JPMorgan Chase: $3.6 billion in profits in the last quarter. Goldman Sachs: $3.03 billion. Analysts expect a string of sky-high profit announcements to follow from other major Wall Street banks, all of them squirreling that cash away for historic bonus payments to executives. In other words, it's been a good year for government-sponsored enterprises -- known in the industry as GSEs. Traditional GSEs such as Fannie Mae and Freddie Mac have been tagged as culprits in the financial collapse, with critics arguing that the institutions took on too much risk because their losses were guaranteed by the federal government.
Fannie, Freddie And Citi: The Rise Of The New Government-sponsored Enterprise
The Huffington Post News Editors, Huffington Post
Thu, 10/15/2009 - 1:14pm
Topics: the value of the big bank subsidy, i can if they i think they chase sachs traditional aig citigroup gse i christopher whalen institutional risk analytics treasury department national economists club implicit when bank merrill lynch january the boa dean baker center economic policy research bofa temporary assistance needy families too big fail big bank subsidy federal deposit insurance corporation private major congress tbtf senate republican whip jon kyl arizona huffpost federal reserve chairman alan greenspan council relations standard oil so senate democrats sen dorgan north dakota democratic even jpmorgan ceo jamie dimon whelan fdic sheila bair allowing ayn rand from barr president obama mr president financial crisis wall street gses it fannie mae freddie mac today citi america i u.s treasury michael barr at september baker mcarthur fed in federal reserve greenspan greenspan new york system free speech losses support report people cost roughly bondholders reduce work fourth orderly percent concern money expect future told put
BING NEWS:
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Shares of Fannie Mae and Freddie Mac , the mortgage giants under U.S. government control since 2008, surged to multi-year highs on Friday after federal agencies revealed a framework for their "orderly ...
01/3/2025 - 10:01 am | View Link - More
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