tag:blogger.com,1999:blog-9026484337051027793.post1117250754826149802..comments2009-04-02T15:13:22.372-04:00Andyhttp://www.blogger.com/profile/14309605333128481208andy@savingtoinvest.comBlogger3125tag:blogger.com,1999:blog-9026484337051027793.post-79161245736799142412009-04-02T15:13:00.000-04:002009-04-02T15:13:00.000-04:00Why can't we just close Freddi mac for new business (after cleaning up the toxic assets) already? The whole idea of giving mortgages to people who can't afford them is crazy.Best affiliateshttp://www.bestaffiliateprogramsreview.comnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-33850873834237889622009-03-11T09:36:00.000-04:002009-03-11T09:36:00.000-04:00News Release : Freddie Mac today announced that our board of directors has elected John Koskinen, most recently non-executive chairman, as the company’s interim CEO. Board member Robert Glauber becomes our interim non-executive chairman.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-9026484337051027793.post-6219416898552256532009-03-03T16:56:00.000-05:002009-03-03T16:56:00.000-05:00From the WSJ<BR/><BR/>"A person close to Mr. Moffett said his decision partly reflected "frustration" with a job offering little freedom of maneuver. "He's a private sector guy," this person said.<BR/><BR/>All major decisions must be cleared with the FHFA. In January, for instance, Freddie had to wait three weeks for an OK from the FHFA before it could put into effect an adjustment in the prices it pays for home mortgages. Even some fairly minor matters, such as decisions on whether to participate in panel discussions at conferences, must await FHFA approval. The agency has about a dozen officials at Freddie headquarters on a typical day and consults frequently with the CEO by phone or in person."Anonymousnoreply@blogger.com