Fannie Mae & Freddie Mac Ten Years After the Financial Crisis
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- Опубликовано: 21 сен 2024
- Sep.07 -- Neil Barofsky, former TARP special inspector general and a partner at Jenner & Block, Constance Hunter, chief economist at KPMG, and Sunitha Thomas, regional portfolio advisor at Northern Trust Wealth, examine the state of Fannie Mae and Freddie Mac ten years after the financial crisis. They speak on "Bloomberg Daybreak: Americas."
Good on Nick Barofsky for calling out government guarantees. His words are droplets of gold.
The bailout was a "good deal" for only the Fannie Mae/Fannie Mac investors. Consumers lost their homes and equity. Let's never forget that. Today, Sept 10, 2019, the Fannies are being handed back to the private profit interests that caused the collapse in the first place. And, if I'm not mistaken, aren't the investment banks now combining business activities with the normal commercial banks due to parts of Glass-Stegall being rescinded by establishment interests?
16 trillion to Banks and QE not 700 billion
"A cluster of unstable snowflakes" sounds like my circle of friends!
Neil get a Clue, bonds do not hold up the Mortgage market, the Mortgage market holds the Bond market and the Real estate Market holds up the Mortgage market! and since entrancement, RE has always appreciated 4-6 % in average value, doubling in value every 12-13 yrs, with average term of 7 yrs. capital is the value of RE max downturn of 10% every 100 yrs.
what a moronic spiel! real estate always gos up 4-6%... good luck telling anyone who bought in 2006!!!
Time to buy?
Not enough layman's terms mentioned here. Last year out of nowhere I got thrown into a fanny may account of new my mortgage. This is not good..this has the stampings of me and many others losing their home because of fraud of the government's side. Does anyone know why when you reach a certain age we are put into a fanny may account? I would love more info that I can make sense of
Diane Nolan As long as you pay your mortgage, you won’t lose your house it’s pretty simple really
Roberto is right. Fannie May may hold your mortgage or anyone for that matter, it doesn't change the terms. Take a look at them and make sure you don't have any looming increases that might get in the way of you paying your mortgage, otherwise you're golden. Fiancial institutions bundle up mortgages, trade/sell them, leverage them, all kinds of fairly complicated stuff to make money, diversify away risk, etc. The only reason you should worry about finance beyond safely managing your wealth is if you're concerned about where your taxes are going, noone is gonna take your house while you can pay for it. If you're worried about keeping your house, then SAVE SAVE SAVE, fill up your savings account, buy some bonds, put money in some index funds to help you build wealth, build your 401k and max out your IRA too so you can retire happy! You're the only person who can lose your house, and 90% of the time it can be avoided by thinking ahead and preparing.
If you do have any problems and have to foreclose, make sure you ask for the note. They may have lost it in the shuffle in which case I believe they can't collect on the mortgage.
PMI covers the bank not the buyer !!!! Enough said
M7... 2 for both.
So the emerging markets currency inflation has no effect on us? Asking for a friend.
Rather the opposite, FED rate hikes have strengthened the dollar especially v currencies of developing markets and our expansive trade wars are severing the lifeline of alot of these developing markets as well. It's harder for them to pay back foreign debts and export commodities are losing value from the trade wars, therein screwing their already volatile and fragile markets/ currencies. One windfall is people expating USDs to these countries to circumvent the state set exchange rates. Otherwise everything is interconnected, if someone isn't doing as well it typically hurts us here as well, but I'd say the negative affects of our trade wars well outweigh those stemming from emerging market currency inflation. Though at this point it may just be a race between the two to destabalize the world economy unfortunately.
#fanniegate
Great to see the actual TARP guy spelling out how Washington’s “free market capitalism” means boom, bust & bailout. Oh, also there’s also bail-IN on the way.
You probably dont give a shit but does anybody know a trick to log back into an instagram account..?
I was dumb lost the account password. I appreciate any tricks you can give me
@Armando Skylar instablaster ;)
@Alden Eliseo Thanks for your reply. I found the site thru google and im in the hacking process now.
Seems to take a while so I will get back to you later when my account password hopefully is recovered.
@Alden Eliseo it did the trick and I now got access to my account again. Im so happy!
Thank you so much, you saved my account!
@Armando Skylar No problem :)