(The Federal National Mortgage Association (Fannie Mae), describes itself as “a leading source of financing for mortgage lenders.” But the financing stemming from the government-sponsored enterprise (GSE) is varied and crucial to financial markets. For instance, Fannie Mae buys mortgages via the secondary market to then pool them to create mortgage-backed securities (MBS), as Investopedia… Read More >>
Billion-Dollar Settlements Sting A-List Banks and Investors
The best known aphorism attributed to the late U.S. Senator Everett Dirksen, the honey-voiced Republican Minority Leader in the LBJ era, is “a billion here, a billion there, and pretty soon you’re talking real money.” One wonders what Dirksen would make of the multi-billion-dollar settlements that Goldman Sachs, Bank of America and other giant banks… Read More >>
