Extensive coverage continues today on the government’s rescue of Freddie Mac and Fannie Mae (see our post yesterday for background). The developments remain front page news – the story is also being played out on the opinion pages (including an op-ed by Presidential candidate John McCain and his running mate Sarah Palin.) Here are some links (all published today unless otherwise indicated), we may add more later…:
Mortgage Bailout Is Greeted With Relief, Fresh Questions –Deborah Solomon, Michael Corkery and Liz Rappaport, front pg WSJ
Mortgage Giant's Future: A Rebuild or a Tear-Down - by Stephen Labaton and Edmund L. Andrews, front pg NYT
Rescue of Mortgage Giants Displays Paulson's Clout (title in some hard copy editions slightly different: Paulson's Influence Displayed in Fannie and Freddie Rescue) - by Sheryl Gay Stolberg, front pg NYT
An Itchy Finger on the Trigger of a Bazooka - by Andrew Ross Sorkin
Who Else Can Pile on for a Federal Rescue? by Nelson D. Schwartz, NYT
A Financial Veteran Brings Wall Street and Washington to Job at Fannie Mae [re: newly named CEO, Herb Allison] - by Jenny Anderson, NYT Sept. 7
A Former Finance Chief Takes the Realm at Freddie Mac [re: newly named CEO David Moffett] - by Eric Dash, NYT Sept 7
Editorials/OpEds:
We'll Protect Taxpayers From More Bailouts - WSJ.com – Opinion column by John McCain and Sarah Palin – WSJ
Mr. Paulson’s Bailout – Wash Post Editorial
Fannie Mae’s Patron Saint – WSJ Editorial
The Bailout’s Big Lessons – NYT Editorial
The End is Nigh for Fannie and Freddie - FT editorial
On another topic, here's an item that appeared in yesterday's WSJ on accounting:
Closing the Information GAAP, by L. Gordon Crovitz, in Sept. 8 WSJ
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Tuesday, September 9, 2008
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