Bailout urgency sounds like war with Iraq, Paulson’s ability questioned

Just use our search box to look up “Paulson” and you will see a problem. Henry Paulson was in charge at Goldman-Sachs, and is now the treasury secretary. In August 2007 Paulson said he did not see anything that caused him to reconsider his view that the economic damage from the housing correction was ┬ôlargely …

Breaking News — Fannie Mae and Freddie Mac nationalized

Senior Bush administration and Federal Reserve officials called in top executives of Fannie Mae and Freddie Mac on Friday and told them that the government was preparing to place the two companies under federal control, officials and company executives said. The executives were told they and their boards would be replaced and shareholders would be …

Predatory lenders run from New York, Fannie and Freddie included

There was a time when predatory lending laws at the state level were dismissed at the federal level by federally regulated banks. No any more! Even troubled Fannie Mae and Freddie Mac are leaving New York in a lurch. They are exiting the subprime market in New York, citing a new state law that could …