{"id":195469,"date":"2008-07-07T17:21:00","date_gmt":"2008-07-07T22:21:00","guid":{"rendered":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/07\/the-gses-just-tanked\/"},"modified":"2008-07-07T17:21:00","modified_gmt":"2008-07-07T22:21:00","slug":"the-gses-just-tanked","status":"publish","type":"post","link":"https:\/\/www.panix.com\/~msaroff\/40years\/2008\/07\/07\/the-gses-just-tanked\/","title":{"rendered":"The GSE&#8217;s Just Tanked"},"content":{"rendered":"<p>Freddie Mac fell 18 percent and Fannie Mae 16 percent after a <a href=\"http:\/\/bloomberg.com\/apps\/news?pid=20601087&amp;sid=asb4r81Ls6kE&amp;refer=home\">Lehman Brothers analysts said that they would have to raise more than $75 billion<\/a>.<\/p>\n<p>They are both down <span style=\"font-weight: bold;\">more than 60%<\/span> so far this year.<\/p>\n<p>Normally, I don&#8217;t follow stock, but if they do indeed need to raise capital to stay solvent, then they will have&#8230;you got it&#8230;sell stock for said capital.<\/p>\n<p>The rule, FAS 140, is intended to make sure that companies don&#8217;t keep &#8220;under performing  assets &#8220;(translation: worthless crap) in &#8220;off-balance sheet entities&#8221; (translation: embezzlement and fraud).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Freddie Mac fell 18 percent and Fannie Mae 16 percent after a Lehman Brothers analysts said that they would have to raise more than $75 billion. They are both down more than 60% so far this year. Normally, I don&#8217;t follow stock, but if they do indeed need to raise capital to stay solvent, then &hellip;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1261,1004,1088,985],"tags":[],"class_list":["post-195469","post","type-post","status-publish","format-standard","hentry","category-bubble","category-finance","category-real-estate","category-regulation"],"_links":{"self":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195469"}],"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=195469"}],"version-history":[{"count":0,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/posts\/195469\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/media?parent=195469"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/categories?post=195469"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.panix.com\/~msaroff\/40years\/wp-json\/wp\/v2\/tags?post=195469"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}