4 posts tagged with freddiemac.
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We bailed you out, and now you want what!?!

Americans were angry when Wall Street’s greedy and risky behavior triggered a global financial crisis in 2008. They were angrier still when the government had to borrow and spend hundreds of billions of dollars to rescue mortgage giants Fannie Mae and Freddie Mac, the largest banks and the insurance company AIG. They were outraged when they found out that executives at those enterprises were continuing to receive big salaries and bonuses.

So just imagine how it outrageous it would be if some Wall Street sharpies went to court to argue that they didn’t benefit enough from the bailouts and that taxpayers should pay them tens of billions of dollars more. In fact, they did. And, according to legal observers, they just might prevail.


The Washington Post's Steven Pearlstein analyzes the pending lawsuits.
posted by Johnny Wallflower on Jun 7, 2015 - 113 comments

Gingrich punk'd in perpetuity?

Shockingly, Newt Gingrich does not own newtgingrich.com. Instead, a group of pranksters called American Bridge 21st Century have used the domain to redirect visitors to various sites and stories that cast him in a negative light. For maximum entertainment, copy and paste the URL into your address bar. Lather, rinse, repeat. [more inside]
posted by gman on Dec 22, 2011 - 53 comments

Strange Bedfellows

Jane Hamsher is a former Hollywood producer who now heads the Firedoglake family of blogs. Grover Norquist is a long-time conservative activist who has had some influence in conservative politics. Together, they fight... Rahm Emanuel! [more inside]
posted by Halloween Jack on Dec 23, 2009 - 63 comments

Foreclosures hit a new record

Foreclosures hit a record in third quarter 2009. President Obama took measures to contain the crisis. It is now many months later, and one can start asking how successful these measures have been. [more inside]
posted by VikingSword on Oct 15, 2009 - 57 comments

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