Senior officials from the Bush administration and the Federal Reserve on Friday informed top executives of Fannie Mae and Freddie Mac, the mortgage finance giants, that the government was preparing to seize the two companies and place them in a conservatorship, officials and company executives briefed on the discussions said. ...more

September 6, 2008

As soon as there is a critical downturn in the economy, large corporations turn their lobbyists loose... ...more

September 5, 2008

Freddie Mac talked to investors this week about possibly buying its stock to raise much-needed capital but billionaire investor Warren Buffett said he passed on an opportunity to help the troubled mortgage giant. ...more

August 23, 2008

Billionaire investor Warren Buffett said Friday the economy continues to be in a recession, by his definition, and will continue to be for at least several months. ...more

August 23, 2008

A government rescue of Fannie Mae and Freddie Mac could be costly for scores of investment, banking and insurance companies that hold billions of dollars in preferred shares in the mortgage finance giants. ...more

August 22, 2008

Shares of mortgage finance companies Fannie Mae and Freddie Mac continued their plunge Wednesday as investors became increasingly convinced that the stocks will drop to zero if the government bails out the troubled companies. ...more

August 21, 2008

Whether or not the government is actually on the verge of taking over mortgage finance companies Fannie Mae and Freddie Mac, investor fears that a bailout is imminent could turn such a worst-case scenario into reality. ...more

August 20, 2008