[…]Treasury Secretary Henry Paulson is preparing to announce plans to bring Fannie Mae and Freddie Mac under government control, seeking to halt the crisis of confidence in the companies that make up almost half the U.S. mortgage market.[…]
[…]The Treasury Department is putting the finishing touches to a plan designed to shore up Fannie Mae and Freddie Mac, according to people familiar with the matter, a move that would essentially result in a government takeover of the mortgage giants[…]
[…]The plan is expected to involve putting the two companies into the conservatorship of their regulator, the Federal Housing Finance Agency, said several people familiar with the matter.
That would mean the government would take the reins of the companies, at least temporarily.[…]
Nazionalizzazione temporanea di Fannie e Freddie
[…]It is also expected to involve the government injecting capital into Fannie and Freddie. That could happen gradually on a quarter-by-quarter basis, rather than in a single move, one person familiar with the matter said.[…]
[…]The Washington Post reported that the government would make quarterly injections of funds as the companies’ losses warranted, avoiding a large up-front taxpayer cost, citing sources it didn’t name. Debt and preferred shares would be protected, and common stock would be diluted while not wiped out, the Post said. […]
[…]The New York Times said most or all of both the common and preferred shares would be worth little or nothing[…]
[…]Analysts have speculated that the Treasury would wipe out common shareholders, while seeking to shield preferred stockowners from total loss. Fannie and Freddie preferred shares are typically owned by banks and insurance companies.
Their $5.2 trillion of debt outstanding is held by investors including Asian central banks, and would probably be guaranteed, analysts said.[…]
[…] Washington-based Fannie and Freddie dropped in after-hours trading. Fannie fell $2.25, or 32 percent, to $4.79 at 5:50 p.m. in New York Stock Exchange trading and Freddie slumped $1.40, or 27 percent, to $3.70.[…]
Ed ecco a voi, solamente con qualche giorno di ritardo (mi aspettavo questo annuncio circa una decina di giorni fa), il piano del Tesoro USA di nazionalizzazione “temporanea” di Fannie e Freddie.
Probabile effetto negativo sui titoli di stato, probabile rimbalzo dei mercati su questa notizia.
Prima però mi aspetto di conoscere a quanto ammonterà la cifra che metterà a disposizione il governo USA.
