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FHFA OIG: The Continued Profitability of Fannie Mae and Freddie Mac Is Not Assured Part 2

The Facts

The Enterprises are publicly owned entities that borrowed monies in 2008 and paid more than what they owe including the 10% interest.

Obama Administration and government agencies knowingly holding the Enterprises hostage while expropriating all profits and neither the Treasury, Jack Lew nor FHFA, Melvin Watt is denying the fact. 332 more words

Freddie Mac

RBA Watch: Finally the spotlight is turning towards the RBA


An issue of long standing concern to the Glass Pyramid is the role of the RBA within the Australian structure of economic management. 1,155 more words


Singing in spring, collect for lovers

For the lovers, a (loosely) Walt Whitman and spring-inspired treasury.

Is it cool if I live in that pizza sweatshirt? Cause I’ll do it.

Singing in spring, collect for lovers… 87 more words

FHFA OIG: The Continued Profitability of Fannie Mae and Freddie Mac Is Not Assured Part 1

Executive Summary

Fannie Mae and Freddie Mac (collectively, the Enterprises) returned to profitability in 2012 after successive years of losses. Their improved financial performance is encouraging; however, their continued profitability is not assured. 683 more words

Freddie Mac

Even with hiring up, Fed want further gains before rate hike

WASHINGTON (AP) – After holding interest rates at record lows for more than six years, the Federal Reserve still isn’t ready to start raising them. 821 more words


Switzerland returns $380 million stolen by Abacha family to Nigeria

$380m stolen by the family of the late Nigerian head of state Gen. Sani Abacha is to be returned to the nation’s coffers.  The amount which is about N75.2bn at N198/dollar interbank rate was confiscated by Swiss authorities where it had been siphoned to. 94 more words