For the moment the rebuilding Doom’s sidebar has alphabetic ordering instead of the reverse-order-by-add we all knew and loved over the site’s first four years. Those prefixes to the sidebar stories aren’t actually an editorial comment on the number of days left of Geithner’s free money pouring into whatever worthy projects Congress, in their responsible wisdom, wish the GSEs to do (well, it’s that too
); it’s really just a desperate expedient to at least get the day’s crop of finds to sit together at the top of the list.
But we’ve discovered that putting things in alphabetical order sometimes can have some funky side effects.
So do you suppose the above two journalists have managed to read each others’ articles yet?
WaPo (8/6 ’10): “Fannie Mae’s second-quarter loss smallest since government seized housing firm”
A single-family home under construction in Thornton, Colo. Fannie Mae decreased its losses in the second quarter, but its fortunes could again sour if the housing market again weakens significantly.
HuffyPo (8/6 ’10): “Fannie Mae: Home Prices To Decline Into Next Year”
Home prices will decline into next year, Fannie Mae said Thursday, reversing earlier projections that the housing market would stabilize this year.
OK all you college educated economists out there, anyone care to add 2 plus 2?
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John-
Did you see where it is being alleged that FNM has been thwarting homeowner rescue in persuit of easy profits? It seems somewhat ironic considering their massive losses.
http://motherjones.com/mojo/2010/08/fannie-spiking-obamas-housing-rescue