Word: mortgagees
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Dates: during 2000-2009
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Let's also keep in mind that if Reserve Management were a big, multi-faceted money manager instead of a focused, privately held company, there's a good chance it would have averted having to mark down its fund. We can say that because that's what big, multi-faceted...
And whose job would that be? Well, it's your job, U.S. taxpayers! If this seems unfair, that's because it is. Mortgage brokers, investment bankers, house flippers and other sharpies got rich causing this mess. Now all of us have to pay to fix it. The one possible bright...
Even after committing $285 billion over the past couple of weeks to bail out mortgage lenders Fannie Mae and Freddie Mac and insurer AIG, the Federal Government is now looking to fork over more - much more.
The Treasury Department and Federal Reserve now are making plans to buy troubled mortgage securities en masse from banks and other financial firms. This would amount to moving from ad hoc loans and bailouts to a more systematic approach to resolving the bad-debt problems at the heart of the...
With the United States’ own economy facing growing problems, such actions would also demonstrate a true commitment to promoting African democracy and economic growth. The collapse of major investment banks and mortgage giants in the United States should not hinder the country from sending diplomatic aid abroad. Instead...