The Federal National Mortgage Association (GNMA) was created by Congress is 1938 to promote homeownership. If you squinted while looking at the letters FNMA and inserted a few vowels, you might come up with ... FaNnie MAe. It sold shares to the public for the first time - going public - in 1970. To further the home
Below we show Fannie and Freddie's quarterly earnings since the crisis began and requests for tax payer money to keep them alive. The idea is to gradually make these mortgage-holding organizations profitable so they can begin paying back the taxpayers who bailed them out. It is unlikely that they will ever be able to pay back
The following teens are making valuable contributions as feature editors. Help them improve their features by posting your comments and suggestions! Matt MichelsonJunior, Syosset High School Finance and business have been areas that have piqued my interest from a very young age. My parents both work in the investment banking and finance sector and
The economic crisis has caused people to earn and spend less than they used to, causing the states they live in to collect less income taxes and less sales taxes. Nearly all states are in a situation where the amount of money they're responsible for spending is more than they're taking in. This is what
The great free weekly tabloid The Long Island Press can be picked up at supermarkets and other retailers. On page 5 of the July 14, 2010 issue sits the following innocuous (ie: innocent looking) quarter-page ad:
WWW.canadian-pharmacy365.com/ Risk name Summary (The risk that...) Deal with it! 1. Inflation ... the annual rate of increase in the prices of the goods we buy and services we consume will be higher than you were anticipating. When a higher inflation rate is subtracted from the rate of return your investments are earning, soon you may
The U.S. is in a struggle to preserve the prosperous way of life many have come to take for granted. Trying to stay informed by reading the news is likely to make you more confused than ever. Next to an article showing proof the economy is recovering is another showing just the opposite. This makes
The Crisis had to do with giving loans to people who weren't qualified to pay them back. A lot of people with easy money on their hands bid up the prices of homes well beyond what they were worth. Following is an article of stunning prescience. It shows who set the housing market booming, and
Years ago, someone assigned a name to the countries whose prospects looked especially bright and to which investors should turn their attention. Brazil, Russia, India, and China, collectively became known as the “BRIC” countries.Not to be outdone, someone with a little too much time on his (or her) hands came up with an acronym for those European
The Speaker of the House of Representatives is a powerful position, third in line to the Presidency, scholars like to remind us. The current Speaker is Nancy Pelosi of the 8th District of California. She is credited with gathering the votes needed for the House to pass the Senate’s version of the Healthcare Bill, which