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Search Tags: Freddie Mac
On this week's Bloomberg Government Capital Impact show, analysts will discuss how the fiscal cliff crisis is impacting businesses. Also, what does the future look like for Freddie Mac and Fannie Mae?
December 13, 2012
Tags: acquisition , fiscal cliff , sequestration , Fannie Mae , Robert Litan , Tony Costello , deficit reduction , spending cuts , Congress , Nela Richardson , loans , Hurricane Sandy , Allen Scott , Bloomberg Government , Capital Impact
Freddie Mac and Fannie Mae came under fire from the House Oversight and Reform Committee on Wednesday for awarding millions of dollars to executives. The hearing came just a day after the House Financial Services Committee passed a bill to convert execs' pay to the federal pay system.
The Securities and Exchange Commission has charged six former top executives at Fannie Mae and Freddie Mac with civil fraud, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the housing bust.
A government watchdog said Fannie Mae and Freddie Mac improperly foreclosed on homeowners and cost the government billions of dollars by not holding major banks to strict underwriting requirements.
The Morning Federal Newscast is a daily compilation of the stories you hear Federal Drive hosts Tom Temin and Amy Morris discuss throughout the show each day. The Newscast is designed to give FederalNewsRadio.com users more information about the stories you hear on the air.
The federal government has developed a disturbing practice of cleverly hiding information.
Tags: Lurita Doan , Barack Obama , CBP , San Ysidro Port of entry , Jayson Ahern , GSA , Defense , DoD , contracting , SIGAR , Special Inspector General for Afghanistan Reconstr , Susan Collins , Claire McCaskill , Tom Coburn , Education , Dick Durbin , NTEU , EPA , Energy , Commerce , Carol Browner , OPM , TSA , SBA , stimulus , small business , State , Treasury , Fannie Mae
Rep. Jim Jordan of Ohio explains his stance.
The meltdown of mortgage giants Fannie Mae, Freddie Mac and outfits like AIG and Lehman Brothers have given many TSP investors the jitters. Senior Correspondent Mike Causey explains their impact on your TSP account.
President Obama said he intends to nominate Joseph Smith to be head of the Federal Housing Finance Agency.