Fed to Rescue Fannie Mae, Freddie Mac

[sdduuuude]

svelte – here is an article that explains a bit more about F&F.

http://calculatedrisk.blogspot.com/2008/07/krugman-on-gses.html

[kev374]

correct me if I am wrong but a failure of Freddie or Fannie and a consequent bailout by the government will first require liquidation of shareholder equity. This means shareholders get nothing! So any talk of a possible bailout plan should send shares down not up because it confirms that the situation is precarious.

[kev374]

correct me if I am wrong but a failure of Freddie or Fannie and a consequent bailout by the government will first require liquidation of shareholder equity. This means shareholders get nothing! So any talk of a possible bailout plan should send shares down not up because it confirms that the situation is precarious.

[kev374]

correct me if I am wrong but a failure of Freddie or Fannie and a consequent bailout by the government will first require liquidation of shareholder equity. This means shareholders get nothing! So any talk of a possible bailout plan should send shares down not up because it confirms that the situation is precarious.

[kev374]

correct me if I am wrong but a failure of Freddie or Fannie and a consequent bailout by the government will first require liquidation of shareholder equity. This means shareholders get nothing! So any talk of a possible bailout plan should send shares down not up because it confirms that the situation is precarious.

[kev374]

correct me if I am wrong but a failure of Freddie or Fannie and a consequent bailout by the government will first require liquidation of shareholder equity. This means shareholders get nothing! So any talk of a possible bailout plan should send shares down not up because it confirms that the situation is precarious.

[DWCAP]

FLU, my take on that pic.

“Please Mr Tax Payer Sir; May I have another 5 Trillion dollars?”

[DWCAP]

FLU, my take on that pic.

“Please Mr Tax Payer Sir; May I have another 5 Trillion dollars?”

[DWCAP]

FLU, my take on that pic.

“Please Mr Tax Payer Sir; May I have another 5 Trillion dollars?”

[DWCAP]

FLU, my take on that pic.

“Please Mr Tax Payer Sir; May I have another 5 Trillion dollars?”

[DWCAP]

FLU, my take on that pic.

“Please Mr Tax Payer Sir; May I have another 5 Trillion dollars?”

[davelj]

[quote=fat_lazy_union_worker]Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”
[/quote]

Here’s mine:

“Gentlemen, I have a plan inside my hands. It’s a magical plan. Proprietary, if you will. But mainly magical. That’s why I have to keep it hidden from view – inside my hands where bad people – evil naysayers – can’t view it. Unlike previous plans, which have failed woefully thus far, this magical proprietary plan will work. And work really really well. But before I can open my hands and unveil this magical plan, I need a promise from you. Hey, what sort of magical plan would come without some strings attached, right? But I digress. What I need is access to, say, about $500 billion of our money. I say “our” because as a U.S. taxpayer I own a teeny tiny part of that $500 billion. So, it really is “our” money. Anyhow, once you promise to give me access to the $500 billion, then and only then will I open my hands and unveil the magical plan. Which, again, is going to work really really well. Hey, if you can’t trust Big Hank – the Treasury Secretary – then who can you trust, right? So, about that promise… and no finger crossing either.”

[davelj]

[quote=fat_lazy_union_worker]Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”
[/quote]

Here’s mine:

“Gentlemen, I have a plan inside my hands. It’s a magical plan. Proprietary, if you will. But mainly magical. That’s why I have to keep it hidden from view – inside my hands where bad people – evil naysayers – can’t view it. Unlike previous plans, which have failed woefully thus far, this magical proprietary plan will work. And work really really well. But before I can open my hands and unveil this magical plan, I need a promise from you. Hey, what sort of magical plan would come without some strings attached, right? But I digress. What I need is access to, say, about $500 billion of our money. I say “our” because as a U.S. taxpayer I own a teeny tiny part of that $500 billion. So, it really is “our” money. Anyhow, once you promise to give me access to the $500 billion, then and only then will I open my hands and unveil the magical plan. Which, again, is going to work really really well. Hey, if you can’t trust Big Hank – the Treasury Secretary – then who can you trust, right? So, about that promise… and no finger crossing either.”

[davelj]

[quote=fat_lazy_union_worker]Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”
[/quote]

Here’s mine:

“Gentlemen, I have a plan inside my hands. It’s a magical plan. Proprietary, if you will. But mainly magical. That’s why I have to keep it hidden from view – inside my hands where bad people – evil naysayers – can’t view it. Unlike previous plans, which have failed woefully thus far, this magical proprietary plan will work. And work really really well. But before I can open my hands and unveil this magical plan, I need a promise from you. Hey, what sort of magical plan would come without some strings attached, right? But I digress. What I need is access to, say, about $500 billion of our money. I say “our” because as a U.S. taxpayer I own a teeny tiny part of that $500 billion. So, it really is “our” money. Anyhow, once you promise to give me access to the $500 billion, then and only then will I open my hands and unveil the magical plan. Which, again, is going to work really really well. Hey, if you can’t trust Big Hank – the Treasury Secretary – then who can you trust, right? So, about that promise… and no finger crossing either.”

[davelj]

[quote=fat_lazy_union_worker]Here’s a picture of U.S. Treas Sec Henry Paulson…

Caption this.

I’ll start….

“Dear Lord, please make this plan work…Amen”
[/quote]

Here’s mine:

“Gentlemen, I have a plan inside my hands. It’s a magical plan. Proprietary, if you will. But mainly magical. That’s why I have to keep it hidden from view – inside my hands where bad people – evil naysayers – can’t view it. Unlike previous plans, which have failed woefully thus far, this magical proprietary plan will work. And work really really well. But before I can open my hands and unveil this magical plan, I need a promise from you. Hey, what sort of magical plan would come without some strings attached, right? But I digress. What I need is access to, say, about $500 billion of our money. I say “our” because as a U.S. taxpayer I own a teeny tiny part of that $500 billion. So, it really is “our” money. Anyhow, once you promise to give me access to the $500 billion, then and only then will I open my hands and unveil the magical plan. Which, again, is going to work really really well. Hey, if you can’t trust Big Hank – the Treasury Secretary – then who can you trust, right? So, about that promise… and no finger crossing either.”

[Author]

Posts