Word: mae
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Dates: during 2000-2009
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...just under a month, reporters have been fashioning articles about the financial crisis by simply listing the venerable Wall Street institutions that have met their demise: Bear Stearns, Fannie Mae, Freddie Mac, Lehman Brothers, Merrill Lynch, and, most recently, Washington Mutual...
...overwhelming majority is against it." She cites one letter as representative of the bile poured forth against the bailout: "I live on $23,000 a year. Why should I be asked to bail out a bunch of overpaid greedy heads of companies like AIG, Freddie Mac or Fannie Mae? ... If you're going to pass this bill, then it is only right that you the government pay off my mortgage. All of you ran back to Washington and took care of these overpaid CEOs, but when gas went up to $4 a gallon, you did nothing...
...view, preexistent government policies, starting with [mortgage insurer] Fannie Mae, created this situation by creating all these incentives for risky lending,” he said in a phone interview yesterday. “The bailout package doesn’t stop that. The same thing that caused the problem is still there...
...said she did not know the percentage of alumni working in that sector.Following a year-long slump, financial markets have nose-dived in recent weeks as a series of financial shocks have hit Wall Street, including the failure of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, the largest government bailout to date, an $85-billion loan to the American Insurance Group, and most recently, the failure Washington Mutual and its subsequent takeover by federal officials in the largest bank failure in U.S. history. Amid concern that the crisis could prompt a severe recession...
...support over the weekend from lawmakers on both sides of the aisle and is now expected to be passed Monday by both houses of Congress. The plan follows a slew of financial shocks in recent weeks, including the bankruptcy of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, and most recently, the failure of Washington Mutual and its subsequent seizure by federal regulators, the largest bank failure in American history. While the initial response to Paulson’s plan was favorable, and key lawmakers had signaled their support, it has taken flack from academic...