How important is nonprofit journalism?

Donate by May 7 and your gift to The Center for Public Integrity will be matched dollar-for-dollar up to $15,000.

Judge says Fannie Mae whistleblower's lawsuit can go forward

By Michael Hudson

As Congress begins to tackle the future of Fannie Mae and Freddie Mac, the government-chartered mortgage giants that have been kept alive wi

Excerpts from this story referencing "Freddie Mac":

"… ored enterprises? …"

"… ely-publicized report calling for a gradual winding down of Fannie Mae and Freddie Mac.Unnoticed was Herron’s important procedural victory on Thursday when U.S …"

"… long-awaited report calls for a gradual winding down of the Fannie Mae and Freddie Mac, the two government-chartered mortgage giants.The report takes the pair to …"

"… mortgage-backed securities during the real-estate frenzy:Fannie Mae and Freddie Mac’s structural design flaws, combined with failures in management, were th …"

FactWatch: Fannie and Freddie were followers, not leaders, in mortgage frenzy

By Michael Hudson

Republicans insist that Fannie Mae and Freddie Mac "were the main cause of the nation's current financial turmoil” but a look at the data sh

Excerpts from this story referencing "Freddie Mac":

"… ss, and two names come to mind: Fannie and Freddie.They see Fannie Mae and Freddie Mac as the villains of the financial crisis.GOP.gov, the official website for …"

"… epublicans in the House of Representatives, says flatly: “Fannie Mae and Freddie Mac were the main cause of the nation's current financial turmoil.” Many cri …"

"… mes to the lending spree that sparked the financial crisis, Fannie Mae and Freddie Mac were followers, not leaders. They were, at first, not-so-innocent semi-bys …"

Why is Andrew Cuomo shielding Fannie and Freddie?

By Joe Eaton

In 2007, New York State Attorney General Andrew Cuomo set out to investigate whether Fannie Mae and Freddie Mac purchased home mortgages bas

Excerpts from this story referencing "Freddie Mac":

"… ttorney General Andrew Cuomo set out to investigate whether Fannie Mae and Freddie Mac purchased home mortgages based on fraudulently inflated appraisals — and …"

Advertisement

Conservative think tank's plan would limit securitization of mortgages

By Amy Biegelsen

The American Enterprise Institute offered a plan today to eliminate the “bubble-inducing distortion” it blames for the recent financial cris

Bank of America, which spent $4 billion to buy Countrywide, now must pay $8.5 billion settlement to Countrywide investors

By Julie Vorman

BofA settles big investors' complaints about Countrywide mortgage-backed loans

Meltdown 101

By John Dunbar

Subprime mortgages and America's road to financial ruin
Advertisement

S&P not shy about using its clout politically

By Michael Hudson and Aaron Mehta

S&P and other credit rating firms wield as much political clout as financial

DOE needs better risk management

By Ronnie Greene and Matthew Mosk

In light of loans to companies like Solyndra, DOE needs better risk management of companies receving loans