Sep 24, 2008

Fannie Mae & Freddie Mac

Por supuesto, estas cosas no se leen en la prensa argenta.

La administración Bush planteó la reforma de Fannie Mae y Freddie Mac 17 (diecisiete) veces sólo en 2008. Nadie les llevó el apunte, ni los demócratas ni el Congreso, controlado por demócratas:

For many years the President and his Administration have not only warned of the systemic consequences of financial turmoil at a housing government-sponsored enterprise (GSE) but also put forward thoughtful plans to reduce the risk that either Fannie Mae or Freddie Mac would encounter such difficulties. President Bush publicly called for GSE reform 17 times in 2008 alone before Congress acted.

Unfortunately, these warnings went unheeded, as the President's repeated attempts to reform the supervision of these entities were thwarted by the legislative maneuvering of those who emphatically denied there were problems.

The White House released this list of attempts by President Bush to reform Freddie Mae and Freddie Mac since he took office in 2001. Unfortunately, Congress did not act on the president's warnings.


Y no se pierdan este comentario:

While the figures behind Enron were calculator-busting, the problems at Fannie Mae were greater: roughly $11 billion in earnings restatements. That’s about 19 times more than Enron’s accounting “errors.” Although broadcast news offered wall-to-wall coverage of the endless commas and zeros behind the Enron collapse, Fannie Mae’s staggering problems and the resignation of six top executives, including the CEO and chief financial officer, received almost no TV news attention.

Es decir, Fannie & Freddie es un escándalo 20 veces más grande que Enron, pero en Enron había "codiciosos republicanos" y acá los involucrados son todos demócratas, así que no vale la pena buscar culpables.

4 comments:

  1. "Ven, nuestro sistema es mejor", diría la maestra ciruela en tono de reprimenda a quienes dirigen el primer mundo.

    "Nosotros lo hubiéramos arreglado con decretos de necesidad y urgencia, qué joder".

    ReplyDelete
  2. Pero son los mismo que van a asesorar a Super Obama en economía los que robaron en Freddie y Maddie.

    Esta es la ley de Jimmy Carter y Bill Clinton obligando a prestar plata "de onda":

    http://en.wikipedia.org/wiki/Community_Reinvestment_Act

    ReplyDelete
  3. "el fracaso del capitalismo" le llaman.

    ReplyDelete
  4. http://hnn.us/articles/1849.html

    ReplyDelete

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