Venezuela cut off the transmission of a speech by opposition leader Henrique Capriles Radonski yesterday using a system of national broadcasts known as “cadena” after he said the government “stole” this month’s election.
A group of House Democrats is urging President Barack Obama to nominate a permanent director for the Federal Housing Finance Agency to replace an acting chief they say is standing in the way of aid for struggling borrowers.
Efforts by Fannie Mae and Freddie Mac to force sellers to repurchase soured mortgages may be weakened by the replacement of their “very aggressive” regulator, Graham Fisher & Co. analyst Joshua Rosner said.
Let’s boil down the Securities and Exchange Commission’s claims last week against six former Fannie Mae and Freddie Mac executives to their essence. Every disclosure that the SEC says amounted to fraud is something the government blessed or turned a blind eye to as it was happening.