NEWARK, N.J. — They say you can't take it with you when you die, but that's not necessarily true for the wealthiest Americans — like Donald Trump. He announced this week he is considering building a 1.5-acre cemetery next to his high-end golf course in Bedminster, where members pay a lifetime fee of as ...
In the Wild West of the ongoing mortgage mess, there’s a new sheriff in town. And he’s not handing "Get Out of Jail Free" cards in return for a $25 billion check. ...
ISELIN, New Jersey — Two top Federal Reserve officials on Friday pushed the case for more stimulus from the U.S. central bank to help the economic recovery, each zeroing in on the country's weak housing market ...
Federal regulators have charged six former executives -- including former CEOs -- at mortgage giants Fannie Mae and Freddie Mac with securities fraud, alleging they misled investors about their exposure to risky subprime mortgage debt. The Securities and Exchange Commission said it sued three former executives at Fannie Mae and three at Freddie Mac Friday. The civil ...
More political scandal. Finally this is making news in the general media. I wrote about this the other day ...
The MF Global debacle is getting messier and messier. ...
2001 April: The Administration’s FY02 budget declares that the size of Fannie Mae and Freddie Mac is "a potential problem," because "financial trouble of a large GSE could cause strong repercussions in financial markets, affecting Federally insured entities and economic activity." 2002 May: The President calls for the disclosure and corporate governance principles contained ...
As expected the Fed left the policy rate unchanged at 0-0.25% and made no change in the stimulus. While providing a more positive tone on economic growth and household spending, the latest staff projections on economic growth were downwardly revised from those estimated in June. Policymakers reiterated commitments to improve communication and Chairman Ben ...
A leading housing regulator on Monday announced changes to a government refinancing program that could help up to one million homeowners of the estimated 11 million whose homes are worth less than their mortgage. The Federal Housing Finance Agency, which oversees mortgage finance sources Fannie Mae and Freddie Mac, said it was easing the terms ...
The annual World Bank/IMF meeting indeed showed some influences by urging European leaders to deliver more effective measures to resolve the sovereign debt crisis engulfing the Eurozone. ...