...do not âdefeatâ controls â they turn them into oxymoronic allies.) The Business Roundtableâs spokesman, Franklin Raines, Fannie Maeâs former CEO, explained in a Business Week interview what caused the epidemic of accounting control fraud that became...
...work with the Fed and participate in the $3 billion bailout of Long Term Capital Management in 1998. Payback is a bitch. Fannie Mae and Freddie Mac These government-sponsored enterprises could not be allowed to fall. They own or guarantee about half of...
...and Freddie Mac to borrow money in the bond market at lower rates (yields) than other financial institutions. The yields on Fannie Mae and Freddie Mac's corporate debt, known as agency debt, was historically about 35 basis points (.35%) higher than U.S....
...days of the announcement date. Fannie Mae may forego any scheduled Benchmark Bills or Benchmark Notes issuance. If Fannie Mae elects not to issue a scheduled Benchmark offering, it will provide notice of its election either prior to or on the scheduled...
Background
The Federal National Mortgage Association (FNMA) (NYSE: FNM), commonly known as Fannie Mae, is a government sponsored enterprise (GSE) of the United States government. As a GSE, it is a shareholder-owned corporation authorized to make loans and loan guarantees. It is not backed or funded by the U.S. government, nor do the securities it issues benefit from any explicit government guarantee or protection.
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Herbert Allison said this in:
1 week ago from Washington Business Journal