Fannie Mae

A report released this week by the Federal Bureau of Investigation found that Minnesota ranked in the top fifteen states for mortgage fraud claims in 2008 and in the top ten on a couple of measure. Specifically, data from the Financial Crimes Enforcement Network found Minneapolis FBI field offices ranked 9th in the number of [...]

Remember the second questioner from the second presidential debate? His name was Oliver Clark. Remember how John McCain answered Clark’s bailout question? He said lots of things, but you’ll remember this zinger: “The match that lit this fire was Fannie Mae and Freddie Mac. I’ll betcha you may never have even heard of them before [...]

A nation of whiners? Or a seriously decimated economy? The nation’s leading economists say it’s the latter, and the already crumbling financial sector is due for a series of crippling aftershocks that could last well into the next decade. Once-leading lenders Fannie Mae, Freddie Mac, Merrill, Lehman, and AIG have perished in only seven days, all on the heels of the IndyMac collapse and $29 billion Bear Stearns bailout. And experts say more lenders are expected to fall in the near future, some even this week.