endless taxpayer bailouts (1); Ford Seek Taxpayer Bailout (1); major taxpayer bailout (1); U.S. Taxpayer Bailout (3).
zero hedge Fri 2010-01-29 16:23 EST
For all who want to get up to speed on next week's political theater involving AIG, Tim Geithner, Goldman Sachs' Stephen Friedman, Goldman Sachs' Bill Dudley, Goldman Sachs' Lloyd Blankfein, and the endless taxpayer bailouts, here is a terrific timeline for everything relevant to the AIG soap opera. Courtesy of Bloomberg.
Calculated Risk Sat 2009-10-10 13:33 EDT
From Bloomberg: FHA Shortfall Seen at $54 Billion May Lead to Bailout...The Federal Housing Administration, which insures mortgages with low down payments, may require a U.S. bailout because of $54 billion more in losses than it can withstand, a former Fannie Mae executive said. ``It appears destined for a taxpayer bailout in the next 24 to 36 months,'' consultant Edward Pinto said in testimony prepared for a House committee hearing in Washington today. Pinto was the chief credit officer from 1987 to 1989 for Fannie Mae...
zero hedge Sat 2009-10-10 13:09 EDT
In keeping with the warnings presented by Kyle Bass warned that the entire housing bubble is now being ported over to the taxpayer's balance sheet, Edward Pinto, a former chief credit officer for Fannie Mae claims that the Federal Housing Administration will likely require a major taxpayer bailout "in the next 24 to 36 months" as it is likely to incur $56 billion more in losses than it can withstand.
54; Fannie Chief Credit Officer Says FHA; underwater; Zero Hedge.
Sun 2008-08-24 00:00 EDT
``GM is not really a manufacturing company at all, but rather a subprime lender that sells cars.''
Ford Seek Taxpayer Bailout; GM; Mish's Global Economic Trend Analysis.
Mon 2008-07-14 00:00 EDT
"likely the start of a U.S. Taxpayer Bailout of China. Disgustingly it is a U.S. Taxpayer bailout of PIMCO as well." "It is a moral hazard to the highest degree, for bondholders to be made whole in this mess."
Blatant Liar; Mish's Global Economic Trend Analysis; operations; Paulson; Rescuing Fannie; underway.
