Interesting history of the pressures and difficulties of being Fannie Mae from the New York Times.
Shortly after he became chief executive, Mr. Mudd traveled to the California offices of Angelo R. Mozilo, the head of Countrywide Financial, then the nation’s largest mortgage lender. Fannie had a longstanding and lucrative relationship with Countrywide, which sold more [...]
During the early days of the financial meltdown, the news was that Wells Fargo Bank was set to acquire teetering Wachovia, but those reports were overshadowed by the news that the FDIC had brokered a deal with Citigroup for the acquisition.
If you read beyond the smear headlines that seem to dominate every major news source, [...]
This is disappointing.
The Santa Barbara County Board of Supervisors approved a measure Tuesday to support offshore oil drilling, decades after an infamous 1969 oil spill coated the coastline and spawned the modern environmental movement.
I was shocked to read this. Seriously shocked. Santa Barbara has long been a stalwart opponent of offshore drilling and Rep. Lois [...]
The horsemen of the apocalypse are on the hunt. Here’s the latest news on the pale horses of death: ExxonMobil, Total, Chevron, Shell, et al who have been given preferential treatment and no-bid contract opportunities to service Iraq’s oil fields. (Remember this?)
The NY Times reports:
The deals, expected to be announced on June 30, [...]
On Thursday’s NewsGang Live, Rob LaGesse made the rather sweeping pronouncement that we were “much better off today than we were 30 years ago.” I disagreed. I also thought he had a rather arrogant idea of what people could and could not do when it came to picking up and moving from an economically [...]
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