Fannie Mae-No Politics (FNMA)

[cooler_heads]

This CNN article from says their shares fell more 80% the Friday before. That was the inside information leak prior to the announcement.

http://money.cnn.com/2008/09/07/news/companies/fannie_freddie/
"Sunday's announcement brings an end to months of speculation about the fate of the two firms. Shares of Fannie and Freddie, which have fallen more than 80% as of the end of Friday's session, were hammered this summer among concerns they would need to raise additional funds to cover future losses or need to be taken over by its federal regulator. Investors feared that either step would reduce or wipe out the value of current shareholders' stakes."

It looks like it was first released through the Treasury's website.
http://www.treasury.gov/press-center/press-releases/Pages/hp1129.aspx

It is interesting to hear about China's involvement with the AIG bailout. I wonder how much of a part they played in FnF's conservatorship.
http://www.npr.org/templates/story/story.php?storyId=94369826