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Rebuilding, repaving and recovering in Douglas County

October 2, 2012 in Alexandria Echo Press

Rebuilding Recycled Plastics in Garfield, a new speed limit in Osakis, paving the Services Center parking areas and recovering money were discussed at last week’s county board meeting. Continue Reading

Countrywide won influence with discounts: Sen. Kent Conrad among congressmen treated to VIP loan

July 5, 2012 in The Dickinson Press

WASHINGTON (AP) The former Countrywide Financial Corp., whose subprime loans helped start the nation’s foreclosure crisis, made hundreds of discount loans to buy influence with members of Congress, congressional staff, top government officials and executives of troubled mortgage giant Fannie Mae, according to a House report. Continue Reading

Thune aims at Fannie, Freddie bonuses, calls pay ‘an outrage’

February 1, 2012 in The Daily Republic

“It’s hard to believe those agency executives felt they deserved those bonuses,” Thune said. Continue Reading

S&P downgrades credit ratings for fed lenders, farm lenders

August 8, 2011 in Grand Forks Herald

Standard & Poor’s Ratings Services today downgraded the credit ratings of Fannie Mae and Freddie Mac and other agencies linked to long-term U.S. debt.
The agency also lowered the ratings for: farm lenders; long-term U.S. government-backed debt issued by 32 banks and credit unions; and three major clearinghouses, which are used to execute trades of stocks, bonds and options. Continue Reading