Word: macs
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...Congressman Barney Frank were left off the list of 25 people to blame for the economic meltdown. Each of them chairs a committee with oversight of banking and housing, the two sectors that got us into this mess. Each of them blocked attempts at tighter controls over Freddie Mac and Fannie Mae. Even more outrageous was Dodd's acceptance of a VIP loan from Countrywide. These two characters ought to be No. 1 and No. 2 in the lineup. Tim Grosscup, VILLA PARK...
...company. Whether the government's stake would rise to the 100% that many economists recommend - completely wiping out existing shareholders - is questionable. But Citi does seem inexorably headed for the same ward-of-the-state status currently occupied by insurer AIG and mortgage giants Fannie Mae and Freddie Mac...
...Gregory Mankiw, the former chair of President Bush’s Council of Economic Advisors and professor at Harvard University. I agree with Dr. Mankiw’s support for free trade and his expression of disappointment that the Republican-controlled Congress did not reform Fannie Mae and Freddie Mac. However, most of his ideas are precisely what led to our country’s current economic disaster...
...Fortunately for the Crimson, Weintraub appears to be hitting his stride just at the midway point of his tenure. Before the setter hangs up his jersey, delighted fans at the MAC can look forward to another 1000 perfectly arching feeds, building anticipation for another 1000 devastating strikes. And all the while, the man who makes Harvard’s offense click will smile in the background, content to humbly showcase his teammates...
...mortgages - ones that have traditionally been for more than $417,000 - are seeing delinquencies accelerate the fastest. In January, 3.32% of such borrowers were behind on their payments, up from 1.75% in August. (That doesn't include the 1.1% of borrowers already in foreclosure.) Since Fannie Mae and Freddie Mac don't buy these large loans, it's been tougher for homeowners to refinance their way out of trouble - and the new housing-rescue package, which specifically excludes jumbo loans, won't do anything to change that dynamic...