Questions linger, however, about how the takeover will shake out economically. The Wall Street Journal reports that it marks a new, "uncharted phase" of the U.S. mortgage crisis in which U.S. taxpayers could be liable for billions of dollars of write downs at Fannie and Freddie.
Fannie and Freddie were essentially already on the U.S. balance sheet, Wolf says, in the sense that the risks associated with their collapse were intricately wound up in U.S. economic prospects.
Still, the New York Times reports many individuals stand to suffer large-scale losses following the takeover. Shareholders of the lending giants are likely to get largely wiped out, analysts say, as their money will be among the first to go toward writeoffs.