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FANNIE AND FREDDIE

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abtest

'State banks corruption sources'

By Ted P. Torres | September 15, 2012 - 12:00am

State-controlled banks are a breeding ground for corruption of elected and appointed government officials, financial regulatory authorities, and the courts, according to a World Bank report.

Headlines

US gov't sues big banks over subprime bonds

September 5, 2011 - 12:00am

The government on Friday sued 17 financial firms, including the largest US banks, for selling Fannie Mae and Freddie Mac billions of dollars worth of mortgage-backed securities that turned toxic when the housing...

Business

Fannie Mae seeks $8.5 billion more in federal aid

May 9, 2011 - 12:00am

WASHINGTON (AP) – Fannie Mae asked the government Friday for an additional $8.5 billion in aid after declining home prices caused more defaults on loans guaranteed by the mortgage giant.

Business

Freddie Mac loses $6.3B in 3Q

November 7, 2009 - 8:07am

WASHINGTON (AP) — Freddie Mac's losses narrowed to $6.

US Federal Reserve launches bold $1.2-trillion effort to revive economy

March 20, 2009 - 12:00am

With the US sinking deeper into recession, the Federal Reserve launched a bold $1.2-trillion effort Wednesday to lower rates on mortgages and other consumer debt, spur spending and revive the economy.

Business

Bush says he likely lost money in meltdown, too

January 14, 2009 - 3:56pm

WASHINGTON (AP) — President George W.

Hitting bottom

By Rey Gamboa | January 5, 2009 - 12:00am

The year just passed is perhaps the most exciting 12-month calendar period in recent history of world economics.

Business

BSP welcomes US bailout of Fannie Mae, Freddie Mac

September 9, 2008 - 12:00am

Monetary authorities expressed relief over the bailout of US mortgage giants Fannie Mae and Freddie Mac, saying that the move would bring portfolio inflows back into the country and help strengthen the peso.

Business