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Key US Mortgage Lenders in Shares Meltdown

Shares of US mortgage finance giants Fannie Mae and Freddie Mac were in a freefall Friday on heightened concerns the trillion-dollar firms may face insolvency or a government takeover. Freddie Mac plunged 47 percent to 4.23 dollars at 1450 GMT following a 22 percent slide on Thursday and Fannie Mae lost 44 percent to 7.40 dollars after a 14 percent drop in the prior session. The shares of the two firms have lost around 80 percent since the start of the year.

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Newspaper Article

Key US Mortgage Lenders in Shares Meltdown

Shares of US mortgage finance giants Fannie Mae and Freddie Mac were in a freefall Friday on heightened concerns the trillion-dollar firms may face insolvency or a government takeover. Freddie Mac plunged 47 percent to 4.23 dollars at 1450 GMT following a 22 percent slide on Thursday and Fannie Mae lost 44 percent to 7.40 dollars after a 14 percent drop in the prior session. The shares of the two firms have lost around 80 percent since the start of the year.

07/11/2008
FANNIE MAE - FREDDIE MAC - CHINA

Sure, why not fork over the dough? Just keep the lead painted toys coming China! We appreciate it! Washington, DC - As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

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Blog Hit

FANNIE MAE - FREDDIE MAC - CHINA

BY Buffoon

Sure, why not fork over the dough? Just keep the lead painted toys coming China! We appreciate it! Washington, DC - As politicians call for taxpayer bailouts and a government takeover of troubled mortgage lenders Freddie Mac and Fannie Mae, FreedomWorks would like to point out that a bailout is a transfer of possibly hundreds of billions of U.S. tax dollars to sophisticated investors and governments overseas.

07/11/2008
U.S. Taxpayer Bailout of China Over Fannie Mae

If the US bails out Fannie Mae bonds as suggested in We're All Homeowners Now, Nationalization of Fannie, Freddie Unavoidable, inquiring mind just might be wondering "Who is the biggest beneficiary?". It's a good question too. Please consider Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds.

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Blog Hit

U.S. Taxpayer Bailout of China Over Fannie Mae

BY Michael Shedlock

If the US bails out Fannie Mae bonds as suggested in We're All Homeowners Now, Nationalization of Fannie, Freddie Unavoidable, inquiring mind just might be wondering "Who is the biggest beneficiary?". It's a good question too. Please consider Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds.

07/11/2008
FreedomWorks: No Taxpayer Bailout for Fannie Mae, Freddie Mac

WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) ----Amid calls by some Wall Street investment bankers for a bailout of the GSEs Fannie Mae and Freddie Mac, FreedomWorks urges lawmakers to clearly reject a taxpayer bailout and to remind investors that there is no government guarantee for the securities of these publicly traded corporations. FreedomWorks President Matt Kibbe commented, "The moral hazard created by the Federal Reserve's disastrous decision to bailout Bear Stearns is already coming home to roost.

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Newspaper Article

FreedomWorks: No Taxpayer Bailout for Fannie Mae, Freddie Mac

BY nhadmin

WASHINGTON, Jul 11, 2008 (BUSINESS WIRE) ----Amid calls by some Wall Street investment bankers for a bailout of the GSEs Fannie Mae and Freddie Mac, FreedomWorks urges lawmakers to clearly reject a taxpayer bailout and to remind investors that there is no government guarantee for the securities of these publicly traded corporations. FreedomWorks President Matt Kibbe commented, "The moral hazard created by the Federal Reserve's disastrous decision to bailout Bear Stearns is already coming home to roost.

07/11/2008
And So It Goes

When the government first proposed its tax rebate scheme last January, many were quick to point out the money was not ultimately, despite the signature on the check, a payment from the US government, but a loan from abroad, largely from Japan and China. Now that we can confidently anticipate the consensus will quickly form around the presumptive necessity of a bailout of that economically distressed couple Freddie and Fannie, it’s worth noting who is ultimately being bailed out here:

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Blog Hit

And So It Goes

BY Dennis Dale

When the government first proposed its tax rebate scheme last January, many were quick to point out the money was not ultimately, despite the signature on the check, a payment from the US government, but a loan from abroad, largely from Japan and China. Now that we can confidently anticipate the consensus will quickly form around the presumptive necessity of a bailout of that economically distressed couple Freddie and Fannie, it’s worth noting who is ultimately being bailed out here:

07/11/2008
U.S. Taxpayer Bailout of China Over Fannie Mae

Source: Global Economic Trend Analysis - Mike Shedlock If the US bails out Fannie Mae bonds as suggested in We're All Homeowners Now, Nationalization of Fannie, Freddie Unavoidable, inquiring mind just might be wondering "Who is the biggest beneficiary?". It's a good question too. Please consider Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds.

http://d7.freedomworks.org.s3.amazonaws.com/styles/thumbnail/s3/te_social_media_share/fw_default_0.jpg?itok=mX_C44GW
Blog Hit

U.S. Taxpayer Bailout of China Over Fannie Mae

BY kwitsach_hadera

Source: Global Economic Trend Analysis - Mike Shedlock If the US bails out Fannie Mae bonds as suggested in We're All Homeowners Now, Nationalization of Fannie, Freddie Unavoidable, inquiring mind just might be wondering "Who is the biggest beneficiary?". It's a good question too. Please consider Chinese Government is Top Foreign Holder of Fannie Mae, Freddie Mac Bonds.

07/11/2008
FreedomWorks urges opposition to $300 billion mortgage bailout by Feds

FreedomWorks, a policy group based in Washington, D.C., is urging taxpayers to voice opposition to HR3221, popularly known as the Dodd-Frank-Countrywide Mortgage Bailout. The organization wants people in Florida’s 2nd District to contact Kristen Hawn [866-887-5841], communications director for the Blue Dog Coalition, a group of Democrats who claim a “deep commitment to the financial stability and national security of the United States.” FreedomWorks hopes the Blue Dogs “buck party leadership and do the right thing for fiscal responsibility by opposing the mortgage bailout when it reaches the House of Representatives.” FW also suggests calling Rep. Allen Boyd (D-2nd Dist.) at 1-866-928-3035 and ask him to show leadership by opposing the bailout.

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Blog Hit

FreedomWorks urges opposition to $300 billion mortgage bailout by Feds

BY Kay Day

FreedomWorks, a policy group based in Washington, D.C., is urging taxpayers to voice opposition to HR3221, popularly known as the Dodd-Frank-Countrywide Mortgage Bailout. The organization wants people in Florida’s 2nd District to contact Kristen Hawn [866-887-5841], communications director for the Blue Dog Coalition, a group of Democrats who claim a “deep commitment to the financial stability and national security of the United States.” FreedomWorks hopes the Blue Dogs “buck party leadership and do the right thing for fiscal responsibility by opposing the mortgage bailout when it reaches the House of Representatives.” FW also suggests calling Rep. Allen Boyd (D-2nd Dist.) at 1-866-928-3035 and ask him to show leadership by opposing the bailout.

07/10/2008
Gas Price Protest Showdown in Maryland

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Press Release

Gas Price Protest Showdown in Maryland

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07/10/2008
Dodd Mortgage Bill Raids Billions More from Fannie Mae, Freddie Mac Capital Base

As the stocks of Freddie Mac and Fannie Mae fall dramatically downward this week, the U.S. Senate is resuming votes on a bill that contains a direct raid on the GSEs’ shrinking capital base. The Dodd-Frank mortgage bailout creates a new housing trust fund that will collect an estimated $530 million a year through a new levy on Fannie Mae and Freddie Mac. The levy must be paid whether Fannie Mae and Freddie Mac make a profit or not.

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Press Release

Dodd Mortgage Bill Raids Billions More from Fannie Mae, Freddie Mac Capital Base

As the stocks of Freddie Mac and Fannie Mae fall dramatically downward this week, the U.S. Senate is resuming votes on a bill that contains a direct raid on the GSEs’ shrinking capital base. The Dodd-Frank mortgage bailout creates a new housing trust fund that will collect an estimated $530 million a year through a new levy on Fannie Mae and Freddie Mac. The levy must be paid whether Fannie Mae and Freddie Mac make a profit or not.

07/10/2008
FreedomWorks vs. Moveon.org

I think I know who I’m siding with. Freedom Works!

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Blog Hit

FreedomWorks vs. Moveon.org

BY Laura Elizabeth

I think I know who I’m siding with. Freedom Works!

07/10/2008

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