{"id":2607,"date":"2008-09-07T13:59:09","date_gmt":"2008-09-07T20:59:09","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=2607"},"modified":"2008-09-07T14:06:34","modified_gmt":"2008-09-07T21:06:34","slug":"fannie-freddie-takeover","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2008\/09\/07\/fannie-freddie-takeover\/","title":{"rendered":"Fannie \/ Freddie Takeover"},"content":{"rendered":"<p>This is pretty big news (to put it lightly), so I don&#8217;t want to ignore it even though I try to focus on Seattle-specific news here usually.<\/p>\n<p>On Friday news came out that Fannie Mae and Freddie Mac will basically be taken over by the US Government this week.\u00a0 I don&#8217;t see any point in rehashing the commentary and news you can find elsewhere, so I&#8217;ll just point you to some useful posts on the topic.<\/p>\n<p>Calculated Risk: <a href=\"http:\/\/calculatedrisk.blogspot.com\/2008\/09\/wsj-fannie-freddie-to-be-put-in.html\" title=\"WSJ: Fannie, Freddie to be put in 'Conservatorship'\">Original story<\/a>, <a href=\"http:\/\/calculatedrisk.blogspot.com\/2008\/09\/fannie-and-freddie.html\" title=\"Fannie and Freddie\">follow-up<\/a>, <a href=\"http:\/\/calculatedrisk.blogspot.com\/2008\/09\/more-fannie-and-freddie.html\" title=\"More Fannie and Freddie\">follow-up<\/a>, <a href=\"http:\/\/calculatedrisk.blogspot.com\/2008\/09\/statement-by-paulson-of-fannie-and.html\" title=\"Statement by Paulson on Fannie and Freddie\">follow-up<\/a><\/p>\n<p><a href=\"http:\/\/www.raincityguide.com\/2008\/09\/05\/wsj-reporting-deal-near-to-put-fannie-and-freddie-into-conservatorship\/\" title=\"WSJ Reporting Deal Near to put Fannie and Freddie into Conservatorship\">Rain City Guide Post by Jillayne<\/a>, <a href=\"http:\/\/www.raincityguide.com\/2008\/09\/07\/hurricane-fannie-freddie-hits-us-taxpayers\/\" title=\"Hurricane Fannie Freddie Hits US Taxpayers\">follow-up<\/a><\/p>\n<p>Market Ticker: <a href=\"http:\/\/market-ticker.denninger.net\/archives\/569-What-Is-The-Truth-FannieFreddie.html\" title=\"What Is The Truth? (Fannie\/Freddie)\">Main story<\/a>, <a href=\"http:\/\/market-ticker.denninger.net\/archives\/571-GSE-Fraud-And-YOU-Are-About-To-Get-The-Bill!.html\" title=\"GSE Fraud - And YOU Are About To Get The Bill!\">follow-up<\/a>, <a href=\"http:\/\/market-ticker.denninger.net\/archives\/572-Bend-Over,-Here-It-Comes-FraudiePhoney.html\" title=\"Bend Over, Here It Comes (Fraudie\/Phoney)\">follow-up<\/a><\/p>\n<p>I&#8217;m sure we&#8217;ll be talking about this plenty this week.  Yikes.<\/p>\n<p>Oh, one more, be sure to check out the forum thread on this subject that&#8217;s been going strong all weekend: <a href=\"http:\/\/seattlebubble.com\/forum\/viewtopic.php?f=5&#038;t=1773\" title=\"Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie\">Treasury Is Close to Finalizing Plan to Backstop Fannie, Freddie<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>This is pretty big news (to put it lightly), so I don&#8217;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.\u00a0 I don&#8217;t see any point in&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[198],"tags":[282,266,267,104],"coauthors":[],"class_list":["post-2607","post","type-post","status-publish","format-standard","hentry","category-news","tag-bailout","tag-fannie","tag-freddie","tag-government_meddling"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Fannie \/ Freddie Takeover \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2008\/09\/07\/fannie-freddie-takeover\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Fannie \/ Freddie Takeover \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"This is pretty big news (to put it lightly), so I don&#8217;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.\u00a0 I don&#8217;t see any point in...\" \/>\n<meta name=\"twitter:creator\" content=\"@The_Tim\" \/>\n<meta name=\"twitter:site\" content=\"@SeattleBubble\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"The Tim\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/07\/fannie-freddie-takeover\/\",\"url\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/07\/fannie-freddie-takeover\/\",\"name\":\"Fannie \/ Freddie Takeover \u2022 Seattle Bubble\",\"isPartOf\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\"},\"datePublished\":\"2008-09-07T20:59:09+00:00\",\"dateModified\":\"2008-09-07T21:06:34+00:00\",\"author\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\"},\"breadcrumb\":{\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/07\/fannie-freddie-takeover\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/seattlebubble.com\/blog\/2008\/09\/07\/fannie-freddie-takeover\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/2008\/09\/07\/fannie-freddie-takeover\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/seattlebubble.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Fannie \/ Freddie Takeover\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#website\",\"url\":\"https:\/\/seattlebubble.com\/blog\/\",\"name\":\"Seattle Bubble\",\"description\":\"local\u00a0real\u00a0estate\u00a0news, statistics,\u00a0and\u00a0commentary without\u00a0the\u00a0sales\u00a0spin.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/seattlebubble.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/7de7c0dd14bee1a2c67f7ce86bc4505f\",\"name\":\"The Tim\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/seattlebubble.com\/blog\/#\/schema\/person\/image\/37756956c11dcc50d2559761ffa5ee70\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/19e5770990a1681615608091b2de571b10c3e03bbac7d07bb2ae15297ee72fbc?s=96&d=retro&r=g\",\"caption\":\"The Tim\"},\"description\":\"Tim Ellis is the founder of Seattle Bubble. 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