Word: macs
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
...slide? "The news has got nothing to do with it," says Jeffrey Saut, chief investment strategist at Raymond James. "What it is, is a sequence of events that have brought us into crash mode." Saut traces that sequence of events from the nationalization of Fannie Mae and Freddie Mac, which wiped out the stockholders of those institutions, to the collapse of Lehman Brothers, which did the same to that company's investors, to the run on money-market mutual funds, to the run on Washington Mutual, to the House's unexpected failure to pass the bailout bill the first time...
...mortgage providers have been just as stupid and greedy as their American comrades-in-harm - and this in countries that pride themselves on having tamed the capitalist beast in the name of equality and social justice. So while the U.S. government has had to save Fannie Mae and Freddie Mac, Germany has had to save Hypo Real Estate with $69 billion. Berlin has also guaranteed all private accounts to the tune of $1.37 trillion. Britain has served up a bailout plan for its banks worth about $88 billion, and even Moscow has pumped $186 billion into the Russian banking system...
...charge of keeping track of all the new debt taxpayers have assumed recently, including open-ended loans to financial institutions and companies. They joined Kashkari's counterpart at the Office of Financial Institutions, David Nason, 38, who has been overseeing the titanic nationalization of Fannie Mae and Freddie Mac, as well as the broad new program insuring money-market funds announced Sept...
Walk past the front desk of the MAC. Take a left through the doors, walk down an office-filled hallway, and go through the imposingly heavy metal entrance. Hike up two flights of steep stairs...
...McCain tried to rattle Obama. He talked about Obama's "cronies" behind the collapse of Freddie Mac and Fannie Mae. He jabbed a finger in Obama's direction and said "that one" voted for a pork-barrel energy bill...