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Congress Government Sponsored Enterprise

  • U.S. government-run mortgage finance provider Freddie Mac earned $11 billion last year, the first annual increase in its net income since 2006.

  • Sean Egan: Debt Ceiling Threat Is 'Manageable'

    Credit rating firm Egan-Jones and its founder agreed to be barred for 18 months from rating asset-backed or government securities to resolve charges they lied on registration forms.

  • U.S. Senate Majority Leader Harry Reid (D-NV) speaks during the National Clean Energy Summit 4.0 on August 30, 2011 in Las Vegas, Nevada.

    In a remote desert spot in northern Nevada, there is a geothermal plant run by a politically connected clean energy start-up that has relied heavily on an Obama administration loan guarantee and is now facing financial turmoil. The New York Times reports.

  • Police activity in Times Square, New York City, NY.

    One of the most prominent advertising spaces in Times Square is soon to be occupied by a Chinese brand. Xinhua, the news agency operated by the Chinese government, is leasing a giant sign, known as a spectacular, on 2 Times Square, the building that is the northern anchor of the district. The NYT reports.

  • capitol_building_wallst_mainst.jpg

    "The idea that Congress is so dysfunctional that they can't cut their budget by more than 1% or 2%, when you contrast that to the re-pricing of the entire housing stock for the U.S., it's a complete disconnect."  ...A report from TheStreet.