Posts Tagged ‘freddie mac

30
Sep
09

american casino

thanks for the link kurt!

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08
Aug
09

who’s he talkin’ bout?

the bureaucrats in washington that created too-big-to-fail or the populist uprising against bailout-pa-looza?

07
May
09

Capitalism in Crisis

Excerpt from wsj article:

Lending borrowed capital — the essence of banking — is risky. That risk is amplified when interest rates are very low, as they were in the early 2000s because of a mistaken decision made by the Federal Reserve under Alan Greenspan to force interest rates down and keep them down. Because houses are bought with debt (for example, an 80% first mortgage on a house), low interest rates spur demand for houses. And because the housing stock is so durable a surge in demand increases not only housing starts but also the prices of existing houses. When people saw house prices rising — and were assured by officials and other experts that they were rising because of favorable “fundamentals” — Americans decided that houses were a great investment, and so demand and prices kept on rising.

http://online.wsj.com/article/SB124165301306893763.html

13
Nov
08

hedge fund manager bill ackman breaks it down

charlie rose continues to tackle the credit crisis on his show…came across this clip on ‘the big picture’ blog. big take away is that the credit rating agencies that gave Fannie/Freddie/AIG AAA rating we’re one of the central causes of collapse.

Vodpod videos no longer available.

17
Sep
08

ron paul on aig : even warren buffett didn’t understand these derivatives

ron paul on recent aig collapse. even fox news seems to be taking ron paul seriously.

08
Sep
08

fannie & freddie mac go down

10 billion dollar tax payer bailout coming….wonder if china will keep covering our debt?

great related article from business week

http://www.businessweek.com/magazine/content/08_37/b4099087568542.htm?chan=top+news_top+news+index+-+temp_news+%2B+analysis

18
Aug
08

dr. doom

here’s a video of economist nouriel roubini on cnbc talking about the coming american┬áconsumer debt crisis (consumer debt = student loans, credit card debt, pay day loans);whom i wrote about yesterday.

http://www.cnbc.com/id/15840232?video=812261135




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