In Rescue to Stabilize Lending, U.S. Government Takes Over Mortgage Finance Titans
Oh my God. :( From the New York Times:
As Crisis Grew, One Option Remained
By CHARLES DUHIGG, STEPHEN LABATON and ANDREW ROSS SORKINThe downfall of Fannie and Freddie stems from a series of miscalculations and deferred decisions.
Few Stand to Gain on This Bailout, and Many Lose
By ERIC DASHThe departing leaders of Fannie Mae and Freddie Mac could see big paydays - a prospect that angers many investors, because ordinary stockholders could be virtually wiped out.
In Rescue to Stabilize Lending, U.S. Takes Over Mortgage Finance Titans
By STEPHEN LABATON and EDMUND L. ANDREWS
The bailout plan for Fannie Mae and Freddie Mac places them in a conservatorship of the government and replaces the management.
- Outline of Plan (treasury.gov)
- Paulson: Text |
CNBC Video - Times Topics: Fannie | Freddie
Fannie, Freddie and You: What It Means to the Public
By RON LIEBERMortgage rates may fall a bit initially but probably not enough to quickly halt the decline in home prices.
The Dilemma of Fannie and Freddie
By FLOYD NORRISThere have been bailouts before, but none that seemed more crucial than that of Fannie and Freddie.