Fannie Mae, the U.S. mortgage buyer currently in the conservatorship of the Federal Housing Finance Agency (FHFA), has requested another $15 billion in state aid following a net loss of nearly $19 billion in the third quarter of the year.

Following the announcement of a loss for the second quarter of the year, albeit a smaller one than in the first quarter, mortgage insurer Fannie Mae has asked for a further injection of funds from the U.S. Treasury to the tune of $10.7 billion.

Despite the financial turmoil witnessed in the United States over the last year, two important Democratic lawmakers are asking Fannie Mae and Freddie Mac to ease lending laws.

In the midst of the storm surrounding AIG execs getting huge bonuses after receiving billions of federal bailout dollars, it is being reported that both Fannie Mae and Freddie Mac executives will also be receiving their fair share of "retention awards."

As the economy’s meltdown confuses politicians and economists, further stressing businesses and wage earners, the FBI has suddenly discovered a new path to career advancement. 


On their road to domination of Congress and The White House, the Democrats successfully and loudly accused the Republicans of selfishly engineering the current economic crisis. Today Democrats control the country. Now what?

With the holiday season near, two of the nation’s mortgage giants have announced initiatives to decrease the stress on homeowners facing foreclosure and provide a means by which they can restructure their mortgages to prevent the loss of their homes.

SNL has always been keen on political parody. That said, some rather edgy political skits from SNL, including a Fannie Mae howler that earned the ire of the DNC, surprised me. Now they've gone and lambasted Joe Biden and John Murtha. What's up, Lorne?

Wall Street gyrations have got investors worried. And as stocks drop, credit has tightened, making it more difficult for businesses to operate.

Saturday Night Live produced a skit that slammed, Nancy Pelosi, Barney Frank, and Democrats for opposing reform of Fannie Mae and Freddie Mac. They also skewered Herb and Marion Sandler as predatory lenders. The SNL video has mysteriously disappeared.

"They get to take things out on poor people," Frank said at a symposium in Boston. "Let's be honest: The fact that some of the poor people are black doesn't hurt them either. This is an effort, I believe, to appeal to a kind of anger in people."

John McCain issued remarks today about the downfall which has led to the most urgent financial crisis in America. He spotlights Democrats and Barack Obama's financial gain from Fannie Mae and Freddie Mac.

And the stench just keeps on growing. Fannie Mae had very few choices, and they were all ugly. Pushed by the mortgage industry, and even by Congress, the world’s biggest mortgage company found itself buying anything and everything.

It's tough enough for politicians to keep their jobs during tough economic times, when the electorate is in a sour mood. But millions perceive today that many in Congress not only covered up the mess, but profited from it also. How many heads will roll?

Rep. Barney Frank, who has already been taking heat for his personal and financial involvement in the Fannie Mae collapse, made the ultimate mistake of appearing on Bill O'Reilly. This one's pure heat, and already has 316,000 hits on YouTube in 24 hours.

I have a few questions. If in fact the sky was falling to such a degree on the 17th of September and, as the New York Times writer so states what should we make of the last few pages of the unconstitutional bill?

Leading Democrats strongly opposed earlier efforts by Republicans to impose stricter oversight on Fannnie Mae and Freddie Mac. They were much more interested in making sure high risk mortgage loans remained available to people who could not afford them.

In a one minute ad released by the McCain campaign they highlight Bill Clinton's words in a recently reported interview where he said Democrats resisted Republican efforts and his own to tighten standards on Fannie Mae and Freddie Mac.

Just where in the United States Constitution does it authorize this total insanity? I don't care who it is that has worked on what and with whom. I want to see chapter and verse these people use to justify this government intrusion on the Free Markets.

It is difficult to decide which political party Bill Clinton thinks he belongs to after he praised McCain and Palin, showed his "tepid" support for Obama and now he asserted that Democrats resisted standards for Fannie Mae and Freddie Mac.