Freddie Mac

Freddie Mac hit the Brakes, on the Easy Credit Party

Posted Sat, 10/11/2008 - 13:54 by jamess

great collection of data, again, by jamess. Originally posted 2008-10-10 13:58:16 -bumped, cho

These guys were perfectly happy to get you into that New Home, "No Matter what it takes," during the hay-days of the Ownership Society.

Any oversight by Office of Federal Housing Enterprise Oversight - www.ofheo.gov?

Posted Sun, 09/07/2008 - 15:03 by luaptifer
Bumped. -- GH Originally posted 2008-09-07 13:11:07 -0500.

Now that taxpayers are about to pick up the tab on another megabillion dollar problem of the Bush Administration, I have some questions. Note: this commentary began its life just moments ago as a comment on Taxpayers picking up the tab again --- Ever since I've known of this office, I've wondered if they have actually done any oversight of Fannie Mae and Freddie Mac. What do they do? And how'd Mike Connell get the job of running their website back in 1999? Does George W. Bush get some sort of inside information from this arrangement? Connell has been Bush's IT guru for more than two decades now. It became a GovTech Solutions website after he created the company to launder NewMedia Communications as a 'non-partisan' company while he ran GeorgeWBush.com and RNC.org, and it still runs as a GovTech Solutions client today. You can see some of the pages under development as google captured them using this link: Google - "inurl:govtechsolutions.com" You also can see that www.ofheo.gov runs from the IP address right next door to govtechsolutions.com on Smartechcorp's address space: http://www.robtex.com/dns/www.ofheo.gov.html http://www.robtex.com/dns/govtechsolutions.com.html and they're all in the same block of IP address that runs Connell's technomania.com (though robtex has not apparently updated its cnet data lately) http://www.robtex.com/cnet/64.203.97.html Since taxpayers are now going to pick up the tab for Fannie Mae and Freddie Mac and we've been picking up the tab for OFHEO, I just wonder if there is any significance to the fact that we've also been paying Mike Connell's companies to do the web and database work that runs http://www.ofheo.gov? What does OFHEO do, anyhow? Just wondering, ya know?

Bush Press Conference to address Concerns about the Economy - Updated

Posted Tue, 07/15/2008 - 05:50 by cho
Actually, from the quick little blurb from the WSJ this morning, it sounds more like President Bush will use the opportunity of terrified markets to push for ... more oil drilling.
The press conference will start at 10:20 a.m. Mr. Bush is expected to press Democrats in Congress hard on the need for more oil exploration, particularly in the Outer Continental Shelf. He's also likely to criticize Congress for failing to move on most annual spending bills.
Stay tuned. (and more updates below the fold)

Failed Bank and Subprime Mess Brine Pickles

Posted Mon, 07/14/2008 - 04:22 by cho
So the Federal Reserve worked feverishly over the weekend to save Fannie and Freddie and take over Indy, or as the WSJ reports in Treasury and Fed Pledge Aid For Ailing Mortgage Giants this morning: The Fed "maneuvering, attempted to shore up confidence in Fannie Mae and Freddie Mac by announcing a plan that placed the federal government firmly behind the battered mortgage giants."

Such a pickle.

Obviously, we need something to distract us while we watch the machinations and see the stock market's reactions after the ordinary citizens have had the weekend to mull over the news of the FED's late Friday take over of the thrift IndyMac. Today, the small investors may sit tight, buy more or they may rush the markets and pull retirement funds out of their 401s, SEPs, and IRAs. Early notice has the market bouncing miraculously back. So in the meantime, here's a brine pickle recipe -- usually made in a "crock" -- thus suitably apt for the times.