Boston Globe (Free subscription) | 5 hours ago
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure the mortgage giants.
Examiner (Free subscription) | 15 hours ago
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure the mortgage giants.
Philadelphia Inquirer (Free subscription) | 10 hours ago
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure the mortgage giants.
OpenMarket (Free subscription) | yesterday
When Congress authorized a taxpayer bailout of government-backed mortgage giants Fannie Mae and Freddie Mac, supporters claimed that the mere authorization of a bailout would restore investor confidence in the mortgage giants and eliminate the need for taxpayers to spend even a penny actually bailing them out. Now it turns out that many billions of dollars [...]
Seattle Times (Free subscription) | 11 hours ago
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure the mortgage giants.
MSNBC.com (Free subscription) | 15 hours ago
Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the housing bubble would burst.
The Washington Times (Free subscription) | 15 hours ago
Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure the mortgage giants.
kansascity.com (Free subscription) | 11 hours ago
WASHINGTON | Mortgage giants Fannie Mae and Freddie Mac — despite their collection of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst.
fivecentnickel.com (Free subscription) | 10 hours ago
According to recent reports, mortgage giants Fannie Mae and Freddie Mac are on the cusp of failure, and may be taken over by the federal government as soon as this weekend. The two companies, which together account for nearly half of the nation’s $10+ trillion in mortgage debt, have piled up $14 billion in debt [...]
PoliGazette (Free subscription) | yesterday
After months of deliberations, the U.S. government has (likely) decided to take over mortgage giants Fannie Mae and Freddie Mac ‘as soon as this weekend.’ A source, who wishes to remain anonymous, with knowledge about the subject said the move would force Fannie Mae CEO Daniel Mudd and Freddie Mac CEO Richard Syron to resign. ©2008 [...]
International Herald Tribune (Free subscription) | 2 hours ago
Treasury will take control of Fannie Mae and Freddie Mac, replacing their top executives and boards. Ultimate cost of the bailout is unclear, but congressional accountants estimate $25 billion.
Market Watch (Free subscription) | yesterday
SAN FRANCISCO (MarketWatch) Rep. Barney Frank (D., Mass.) confirmed Saturday that Treasury Secretary Henry Paulson is planning government intervention to back troubled mortgage giants Fannie Mae and Freddie Mac. The chairman of the House Financial Services Committee said in a statement Saturday that Paulson "intends to use the powers that Congress provided it" in a law passed...
Market Watch (Free subscription) | yesterday
The Treasury Department could announce as early this weekend a plan to bail out and recapitalize collapsing home mortgage giants Fannie Mae and Freddie Mac in one of the biggest government rescues in U.S. history.
Obama HQ (Free subscription) | 14 hours ago
With discussions underway about possible government intervention to back troubled mortgage giants Fannie Mae and Freddie Mac, Senator Obama released the following statement today: The extremely serious situation with Fannie Mae and Freddie Mac affects millions of homeowners, our financial system, and our entire economy. I have been and will continue to monitor this situation...
Star Tribune (Free subscription) | 15 hours ago
TERRE HAUTE, Ind. - Democratic presidential nominee Barack Obama said Saturday that any government takeover of troubled mortgage giants Fannie Mae and Freddie Mac must put the interests of taxpayers and homeowners first. His opponent, GOP nominee John McCain, said it was essential to restructure the mortgage giants."Any action we take must be focused not on the whims...
