Word: maes
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...ease up on homeowners who faced foreclosure, while Bernanke dropped billions into jittery credit markets with a surprise rate cut. Geithner engineered the rescue in March of the investment bank Bear Stearns. In the summer, Paulson horsed Congress into giving him broad authority to seize troubled lenders Fannie Mae and Freddie Mac--which he ended up having to use two months later. And when the three have run into interference from conservatives in the White House who didn't much care for their intervention in free markets--including, at times, aides in the Vice President's office--President Bush...
...financial one. Over the past decade, politicians, scooping up campaign contributions from Wall Street, took down the guardrails that had existed since the Depression. And few were better connected in the corridors of power--or more successful at deflecting proposals for tighter government supervision--than mortgage giants Fannie Mae and Freddie...
...toxic securities in an effort to cleanse the balance sheets of the country’s ailing financial institutions. The unprecedented government intervention in the market follows a series of financial shocks in recent weeks, including the failure of Lehman Brothers, the government takeover of mortgage giants Fannie Mae and Freddie Mac, and the largest government bailout to date—an $85 billion loan to the American Insurance Group, Inc., an insurance company whose near-collapse some feared would send the financial system into a tailspin. The headline-grabbing failures follow a year-long financial decline, caused by unexpectedly...
...being Senators in today's Washington, both took the stage while shadowed by dubious supporters. Obama has ties to the men who pocketed fortunes while running Fannie Mae off a cliff. McCain's campaign manager was a high-priced adviser to, among others, the equally screwed-up Freddie...
...Dressed in tan trousers, a blue blazer and a striped tie - the unofficial uniform of the small-town Chamber of Commerce - McCain cut quite a different figure from his opponent. He radiated toughness with an overlay of irritation. He tried to warn us two years ago that Fannie Mae and Freddie Mac were screwed up, he began, but did America listen? Now look at the trouble...