Liquidity at Freddie & Fannie

[bsrsharma]

Liquidity at Freddie & Fannie are the new worries.
If they can’t raise capital, it can get ugly.

Also interesting is the Fed’s difference in attitude towards Countrywide & Bear Stearns vs. Indymac. There doesn’t seem to be that sense of crisis.

WaMu is the next act in the drama.