Tag Archives: Fannie Mae

  • Insider

    Off The Cuff: Hall Of Mirrors

    Our media is so distorted, where can you find truth?
    by Adam Taggart

    Friday, May 4, 2018, 2:39 PM


    In this week's Off The Cuff podcast, Chris and James Howard Kunstler discuss a whole slew of topics I don't have time to summarize, as our 2018 seminar starts in an hour.


    Click to listen to a sample of this Off the Cuff Podcast or Enroll today to access the full audio and other premium content today.
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  • Blog
    © Skypixel | Dreamstime.com

    The Unsafe Foundation of Our Housing ‘Recovery’

    Overdependence on subsidies, debt, and unfounded optimism
    by charleshughsmith

    Monday, February 25, 2013, 9:55 PM


    What could go wrong with the housing 'recovery' in 2013?

    To answer this question, we need to understand that housing is the key component in household wealth. And, that Central Planning policies are aimed at creating a resurgent “wealth effect,” as follows: When people perceive their wealth as rising, they tend to borrow and spend more freely. This is a major goal of U.S. Central Planning.

    Another key goal of Central Planning is to strengthen the balance sheets of banks and households. And the broadest way to accomplish this is to boost the value of housing. This then adds collateral to banks holding mortgages and increases the equity of homeowners.

    Some analysts have noted that housing construction and renovation has declined to a modest percentage of the gross domestic product (GDP). This perspective understates the importance of the family house as the largest asset for most households and housing’s critical role as collateral in the banking system.

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  • Blog

    Guest Post: U.S. Dollar Threatened by Fannie & Freddie

    by axelmerk

    Tuesday, September 7, 2010, 3:58 AM

    by Axel Merk

    This article ran for our enrolled users last week as one in a series from respected guest commentators while Chris was vacationing with his family and working on his new book. Enjoy the fresh perspective.

     Will U.S. policymakers cause another financial catastrophe and destroy the U.S. dollar by focusing on their own short-sighted political interests?  Or will economic reason prevail?  While we wish for the latter, we fear the former is much more likely.  Unless real reform of Fannie Mae and its smaller cousin Freddie Mac (together the Government Sponsored Entities, or GSEs) is implemented, the consequences for all of us may be dire.  Investors may want to take this into consideration when making investment decisions.  Future implications may put downward pressure on the U.S. dollar; investments into more fiscally-stable and prudent countries displaying sound monetary policy may become ever more attractive.

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  • Blog

    Guest Post: Fannie and Freddie – The Exit Doors are Shut

    by Ilargi

    Friday, August 20, 2010, 6:09 PM

    by Ilargi of The Automatic Earth

    This article ran for our enrolled users earlier this week and is one in a series from respected guest commentators while Chris is at work on his new book. Please welcome them to the ChrisMartenson.com community and enjoy the fresh perspective.

    From a purely political point of view, it’s a simple story.  Existing homeowners are a far more powerful force at the voting booth than potential owners, homebuyers, are.  It’s therefore very much in the interest of the incumbent government to keep home prices as high as it can.  Let them slide too much and you will pay for that at the next election.  For potential buyers, you can devise plans that lower interest rates and down payments, but that’s all.  More affordability simply through lower prices is not on the political table.

    Still, in the “listening conference” on US housing policies – Fannie Mae and Freddie Mac in particular – that started this week, it’s not voters who have the biggest say.  That is reserved for the financial industry, and how could it not be?  Not that the Obama administration has to hear the truth from the bankers anymore:  Washington has long since realized that truth.  Which is that without Fannie and Freddie and the 80% stake the US took in them in 2008, as well as the unlimited financial guarantee issued by Tim Geithner at the end of 2009, it’s not just the housing industry that would instantly collapse.  The banking industry would, like a shadow, rapidly follow in its footsteps.

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  • Blog

    Daily Digest – August 7

    by Davos

    Friday, August 7, 2009, 2:53 PM

    • Deutsche Bank: Construction Loan Defaults Coming
    • 16 Million Homeowners Underwater
    • Foreclosures: One Giant Wave, Still Building
    • On how many different levels is this statement idiotic?
    • $75 Billion In New Treasuries On Deck
    • 2nd U.S. Bank-For-Businesses Facing Bankruptcy
    • Shadow Inventory
    • 2 Trillion in Deficits and House Orders Up Three Elite Jets
    • ICN, Audit the Fed and 18 Million Vacant Homes (Video, H/T iDoctor)
    • Jim Sinclair (Sudio H/T HuckleJohn)
    • Recessions Over: 34,000,000 Use Food Stamps First for the U.S.
    • Please ‘Google’ Fannie Mae seeks $10.7B in US aid after 2Q loss (Due to AP restrictions)

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  • Blog

    Daily Digest – June 28

    by Davos

    Sunday, June 28, 2009, 2:26 PM

    • Fungus threat hangs over world wheat production (Repost)
    • Appraise Local? (Video)
    • Commodity Snapshot (Charts)
    • Another Hotel Defaults on Mortgage Debt (Repost)
    • Mass. is housing homeless in motels
    • Fannie, Freddie asked to relax condo loan rules: report
    • LEI, Leading Edge Indicators
    • Buffett Opines on Green Shoots, Inflation, Apple Disclosure, and Bernanke
    • Cap-and-Tax or Cap-and Create Another Bubble?
    • The End of the Recession?
    • The impending end of the bear market rally (Video on page)
    • FSN New Hour, 3rd Hour with Jim and John Part 3A and 3B

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  • Blog

    Daily Digest – May 10

    by Davos

    Sunday, May 10, 2009, 3:12 PM

    •  The End of Small Farms & Buying Local, Part II – HR 759 is in committee, worse than HR 875 (the Monsanto bill – Video)
    • How to feed the whole world (the case for white bread): Louise Fresco on TED.com
    • Calling a Spade a Spade
    • Net Claims is What Matters (Charts)
    • 1933 & Today (Then vs. Now similarities, Scridb)
    • Pushing 16% U6
    • "Ruminations on the Latest Unemployment Figures from the Bureau of Lies and Statistics"
    • Shadow Inventory (Video)

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  • Blog

    Daily Digest – Apr 24

    by Davos

    Friday, April 24, 2009, 2:19 PM

    • Economics Is Interesting if You Understand it, Otherwise It Is a Snore! (Photo)
    • DON CORLEONE He will get in touch with you through someone you absolutely trust. That person will arrange a meeting, guarantee your safety…and at that meeting you will be assassinated.
    • Sources: GM to shut most US plants up to 9 weeks
    • Fewer in U.S. Move as Economy Falters (Mainstream article)
    • Housing Bust and Geographical Mobility (Blog article with chart on page)
    • Financial Pugilism and Offbeat Analysis
    • New York Times: Total Revenue Down 18.6 Percent; Debt at $1.3 Billion
    • GE exec says economic crisis resetting capitalism
    • Carbon Derivatives to Become World’s Largest Derivatives Market? (Video)
    • Max Keiser on Corruption, Derivatives, and Copyright Laws…(Video)
    • More on seeds that Max Keiser talks about (Video Scroll to 2hr&46 min point )
    • HR875 Ag. control for small farmers (Video, H/T RowMat)
    • Portfolio Cover Story on Timothy Geithner
    • Delinquencies Rising at Fannie & Freddie (Good Chart on Page)
    • Wells Fargo Made Billions On Mark-To-Market Change
    • Lewis Testified Treasury and Fed Pressed for Silence on Merrill Woes 

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