Fannie and Freddie need $8.4 billion from US treasury.

Mortgage-finance giants Fannie Mae and Freddie Mac could need nearly $100 billion in bailout money in the event of a new economic crisis, according to stress test results released Monday by their regulator. The companies would need to draw between $34.8 billion and $99.6 billion in U.S. Treasury aid under a “severely adverse” scenario, depending on how they treated assets used to offset taxes, the Federal Housing Finance Agency said in its report. The losses would leave $158.4 billion to ...

President Obama never was shy about using his phone and pen to achieve what he could not get from Congress on regulatory matters. But documents revealed last week show the Obama administration may have been willing to get around congressional decisions on spending by using a slush fund of sorts funded by the profits of Freddie Mac and Fannie Mae, the two government-sponsored home loan giants. Fannie and Freddie are federally chartered enterprises which buy mortgage loans from banks and bu ...

Not too shabby for saving the country from the second great depression. At the end of Bush's term, the DOW was around 7,000. Recently the DOW is around 11,000. Certainly the country is still hurting, but things ARE getting better. http://finance.yahoo.com/banking-budgeting/article/110920/exclusive-treasurys-tarp-aig-bailout-costs-fall-to-30-billion?mod=bb-budgeting&sec=topStories&pos=main&asset=&ccode ...

Good news day. I'm so happy for them and for our country. http://www.washingtonpost.com/blogs/wonkblog/wp/2013/08/29/the-irs-and-medicare-will-now-recognize-same-sex-marriages-all-of-them/ ...

She got the reports from the Baltimore police yesterday. How could she come to the conclusion today? They said she's been investigating since the 13th. Okay...but still in all, she didn't have ALL the evidence. She got the autopsy and police reports yesterday. You can't make a decision without ALL the evidence and she certainly didn't have it! Truthfully, she sounded like she's doing this to quell the protests and that it needed to be the decision. One of the guys s ...

The Treasury is set to run out of cash in October, which may lead to a default on debt obligations or payment delays for government programs, according to a report from the Congressional Budget Office. On March 15, 2017, the suspension of the debt limit expired and since then the Treasury has been able to borrow additional funds without violating the debt ceiling. "The Congressional Budget Office projects that if the debt limit remains unchanged, those measures will be exhausted and the Tr ...

This report is really eye-opening. Geithner ignored suggestions and recommendations every time. This report is a wee bit longer but, like the last report, I have posted the link to read the whole thing. Hopefully this won't be double spaced. This month, SIGTARP released a report, “Treasury Continues Approving Excessive Pay for the Top Executives at Bailed-Out Companies,” which reviewed the process and decisions of Treasury’s Office of the Special Master for TARP ...

Geithner Blasts Fannie and Freddie’s ‘Short-Term’ Strategies That Led to Crisis Treasury chief says administration supports reforming lending giants Tough words from Treasury Secretary Timothy Geithner. In prepared remarks on Tuesday, August 17, Geithner accused Fannie Mae and Freddie Mac of reckless strategies enacted to "maximize short-term returns to shareholders and senior management." A "toxic combination" of perceived governmental guarantees ...

Confirmation in doubt as emboldened progressives take on so-called Wall Street Democrats ...

That's what has been spent so far on getting Obamacare up and running, including the website, fixes to the website (which still isn't fixed), IRS crosschecking, etc. That's alot of money - $2,100,000,000.00. With 8,000,000 signed up, what does that come out to per person? Somebody do the math.....I can't find a calculator big enough - but if I drop the 6 zeros and do 2100 divided by 8 - that comes to 262 - add the 6 zeroes back in - $262,000,000 - is that right ...

BAGHDAD – The U.S. Defense Department is unable to properly account for over 95 percent of $9.1 billion in Iraqi oil money tapped by the U.S. for rebuilding the war ravaged nation, according to an audit released Tuesday. The report by the U.S. Special Investigator for Iraq Reconstruction offers a compelling look at continued laxness in how such funds were being spent in a country where people complain basic services like electricity and clean water are sharply lacking seven years af ...

Seriously, what will it take for our lawmakers to READ the bill before they vote yes or no? I don't about you, but I'm pretty sick and tired of these "glitches" and "surprises" they keep finding. March 2010, Nancy Pelosi: "We need to pass the bill so you can find out what's in it." http://blogs.forbes.com/aroy/2011/06/21/the-450-billion-glitch-3-million-extra-middle-class-americans-eligible-for-medicaid-benefits/ The $450 Billion Glitch: 3 Million Ex ...

Is this part of the TARP money or does she think it's going to magically appear? ISLAMABAD – U.S. Secretary of State Hillary Rodham Clinton sought Monday to convince skeptical Pakistanis that American interest in their country extends beyond the fight against Islamist militants by announcing a raft of new aid projects worth $500 million. The projects, which include hospitals and new dams for badly needed electricity, are part of a $7.5 billion aid effort to win over Pakistan ...

The Obama administration on Tuesday backed a proposal to spend up to $6 billion more on subsidies for electric vehicles, amid renewed interest on Capitol Hill in measures to cut petroleum consumption in response to the Gulf of Mexico oil spill. Okay...so more money being spent by the govt. We do not have the money to spend on this. Some cons to the electric car: Current batteries have relatively short trip capacity.Recharge time can be hours, so you don't just stop at the station f ...

My bad if this has been posted before. It was news to me. ...

This week, the Obama administration quietly released $1.5 billion in foreign aid to the new Egyptian government, now dominated by a Brotherhood-led coalition in parliament — soon to be joined by an Ikhwan (i.e., Brotherhood) luminary as president. ...

It starts with the figures released in 2009, when the deficit reached a record high of $1.4 trillion. Why is the column in red? Because, thanks to fiscal years, Obama inherited a deficit of nearly $1.3 trillion from Bush/Cheney the moment he took the oath of office. This year, however, according to the official data published by the Treasury Department, the deficit is 1.089 trillion. A big number, but going down--no thanks to those helpful Republicans in Congress. ...

I can't believe people were duped into this "health care" scam. It's not about health care, how many times do we have to say it. It's about CONTROL. ...

The Commission on Wartime Contractingin Iraq and Afghanistan was created in 2008 under W with broad bipartisan support. Membership on the commission consisted of 4 democrats and 4 republicans, appointed by Pelosi, Boehner, Reid and W. http://www.trivalleycentral.com/articles/2011/08/31/front/doc4e5e645007cde227434173.txt ...

Same president. Same senate and house leaders. Over 90%+ of encumbants were re-elected. What insanity, doing the same things and expecting a different result. We desparately need term limits at all levels of government. Both sides have to stop demonizing the other side. There are just as many corrupt liberals as conservatives as democrats as republicans, etc. Your liberal opinion isn't truth or better and my conservative opinion isn't evil. We are on a ...

I can't imagine how the left will try to spin this one. ...

Very, very interesting article. ...

Thirty-six states that rely on private managed care programs to provide medical services to all or some of their Medicaid recipients are facing an added ObamaCare tax. According to a report by Milliman consulting actuaries, states that contract with Medicaid managed care plans face up to $15 billion in added costs over 10 years for their share of the law’s tax on private health insurance. States will pay even if they strongly oppose ObamaCare and are refusing to establish healt ...

Ford Motor Co (F.N) said Tuesday it will cancel a planned $1.6 billion factory in Mexico and will invest $700 million at a Michigan factory as it expands its electric vehicle and hybrid offerings. The second largest U.S. automaker had come under harsh criticism from President-elect Donald Trump for its Mexican investment plans. ...

BTW, you do realize that our debt has gone OVER the $18 Trillion mark, don't you? It happened on the 15th, but that's another post.WASHINGTON (AP) — Federal agencies set a new record for improper payments last year, shelling out $125 billion in questionable benefits after years of declines. The payments included tax credits for families that didn't qualify, Medicare payments for treatments that might not have been necessary, and unemployment benefits for people who were act ...

This is what winning looks like! #MAGA ...

The federal government has no idea how many tax dollars it’s wasting on redundant federal programs every year—but it’s likely in the neighborhood of $45 billion. That’s according to the Government Accountability Office, which identified more than two dozen new areas of inefficiency and overlap in its annual reportto Congress. This is on top of the more than 160 redundant areas that the GAO has identified in its three previous reports. “It's impossible to ...

see immigration differently. The president’s aggressive executive action on immigration is still being litigated, and Mr. Trump proposes action of a different kind. In the meantime, tax credits and refunds for illegal immigrants have become controversial. Forbes ...

Fannie and Freddie need $8.4 billion from US treasury.

Barney needs some new toys! or new boys! - what a joke...

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