Finance

1:50pm

Fri February 3, 2012
The Two-Way

Senator Demands Answers from Freddie Mac's Regulator

Originally published on Fri February 3, 2012 2:19 pm

Sen. Robert Casey, a Democrat from Pennsylvania, sent a list of questions about Freddie Mac's controversial trades to the mortgage giant's regulator, highlighting how much remains unknown even after a flurry of statements from the regulator.

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11:45am

Wed February 1, 2012
The Two-Way

Freddie Mac's Conflict Is 'Unsavory,' 'Shocking,' 'Stunning,' Key Senators Say

Two senators who have taken the lead on legislation aimed to help homeowners refinance at historically low interest rates were blunt this morning about how concerned they are by the news NPR reported earlier this week that Freddie Mac "has placed multibillion-dollar bets against American homeowners being able to refinance to cheaper mortgages."

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12:24am

Tue January 31, 2012
Business

Treasury To Probe Freddie Mac's Investments

Freddie Mac last month said it would stop making risky bets against homeowners after concerns were raised by its regulator, the Federal Housing Finance Agency. The statement by the FHFA was issued in response to an investigation by NPR and ProPublica that disclosed how Freddie Mac bought billions of dollars in securities that turned a profit if homeowners remained stuck in high rate mortgages. The White House said the Treasury Department is looking into Freddie Mac's investments. Steve Inskeep talks with NPR's Chris Arnold and Jesse Eisinger of ProPublica about their report.

10:01pm

Mon January 30, 2012
Europe

In Italy, Art As A Window Into Modern Banking

Originally published on Wed May 23, 2012 9:05 am

Oil painting by Marinus van Reymerswaele.
Courtesy of Palazzo Strozzi

As Italy and much of Europe struggle with their finances, the city of Florence has staged an art exhibition looking at the critical — and controversial — role that financial institutions have played for centuries.

The recent Money and Beauty exhibit, held in the majestic 15th-century Palazzo Strozzi, illustrated how Florentine merchants got around the Catholic Church's ban on money-lending and bankrolled the Renaissance.

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5:00pm

Mon January 30, 2012
The Two-Way

Report Prompts Calls To End Freddie Mac's Conflict Of Interest

A sign for Freddie Mac in front of its headquarters in McLean, Va.
Alex Wong Getty Images

Several U.S. lawmakers and prominent economists on Monday said Congress and the White House should end a financial conflict of interest at the taxpayer-owned mortgage company Freddie Mac.

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