Experts Moderate Initial Enthusiasm for GSE Takeover

9/9/2008

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Experts Moderate Initial Enthusiasm for GSE Takeover   Tue, 9 Sep 2008 10:20:44 EST Old Conventional Wisdom, Monday version: economists, markets thrilled with Fannie and Freddie conservatorship. New CW, Tuesday version: maybe not so much. After allowing 48 hours to digest the news of the government seizure of the two government sponsored enterprises, many columnists, analysts, and politicians were retrenching as they evaluated ramifications of the action. The revised takes on the takeover ranged from cautious optimism to crystal ball gazing, from unsought advice to angry expressions of betrayal. Reading through it all one gets a strong feeling that Freddie and Fannie aren't necessarily dead, a huge battle is looming, and the Bush administration may pay a price for their actions. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. Frank On FNM-FRE Bailout CNBC Videos 9/9/2008 1:43:20 PM Congress is planning ot hold hearings on the bailout, with Rep. Barney Frank, (D) Massachusetts and CNBC's Bill Griffeth. Mortgage Woes CNBC Videos 9/9/2008 10:15:48 AM There's more pain to come in the mortgage industry, reports CNBC's David Faber Pending Home Sales & Wholesale Trade CNBC Videos 9/9/2008 10:27:50 AM A look at the the foward looking indicator for housing and the wholesale trade numbers, with CNBC's Diana Olick & Rick Santelli Top Cities for Home Price Rebound CNBC Videos 9/9/2008 10:59:16 AM A look at where home prices are likely to rise, with Matt Woolsey, Forbes.com senior reporter Lehman Tumbles CNBC Videos 9/9/2008 11:06:52 AM Lehman shares plummet, reports CNBC's David Faber Global Financial Summit CNBC Videos 9/9/2008 9:27:22 AM A look at the hot topics at the Global Financial Summit, with Tim Adams, The Lindsey Group managing director Global Implications of the Bailout CNBC Videos 9/9/2008 9:33:39 AM Whether the bailout makes the U.S. more attractive investment destination, with Alex Patelis, Merrill Lynch head, international economics and Don Peebles, Peebles Corporation CEO Fixing Fannie & Freddie; Paulson: Losing Sleep? Bloomberg 9/8/2008 10:38:07 PM Analysis of the Freddie Fannie Takeover by Henry Paulson, Treasury Secretary. Fannie & Freddie's Fate; U.S Subprime Crisis Bloomberg 9/9/2008 2:02:29 AM Government controlled conservatorship; U.S. gov't to invest up to $100 Billion; Fannie & Freddie: Dodd - Why Didn't U.S. Act Sooner? Bloomberg 9/9/2008 6:12:00 AM Report and analysis by Ellen Braitman   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.

The Fannie Freddie Bombshell

9/8/2008

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Treasury Department Announces GSE Conservatorship   Mon, 8 Sep 2008 07:13:59 EST Unless you spent Sunday spelunking in Howe's Cavern, you probably know that at about 11 a.m. the other shoe finally dropped. After weeks of anticipation and speculation, Treasury Secretary Henry Paulson announced that the federal government had taken over Freddie Mac and Fannie Mae. No one is really sure what the takeover will cost - estimates range as high as $200 billion - but it is clear that taxpayers and some stockholders are going to take a bath. It is also questionable just how much the drastic federal move will impact the housing slump, foreclosures, interest rates, or lots of other things that were given as reasons for the action. Read Full Story Email This Story To A Friend   TODAY'S VIDEO NEWS Bookmark this page or subscribe to our video RSS Feed and visit daily for breaking Mortgage and Real Estate related news. The Bloomberg Edge: Who Lost on Fannie and Freddie Bloomberg 9/8/2008 9:41:45 AM Losers - According to June 30th Filings, Fidelity Investments, Wellington Management, and Dodge & Cox FHFA's Lockhart on Takeover CNBC Videos 9/8/2008 8:50:00 AM Discussing the goverment's dramatic plan to seize control over Fannie Mae & Freddie Mac, with James Lockhart, Office of Federal Housing Enterprise Oversight director Charles Schumer on FF Takeover CNBC Videos 9/8/2008 9:04:00 AM Discussing the government's move, with Charles Schumer, D-NY and with John Snow, former Treasury Secretary/Cerberus Capital Management chairman Paulson on Fannie Mae/Freddie Mac CNBC Videos 9/8/2008 8:33:28 AM Discussing the government's decision to seize Fannie Mae and Freddie Mac, with Treasury Secretary Henry Paulson Warren Buffett on Fannie/Freddie CNBC Videos 9/8/2008 8:33:27 AM Feedback on the government takeover of Fannie Mae and Freddie Mac, with Warren Buffett, Berkshire Hathaway chairman/CEO The Government's Plan CNBC Videos 9/8/2008 8:48:10 AM Insight on whether the plan for Freddie & Fannie is the right course of action, with John Snow, former Treasury Secretary/Cerberus Capital Management chairman Economic Essentials: U.S. Mortgage Bailout (part 2) Bloomberg 9/8/2008 8:33:35 AM Yen drops in 7-weeks, as U.S. takes over Fannie & Freddie; U.S. mortagge rescue triggers return of risk appetite, Merkets show; Analysis by Charles Diebel of Nomura International Economic Essentials: U.S. Mortgage Bailout (part 1) Bloomberg 9/8/2008 8:33:35 AM Treasuries fall as U.S. government rescues Fannie and Freddie; Analysis by Charles Diebel of Nomura International Inside Business: Market Reaction To Fannie & Freddie Bloomberg 9/8/2008 8:33:36 AM Analysis by Daniel Pfaendler of Dresdner Kleinwort Market Reaction To Fannie And Freddie Bloomberg 9/8/2008 8:33:37 AM Yen drops most in 7-weeks, as U.S. takes over Fannie, Freddie; Analysis by Simon Derrick of New York Mellon Bank Fannie & Freddie's Fate Bloomberg 9/8/2008 8:33:37 AM Government purchase of GSE equity may mean higher treasury insurance; Analysis by Dariusz Kowalczyk, CFC Seymour Chief Investment Strategist   Please send any feedback or suggestions directly to our editor at info@MortgageNewsDaily.com. To UNSUBSCRIBE login to our Members Area and use the Unsubscribe Feature. Your User Name is your Email Address. If you forgot your Password use our 'Forgot Password' feature. DO NOT REPLY TO THIS EMAIL.