Sep 18th, 2008 · The Federal Reserve and the Treasury Department are involved in the takeover of Fannie Mae and Freddie Mac. The Fed is also the potential owner of American Insurance Group. Its capacity to handle the takeovers is examined.
Sep 15th, 2008 · U.S. stock prices are down sharply as investors digest the news of another major financial collapse on Wall Street. This weekend, the government decided not to help rescue Lehman Brothers, as it did Bear Stearns, Fannie Mae and Freddie Mac. As a result, it has filed for bankruptcy. Also Sunday, Merrill Lynch agreed to sell itself to Bank of America rather than suffer the same fate.
Sep 15th, 2008 · The Federal Housing Finance Agency announced Sunday that the former CEOs of Fannie Mae and Freddie Mac will not walk away with golden parachutes. The agency which regulates — and now manages the two mortgage giants — said it will not allow the former executives to walk away with multi-million dollar severance packages. It didn't say what, if anything, ex-CEOs Daniel Mudd and Richard Syron will take home.
Sep 13th, 2008 · The government stepped in to help Bear Stearns and recently orchestrated a takeover of Fannie Mae and Freddie Mac. How far will the government go to rescue other firms like Lehman Brothers? Business journalist Joe Nocera talks with host Scott Simon about the moral and practical hazards.
Sep 10th, 2008 · Some shareholders are upset that the outgoing executives at Fannie Mae and Freddie Mac may receive big payouts after the federal government took over the troubled companies. They say it's an example of corporate executives receiving millions in compensation after dismal performances.
Sep 10th, 2008 · Neil Weinberg, senior editor at Forbes magazine, talks with Renee Montagne about whether executives at Fannie Mae and Freddie Mac used financial incentives to pump up the mortgage giants' stock prices.
Sep 9th, 2008 · The U.S. takeover of mortgage giants Fannie Mae and Freddie Mac may end up costing American taxpayers a bundle. But world economic leaders say the cost of not saving them would have been unimaginable.
Sep 9th, 2008 · The U.S. government has taken control of troubled housing finance giants Fannie Mae and Freddie Mac, and their top executives have been removed. Economics experts weigh in on what the bailout means for U.S. and Chinese investors.