mac (FRE) are “insolvent” and may need a U.S. government bailout, former St. Louis Federal Reserve President William Poole was quoted as saying in an interview with Bloomberg. Guess what, this is what I wrote on 10 December’07 Delta Financials (DFC) just filed for Bankruptcy. My third encounter…