In a long-awaited report, the Obama Administration unveiled a series of proposals today calling for the eventual end of the troubled and often-criticized mortgage financing giants, Fannie Mae and Freddie Mac. Treasury and housing officials proposed options for a new … Continue reading
Paul Solman: The second in this week’s series of video exchanges with Simon Johnson of the Peterson Institute of Economics, MIT, and (formerly) the IMF, concerns China. We talked last month, on the occasion of Treasury Secretary Tim Geithner’s visit … Continue reading
Question: Why didn’t the U.S. Treasury turn over the banks to the FDIC and let the FDIC do an audit and dispose of the rotten assets? Paul Solman: “Turn over”? You mean TAKE over. This is the question being asked … Continue reading
Question: Why does everyone avoid discussions about PMI (Personal Mortgage Insurance), which protects the lenders from loss and is required on all loans with less than 20 percent down (except VA & Federal Housing Administration loans)? How can there be … Continue reading
Question/Comment: I am writing this with my mom’s permission. I am 12 years old and my question is if companies like Freddie and Fannie needs government help to bail them out, then how come the CEO’s of these company still … Continue reading
- My conservative friends are convinced that this economic mess is the result of changes to Fannie and Freddie’s lending policies forced on them by the Democrats.
Question/Comment: My conservative friends are convinced that this economic mess is the result of changes to Fannie and Freddie’s lending policies forced on them by the Democrats. My own theory identifies our chronic balance of payments as the chief culprit. … Continue reading
Question/Comment: I’m concerned that your viewers are going to come away from this discussion thinking that the market is to blame. The risky investments you refer to at the root of this problem were ones that the government mandated, ones … Continue reading