When a House Is Not a Home:The Homeownership Myth
Geithner has produced a “cash for trash” scheme to buy “toxic” securities from mortgage bankers who are bulldozing foreclosures.
fannie mae
Good News For Homeowners: Obama Mortgage Plan
Good news for homeowners? Those with loans guaranteed by Fannie Mae or Freddie Mac could be eligible to refinance — even if they owe more than their home is worth.
Fannie and Freddie, The Rich Grew Richer: A Case for a National Mortgage Bank
Fannie and Freddie were both conceived as Government Structured Enterprises – part private and part public. Without strict regulations against lobbing, such an arrangement assured that the private side would promote profits for the private side. One solution would be to replace Fannie and Freddie with a national mortgage bank.
2008….Cause For Inspiration? The Economic Year In Review
2008 – what a year! As we get ready to draw the curtains on one of the most unsettling economic years in history, we the writers of the Inspired Economist are still wondering… was this year one that has left our battered economy begging for inspiration? Or have the sustainable events of 2008 spearheaded the initiation of what we believe is truly an Inspired Economy?
2008 was about the $700 billion bailout. Foreclosures. The plummeting stock market. As the year came to a close, the nation’s economic turmoil battled with the presidential election. But it was also a time when new businesses were born into what appears to be an unprecedented sustainability boom. When energy, economy and environment have taken on a new and inter-dependent definition.
To Bailout or Not to Bailout: Is Free Market Economics Sustainable?
In view of the current Wall Street crisis, America’s credibility as a bastion of free markets has come under the radar. The Fed’s recent bailout of AIG, Fannie and Freddie are perceived by many as a free market detour.
The government’s latest bailout news involves a plan to make the biggest intervention in the financial markets since the 1930s. Central to this plan would be a mechanism to bad assets off the balance sheets of financial companies or instead perhaps to create a federal insurance for investors in the money market funds. Additionally, the Securities and Exchange Commission is getting ready to propose a temporary ban on short selling financial stocks.
America’s Market Bailout : Some Figures For The Weekend
A few details are starting to emerge about the proposed “bail out plan” of the US Government. While legislators wrestle with the finer details, here are a few figures to juggle with over the weekend. So far, $200bn has been spent saving Fannie Mae and Freddie Mac with another $300bn to prop up the Federal …
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