Breaking News, Business, Politics, Technology
Saturday, August 18, 2018![By User:AgnosticPreachersKid (Own work) [CC BY-SA 3.0], via Wikimedia Commons](https://www.valuewalk.com/wp-content/uploads/2017/03/Fannie-Mae-Freddie-Mac-270x200.jpg)
In an otherwise disappointing ruling handed down by a federal appeals panel July 17, a dissenting view once highlighted the damage done by the government’s ongoing abuse of its statutory authority in confiscating the profits of the government sponsored enterprises […]
President Trump and Members of Congress know political strategist Jim Carville’s 1992 maxim, “It’s the economy, stupid,” still holds. Iran’s nuclear program, U.S. relations with Europe, and even battles over scandals matter much less to average Americans than whether they […]
Fannie Mae reported robust first quarter earnings earlier this morning, with comprehensive income of $3.9 billion. Courtesy of the Net Worth Sweep, by June of this year Fannie expects to pay Treasury a dividend payment of $938 million. With this […]
Steven Mnuchin was not even confirmed as Treasury Secretary when he assured in the fall of 2016 that GSE reform would be a top priority for the Trump Administration. That’s still his position. And it will be his position next […]
As the tenth anniversary of the financial crisis that nearly brought down the global economy nears, it is astounding that ill-conceived experiments that would expose taxpayers to the risk of future bailouts are still being debated. But that is exactly […]
It is time to put to rest the fictional accounting that condemns Fannie Mae and Freddie Mac to perpetual status as wards of the state awaiting dismantlement. Both have reached their “10 percent moment,” removing a perceived barrier to long-term […]
The U.S. economy seems to be humming along. While Democrats bristle when President Trump takes credit for this, it is hard to deny that many key indicators look pretty good. But not all do. Housing remains stubbornly soft and Washington’s […]
The U.S. Supreme Court today let stand rulings in three shareholder lawsuits that challenged the legality of the 2012 amendment to the term of the conservatorship of the government sponsored enterprises Fannie Mae and Freddie Mac. The amendment, known as […]
Fannie Mae ended 2017 with a loss of $6.5 billion, leaving it with a deficit of $3.7 billion. Taxpayers will need to fill the gap since Fannie and Freddie are locked in a government-run conservatorship. Expect another hit for taxpayers […]
House Financial Services Committee Chairman Jeb Hensarling today issued a not-so-subtle warning to Democrats: Support evolving GSE reform legislation now or risk having affordable housing programs gutted next year. During a hearing today Hensarling engaged in this colloquy with Treasury […]
