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Brit's Want Their Country Back Status: Not Logged In; Sign In United States News See other United States News Articles Title: Freddie Mac: "Potential Large Wave of Foreclosures" Source: [None] URL Source: [None] Published: Feb 24, 2010 Author: CalculatedRisk Post Date: 2010-02-24 13:22:51 by Nebuchadnezzar Keywords: None Views: 19314 Comments: 61 Freddie Mac: "Potential Large Wave of Foreclosures" by CalculatedRisk on 2/24/2010 11:55:00 AM "We start 2010 with some early signs of stabilization in the housing market, with house prices and home sales likely nearing the bottom sometime in 2010. We expect that low mortgage rates, relatively high affordability and the homebuyer tax credit will help continue to fuel the recovery. Still, the housing recovery remains fragile, with significant downside risk posed by high unemployment and a potential large wave of foreclosures." Freddie Mac Chief Executive Officer Charles E. Haldeman, Jr. The quote is from the Freddie Mac Q4 earnings release: Freddie Mac Releases Fourth Quarter and Full-Year 2009 Financial Results Fourth quarter 2009 net loss was $6.5 billion. After the dividend payment of $1.3 billion to the U.S. Department of the Treasury (Treasury) on the senior preferred stock, net loss attributable to common stockholders was $7.8 billion ... for the fourth quarter of 2009. ... Full-year 2009 net loss was $21.6 billion. After dividend payments of $4.1 billion during the year to Treasury on the senior preferred stock, net loss attributable to common stockholders was $25.7 billion ... for the full-year 2009. Another $7.8 billion in losses ... Post Comment   Private Reply   Ignore Thread   Top • Page Up • Full Thread • Page Down • Bottom/Latest Begin Trace Mode for Comment # 9. #1. To: Nebuchadnezzar (#0) And these clowns still want to pretend this is Bush's fault? (eyes rolling) Badeye  posted on  2010-02-24   13:42:24 ET  Reply   Untrace   Trace   Private Reply   #2. To: Badeye (#1) (Edited) And these clowns still want to pretend this is Bush's fault? No...we blame people like you who allowed the theft of one, possibly two, elections, that put that moron in office... war  posted on  2010-02-24   13:44:35 ET  Reply   Untrace   Trace   Private Reply   #3. To: war (#2) No...we blame people like you who allowed the theft of one, possibly two, elections, that put that moron in office... Dude, you guys lost fair and square in FL. Get over it. Nebuchadnezzar  posted on  2010-02-24   14:01:46 ET  Reply   Untrace   Trace   Private Reply   #5. To: Nebuchadnezzar (#3) When you are insane (he is) facts just don't matter. He thinks Ohio was 'stolen' in 04 btw....(laughing) Badeye  posted on  2010-02-24   14:30:14 ET  Reply   Untrace   Trace   Private Reply   #9. To: Badeye (#5) Legal filing highlights Blackwell's hypocrisy in Ohio recount case by Blair Bobier March 7, 2005 A spokesman for the Green Party's 2004 presidential campaign, which initiated the Ohio recount, today blasted the suggestion by Ohio's Republican Secretary of State J. Kenneth Blackwell that he would need to take depositions from John Kerry and John Edwards as part of the Ohio recount litigation. "Mr. Blackwell's contention that he needs to depose Senators Kerry and Edwards is a laughable and blatantly political move. Mr. Blackwell has refused to be deposed himself about the Ohio election, has refused to appear before Congress and has refused to answer questions from members of the House Judiciary Committee who have been investigating allegations of election fraud. To suggest that Kerry and Edwards should be deposed to address a legal technicality while Mr. Blackwell continues to avoid any public scrutiny of his own misconduct in the Ohio election is the height of hypocrisy," said Blair Bobier, Media Director for the 2004 Cobb-LaMarche campaign. The report by the House Judiciary Committee's Democratic staff on the Ohio election and recount states that "there were massive and unprecedented voter irregularities and anomalies in Ohio. In many cases these irregularities were caused by intentional misconduct and illegal behavior, much of it involving Secretary of State J. Kenneth Blackwell, the co-chair of the Bush-Cheney campaign in Ohio." Blackwell's intention to depose Kerry and Edwards was made known by Ohio Attorney General Jim Petro in the latest round of legal filings concerning the Ohio recount. In February, Federal Judge Edmund Sargus in Columbus asked the parties in the Ohio recount case to submit filings to his court addressing whether the litigation should be transferred and consolidated with a Toledo case brought last November seeking to expedite the start of the recount. Blackwell's filing was in response to that request. Attorneys for Green Party presidential candidate David Cobb and Libertarian Party presidential candidate Michael Badnarik, who jointly requested the Ohio recount, have already filed their response to the Judge's question. Kerry and Edwards, through their Ohio attorney, filed a one sentence statement with the Judge supporting the Cobb and Badnarik position. Kerry's lawyer also filed a short, two page summary charting inconsistencies observed by Democratic Party witnesses to the recount. The matter is pending in the Eastern Division of the United States District Court for the Southern District of Ohio, before Judge Sargus. Conferences, lectures and teach-ins about the Ohio election and electoral reform have been taking place all over the country, most recently in Santa Monica, California on Sunday. Additional information about the recount and the entire 102 page report by the House Judiciary Committee's Democratic staff can be found at http://www.votecobb.org. The website for the national Green Party is http://www.gp.org. war  posted on  2010-02-24   15:37:21 ET  Reply   Untrace   Trace   Private Reply   Replies to Comment # 9.         There are no replies to Comment # 9. End Trace Mode for Comment # 9. Top • Page Up • Full Thread • Page Down • Bottom/Latest

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