{"id":2051,"date":"2008-07-11T18:02:35","date_gmt":"2008-07-11T22:02:35","guid":{"rendered":"http:\/\/valorguardians.com\/blog\/?p=2051"},"modified":"2008-07-11T18:02:35","modified_gmt":"2008-07-11T22:02:35","slug":"this-is-a-really-big-deal","status":"publish","type":"post","link":"https:\/\/www.azuse.cloud\/?p=2051","title":{"rendered":"This is a Really Big Deal"},"content":{"rendered":"

Fannie Mae is in a spiral and Freddie Mac is struggling as well<\/a>.<\/p>\n

BOSTON (MarketWatch) — Shares of Freddie Mac ended a wild session Friday down about 4% after losing more than half their value earlier in the session as the market battled the federal government for the hearts and minds of investors. <\/p>\n

A report that the Federal Reserve will allow the mortgage giant to access the discount window to relieve capital pressures rallied the share from more than 50% losses into positive territory late in the session, before they slipped back into the red.<\/p><\/blockquote>\n

Both of these programs are what are known as \u201cQuasi-Governmental\u201d programs.
\nThe reality is that almost 70% of mortgages in this country are touched (or stained) by at least one of the colossal failures. What do you suppose the government plans to do to fix this?<\/p>\n

Fannie Mae and Freddie Mac trade remained under severe pressure amid prospects that the mortgage giants, which help make the American dream of home ownership possible for millions, will need to be bailed out by the U.S. taxpayer. <\/p><\/blockquote>\n

This suggested solution is a train wreck for the tax payer.<\/p>\n

I just received an email asking for clarification; well actually a straight forward question, \u201cCOB, Just WTF is \u201cQuasi-Government\u201d anyway?\u201d<\/p>\n

Sadly enough, I have had cause to burn many brain cells on Government Sponsored Enterprises which is one of many categories of evil spawn of QG programs. <\/p>\n

So, I will try to write a Readers Digest version of this beast, so the rest of you can erase a small part of your mind and fill it with just what happens when the government tries to help. As I am sure TSO can attest, trying to make something as intentionally convoluted as legislation make sense is no small feat. But I\u2019ll take one for the team and try.<\/p>\n

For this post, just remember that this Fannie Mae and Freddie Mac implosion has the potential of doubling the national deficit over night. Think about that for a second and then go get a drink.<\/p>\n

Hell, it\u2019s Friday, I am!<\/p>\n","protected":false},"excerpt":{"rendered":"

Fannie Mae is in a spiral and Freddie Mac is struggling as well. BOSTON (MarketWatch) — … This is a Really Big Deal<\/span>Read more<\/a><\/p>\n","protected":false},"author":64,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-2051","post","type-post","status-publish","format-standard","hentry","category-politics"],"_links":{"self":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/2051","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/users\/64"}],"replies":[{"embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2051"}],"version-history":[{"count":0,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=\/wp\/v2\/posts\/2051\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2051"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2051"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.azuse.cloud\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2051"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}