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Results for ""fannie mae""

Fannie Mae: Brother Can You Spare $4.6 Billion?

By Doug Powers  •  February 29, 2012 01:58 PM

**Written by Doug Powers “These two entities — Fannie Mae and Freddie Mac — are not facing any kind of financial crisis.” … “I want to roll the dice a little bit more in this situation towards subsidized housing.” — Rep. Barney Frank, 2003 Maybe it’s a good thing Wall Street Reform and Consumer Protection […]

Who’s Up For Another Fannie Mae Bailout?

By Doug Powers  •  May 9, 2011 11:20 AM

**Written by Doug Powers Thank goodness the Dodd-Frank bill took care of the problems, eh? From Reuters: Mortgage finance giant Fannie Mae (FNMA.OB) on Friday said it would ask for an additional $8.5 billion from taxpayers as it continues to suffer losses on loans made prior to 2009. The largest U.S. residential mortgage funds provider […]

Summer of Corruption: Countrywide + Fannie Mae = Subprime slime

By Michelle Malkin  •  August 9, 2010 09:44 AM

We continue to discover how much wider and deeper the tentacles of the Countrywide Financial Corporation VIP program reached. As was widely reported last month, some 153 Fannie Mae employees reaped Countrywide VIP benefits. That’s in addition to the 30 VIP loans that went to other Senators and their employees besides corruptocrat Democrat Sen. Chris […]

I am changing my name to Fannie Mae; plus: the blind leading the blind

By Michelle Malkin  •  October 24, 2008 12:00 PM

“I’ll get mine.”

Fannie Mae fatcat/friend of Obama buys $4.9 million penthouse

By Michelle Malkin  •  October 9, 2008 11:11 AM

Home and garden.

Crackdown on Fannie Mae corruptocrats

By Michelle Malkin  •  December 19, 2006 09:34 AM

Franklin Raines: The Ken Lay of Fannie Mae The corruption at behemoth government boondoggle Fannie Mae–I’ve called it the mother of all financial scandals– deserves as much attention as the Enron debacle, but it won’t get it. Check it out: Clintonite Franklin Raines now faces civil charges, along with two other former executives, of manipulating […]


By thisistwitchy  •  January 6, 2005 08:38 AM

Rep. Richard H. Baker (R-La.), chairman of the House Financial Services subcommittee that monitors government-chartered Fannie Mae, is continuing his relentless campaign to hold the financial behemoth accountable to taxpayers. Fannie Mae’s current and former executives should be forced to return any of the millions of dollars in bonuses they received since 2001 that were […]


By Michelle Malkin  •  December 21, 2004 10:55 PM

Finally. Fannie Mae CEO and Clinton crony Franklin Raines is out. CFO Timothy Howard and Fannie Mae’s accounting firm KMPG got the axe, too. “Nobody takes pleasure in the misfortune of others, but we can be grateful that none of the terrible activities disclosed to date has had any negative consequences on the taxpayers or […]


By Michelle Malkin  •  December 16, 2004 01:33 PM

The Securities & Exchange Commission is finally cracking down on the behemoth government boondoggle known as Fannie Mae. (Previous Fannie coverage here and here.) From the Washington Post: The Securities and Exchange Commission’s top accountant last night told mortgage funding giant Fannie Mae that it should correct its past accounting, a directive that could erase […]


By Michelle Malkin  •  September 23, 2004 11:02 AM

The Washington Post notes a new report slamming shoddy accounting practices at Fannie Mae, the behemoth, federally chartered mortgage finance company that receives a host of government benefits and exemptions from normal securities regulations: Though it didn’t quantify the effect of what it called pervasive misapplication of accounting rules on the company’s books, the report […]