But the headline confuses me even more than that. It explicitly says the appointment of a receiver would be for a GSE. While the article lists Freddie and Fannie as GSE's, the article does not explicitly say the receiver would be for GSE's or Freddie or Fannie -- I can read the article to say the receiver would be for some type of business that Fannie of Freddie deals with.
But taken at the headline's say so, then this is pretty earth-shaking news -- and WHO would get that lucrative and powerful post of being the reciever?
That's correct. Do a Free Republic search on "Fannie" for endless discussion of this subject.
But taken at the headline's say so, then this is pretty earth-shaking news --
That's why its been moved to chat. For all the gory details see my link to the OFHEO report on systemic risk.
and WHO would get that lucrative and powerful post of being the reciever?
If I had to guess? GE Capital and JP Morgan.