Fannie Mae

As I said in an earlier post, taking over Fannie and Freddie has been the plan all along for the Bush Administration. They have been planning this since at least March. Coincidentally, I have confirming evidence now. The New York Times…

Everyone should recall that Fannie Mae and Freddie Mac were forced to massively increase their already bloated balance sheet in the aftermath of the Bear Stearns collapse. It seems reasonable to me to assume that the two organizations did…

The situation with Fannie and Freddie is coming to a head soon. Here are a few links on the chatter in the markets and on the blogosphere:Fannie, Freddie `Insolvent' After Losses, Poole Says - BloombergU.S. Mulls Future of Fannie, Freddie -…

According to a Wall Street Journal report, the Treasury is concerned enough about the viability of Fannie and Freddie that they have discussed contingency plans in the case of potential bankruptcy.Given the level of risk these two are…

How many AAA companies do you know of that have seen 80% declines in their market value?Two that I can think of:Fannie Mae (FNM)and Freddie Mac (FRE)

$75 billion is the capital shortfall that Fannie Mae and Freddie Mac are facing, according to a report by Lehman Brothers. This type of worry is the reason for their sudden fall in the markets yesterday.Fannie Mae and Freddie Mac triggered…

Today, Fannie released horrible quarterly financial results. The company lost $2.2 billion and is now looking to shore up its capital base. Fannie said an estimate of its fair value of net assets was $12.2bn at the end of the first…