{"id":194785,"date":"2008-08-19T05:14:00","date_gmt":"2008-08-19T10:14:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/19\/fannie-and-freddie-have-no-clothes\/"},"modified":"2008-08-19T05:14:00","modified_gmt":"2008-08-19T10:14:00","slug":"fannie-and-freddie-have-no-clothes","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/08\/19\/fannie-and-freddie-have-no-clothes\/","title":{"rendered":"Fannie and Freddie Have No Clothes"},"content":{"rendered":"<p>Or more accurately, <a href=\"http:\/\/bigpicture.typepad.com\/comments\/2008\/08\/fannie-and-fred.html\">negative net worth<\/a> to the tune of something on the order of -$50 Billion each.<\/p>\n<p>The only thing keeping them solvent is their banking of losses against future taxes.<\/p>\n<p>They are going to fail&#8230;.It&#8217;s that simple.<\/p>\n<p>The only question is how, and who gets hosed.<\/p>\n<p>H\/t Barry Righoltz.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Or more accurately, negative net worth to the tune of something on the order of -$50 Billion each. The only thing keeping them solvent is their banking of losses against future taxes. They are going to fail&#8230;.It&#8217;s that simple. The only question is how, and who gets hosed. H\/t Barry Righoltz.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1004,1088,985],"tags":[],"class_list":["post-194785","post","type-post","status-publish","format-standard","hentry","category-finance","category-real-estate","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194785"}],"collection":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/comments?post=194785"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/194785\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=194785"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=194785"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=194785"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}