Secretary Paulson's former firm should do quite well today. I don't know if we can call him a hero yet, let's wait to see how the GSE's function when they go into run-off mode. I can say that Yves Smith at Naked Capitalism and Barry Ritholtz at The Big Picture were bloggo-heroes this weekend.
Some links from TBP:
And from NC:Wall Street Research
Fannie and Freddie's Bust and Deeply Flawed Government Bailout Nouriel Roubini, RGEBringing Out the “Bazooka” David A. Rosenberg, Merrill Lynch (PDF)
First thoughts on the market impact of the Treasury's GSE plan, Goldman Sachs (PDF)
Paulson Begins Gradual Wind-Down of GSEs within Conservatorship, Institutional Risk Analyst
And what else is being said around the blogosphere:
http://www.rgemonitor.com/roubini-monitor/253501/fannie_and_freddies_bus
MORE
- Poole: GSE Bailout is "Stopgap", Expects Up to $300 Billion of Losses - Sep 8, 2008
- Paulson Sanity Check - Sep 8, 2008
- Freddie, Fannie Notable Comments (Mainly Not Pretty) - Sep 8, 2008
- Initial Negative Indicators on the GSE Bailout - Sep 7, 2008
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