Fannie and Freddie in Good Hands with Mel Watt (tags)
class war
PRESS RELEASE: MARINE, FAMILY TO BE EVICTED (tags)
Mortgage Giant Freddie Mac Set to Forcibly Evict Riverside Marine and Family Dozens of supporters to join Riverside homeowner Art de los Santos in last stand as eviction order expires Company refuses to even reevaluate wrongfully foreclosed homeowner’s income.
Financial Market Capitalism: Neoliberalis become State Socialists (tags)
Neoliberalism is neither new nor liberal. All freedom is demanded for capital, even though human dependence is intensified and human existences destroyed. The state becomes a functionary for neoliberal concepts. The debts of Fannie/Freddie are added to the nine trillion.
Angry Protests at S.F. Mortgage Bankers Conference (tags)
The annual national conference of the Mortgage Bankers Association was greeted by angry protests outside the Moscone West convention center in San Francisco on October 19-20. The demonstrations initiated by the ANSWER Coalition received extensive coverage from nearly all mainstream Bay Area media.
Russians and Chinese Laugh (tags)
Bailing out speculators is like protecting the sharks from the sardines.or paying the robbers. Executives should absorb their losses by taking a 96% pay cut. Speculation should be discouraged, not rewarded. The Capitol switchboard is easy and free 800-270-0309
Nationalization of Freddie Mac (tags)
The Nationalization of the mortage industry by the government shows how easily the goverment can nationalize healthcare and other services. The steady now increased offensive by the bosses over the past 30 years is because of a failure of union leadership by throwing all their resources into funding the Democrats and supporting the "team" concept.
Fannie, Freddie, Food and Fuel (tags)
The financial crisis deepens with the nationalization of IndyMac and the likely bailout of Freddie Mac and Fannie May by the US taxpayer. The financial crisis has company as inflation, and in particular huge increases in global food and energy prices, enters the fray. The American economic model has been discredited and the American century has lasted but a few decades. These developments have and will further open up a new period in the struggle between capital and labor on the world stage and the US working class will have a major role to play as it re-connects with its militant traditions.