Fannie Mae, Freddie Mac: The Takeover
Economy
Global Nightmare: If Fannie And Freddie Had Failed()
September 9, 2008 The U.S. takeover of mortgage giants Fannie Mae and Freddie Mac may end up costing American taxpayers a bundle. But world economic leaders say the cost of not saving them would have been unimaginable.
Business
Bailout Hits Mortgage Brokers()
September 9, 2008 The federal bailout of Fannie Mae and Freddie Mac is sure to trickle down to every corner of the real estate market. A mortgage broker in Cape Coral, Florida, explains how the bailout has changed his business.
Business
Big Severance Packages Await Fannie, Freddie CEOs()
September 9, 2008 The government takeover of mortgage finance companies Fannie Mae and Freddie Mac has cost CEOs Daniel Mudd and Richard Syron their jobs. But Fannie Mae's Mudd could collect more than $9 million for leaving, while Syron could receive exit pay of more than $14 million.
Economy
Dodd Questions Fannie Mae, Freddie Mac Takeover()
September 9, 2008 Democratic Sen. Christopher Dodd, chairman of the Senate Banking Committee, has questions about the government's takeover plan for the two housing finance giants. Dodd says he's surprised the authority to take control of the companies was actually used — and so quickly after it was given.
Economy
Understanding The Fannie, Freddie Rescue()
September 8, 2008 The U.S. government's sweeping takeover plan for Fannie Mae and Freddie Mac was aimed at stabilizing the U.S. financial system and ensuring the availability of mortgages. Here, a look at some of the reasons the government decided to act and the implications for taxpayers.
Economy
What's The Future For Fannie & Freddie?()
September 8, 2008 The government rescue of Fannie Mae and Freddie Mac sent mortgage rates plunging on Monday. Some bond investors say this is a positive first sign. But the future of these two mortgage financing giants depends on what happens when a new administration takes over in Washington.
Economy
Government Taking Over Fannie, Freddie()
September 8, 2008 The federal government is taking over mortgage companies Fannie Mae and Freddie Mac. New York Times financial editor Gretchen Morgenson breaks down what this means for consumers.
Economy
Paulson: Mortgage Takeover Key For Economy()
September 8, 2008 The federal takeover of Fannie Mae and Freddie Mac is aimed at preventing a "serious risk to the financial system," which is "critical to our overall economy," Treasury Secretary Henry Paulson tells NPR.
Economy
Treasury Department To Bolster Fannie, Freddie()
September 8, 2008 The federal government Sunday took control of Fannie Mae and Freddie Mac in order to stabilize the housing market and end questions about the firms' finances. The Treasury Department is expected to provide billions of dollars to shore up the beleaguered mortgage giants.
Planet Money
U.S.-China Cash Flow Depends On Fannie, Freddie()
September 8, 2008 Thanks to the trade deficit, every day China ends up with a billion new U.S. dollars. By buying bonds from the mortgage giants, it has a reliable way to send the U.S. dollars back — so Americans can buy more from China.
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