Fannie, Freddie Kept Off Budget, Dividends Counted (Update2)

Fannie, Freddie Kept Off Budget, Dividends Counted (Update2)
News Date: 
04th Feb 2010
News Author: 
Dawn Kopecki

Feb. 1 (Bloomberg) -- President Barack Obama’s budget blueprint for the next fiscal year excludes the $6.3 trillion in liabilities of government-controlled Fannie Mae and Freddie Mac and delays for a second time a decision on restructuring the mortgage-finance companies that were seized 17 months ago.

The companies may need $54.4 billion more in U.S. Treasury Department preferred stock purchases to stay afloat in the current year that ends Sept. 30, and $23 billion more for the next fiscal year, according to calculations made from the Obama administration’s 2011 budget proposal to Congress today.

 

Image: 

Bookmark this page

  Search  

Our Guests

Mohan Kharbanda : ...

In 2002 Mohan led the launch and establishment of Dell India.  As the Managing ...

More Guests

 For Free Magazine Subscription

* Email

Business Book Reviews

7 Habits of Highly Effective People

The book and the author are well known.  It is a classic after all.  Many have read it and others will.  This review can act as a precursor to the full reading or a quick repeat of the last read.  In any case, this book covers a lot of ground.  However, as for most knowledge, it is useless unless implemented.  I think these pages are dense, but if implemented they can benefit enormously, unlike many other pages in the world.  Is it the best book in the world?  Some say that, we don't.  It is a book worth reading for sure, but not if you do not plan to follow through.  Fortunately, with an entire gamut of paraphernelia, Dr. Covey makes it easier to implement.

Editorial

Mike Sylver, CEO of Just ...

This is a video about the launch of the site.

More Editorials

Discussion of the week

Facebook in 10 years...... 25th August, 2009 By Nick Vaidya

Has the facebook phenomenon reached maturity and equilibrium or are we to expect change?  It

More Discussions

CEO Blogs

Thoughts From A SaleMost readers of this blog know that our company recently sold its Jupiterimages division.  We were in the image business for nearly 6 years.  I will not bore readers with the details of the history or the highs and lows.  However there are a few salient lessons that I learned from the experience.

Ask CEO

You can now ask questions to our experts and get your queries resolved.
Latest Questions
More Questions

Quote of the Day

Life is like a movie. Even if you are a janitor among kings, you should know you have the lead role.
- Nick Vaidya 

White Papers

Acheiving High Performance In A Multi-Polar World by Accenture Download

Recent Comments

  • Thought Leadership
  • Book Reviews
  • News


Follow Nick Vaidya on