This is pretty big news (to put it lightly), so I don’t want to ignore it even though I try to focus on Seattle-specific news here usually.
On Friday news came out that Fannie Mae and Freddie Mac will basically be taken over by the US Government this week. I don’t see any point in rehashing the commentary and news you can find elsewhere, so I’ll just point you to some useful posts on the topic.
Calculated Risk: Original story, follow-up, follow-up, follow-up
Rain City Guide Post by Jillayne, follow-up
Market Ticker: Main story, follow-up, follow-up
I’m sure we’ll be talking about this plenty this week. Yikes.
Oh, one more, be sure to check out the forum thread on this subject that’s been going strong all weekend: Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie