Last week Freddie Mac released Newt Gingrich from his non-disclosure agreement with them. Now Newt’s old firm is refusing to do the same: A lawyer for a consulting firm founded by former U.S. House Speaker Newt Gingrich said he was barring the release of a contract between the Republican presidential candidate and Freddie Mac. Gingrich […]
Darrell Issa is like that kid who just made hall monitor and takes his duties a little to seriously. Here’s some of what Issa wants to investigate: Issa, who will have power to subpoena government officials to appear before the committee, said he intended to conduct inquiries into the release of classified diplomatic cables by […]
Wow: The chief financial officer (CFO) of Freddie Mac, the giant US mortgage lender and guarantor, has died in an apparent suicide. David Kellermann, who was acting chief financial officer and a senior vice president of Freddie Mac, was found by his wife in their Virginia home, according to local media reports. This story will […]
Paulson has announced he is spending an additional $600 billion to buy up toxic mortgages: The Federal Reserve announced Tuesday that it will purchase up to $600 billion in mortgage-backed assets, the toxic assets that have been weighing down embattled government-sponsored enterprises like Fannie Mae (FNM: News ) and Freddie Mac (FRE: News ). Buying […]
If the NYT’s reporting about Rick Davis is so wrong, then why is he running? John McCain campaign manager Rick Davis–under the spotlight because of his work for mortgage giants Fannie Mae and Freddie Mac–is skipping a Wednesday lunch with reporters sponsored by the Christian Science Monitor. Do the innocent run, or do they try […]
And John McCain does nothing but lie to the American people about it – the same American people expected to bail out these companies. One of the giant mortgage companies at the heart of the credit crisis paid $15,000 a month to a firm owned by Senator John McCain’s campaign manager from the end of […]
McCain has tried so hard to tie Obama to Freddie and Fannie, but guess what? He hasn’t looked closely enough at his own campaign: Senator John McCain’s campaign manager was paid more than $30,000 a month for five years as president of an advocacy group set up by the mortgage giants Fannie Mae and Freddie […]
And they want this idiot to be our vice-President? Speaking before voters in Colorado Springs, the Republican vice presidential nominee claimed that lending giants Fannie Mae and Freddie Mac had “gotten too big and too expensive to the taxpayers.” The companies, as McClatchy reported, “aren’t taxpayer funded but operate as private companies. The takeover may […]