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Born at the Crest of the Empire

Friday, September 05, 2008

Looking over the edge

(WaPo) Fannie Mae, Freddie Mac to be Put Under Federal Control, Sources Say

(NYTimes) U.S. Rescue Seen at Hand for 2 Mortgage Giants

I think it's very important to note how they're doing this, releasing it as a leaked "trial balloon" on Friday after the markets closed. Not enough specifics to make a really solid judgment and two days to get used to the idea before markets open Monday.

The idea is so market jolting that they're trying to introduce it as softly as possible. Oy.


  • This idea has been floating for a while. It was in last week's economist, for example.

    I guess it is getting enough traction to be "news" now.

    By Blogger Praguetwin, at 1:13 PM  

  • Yeah, it's been speculated, but I think they're "leaking" to try and really put it out there.

    By Blogger mikevotes, at 6:21 PM  

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