Saturday, September 7, 2013

This Day in the Financial Crisis, Sept. 7, 2008: Take a Load off Fannie

The deed was done.

Sunday September 7, 2008.
Fannie Mae, Freddie Mac Roundup II: Saturday (FNM; FRE)

 Statement by Secretary Henry M. Paulson, Jr. on Treasury and Federal Housing Finance Agency Action to Protect Financial Markets and Taxpayers  
A break in the action: Scientific American was starting a series on the neuroscience of chance:
Why Our Brains Do Not Intuitively Grasp Probabilities
And back to the GSE's:
Initial Reaction to Fannie Mae, Freddie Mac Bailout- Sunday Morning (FNM; FRE)

 U.S. Credit Rating unaffected by Fannie Mae Freddie Mac Bailout. And: Preferred Junk (FNM; FRE)
A mashup went viral on the 7th (since pulled down by the GOOG):
Take a load off Fannie (FNM;FRE)
This video was going around a few weeks ago and, as is becoming more common in my dotage, I misplaced the bookmark. Thanks to Portfolio, I found it while looking for"Liquid cooled Underwear and Other Micro-climates"
 (don't ask).


Sunday Afternoon with Fannie Mae and Freddie Mac (FNM; FRE)
That concludes our Sunday coverage of Fannie and Freddie, we'll have more tomorrow but for now, back to our regularly scheduled programming:
The hurricane was still coming:
Hurricane Watch: Ike to Strafe the Length of Cuba
And we were looking forward to the market open on Monday the 8th.
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