Posts Tagged ‘freddie mac’
Chart of AIG, FNM, FRE, C, BAC
Thursday, March 5, 2009 18:02 2 CommentsAny Questions?
Citigroup Credit Default Swaps Jump; Reminiscent of Fannie Mae/Freddie Mac
Tuesday, February 24, 2009 15:48 1 CommentThe Dow Jones reports that the cost of protecting Citigroup’s (C) subordinated debt against default rose to distressed levels Tuesday amid widespread uncertainty over what new government involvement in the banking giant would entail. Credit default swaps on Citi’s subordinated debt are trading at 8/11 points up front, according to Phoenix Partners Group. That means [...]
Wall St Bailout Cost Now Exceeds $4 Trillion
Tuesday, November 18, 2008 15:39 1 CommentThat’s right $4.28 trillion dollars. That’s $4,284,500,000,000. The total cost has now exceeded the total cost of World War 2, in inflation adjusted terms. Fannie Mae & Freddie Mac have cost the American taxpayer $350 Billion, AIG $110 Billion+, Bear Stearns $30 Billion and $25 Billion to the Auto Makers.
The US has shelled out $700 [...]
