Tag:
Conservatorship
Latest Headlines
Latest Headlines
Legal risks mount, GSE conservator to sue big banks
When Fannie Mae and Freddie Mac went belly-up, requiring a massive taxpayer-funded bailout, the outrage was intense. Critics demanded someone be put in jail. The mismanagement in many cases was shocking.
But when looking strictly at the GSEs push into non-traditional, much riskier loans, the i
Citi shareholders may not necessarily be wiped out
Is it really a case of the government vs. shareholders? Well, in certain scenarios, it is. If the government were to seize full control of the bank, of course shareholders would get wiped out. But we're dealing with likely possibilities that fall short of a full takeover.
Fortune suggests
Creeping toward nationalization?
What to make of all this talk of nationalization? It once seemed to be a far-fetched solution, but then Fannie and Freddie were forced into conservatorship. Now, the idea is being talked about as a real possibility for the likes of Citi and Bank of America. In fact, according to CNBC , some
Treasury to shift tactics in bailout?
In the wake of the British government's bailout plan announcement, the suggestion that its plan embodied a superior approach has been voiced . The central idea is that by injecting capital directly into banks, as opposed to just buying their toxic securities, that might get banks to resume lend
Regulators change tune, bail out AIG
Lehman Brothers wasn't worth any public money. But AIG? Well, that's another story. After the Bear Stearns, Fannie Mae and Freddie bailouts, people applauded when Treasury Secretary Henry Paulson said there was no more public money available. But he has already been forced to change his tune. AIG,
Morgan Stanley finding leads to Fannie, Freddie drama
Morgan Stanley was the low bidder in the Treasury's auction to find a top Wall Street adviser on GSE-related issues. It ended up making a stunning discovery: Freddie Mac's capital position was worse than initially thought, reports the New York Times . The GSE made decisions that were legal, but
