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  • Freddie Mac

    No-More-Bailouts Bill Springs a Leak: Fannie and Freddie Ask for More

    Supporters of Sen. Chris Dodd’s financial regulation bill say it will end financial bailouts. In fact, the Senate — anxious to reassure Americans on that fact — even added an amendment last week with a stated purpose “[t]o prohibit taxpayers from ever having to bail out the financial sector.” But … More

    Morning Bell: Fannie and Freddie Failure Forever

    Yesterday, Sen. Chris Dodd (D-CT) told reporters about his financial regulation bill, “We’ve ended the ‘too big to fail’ debate. So no longer do I expect any argument to be made that this bill exposes the American taxpayer.” Really. Someone might want to tell Sen. Dodd that in other news … More

    A Snake Oil Sales Pitch for President Obama's Bank Tax

    It must not be easy being Treasury Secretary Timothy Geithner, these days. His latest task is to sell a skeptical Congress on the Obama Administration’s $90 billion bank tax with something of a convoluted snake oil sales pitch. He tried to make his argument to the Senate Finance Committee on … More

    Obama's Bank Tax - The Victim is YOU!

    So President Obama wants to slap a tax on banks, but should you really care? Absolutely. Those taxes are going to wind up costing YOU money, whether you’re a customer, a bank employee or an investor, according to the non-partisan Congressional Budget Office (CBO). As ABC News reports, the CBO … More

    In Pictures: Obama’s Bank Tax - Robbing Peter to Pay Paul

    In his State of the Union Address, President Barack Obama proposed “a modest fee” on banks that “would pay back the taxpayers who rescued them in their time of need.” In truth, his bank tax would hit financial institutions who have paid back their bailout funds, with interest, while those … More

    Morning Bell: The President's Permanent Political Slush Fund

    After suffering major electoral and legislative defeats last month, President Barack Obama took to the campaign trail in Nashua, New Hampshire, pitching his administration’s latest new plan to lower our nation’s double digit unemployment rate. This time, the President hopes to do for small businesses what Fannie Mae and Freddie Mac … More

    Fannie and Freddie: The Sky’s the Limit

    While most of us were at home waiting for Santa and his reindeer to arrive, a gift arrived for mortgage giants Fannie Mae and Freddie Mac, as the Obama Administration lifted caps on how much bailout money they can receive from the U.S. Treasury. The old limits for the firms, … More

    Health Care Co-ops: What's Inside the Box?

    Last month, Senator Kent Conrad (D-ND) suggested that maybe some form of “consumer cooperative” might be a politically acceptable alternative to the “competing public plan” idea. Since then, growing opposition to the “public plan” has fueled growing interest among Sen. Conrad’s colleagues in his “co-op” idea. However, as with the … More

    Smoking Gun of the Housing Crisis

    At yesterday’s Bloggers Briefing at Heritage, Rep. Darrell Issa (R-CA), ranking member on the House Oversight and Government Reform Committee, touted a 26-page report that holds the government accountable for the housing crisis through its unsustainable drive to increase homeownership. The report sheds light on the unnecessary interference of government … More

    Barney Frank Calls For Bigger Losses at Fannie and Freddie

    Barney Frank, Chairman of the House Financial Services Committee has suggested that Fannie Mae and Freddie Mac, the now bankrupt housing finance giants, should relax their lending standards. This suggestion is farcical. One’s immediate reaction after the laughter has subsided might well be, “will we never learn?” For many years, … More