World-News

US Promises Unlimited Financial Assistance to Fannie Mae, Freddie Mac
https://www.commondreams.org/headline/2009/12/25-0

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Fannie Mae and Freddie Mac: Just a Four-Letter Word?

Dean Baker, Truthout: "The TARP, along with the much larger lending programs from the Federal Reserve Board and the FDIC, succeeded in preventing the financial system from collapsing. The banks are now back on their feet, with near-record profits and near-record bonuses for the executives who are so skilled in getting public money. The largest banks have now repaid their TARP money, with many smaller banks anxious to follow suit in order to avoid troubling questions about how they have used their taxpayer dollars. The major exception to the happy picture in the financial sector is the plight of Fannie Mae and Freddie Mac."

https://www.truthout.org/1228092

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Fannie and Freddie get bailed out again

The Free Liberal

by Fred E. Foldvary

12/31/09

The US President’s administration announced on 24 December 2009 a holiday gift to American landowners. The government removed the cap it set on subsidies to Fannie Mae and Freddie Mac, the government-backed enterprises that buy mortgages from banks and other originators. The removal of the cap before 2010 avoided the embarrassment of needing Congressional approval. This policy move can be understood if one recognizes the main aim of government policy since the beginning of American history. The main purpose of the US government is to subsidize land values for the big players...

https://www.freeliberal.com/archives/003964.html



The biggest financial deception of the decade

01/06/10

Freedom's Phoenix
by Jeff Clark

Enron? Bear Stearns? Bernie Madoff? They’re all big stories about big losses and have hurt a lot of employees and investors. But none come close to getting my vote for the decade’s most dastardly deception …

https://tinyurl.com/ybho2el


Informant: Thomas L. Knapp

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Bernie Madoff, Free at Last

"F--- my victims," he said, loud enough for other inmates to hear. "I carried them for twenty years, and now I'm doing 150 years."

https://nymag.com/news/crimelaw/66468/index2.html


From Information Clearing House



https://freepage.twoday.net/search?q=Obama
https://freepage.twoday.net/search?q=Bernanke
https://freepage.twoday.net/search?q=financial+system
https://freepage.twoday.net/search?q=Federal+Reserve
https://freepage.twoday.net/search?q=FDIC
https://freepage.twoday.net/search?q=bailout
https://freepage.twoday.net/search?q=mortgage
https://freepage.twoday.net/search?q=bonus
https://freepage.twoday.net/search?q=taxpayer
https://freepage.twoday.net/search?q=TARP
https://freepage.twoday.net/search?q=Fannie+Mae
https://freepage.twoday.net/search?q=Freddie+Mac
https://freepage.twoday.net/search?q=Enron
https://freepage.twoday.net/search?q=Bear+Stearns
https://freepage.twoday.net/search?q=Bernie+Madoff
https://freepage.twoday.net/search?q=financial+deception
https://freepage.twoday.net/search?q=Zachary+A.+Goldfarb
https://freepage.twoday.net/search?q=Dean+Baker
https://freepage.twoday.net/search?q=Fred+E.+Foldvary