SliderOnTheBlack.com

We’ll everyone’s been waiting, here’s the official scoop:

1. Both CEO’s are out!
2. Shareholders are screwed.
3. And both FNM & FRE will be forced to be downsized, until they no longer represent a threat to the U.S. financial system.

http://treasury.gov/press/releases/hp1129.htm

http://www.federalreserve.gov/newsevents/press/bcreg/20080907a.htm

We will see Monday if the market reactions matched expectations…

From James Cramer and The Street.com

http://www.thestreet.com/story/10436141/1/weekend-reading-fannie-freddie-bailout.html?puc=googlefi&cm_ven=GOOGLEFI&cm_cat=FREE&cm_ite=NA

http://www.thestreet.com/story/10436132/1/cramer-fannie-freddie-takeover-changes-the-game.html?puc=googlen&cm_ven=GOOGLEN&cm_cat=FREE&cm_ite=NA

From NPR:

http://www.npr.org/templates/story/story.php?storyId=94365281

Weekend Edition Sunday, September 7, 2008 · Host Liane Hansen speaks with Nariman Behravesh, Chief Economist at Global Insight. Behravesh says that without major action, chances of the housing crunch and credit crisis dragging on for another year are very high. But early action will probably save taxpayers in the long run, because the damage to the economy will be less.

From the Big Picture blog:

http://bigpicture.typepad.com/comments/2008/09/gse-takeover-ov.html

 From the L.A. Times:

http://latimesblogs.latimes.com/laland/2008/09/the-fannie-fred.html

Probably not good to be long the SKF Monday…

http://www.dividend.com/blog/?p=1283

And guess who get’s stuck with the bill?

S.O.T.B.