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CIT and Ford: Two Tales of Economic Recovery
...some investments might go sour. Other candidates for losers include: AIG, Chrysler, Fannie, Freddie and GMAC. So too with the continuing sobering news from the...
U.S. Economic Meltdown: Where Are We Now?
...rose and fell but was little changed. Right after Labor Day, Fannie Mae, Freddie Mac, Lehman Brothers and AIG failed over 10 days. The...
Budget Deficit Triples To $1.4 Trillion In 2009
...on the Wall Street bailout and the takeover of mortgage giants Fannie Mae and Freddie Mac. Then there is almost $200 billion in costs...
Fed Slows Housing Market Plan, Keeps Rate Low
Signaling confidence in a recovery, the Federal Reserve decided Wednesday to stretch out the pace of a program intended to lower mortgage rates and prop up the housing market. Even...
Fed Signals Vote Of Confidence In Economy
The Federal Reserve delivered a vote of confidence in the economy Wednesday, saying it would slow the pace of an emergency rescue program as the recession appears to be ending....
Countrywide Offered Politicians Special Deals
...Urban Development)." Also on the list: Franklin Raines, then-CEO of Fannie Mae, which bought billions in toxic Countrywide loans that defaulted at taxpayer...
House Votes To Restrict Wall Street Pay
...holding companies, broker-dealers, credit unions, investment advisers and mortgage buyers Fannie Mae and Freddie Mac. The White House and Senate Democrats haven't...
Today In History July 15, 2009
...urged lawmakers to quickly enact legislation to prop up mortgage giants Fannie Mae and Freddie Mac. A judge in Los Angeles sentenced Helen Golay...
Bernanke: I Didn't Bully Bank Of America
Federal Reserve Chairman Ben Bernanke told Congress Thursday he didn't pressure Bank of America into acquiring Merrill Lynch in a deal that ultimately cost taxpayers $20 billion. Bernanke told a...
Fed Issues More Upbeat Outlook On Economy
...buy up to $1.25 trillion worth of securities issued by Fannie Mae and Freddie Mac by the end of this year. Nearly $456...