Melissa mortgage giant freddie mac is heating up just when the government wants to cool it down. Freddie mac is reporting its Second Quarter largest earnings ever today but is it the cash cow that it seems to be . Or is there a catch in there privatizing freddie and fannie mae may sound good to some but how hard would it hit and hurt the Housing Market. We have former senior visor to the treasury department. Great to have you back on the show. Great to be here. Melissa so the big question today, how do you reconcile the idea they come out and have this five billion dollars profit and looks like they are on fire. Doing great with all their mortgages. They have their mojo back and at the same time the president comes out gives a speech saying we have to wind thhse guys down . How do you reconcile those two things. Dont get distracted by the shiny 5 billion. We have still 50 billion in the hole, in the red from the bailout. Melissa they have a lost quarters like this to pay us back. Exact
Melissa mortgage giant freddie mac is heating ujust when the government wants to cool it down. Freddie mac is reporting its Second Quarter largest earnings ever today but is it the cash cow that it seems to be . Or is there a catch in there privatizing freddie and fannie mae may sound good to some but how hard would it hit and hurt the housing market. We have former senior visor to the treasury department. Great to have you back on the show. Great to be here. Melissa so the big question today, how do you reconcile the idea they come out and have this five billion dollars profit and looks ke they are on fire. Doing great with all their mortgages. They have their mojo back andt the me time the president comes out gives a speech saying we have to wind thhse guys down . How do you reconcile those two things. Dont get distracted by the shiny 5 billion. We have still 50 billion in the hole, in the red from the bailout. Melissa they have a lost quarters like this to pay us back. Exactly, exac
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The Conference Board reporting confidence rose 81. 5 from 80. Consumers more upbeat about business, jobs and earnings progress. David syria for ministers said they would use all means available to defend itself in the event of a u. S. Strike, one day after u. S. Victory of state said there was no doubt this odd receiver thasad regime was usin. Cheryl sparking a rally in oil of 3. 09 settling in at 109. 01 per barrel. This is the first time that contract has closed above that level since february 2012. David u. S. Authorities are demanding jpmorgan pay more than 6 billion to settle allegations is missold securities. The bank is said to be resisting that demand. A whole lot more after th aftee bell starts right now. Lets get to todays action, schaeffers Investment Research in your technical strategist, last recommendation 31 since we told you, for new place for you, and in the pits of the cme. Good to see you both. I want to see where folks are parking their money right now. Taking out o
Can the Republican Party just say yes . It is tuesday, 15th, and this is now. Joining me today Huffington Post, Washington Bureau chief ryan grim, New York Times columnist and cohost of cnbcs squawk box andrew ross sorkin, msnbc contributor and queen bejoy reid, and cohost of msnbcs the cycle steve. Will the gop once again play the role of dr. No . This version of the actionpacked thriller would not involve threatening the launch of a u. S. Spaceship wan atomic powered radio beam. Instead, the victim would be the United States economy and the potentially disastrous impact of failing to raise the debt ceiling brsh according to speaker boehner, the ends justify the means. In a statement yesterday, boehner asserted the consequences of failing to increase the debt ceiling are real, but so, too, are the consequences of allowing our spending problem to go unresolved. It was a response to this stern warning from the president on monday. They will not collect a ransom in exchange for not crash