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Keyword: freddie

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  • Dozens of Baltimore businesses sue over response to 2015 riots

    06/21/2017 9:32:27 AM PDT · by Oldeconomybuyer · 12 replies
    Maryland Daily Record (subscription) ^ | June 21, 2017 | By Heather Cobun
    A group of Baltimore businesses that sustained damage during the 2015 riots following the death of Freddie Gray is suing the city, alleging officials failed to suppress the riots. The nearly 700-page complaint was filed in Baltimore City Circuit Court in March but only recently removed to U.S. District Court at the request of the defendants.
  • FannieGate: Obamacare Looting Scheme by diverting Fannie and Freddie Funds

    05/03/2017 8:49:49 AM PDT · by RideForever · 12 replies
    Living Lies Web Blog ^ | 5/2/17 | Neil Garfield, Esq.
    "An examination of the Treasury Department’s balance sheet for Fiscal Year 2013 documented how the Obama administration diverted billions of dollars into Obamacare that Treasury confiscated from Freddie and Fannie earnings."
  • Fannie, Freddie and the Secrets of a Bailout With No Exit

    05/21/2016 7:26:36 AM PDT · by Lorianne · 8 replies
    New York Times ^ | 20 May 2016 | Gretchen Morgenson
    When Washington took over the beleaguered mortgage giants Fannie Mae and Freddie Mac during the collapse of the housing market and the financial crisis of 2008, it was with the implicit promise that they would be returned to shareholders after being nursed back to health. But now, with the unsealing of documents this week that were produced as part of a lawsuit filed against the government, new evidence is coming to light on how intimately the White House was involved in the Treasury’s decision in August 2012 to keep all the companies’ profits for the government. That move effectively maintained...
  • Why Is the Obama Administration Trying to Keep 11,000 Documents Sealed?

    04/19/2016 8:53:22 AM PDT · by Lorianne · 13 replies
    Rolling Stone ^ | 18 April 2016 | Matt Taibbi
    The "most transparent administration in history" has spent years trying to hide embarrassing financial secrets from the public ___ It's not quite the Panama papers, but one hell of a big pile of carefully guarded secrets may soon be made public. For years now, the federal government has been quietly fighting to keep a lid on an 11,000-document cache of government communications relating to financial policy. The sheer breadth of the effort to keep this material secret may not have a precedent in modern presidential times. "It's the mother of all privilege logs," explains one lawyer connected with the case....
  • Marilyn Mosby Filed Gag Order Motion IN THE WRONG COURT (Really)

    06/09/2015 10:47:21 AM PDT · by servo1969 · 39 replies
    dailycaller.com ^ | 6-9-2015 | CHUCK ROSS
    Baltimore city state’s attorney Marilyn Mosby’s motion for a gag order in the Freddie Gray case was denied Monday because the prosecutor filed paperwork in the wrong court.Mosby’s May 14 motion, filed in Baltimore’s circuit court, was intended to block witnesses, attorneys and police from speaking publicly about the Gray case. Six officers have been indicted on a total of 28 felony charges related to Gray’s April 12 arrest. The 25-year-old Gray died April 19. His death was ruled a homicide.Judge Charles Peters slapped down Mosby’s motion, citing jurisdictional issues, The Baltimore Sun reported. The cases for the six...
  • How The Government Caused The Mortgage Crisis [Overregulation vs Free Markets]

    06/04/2015 9:58:13 AM PDT · by Jan_Sobieski · 8 replies
    Business Insider ^ | 10/16/2009 | JOHN CARNEY
    It wasn't greed that caused the mortgage mess. In large part, the mess was the product of government policies designed to increase home ownership among the poor and ethnic minorities. Today Peter Wallison points out how Fannie Mae, Freddie Mac and the FHA created a demand for bad mortgages that encouraged mortgage brokers to generate millions of them. From the Wall Street Journal: Mortgage brokers had to be able to sell their mortgages to someone. They could only produce what those above them in the distribution chain wanted to buy. In other words, they could only respond to demand, not...
  • Baltimore officers indicted for the death of Freddie Gray

    05/21/2015 2:29:33 PM PDT · by CivilWarBrewing · 95 replies
    WFSB.COM ^ | May 21, 2015 | Zach Winslett
    (RNN) - All six officers charged for the death of Freddie Gray have been indicted by a grand jury. "As our investigation has continued, additional info has been discovered, and, as is often the case, additional charges can be added," Baltimore State Attorney Marilyn Mosby said during a press conference in Baltimore.
  • Video Evidence Emerges Of Freddie Gray Running Into Building During Chase

    05/06/2015 5:22:18 PM PDT · by sheikdetailfeather · 34 replies
    The Conservative Treehouse ^ | 5-6-2015 | sundance
    Baltimore police have continually said their initial reasoning for suspecting Freddie Gray of suspicious activity was his immediate running from police when bicycle officers made eye contact. However, no-one has revealed he ran into a building. State Attorney Marilyn Mosby referenced the chase in her charging details: Mosby Said: “On April, 12 2015 between 8:45 and 9:15 a.m., near the corner of North Avenue and Mount Street. Lt. Brian Rice of the Baltimore Police Department while on bike patrol with Officer Garrett Miller and Edward Nero made eye contact with Freddie Carlos Gray Jr.” “Having made eye contact with Mr....
  • Confirmed – Freddie Gray’s Knife WAS Illegal

    05/05/2015 7:10:00 AM PDT · by servo1969 · 60 replies
    Legalinsurrection.com ^ | 5-5-2015 | Andrew Branca
    Last Friday, while Prosecutor Mosby was announcing her poorly supported tsunami of charges against the six police officers involved in arresting and transporting the ill-fated Freddie Gray, Mosby also remarked that Gray’s knife–claimed by police to be the probable cause for his arrest–was in fact lawful under Maryland law.As reported by the New York Times:Ms. Mosby faulted the police conduct at every turn. The officers who arrested him “failed to establish probable cause for Mr. Gray’s arrest, as no crime had been committed,” she said, describing the arrest as illegal. Officers accused him of possession of a switchblade, but Ms....
  • FOX NEWS BOMBSHELL! Freddie Gray tested positive for HEROIN and POT, cops saw him DEALING DRUGS!

    05/01/2015 7:37:37 PM PDT · by Greetings_Puny_Humans · 273 replies
    Hannity talking with anonymous cop making breaking news. Cop says Freddy tested positive for drugs, including heroin, thus supporting story by cops and the other criminal in the van that Freddy was trying to cause harm to himself. The drugs would certainly make it easier for him to do it. Cop also says they were explicitly told not to confront looters and robbers "direct from commander."
  • The Other Man In The Van With Freddie Gray Breaks His Silence

    04/30/2015 10:27:55 PM PDT · by Nachum · 114 replies
    CBS Balitimore ^ | 4/30/15 | staff
    BALTIMORE (WJZ ) — From the beginning, the investigation into what killed Freddie Gray has centered on what happened inside the police transport van. We knew there was another prisoner inside the van and tonight we hear from him. WJZ‘s Mike Schuh is the first to speak with Donta Allen about what he heard.
  • Freddie Gray died from 'catastrophic injury' after he fell head first in back of van

    04/30/2015 6:13:17 PM PDT · by sheikdetailfeather · 57 replies
    Daily Mail ^ | 4/30/2015 | Daily Mail
    An investigation has concluded Freddie Gray broke his neck after falling head-first into the back of the police van as it was moving, it was reported today. The news comes hours after Baltimore Police admitted the van transporting Gray made a previously unreported stop (pictured, left). The mysterious detail was picked up by a privately-owned security camera, and will be integral to the police investigation into Gray's death. Medical and law enforcement sources briefed on the police investigation told ABC News Gray's 'catastrophic' head injuries were consistent with hitting a bolt 'in the back door of the van'. They claimed...
  • Preliminary findings show Freddie Gray suffered head injury in police transport van

    04/30/2015 12:36:40 PM PDT · by magellan · 129 replies
    WJLA ABC 7 ^ | April 30 2015 | Brad Bell
    An investigation into the death of Baltimore resident Freddie Gray has found no evidence that his fatal injuries were caused during the videotaped arrest and interaction with police officers, according to multiple law enforcement sources.
  • There's a new mortgage crisis brewing [Richard Bove]

    02/24/2015 4:49:11 PM PST · by CutePuppy · 24 replies
    CNBC ^ | 2015 February 23 | Richard X. Bove
    In 2008, the nation entered into a financial crisis widely believed to have been caused by excesses in the residential mortgage industry. By 2010, the nation thought it had put in place a series of measures that not only would resolve the crisis but would insure that it never happened again. Yet, here we are in 2015 looking at another potential mortgage crisis. Only this time it is different. In 2008, funds flowed in waves into the mortgage industry. In 2015, it appears the funds are drying up. The solutions to the problem in 2010 and thereafter included: Suing and...
  • More Americans to buy homes with 3 percent down

    12/10/2014 7:21:18 AM PST · by TurboZamboni · 65 replies
    Pioneer Pres/AP ^ | 12-9-14 | Josh Boak
    WASHINGTON (AP) — Some Americans will soon be able to buy a home with a down payment as low as 3 percent, compared with the current minimum of 5 percent, the mortgage giants Fannie Mae and Freddie Mac say. The new lending guidelines announced by the companies Monday are designed to help more low-income and first-time buyers afford homes. Millions of Americans lost their savings or no longer had the income needed to set aside money for a home in the aftermath of the 2008 financial crisis and the Great Recession. That has held down the sales of houses and...
  • Fun fact: Guess where the current IRS commissioner used to work

    06/24/2014 8:37:26 AM PDT · by Nachum · 20 replies
    Washington Examiner ^ | 6/24/14 | T. Becket Adams
    Current IRS Commissioner John Koskinen testified Friday on the scandal involving the targeting of conservative groups applying for tax-exempt status. And although the hearing was filled with many memorable and tense moments, particularly between the commissioner and Rep. Paul Ryan, R-Wis., one detail that went unmentioned Friday is Koskinen's former employer. In case you didn't know, the man who currently heads the IRS was at one point with the Federal Home Loan Mortgage Corp., known more commonly as Freddie Mac.
  • Massachusetts Sues Fannie and Freddie Over Foreclosure

    06/08/2014 1:21:46 PM PDT · by Lorianne · 3 replies
    New York Times ^ | 02 June 2014 | Shaila Dewan
    Martha Coakley, the attorney general of Massachusetts, filed suit on Monday against Fannie Mae and Freddie Mac in an effort to force the federally owned mortgage finance giants to comply with a state antiforeclosure law passed in 2012. The law seeks to ease the way for so-called buyback programs, which are aimed at reducing the debt of the homeowner while saving the lender the cost of foreclosure and eviction. Fannie and Freddie have refused to allow homes with mortgages they back to enter buyback programs, the suit contends, even though it costs them money not to. “For too long, Fannie...
  • The Financial Crisis: Why Have No High-Level Executives Been Prosecuted?

    01/09/2014 8:35:15 PM PST · by Brad from Tennessee · 61 replies
    New York Review of Books ^ | January 9, 2013 | By Jed S. Rakoff
    Five years have passed since the onset of what is sometimes called the Great Recession. While the economy has slowly improved, there are still millions of Americans leading lives of quiet desperation: without jobs, without resources, without hope. Who was to blame? Was it simply a result of negligence, of the kind of inordinate risk-taking commonly called a “bubble,” of an imprudent but innocent failure to maintain adequate reserves for a rainy day? Or was it the result, at least in part, of fraudulent practices, of dubious mortgages portrayed as sound risks and packaged into ever more esoteric financial instruments,...
  • Transformation: Freddie Mac Does Another Risk-sharing Deal, Citi Sells Servicing Rights

    10/25/2013 7:30:21 AM PDT · by whitedog57 · 1 replies
    Confounded Interest ^ | 10/25/2013 | Anthony B. Sanders
    The mortgage market is undergoing a transformation. Fannie Mae and Freddie Mac are doing more credit risk-sharing deals (a sign of things to come) while Citi decides to sells its mortgage servicing portfolio. Oct. 25 (Bloomberg) By Jody Shenn — Freddie Mac “expects to complete another” sale of risk-sharing securities “shortly,” FHFA acting director Ed DeMarco said in speech yesterday afternoon. • NOTE: Freddie spokeswoman said last month it hopes to complete another deal this year; Fannie Mae execs said this month no more deals in 2013, working on one for early next year • FHFA plans for “scope and...
  • Levitan's Crony Capitalism Plea to Senate On Housing Reform (Wants Public-Private Hybrid Model)

    10/02/2013 11:01:44 AM PDT · by whitedog57 · 3 replies
    Confounded Interest ^ | 10/02/2013 | Anthony B. Sanders
    Georgetown law professor, Adam Levitan, testified in the US Senate yesterday on “Fundamentals of a Functioning Private Label Mortgage Backed Securities Market.” 172476171-Levitin-Senate-Banking-Testimony-10-1-13 Levitan was a student of Consumer Financial Protection Bureau architect and former Harvard law school professor Elizabeth Warren (now a US Senator). Levitan is a believer in BIG government and everything is the private sector’s fault. “Relying on PLS (Private Label Securities) to serve as the main financing source for the housing market would be a high-risk gamble with the US economy. Instead, a hybrid public-private system with first-loss private capital backstopped by an explicit and priced...