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Aristide Economopoulos/The Star-LedgerJeffrey Chiesa, New Jersey's attorney general, announced this week that New Jersey will receive an estimated $837.7 million from a nationwide settlement with five of the country's largest mortgage servicers. Still, i
The primary players that caused the housing bubble are: 1) The banking institutions that bundled and sold very risky mortgages 2) The Wall Street firms that bought these instruments and hedged for a default hazard by booking speculative derivative insura
WASHINGTON, DC - MARCH 15: Former Fannie Mae Chairman and CEO Franklin Raines (R) attends a discussion with former Federal Reserve Bank Chairman Alan Greenspan at the Council of Foreign Relations on March 15, 2011 in Washington, DC. Fed chairman from... View Photo »
This wouldn't be a partisan ploy would it???? Heavens no, it couldn't be. It's more likely someone's not too bright. My guess is it's Jason Gant. Hhhhmmmmm??? Gotta love conservative logic. If these people had been voting Republican, it would have been a
Posted by denny at January 26, 2012 02:14 PM And if you asked this liberal heckler what she though about Franklin Raines and Jamie Gorelick looting Fannie and Freddie she would cover her ears and say, "La la la. I can't hear you!" Or about the role Bawne
National Journal has a look at a second contract between Freddie Mac and Newt Gingrich, and it raises the same questions as the first. Once again, Gingrich as a consultant reported to the senior VP of government relations at Freddie Mac (Mitchell Delk),
Here’s the basic story from the Des Moines Register: “A Des Moines man has been arrested after police say he used, or tried to use, the identity of Iowa Secretary of State Matt Schultz in a scheme to falsely implicate Schultz in perceived unethical behav
Obama adviser Franklin Raines is glaringly absent from an SEC lawsuit against Fannie Mae and Freddie Mac executives for defrauding investors. How convenient. Raines first plunged Fannie into the subprime abyss as its chairman and chief executive from 199
Franklin Delano "Fred" Raines (born January 14, 1949 in Seattle, Washington) is the former chairman and chief executive officer of the Federal National Mortgage Association, commonly known as Fannie Mae, who served as White House budget director under President Bill Clinton. Full Article
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