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  • Editor's pick
    • BASRA, IRAQ - OCTOBER 18:  People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve. From Getty Images.

      BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.

    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

  • Hot off the wire
    • Russia's Elena Dementieva plays against  Israel's Shahar Peer during their quarter-final match at the ASB Classic Women's Tennis Tournament, Auckland, New Zealand, Thursday, Jan. 8, 2009. Dementieva won in straight sets 6-3 6-1. From AP Photo by David Rowland.

      Russia's Elena Dementieva plays against Israel's Shahar Peer during their quarter-final match at the ASB Classic Women's Tennis Tournament, Auckland, New Zealand, Thursday, Jan. 8, 2009. Dementieva won in straight sets 6-3 6-1.

    • Houston Rockets center Yao Ming reacts after making a basket late in the fourth quarter of their NBA basketball game  against the Boston Celtics in Boston, Massachusetts January 7, 2009. From Reuters Pictures by REUTERS.

      Houston Rockets center Yao Ming reacts after making a basket late in the fourth quarter of their NBA basketball game against the Boston Celtics in Boston, Massachusetts January 7, 2009.

    • Lucie Safarova of the Czech Republic hits a forehand return to Victoria Azarenka of Belarus in the quarter-finals of the Brisbane International being played in Brisbane, on January 8, 2009. Azarenka won the match 7-6, 6-4 in the tournament used by top players as a warm-up for the Australia Open starting January 19, 2009. From Getty Images by AFP/Getty Images.

      Lucie Safarova of the Czech Republic hits a forehand return to Victoria Azarenka of Belarus in the quarter-finals of the Brisbane International being played in Brisbane, on January 8, 2009. Azarenka won the match 7-6, 6-4 in the tournament used by top players as a warm-up for the Australia Open starting January 19, 2009.

  • Recently starred
    • WASHINGTON - JANUARY 07:  U.S. President George W. Bush (C) meets with President-elect Barack Obama (2nd-L), former President Bill Clinton (2nd-R), former President Jimmy Carter (R) and former President George H.W. Bush (L) in the Oval Office January 7, 2009 in Washington, DC. On January 20, 2009 Barack Obama will be sworn in as the nations�s 44th president. From Getty Images.

      WASHINGTON - JANUARY 07: U.S. President George W. Bush (C) meets with President-elect Barack Obama (2nd-L), former President Bill Clinton (2nd-R), former President Jimmy Carter (R) and former President George H.W. Bush (L) in the Oval Office January 7, 2009 in Washington, DC. On January 20, 2009 Barack Obama will be sworn in as the nations�s 44th president.

    • North Korean leader Kim Jong-il (2nd R in the front row) visits the Chollima Steel Complex at an undisclosed location in North Korea, in this undated picture released by the Korean Central News Agency (KCNA) December 25, 2008. From Reuters Pictures by REUTERS.

      North Korean leader Kim Jong-il (2nd R in the front row) visits the Chollima Steel Complex at an undisclosed location in North Korea, in this undated picture released by the Korean Central News Agency (KCNA) December 25, 2008.

    • Balloons with anti-North Korea leaflets released by former North Korean defectors and anti-North Korea activists fly towards the North in Imjinkak pavilion, near the demilitarised zone (DMZ) separating the two Koreas in Paju, about 55 km (34 miles) north of Seoul, December 3, 2008. Dozens of activists, who demanded improvements of North Korea's human rights and the release of South Koreans abducted by the North, launched about 90,000 anti-Pyongyang leaflets in helium-filled balloons near DMZ on Wednesday. From Reuters Pictures by REUTERS.

      Balloons with anti-North Korea leaflets released by former North Korean defectors and anti-North Korea activists fly towards the North in Imjinkak pavilion, near the demilitarised zone (DMZ) separating the two Koreas in Paju, about 55 km (34 miles) north of Seoul, December 3, 2008. Dozens of activists, who demanded improvements of North Korea's human rights and the release of South Koreans abducted by the North, launched about 90,000 anti-Pyongyang leaflets in helium-filled balloons near DMZ on Wednesday.

    • An Israeli woman and her two children take cover during a rocket attack near Kfar Aza, just outside the northern Gaza Strip January 7, 2009. The woman came to meet her husband, an Israeli army officer currently serving on the Gaza border. Rockets exploded as they were waiting for him. Israel postponed on Wednesday a decision on whether to order its armed forces to storm the Gaza Strip's urban centres, an Israeli official said, citing Egyptian- and French-led efforts to secure a truce with Hamas. From Reuters Pictures by REUTERS.

      An Israeli woman and her two children take cover during a rocket attack near Kfar Aza, just outside the northern Gaza Strip January 7, 2009. The woman came to meet her husband, an Israeli army officer currently serving on the Gaza border. Rockets exploded as they were waiting for him. Israel postponed on Wednesday a decision on whether to order its armed forces to storm the Gaza Strip's urban centres, an Israeli official said, citing Egyptian- and French-led efforts to secure a truce with Hamas.

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Freddie Mac / Articles Organization

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...reserves had actually begun to shrink. The reserves - mainly bonds issued by the U.S. Treasury and by Fannie Mae and Freddie Mac, the mortgage finance companies - had been rising quickly ever since the Asian financial crisis in 1998. The strength of the dollar...
...of how government works and what the challenges are," said John Koskinen, now the conservator trying to overhaul Freddie Mac. As deputy Office of Management and Budget director for management under Clinton, Koskinen worked closely with her on Treasury Department...
...reduce loan rates by buying mortgages or mortgage securities from the all-but-nationalized home-loan giants Fannie Mae and Freddie Mac. After the Federal Reserve announced in November that it would spend $500 billion doing exactly that, rates on 30-year fixed...
...is expected to spend $184 billion on the Troubled Asset Relief Program (TARP) and $218 billion on the Fannie Mae and Freddie Mac bailout.[6] Excluding those temporary expenses, 2009 spending is set to rise by 6.3 percent excluding any additional "stimulus"...
...Budget office said ongoing spending on bailouts of the financial industry and federal mortgage giants Fannie Mae and Freddie Mac would add $400 billion to earlier deficit projections. It projected federal tax revenues would fall 6.6 per cent — or $166 billion...
...Romano chief credit officer. Romano had been the company’s senior vice president of credit risk oversight since joining Freddie Mac in 2004 and in September also took the position of acting chief credit officer. Sperry Van Ness International will kick off...
...colleagues -- Sen. Chris Dodd and Rep. Barney Frank foremost among them -- who opposed reform for Fannie Mae and Freddie Mac. Those reforms could have been instrumental in avoiding what we are just beginning to withstand in 2009. If they didn't have the answer...
...to shore up the U.S. financial sector, as well as $240 billion to incorporate the federal bailouts of Fannie Mae and Freddie Mac into the U.S. budget. The projected deficit for 2010, meanwhile, excludes not only stimulus costs, but also spending for the wars...
...well. Treasury Secretary Henry Paulson on Wednesday laid out options for the future of mortgage giants Fannie Mae and Freddie Mac, which have been under government control since September, but did not endorse any. Congress and Obama administration must decide...
...without some sort of government support or protection," Paulson said. Washington-based Fannie Mae and McLean, Va.-based Freddie Mac own or guarantee around half of the $10.6 trillion in U.S. outstanding home loan debt. Responding to a question after his...

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