(Big Picture-Barry Ritholtz) I am still working my way through the details of the GSE takeover by Treasury, but here is my initial read of the details:
• FHFA will act as conservator of the two firms -- meaning the US government has day-to-day control of Fannie and Freddie;
• The conservator's goals are to (1) put the company in a sound and solvent condition, and (2) carry on the company's business and preserve and conserve the assets and property of the company.
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