The Sunshine Report

Category Archive: GSE

1. Wall Street’s Fatal Defect — Republished From The Huffington Post

   0 Post on December 29, 2010

   The fate of Fred­die Mac and Fan­nie Mae will be cen­ter stage in Jan­u­ary when the Obama admin­is­tra­tion makes its required Con­gres­sional rec­om­men­da­tions about what to do about the two com­pa­nies. The stakes for home­own­ers and the econ­omy couldn’t be higher as the next Con­gres­sional ses­sion will deter­mine if the U.S. has a pri­vate mort­gage mar­ket or if, by con­trol­ling hous­ing finance, gov­ern­ment bureau­crats will be able to direct where Amer­i­cans live and how much they pay for hous­ing. [read full story]

   Posted in: BANKS, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Public Policy, REGULATION, Regulatory Reform

2. Let’s Do The Time Warp Again; Advocates of a 4.5% Mortgage Rate Must Have Come From Another Time And Place

   2 Post on February 8, 2009

   When I hear peo­ple talk about the gov­ern­ment essen­tially man­dat­ing that banks and Fred­die Mac and Fan­nie Mae orig­i­nate 4.5% 30 year fixed mort­gages I think of the Rocky Hor­ror Pic­ture Show and The Time Warp. Mem­bers of Con­gress and econ­o­mists who are push­ing under­priced mort­gages must be from another time and place oth­er­wise they […] [read full story]

   Posted in: BANKS, Bush Administration, Business Environment, Credit Crisis, economy, Fannie Mae, Finance, Freddie Mac, housing crisis, Mortgage, Obama, Politics, Public Policy, REGULATION

3. A Letter To President Elect Obama – How to restore confidence

   0 Post on December 4, 2008

   Dear Pres­i­dent Elect Obama: As you get closer to inau­gu­ra­tion I would like to make a few sug­ges­tions for your admin­is­tra­tion and its future eco­nomic pol­icy. Every­one knows that the econ­omy is in trou­ble and con­fi­dence in the future is low. Con­fi­dence in the United States eco­nomic sys­tem and gov­ern­ment is our nation’s most impor­tant asset. Unfor­tu­nately, […] [read full story]

   Posted in: Accounting, BANKS, Confidence, Credit Crisis, Credit Default Swaps, Deflation, economy, Fannie Mae, FAS 140, FASB, Finance, Fiscal Policy, Freddie Mac, Mark to market accounting, Obama, Politics, Public Policy, Regulatory Reform, SEC, Securitization

4. Money Supply and Economic Data Weekly Watch – Smokey the Bear Says, “If you start a fire, put it out. Only you can prevent wildfires.”

   1 Post on September 20, 2008

     OK. I admit it. Nei­ther Ben Bernanke nor Hank Paul­son looks like Smokey the Bear (although Smokey does resem­ble my dog, Kelly). But like fire­fight­ers try­ing to save the for­est, the dynamic duo are fever­ishly try­ing to save the U.S. econ­omy from an eco­nomic wild­fire by drown­ing the cri­sis with liq­uid­ity. Every week I […] [read full story]

   Posted in: BANKS, Bernanke, Credit Crisis, Deflation, Economic Statistics, economy, Fannie Mae, Federal Funds Rate, Federal Reserve, Finance, FOX BUSINESS NETWORK, Freddie Mac, Great Depression, Inflation, M1, M2, monetary policy, Money Supply, Paulson

5. Are We There Yet? No Way! (And How to Know When We Are There)

   1 Post on September 16, 2008

   Given the events of the past few days it is once again time to exam­ine the immor­tal ques­tion posed by chil­dren and traders alike, “are we there yet”? Nope, not yet, we aren’t there yet, not even close. The bot­tom hasn’t been found in the credit mar­kets or the stock mar­ket and, unfor­tu­nately, we still have […] [read full story]

   Posted in: AIG, BANKS, Credit Crisis, Economic Statistics, economy, Fannie Mae, Federal Reserve, Finance, FOX BUSINESS NETWORK, Freddie Mac, Lehman, Seeking Alpha, Stock Market

6. TELL ME IT AN’T SO…PAULSON HANDS OUT A “GET OUT OF JAIL FREE” CARD" rel="bookmark">TELL ME IT AN’T SO…PAULSON HANDS OUT A “GET OUT OF JAIL FREE” CARD

   1 Post on September 8, 2008

   This morn­ing on CNBC, Sec­re­tary of the Trea­sury Hank Paul­son advanced the cause of reck­less behav­ior when he inex­plic­a­bly gave the man­age­ment and boards of Fred­die Mac and Fan­nie Mae a “get out of jail free” card. Amaz­ingly, Paul­son announced that he didn’t blame the respec­tive senior exec­u­tives and boards for the fail­ures and that […] [read full story]

   Posted in: Credit Crisis, Criminal Law, Disclosure, economy, Fannie Mae, Finance, Freddie Mac, Paulson, Secretary Snow

7. UPDATE ON FREDDIE MAC AND FANNIE MAE" rel="bookmark">UPDATE ON FREDDIE MAC AND FANNIE MAE

   0 Post on July 15, 2008

   Set forth below is a great piece of research that was drafted by Len Blum, Man­ag­ing Direc­tor, West­wood Cap­i­tal. As you may know for many years I was a col­league of Len’s at West­wood. While I am biased and believe that all of Len’s work is high qual­ity, I am cer­tain that you will agree […] [read full story]

   Posted in: BANKS, Credit Crisis, Fannie Mae, Freddie Mac, GSE, Len Blum, Westwood Capital

8. FREDDIE MAC AND FANNIE MAE – THE ONLY SURPRISE IS THAT ANYONE IS SURPRISED" rel="bookmark">FREDDIE MAC AND FANNIE MAE – THE ONLY SURPRISE IS THAT ANYONE IS SURPRISED

   0 Post on July 12, 2008

   I don’t under­stand why any­one is sur­prised at the likely col­lapse of Fred­die Mac and Fan­nie Mae. It has been inevitable for a long time that they are des­tined to fail and the sooner the gov­ern­ment real­izes this inevitabil­ity the bet­ter. While Fred­die Mac and Fan­nie Mae are gen­er­ally referred to as “gov­ern­ment spon­sored enti­ties” […] [read full story]

   Posted in: BANKS, Fannie Mae, Freddie Mac, GSE, Leverage