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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Confirmed User
Join Date: Dec 2004
Location: Back in Blighty
Posts: 4,277
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Fannie Mae and Freddie Mac
At first I thought they might be a County and Western duo but I'm just an ignorant European lol
Shares in these US mortgage giants dropped by as much as 50% in rollercoaster trading on Friday amid concerns for their future. Anyone got a mortgage with them? |
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#2 |
Confirmed User
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Join Date: May 2002
Location: Malaysia
Posts: 3,376
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Yeah thats the irony about all this.... the banks that are going down are the ones with the most ridiculous names.
Indy Mac??? In the UK, the one our government took over was Northern Rock (what kind of a name is that?).
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"In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell |
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#3 | |
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Join Date: Dec 2004
Location: Back in Blighty
Posts: 4,277
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Quote:
Following last week's news that Origami Bank had folded, we hear that Sumo Bank has gone belly up and Bonsai Bank plans to cut back some of its branches. Karaoke Bank is up for sale and is going for a song. Meanwhile, shares in Kamikaze Bank have nose-dived and 500 back office staff at Karate Bank got the chop. Analysts report that there is something fishy going on at Sushi Bank and staff there fear they may get a raw deal. ![]() |
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#4 | |
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Join Date: Jul 2006
Location: Canada
Posts: 3,143
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#5 | |
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Join Date: Aug 2001
Location: Denmark
Posts: 3,318
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#6 |
Confirmed User
Join Date: Dec 2004
Location: Back in Blighty
Posts: 4,277
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I know that DaLord. Heard of copy & paste?
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#7 |
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Join Date: Aug 2001
Location: Denmark
Posts: 3,318
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#8 | |
Confirmed User
Join Date: Dec 2004
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#9 | |
<&(©¿©)&>
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Join Date: Jul 2002
Location: Chicago
Posts: 47,882
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Custom Software Development, email: woj#at#wojfun#.#com to discuss details or skype: wojl2000 or gchat: wojfun or telegram: wojl2000 Affiliate program tools: Hosted Galleries Manager Banner Manager Video Manager ![]() Wordpress Affiliate Plugin Pic/Movie of the Day Fansign Generator Zip Manager |
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#10 |
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Join Date: Dec 2004
Location: GFY
Posts: 5,176
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http://afp.google.com/article/ALeqM5...Z0YJp2YqEG1stw
Meanwhile Peter Schiff at Euro Pacific Capital said the two giants are likely to need government bailouts in view of the "dubious quality of their mortgage portfolios." "Together both firms have less than 90 billion dollars in capital reserves to ensure losses on more than five trillion dollars in mortgage debt," he said. "Could anyone reasonably believe that a two percent reserve fund can cover all the losses that are likely to be seen? ... Clearly, Fannie and Freddie would have no ability to survive without a government bailout. This means that taxpayers will be on the hook for hundreds of billions of losses, perhaps even more than one trillion."
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ICQ 557504926 |
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#11 |
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Join Date: Dec 2004
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is that five million million dollars, or five million million million?
Either way, it's a big number... |
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#12 | |
Too lazy to set a custom title
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Join Date: Oct 2007
Location: *UK/USA/Canada* ICQ : 494318698 Email:[email protected]
Posts: 10,180
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Quote:
1,000,000,000,000 (one million million;) = Trillon In simple terms they are in deep shit ![]()
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Cams-Tube-Dating Domains Available At Trade Prices ! Domains For Sale
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#13 | |
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Join Date: Dec 2004
Location: Back in Blighty
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Apparantly, they are "in no danger of failing", Federal Reserve chairman Ben Bernanke said today. Thank goodness for that! |
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#14 |
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Join Date: Oct 2004
Location: Boston, MA
Posts: 1,723
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the mortgage mess will lead to countless foreclosures providing a great market for real estate investors
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![]() ICQ# 273099174 - monthly specials - 2 Month Free Credit on All Plans - 100% Referrals - chris@ for details Virtual from $14.95/month, Dedicated from $149.95/month Dual-Core Xeon > 1000GB @ $149.95 | 1500GB @ $169.95 | 10Mbps @ $269.95 |
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#15 |
Biker Gnome
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Join Date: Mar 2004
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Posts: 23,200
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I just got a refi with indymac, not worried, I'm sure someone will be there to take my payments
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Carbon is not the problem, it makes up 0.041% of our atmosphere , 95% of that is from Volcanos and decomposing plants and stuff. So people in the US are responsible for 13% of the carbon in the atmosphere which 95% is not from Humans, like cars and trucks and stuff and they want to spend trillions to fix it while Solar Panel plants are powered by coal plants think about that |
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#16 |
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Join Date: Nov 2002
Location: Sunny California
Posts: 26,053
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My icq is on
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icq 1904905 |
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#17 |
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#18 | |
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#19 |
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Join Date: Dec 2004
Location: Back in Blighty
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US government takes control of Fannie and Freddie
The US Treasury has announced a rescue plan for Fannie Mae and Freddie Mac, the two struggling government-sponsored mortgage groups whose fate is key to the future of the US housing industry and financial markets.
http://www.ft.com/cms/s/0/79ea39b6-7...077b07658.html |
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#20 |
Too lazy to set a custom title
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Join Date: Feb 2003
Location: NJ
Posts: 13,332
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Corporate welfare at its best.
Republicans are just so stupid....the believe in the free market except when it comes to big corporation.
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ISeekGirls.com since 2005 |
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#21 |
Too lazy to set a custom title
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Location: NJ
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China is selling off US bonds...
China owns us... http://xkorpion.wordpress.com/2008/0...nie-freddie-2/
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ISeekGirls.com since 2005 |
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#22 |
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Join Date: Jan 2002
Location: Ny
Posts: 4,111
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so how much is the stock going to rebound tomorrow?
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Hey surfers how about some The Best Porn Sites |
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#23 |
So Fucking Banned
Join Date: Oct 2005
Posts: 3,710
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Who are they? I don't know them.
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#24 |
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Location: Back in Blighty
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They own or guarantee about half of the U.S.'s $12 trillion mortgage market.
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#25 |
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Join Date: Jul 2006
Location: NoHo
Posts: 5,970
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... yeap the fed just took over... interesting shit...
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#26 |
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Join Date: May 2003
Posts: 2,734
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this is really foolish, to reward crooks and bill the taxpayer for it.
both of them should in a prison due accounting games. both CEOs ruined their companies and they get even bonus reward. http://www.businesssheet.com/2008/9/...ie-and-freddie Taxpayers are now on the hook for tens of billions of dollars of capital necessary to save Fannie Mae (FNM) and Freddie Mac (FRE). The CEOs of both companies--the ones who ran them into the ground--have thankfully been shown the door. But they're taking a nice pot of money with them. Specifically, Dan Mudd, the CEO of Fannie Mae, is getting $9.3 million of severance for destroying his company. Richard Syron, the CEO of Freddie Mac, is getting $14.1 million--in part because of a clause he added to his employment contract two months ago, when it was clear the company was headed for disaster... |
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#27 | |
2011 GFY Hall of Fame!
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#28 | |
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I know that Asspimple is stoopid ... As he says, it is a FACT ! But I can't figure out how he can breathe or type , at the same time .... |
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#29 |
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Join Date: Jun 2008
Location: New York
Posts: 443
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screwed up is what it is makes you want to keep ur money in ur mattress, who knows which bank/s shit the bed next
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#30 |
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