Treasury Department Lifts Fannie / Freddie Cap
The Treasury Department has lifted the $400 billion financial “aid” cap that had limited the bailout of Fannie Mae and Freddie Mac.
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Expect Millions Of Foreclosures
Washington, DC — The loan modification that was supposed to offered to homes going into foreclosure does not appear to be working. Michael Barr, assistant Treasury secretary for financial institutions, said, “The recent crisis in the housing sector has devastated families and communities across the country and is at the center of our financial [...]
Does Money Grow On Trees?
Washington, DC — Many Americans are unaware of a new practice by the Federal Reserve — they buy securities from the Treasury Department. This is even easier than picking money from a tree. You just print it. In their most recent meeting, the Fed acknowledged a concern over increasing this practice and [...]