Word: jobbing
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...Others think at least some portion of Fannie and Freddie may need to be nationalized. Congressman Barney Frank told the same group of reporters that it might make sense to nationalize the duties of Fannie and Freddie that have to do with promoting affordable housing. The job they do of supporting the mortgage market could be returned to the private sector. "The two roles should be separated," says Frank, a Democrat who heads the House Financial Services Committee...
...bottom lines of Fannie and Freddie are any guide, the government seems to be doing a less than stellar job with the two mortgage-financing giants. In the first three months of this year alone, Fannie and Freddie lost a combined $33 billion; the government has pumped $85 billion in equity into the two companies to keep them afloat. What's more, the Treasury and the Federal Reserve have purchased more than $700 billion of Fannie and Freddie mortgage securities. Still, the turnaround of the two companies is not yet in sight. Lockhart said the bottom lines of Fannie...
...That ultimately left the job of turning around the two troubled giants to Lockhart, who was formerly the chief operating officer of the Social Security Administration. He says he meets with senior executives of both companies once a week; his staff interacts with Fannie and Freddie every day. Lockhart believes that the government has done a better job of running Fannie and Freddie than the bottom lines of the two companies suggest. Most of the losses suffered by the mortgage giants, he notes, resulted from mortgages that Fannie and Freddie backed before they were taken over. Furthermore, part...
...ironic," she said. "The case they gave me interviewing for the proctoring job was a rape case, and the answer was to do this and do that, and to talk to these people. But now those offices aren't even going to be open...
...raised by a single mom. Single moms can do a great job. But the ideal for children ... is to be in a home with a man and a woman. And the government should strive for the ideal." - Explaining his opposition to same-sex marriage (CNN's "State of the Union," April...