Fannie Mae

Morality is a necessary principle in all highly functioning societies. Without it, our societies, institutions, businesses, and lives can devolve into chaos and corruption. Morality is closely tied to the values of fairness, justice, and equality. The big bank bailout of 2008 significantly challenged our sense of morality by showing how inequality and injustice are alive and well in the banking world. More importantly, it showed us that social class often determines how individuals fare when…

It so happens she was born during World War II, but don’t remember any events that have taken place at the time. My grandmother parents are Lily Mae Madison and Henry Madison Sr. My grandmother was born at home with a midwife on eagle street in Franklin, Louisiana. She was the third oldest out of her six brothers and sisters. My grandmother said her father had worked at a sugar mill. When the war…

the fractional reserve banking system. The benefits include more value/less inflation, lower unemployment rate, and higher GDP. Under this system, there is less cash available to finance fraudulent wars and no chance for giant corporations like Fannie Mae/Freddie Mac and Citi group to be bailed out due to their fraudulent practices. Purchasing power of the dollar will increase with time, the consumer price index will improve, and wages will correlate to the cost of living. You’re probably…

The Federal National Mortgage Association: An Entrepreneurial Agency The Federal National Mortgage Association (FNMA) functions as an entrepreneurial agency. According to Wilson, an agency is entrepreneurial when the costs are heavily concentrated in some industry, profession, or locality, and the benefits are spread over many people. This type of agency faces hostile interest groups that bear the high per-capita costs, while its supporters are less organized because of the low per-capita…

at the famously undercover Federal Reserve. Alan Greenspan got a kick out of the chance to develop a quality of riddle. When Bernanke ventured down, the Fed executive was holding four news gatherings a year. The shortness of breath with which Bernanke portrays this advancement — four news gatherings a year! — Accidentally demonstrates his point (https://www.federalreserve.gov/monetarypolicy/bst_crisisresponse.htm). As Bernanke himself tells the story, he maybe came to appreciate wearing the…

Thomas Theisen English 112 Professor Friesen 11/04/2014 Economic Change in Times of War The interconnectedness of specific events in a nation and the resulting state of the country’s economy has been analyzed for centuries. Specifically, there is an on-going investigation into the economic change and fluctuation in commerce a country experiences during a period of conflict. Three key questions emerge while researching for information and data on wartime economies: Does war stimulate…

The meaning of the American Dream and how people interpret it has changed tremendously over the years. It has not always been having materialistic possessions, a meaningful life, and spending time with family and friends; in fact, the original meaning was to live where there is opportunity for achievement and a richer and fuller life for everyone. Thomas Wolfe, and American Novelist said, “To every man, regardless of his birth, his shining, golden opportunity, the right to live, to work, to be…

weakening in economic growth. The worldwide recession hit almost every country and financial uncertainty was dominating the markets. This has mainly happened due to the insolvency of many system-relevant financial firms, such as the Lehman Brothers, Fannie Mae & Freddie Mac. The franc has been permanently revaluated since 2008. 1.2 Measures against the strength of the Swiss franc After the SNB had almost completely exhausted the interest margin by means of liquidity-providing repo…

The book “DIVIDE” written by Matt Taibbi was published in 2014 by Spiegel & Grau Publisher. The book consists of stories that portray the U.S society as a society that divides the citizens in to rich and poor and ones with power or without power. Powerful people gain even more power while those who are weak get weaker. Average citizens are being criminalized while large corporations are being forgiven for their criminal actions. Taibbi goes through nine examples that exemplify how justice works…

Mozilo said…” (John Carney) This quote from former Countrywide CEO, Angelo Mozilo, shows either how out of touch he was with the reality of what he did or the several moral and ethical issues ignored by him other leaders at Countrywide. “In 2010 Fannie Mae conducted a national survey that found that 9 out of 10 respondents say it is wrong for borrowers who owe more on their house than it is worth to default on their mortgage. Americans still look at their mortgage obligations as moral…