Resurrecting the Resolution Trust Corp: Will it Help? [View article]
No free lunch! A Company that goes RTC will have their common stock diluted or wiped out and they will have to put up all of their assets as collateral.
(see) Housing and Economic Recovery Act of 2008 www.cbo.gov/ftpdocs/95... Provide temporary authority to the Secretary of the Treasury to purchase any obligations and other securities in any amounts issued by the government-sponsored enterprises (GSEs) involved in the mortgage market. Those GSEs include the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Banks (FHLBs).
He would also need Congress' Approval which would seem unlikely!
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Latest | Highest ratedResurrecting the Resolution Trust Corp: Will it Help? [View article]
Financial Shock and Awe: RTC 2.0? [View article]
RTC: Creating a Big Bad Bank [View article]
Paulson does not have the authority to do this!
(see)
Housing and Economic Recovery Act of 2008
www.cbo.gov/ftpdocs/95...
Provide temporary authority to the Secretary of the Treasury to purchase any obligations and other securities in any amounts issued by the government-sponsored enterprises (GSEs) involved in the mortgage market. Those GSEs include the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the Federal Home Loan Banks (FHLBs).
He would also need Congress' Approval which would seem unlikely!
www.cnbc.com/id/267790.../
Fannie/Freddie Bailout 'Disastrous Fiasco' [View article]
Why is Bill Miller Increasing His Stake in Freddie Mac?
seekingalpha.com/artic...
Fannie, Freddie: The biggest losers
money.cnn.com/2008/09/.../
Bill Miller bets on Freddie Mac
dailybriefing.blogs.fo.../
Mean Street: Losing Faith in Freddie Mac and Bill Miller
blogs.wsj.com/deals/20.../
A humbling period for Bill Miller of Legg Mason
www.iht.com/articles/2...
Legg Mason's Miller still a 'long-term optimist' despite market turmoil
www.bizjournals.com/ba...
Mass. Pension Loses Trust In Legg Mason
www.forbes.com/2008/08...
Bill Miller bets on Freddie Mac
www.silobreaker.com/Do...
Who’s Afraid of Fannie and Freddie?
dealbook.blogs.nytimes.../
Unintended Consequences of the Fannie / Freddie Bailout [View article]
Why is Bill Miller Increasing His Stake in Freddie Mac?
seekingalpha.com/artic...
Fannie, Freddie: The biggest losers
money.cnn.com/2008/09/.../
Bill Miller bets on Freddie Mac
dailybriefing.blogs.fo.../
Mean Street: Losing Faith in Freddie Mac and Bill Miller
blogs.wsj.com/deals/20.../
A humbling period for Bill Miller of Legg Mason
www.iht.com/articles/2...
Legg Mason's Miller still a 'long-term optimist' despite market turmoil
www.bizjournals.com/ba...
Mass. Pension Loses Trust In Legg Mason
www.forbes.com/2008/08...
Bill Miller bets on Freddie Mac
www.silobreaker.com/Do...
Who’s Afraid of Fannie and Freddie?
dealbook.blogs.nytimes.../
Ten Banks That Will Be Hurt by the Takeover of Fannie and Freddie [View article]
Why is Bill Miller Increasing His Stake in Freddie Mac?
seekingalpha.com/artic...
Fannie, Freddie: The biggest losers
money.cnn.com/2008/09/.../
Bill Miller bets on Freddie Mac
dailybriefing.blogs.fo.../
Mean Street: Losing Faith in Freddie Mac and Bill Miller
blogs.wsj.com/deals/20.../
A humbling period for Bill Miller of Legg Mason
www.iht.com/articles/2...
Legg Mason's Miller still a 'long-term optimist' despite market turmoil
www.bizjournals.com/ba...
Mass. Pension Loses Trust In Legg Mason
www.forbes.com/2008/08...
Bill Miller bets on Freddie Mac
www.silobreaker.com/Do...
Who’s Afraid of Fannie and Freddie?
dealbook.blogs.nytimes.../