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CreditSights3435 word report
published Aug 19, 2008
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Abstract: The GSEs resumed their stock market free-fall after a scathing Barron's article. Decimated market caps could be a self-fulfilling prophecy, but political sensitivities remain a factor for potential impairments across the capital structure
Brief Excerpt: GSEs: Barron's Bombards Fannie/Freddie - Government Action Nearing? Fannie Mae and Freddie Mac resumed their stock market free-fall following a Barron's article calling for government intervention in the near term that could potentially...
Report Type: Sector Article
Source: CreditSights Inc
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CreditSightsCreditSights is an independent research platform comprised of a team of analysts with both buy-side and sell-side experience in the U.S. and overseas. CreditSights' research focuses on global corporate and sovereign issuers, which have securities that are actively traded in the corporate bond, credit derivatives and/or equity-linked markets. Sector coverage is broad-based and includes telecom, technology, and media; autos and general industrials; utilities and energy; financial services; commodity cyclicals; retail and consumer products; and aerospace and defense. Emerging markets coverage includes the major Latin American, Asian and Eastern European countries. The focus of CreditSights research is to help investors make decisions by distilling and interpreting significant developments and specific events affecting individual companies, industries, or the securities markets as a whole.