Posts Tagged ‘SECURITIES’America: Home of the (Debt) FreeThis post first appeared on Minyanville. Freedom is back in vogue: Americans are finally growing tired of living in the shackles of debt. According to the Wall Street Journal, government-led efforts to jumpstart lending are being derailed by weak demand for new loans. As the recession rolls on, an increasing percentage of consumers are opting [...] Fannie, Freddie Jump on GrenadeThis post first appeared on Minyanville. For anyone wondering where the billions of dollars in worthless mortgage-backed securities will wind up, look no further: The mirror. Fannie Mae (FNM) and Freddie Mac (FRE), the formerly quasi-public, now taxpayer-owned mortgage behemoths, are stealthily sopping up the worst of the structured mortgage debt Wall Street churned out [...] |